Public working manuscript / V1.0 · H03
Stakeholder Capital Theory
Reconstructing Enterprise Value, Rights and Governance
Examines the conditions under which shared contributions form resources, capabilities and cooperative relationships that remain usable over time, and how corresponding rights and governance arrangements support long-term cooperation.
- Version
- V1.0 · H03
- Date
- 2026-10-19
- Author
- ChatGPT、Andrew David W.Y.
Text: Chinese original
Overview
Examines the conditions under which shared contributions form resources, capabilities and cooperative relationships that remain usable over time, and how corresponding rights and governance arrangements support long-term cooperation.
The online text is the H03 public working manuscript in its Chinese original. It includes the preface, introduction, six parts with 28 chapters, conclusion, 13 tool appendices, references, a terminology index and 317 reference notes. This page brings together related Think Tank articles, papers, updates and available supporting materials.
Contents
Preface — From Organizing Funds to Organizing Co-Creation · Chinese text
Part 1 — Rethinking the Firm: Who Creates Value, Who Shares Its Future
Part 1 — Rethinking the Firm: Who Creates Value, Who Shares Its Future · Chinese text
- Chapter 1 — Achievements and New Challenges of the Corporate Form · Chinese text
- Chapter 2 — The Co-Creators of Corporate Value · Chinese text
- Chapter 3 — The Disconnect Between Contributions and a Firm’s Future · Chinese text
- Chapter 4 — Why Firms Need the Capacity for Capital Governance · Chinese text
- Chapter 5 — Corporate Purpose: Why We Create Together · Chinese text
Part 2 — Rethinking Capital: How Shared Contributions Drive Long-Term Growth
Part 2 — Rethinking Capital: How Shared Contributions Drive Long-Term Growth · Chinese text
- Chapter 6 — Intellectual Foundations and Core Propositions of Stakeholder Capital Theory · Chinese text
- Chapter 7 — What Is Stakeholder Capital? · Chinese text
- Chapter 8 — How Stakeholder Capital Is Formed · Chinese text
- Chapter 9 — Contributions, Risks and the Legitimacy of Rights · Chinese text
- Chapter 10 — Trust and Reciprocity: How Long-Term Cooperation Develops · Chinese text
Part 3 — Organizing Co-Creation: A Governance Model for Stakeholder Business Ecosystems
- Chapter 11 — Identifying a Firm’s Stakeholder Network · Chinese text
- Chapter 12 — Four Ecosystems: The Basic Structure of the Corporate Value Cycle · Chinese text
- Chapter 13 — Six Systems: Connecting Value Creation into a Complete Process · Chinese text
- Chapter 14 — The Governance Cycle from Participation to Growth · Chinese text
Part 4 — Building Trustworthy Institutions: How Contributions, Rights and Governance Work
- Chapter 15 — Contribution Recognition: Recording Co-Creation Clearly · Chinese text
- Chapter 16 — Value Accounting: What Was Created Together, and Who Received What? · Chinese text
- Chapter 17 — Designing Rights: Matching Returns to Contributions, Responsibilities and Risks · Chinese text
- Chapter 18 — Governance Mechanisms: Who Makes the Rules, Who Oversees Them? · Chinese text
- Chapter 19 — Digitalization: Turning Institutions into Working Systems · Chinese text
Part 5 — Transforming the Firm: Starting with One Business Situation
Part 5 — Transforming the Firm: Starting with One Business Situation · Chinese text
- Chapter 20 — Employees: Connecting Today’s Work to Long-Term Growth · Chinese text
- Chapter 21 — Customers: Building Relationships That Keep Creating Value · Chinese text
- Chapter 22 — Suppliers, Channels and Partners: Organizing Collaboration Across Firms · Chinese text
- Chapter 23 — Entrepreneurs and Investors: Organizing Long-Term Capital · Chinese text
- Chapter 24 — Building a Firm Where Everyone Can Grow Together · Chinese text
Part 6 — Testing and Developing a Capital Governance System That Works in Practice
Part 6 — Testing and Developing a Capital Governance System That Works in Practice · Chinese text
- Chapter 25 — Demonstrating the Value Created by Capital Governance · Chinese text
- Chapter 26 — Hard Questions Stakeholder Capital Theory Must Answer · Chinese text
- Chapter 27 — WISERUNION: Strategic Design for Stakeholder Capital Governance · Chinese text
- Chapter 28 — Capital Formation in the Age of Co-Creation · Chinese text
Conclusion — Start with Your Firm and Organize Co-Creation · Chinese text
Practical Appendices · Chinese text
Appendix 1 — Core Terms and Conceptual Boundaries · Chinese text
Appendix 2 — Corporate Capital Governance Diagnostic Form · Chinese text
Appendix 3 — Stakeholder Mapping and Relationship Analysis Template · Chinese text
Appendix 4 — Mapping the Four Ecosystems and Six Systems · Chinese text
Appendix 5 — Contribution Events, Evidence and Recognition Record Template · Chinese text
Appendix 6 — Matching Contributions, Rights, Responsibilities and Risks · Chinese text
Appendix 7 — Governance Rules and Rights Mechanism Design Template · Chinese text
Appendix 8 — First Capital Governance Pilot: Action Plan and Evaluation Template · Chinese text
Appendix 9 — Comparing Theoretical Propositions, Evidence and Counterexamples · Chinese text
Appendix 10 — Stakeholder Value, Costs and Gains-and-Losses Report Template · Chinese text
Appendix 11 — Prior Consultation and Shared Commitments Checklist · Chinese text
Appendix 12 — Stress Testing Crisis Scenarios and Adjustments to Rights · Chinese text
Appendix 13 — Standards for Source Citation, Argumentation and Evidence Use · Chinese text
Supporting materials
Versions and updates
H03 public working manuscript. This update synchronizes the full research text and adds two implementation methods: reconciling business and funds records, and linking needs, projects and capabilities. The effects of the proposed institutions remain subject to practical testing.
The book explores the shared future of firms and their participants. Read the full text online, then follow hand-selected research, papers and updates, alongside available supporting materials.