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Lý thuyết vốn các bên liên quanV1.0 · H03 · 2026-10-19

Lý thuyết vốn các bên liên quan

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Khoảng 69 phút · V1.0 · H03

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参考文献

——重构企业的价值、权益与治理

编排说明

本表依据现有书稿的实际注释汇编,覆盖前言、导论、六篇正文、结语及十三项工具附录。同一作品在多个章节中的引用合并著录;书中引用的编著章节保留章节作者。工作论文、正式论文、重印本和标准的具体版本按实际引用情况标明。

采用“作者—年份—题名—出版信息”的统一格式,并设置 R 编号供全书校对与排版对照。论文优先提供 DOI,其他资料链接至出版机构、作者存档或官方页面。未标明年份的网页记为“无日期”;书稿采用的版本与本次检索到的页面状态有差异时,在条目或核对说明中注明。

公开文献与 WISERUNION 内部资料分别列示。内部文件用于说明项目构想与设计来源,不作为制度效果已获独立验证的证据。具体引文页码、段落号及作者论述与本书推论的界限,仍由各节注释承担。本版共登记209项书目,其中138项取得DOI登记元数据;元数据核对不等于阅读全文。原文选段、公开摘要、前期阅读记录和待原版复核的定位分别说明。没有实际注释调用的历史版本或背景资料保留其用途,不计作当前命题的新增独立证据。

专著与编著章节

[R001] Albrecht, M. G., Green, M., & Hoffman, L.(2023)。Principles of Marketing。OpenStax。书稿引用第17.1节“The Use and Value of Marketing Channels”。

[R002] Becker, G. S.(1975)。Human Capital: A Theoretical and Empirical Analysis, with Special Reference to Education。第2版。National Bureau of Economic Research。书稿引用第2章“Investment in Human Capital: Effects on Earnings”,第13–44页。

[R003] Freeman, R. E.(2010)。Strategic Management: A Stakeholder Approach。Cambridge University Press,重印本;原作于1984年由 Pitman 出版。

书中讨论思想提出年代时可写“Freeman,1984”;使用 Cambridge 重印本的引文应标清“1984/2010”,并按实际所用版本定位页码。

[R004] Freeman, R. E., Harrison, J. S., Wicks, A. C., Parmar, B. L., & de Colle, S.(2010)。Stakeholder Theory: The State of the Art。Cambridge University Press。书稿引用第7章“Stakeholder Theory and Business Ethics”,第195–234页。

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[R006] Hernán, M. A., & Robins, J. M.(2020)。Causal Inference: What If。Boca Raton: Chapman & Hall/CRC。采用作者指定的引用形式,参照作者网站在线稿。

作者网站说明在线稿持续更新;本条年份按作者推荐引用写法著录,不据此认定已有对应的纸质出版版本。

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[R010] Penrose, E.(1995)。The Theory of the Growth of the Firm。第3版。Oxford University Press。

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书稿所用 HBS 链接为2012年2月18日作者待刊稿;以上卷期与页码属于正式刊本。

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书稿所用链接为作者待刊稿,题名页注明拟刊于上述期刊;原稿页码与正式刊本页码需分别使用。

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[R135] Whetten, D. A.(1989)。What Constitutes a Theoretical Contribution?。Academy of Management Review, 14(4), 490–495。

[R136] Williamson, O. E.(1983)。Credible Commitments: Using Hostages to Support Exchange。American Economic Review, 73(4), 519–540。

[R137] Williamson, O. E.(1991)。Comparative Economic Organization: The Analysis of Discrete Structural Alternatives。Administrative Science Quarterly, 36(2), 269–296。

[R138] Winter, S. G., & Szulanski, G.(2001)。Replication as Strategy。Organization Science, 12(6), 730–743。

[R139] Zeithaml, V. A.(1988)。Consumer Perceptions of Price, Quality, and Value: A Means-End Model and Synthesis of Evidence。Journal of Marketing, 52(3), 2–22。

[R140] Zollo, M., & Winter, S. G.(2002)。Deliberate Learning and the Evolution of Dynamic Capabilities。Organization Science, 13(3), 339–351。

[R180] Klein, P. G., Mahoney, J. T., McGahan, A. M., & Pitelis, C. N.(2019)。Organizational Governance Adaptation: Who Is In, Who Is Out, and Who Gets What。Academy of Management Review, 44(1), 6–27。

[R181] McGahan, A. M.(2021)。Integrating Insights From the Resource-Based View of the Firm Into the New Stakeholder Theory。Journal of Management, 47(7), 1734–1756。

[R182] Bridoux, F., & Stoelhorst, J. W.(2022)。Stakeholder Governance: Solving the Collective Action Problems in Joint Value Creation。Academy of Management Review, 47(2), 214–236。

[R183] Stoelhorst, J. W., & Vishwanathan, P.(2024)。Beyond Primacy: A Stakeholder Theory of Corporate Governance。Academy of Management Review, 49(1), 107–134。

[R184] Paine, L. S.(2023)。Corporate Leaders Say They Are For Stakeholder Capitalism—But Which Version Exactly? A Critical Look at Four Varieties。Harvard Business School Working Paper 24-008,2023年8月2日。

[R185] Nakamoto, S.(2008)。Bitcoin: A Peer-to-Peer Electronic Cash System。技术白皮书。

[R191] North, D. C.(1993)。Economic Performance through Time。诺贝尔经济学奖演讲,1993年12月9日。用于制度延续、学习与路径依赖的概念参照,正文按演讲版本引用。

准则、标准、政策与机构资料

[R141] Abdul Latif Jameel Poverty Action Lab(无日期)。J-PAL Costing Guidelines。J-PAL,研究资源;所用文件名为 costing-guidelines_5.27.25.pdf。

[R142] Bank for International Settlements & Committee on Payments and Market Infrastructures(2024)。Tokenisation in the Context of Money and Other Assets: Concepts and Implications for Central Banks。Report to the G20。Bank for International Settlements,2024年10月。

[R143] Bhula, R., Mahoney, M., & Murphy, K.(2020)。Conducting Cost-Effectiveness Analysis (CEA)。Abdul Latif Jameel Poverty Action Lab(J-PAL),研究资源,2020年7月更新。

[R144] Financial Industry Regulatory Authority(2024)。Questions Employees Should Ask About Stock Awards。FINRA Investor Insights,2024年10月25日。

[R145] Gibson, M., & Sautmann, A.(2023)。The Elements of a Randomized Evaluation。Abdul Latif Jameel Poverty Action Lab(J-PAL),研究资源,2023年9月更新。

[R146] Global Reporting Initiative(2021)。GRI 1: Foundation 2021。GRI,通用标准。

[R147] HM Treasury(2026)。The Green Book (2026)。GOV.UK,中央政府评估指南,2026年2月5日更新。

[R148] IFRS Foundation(2021)。Going Concern—a Focus on Disclosure。IFRS Foundation,2021年1月。

[R149] IFRS Foundation(无日期)。IAS 38 Intangible Assets。官方准则介绍网页(About)。

[R150] IFRS Foundation(无日期)。IAS 7 Statement of Cash Flows。官方准则介绍网页(About)。

[R151] International Accounting Standards Board(2018)。Conceptual Framework for Financial Reporting。IFRS Foundation。2018年修订,书稿参照2021年汇编本。

[R152] International Labour Organization(无日期)。About the Declaration。ILO《工作中的基本原则和权利宣言》官方介绍网页;所介绍宣言于1998年通过、2022年修订。

[R153] International Organization for Standardization(2016)。ISO 15489-1:2016: Information and Documentation — Records Management — Part 1: Concepts and Principles。第2版,2016年4月。ISO;书稿参照官方标准介绍。

[R154] International Organization for Standardization(无日期)。Introducing ISO 15489-1:2016。ISO 官方网站提供的标准介绍演示材料,14页;题名页未署个人作者及发布日期。

[R155] Joint Task Force(2020)。Security and Privacy Controls for Information Systems and Organizations。NIST Special Publication 800-53, Revision 5。National Institute of Standards and Technology,2020年9月,含2020年12月10日更新。

[R156] National Institute of Standards and Technology(2020)。NIST Privacy Framework: A Tool for Improving Privacy Through Enterprise Risk Management, Version 1.0。NIST,2020年1月16日。

[R157] Object Management Group(2014)。Business Process Model and Notation (BPMN), Version 2.0.2。OMG 正式版本,2014年1月。

[R158] Object Management Group(2024)。Decision Model and Notation (DMN), Version 1.5。OMG 正式版本,2024年8月。书稿同时参照 DMN 官方介绍网页。

[R159] OECD(2013)。Recommendation of the Council Concerning Guidelines Governing the Protection of Privacy and Transborder Flows of Personal Data。OECD/LEGAL/0188。1980年通过,2013年修订。

[R160] OECD(2016)。OECD Recommendation of the Council on Consumer Protection in E-Commerce。Paris: OECD Publishing。

[R161] OECD(2023)。G20/OECD Principles of Corporate Governance 2023。Paris: OECD Publishing。

[R162] OECD & Eurostat(2018)。Oslo Manual 2018: Guidelines for Collecting, Reporting and Using Data on Innovation。第4版。Paris: OECD Publishing;Luxembourg: Eurostat。

[R163] Office of the United Nations High Commissioner for Human Rights(2011)。Guiding Principles on Business and Human Rights: Implementing the United Nations “Protect, Respect and Remedy” Framework。United Nations。

[R164] State of Delaware(无日期)。Delaware Code, Title 8, Chapter 1, Subchapter V: Stock and Dividends。Delaware Code Online,动态法典网页;书稿引用第152、154条。

[R165] Temoshok, D., Proud-Madruga, D., Choong, Y.-Y., Galluzzo, R., Gupta, S., LaSalle, C., Lefkovitz, N., & Regenscheid, A.(2025)。Digital Identity Guidelines。NIST Special Publication 800-63-4。National Institute of Standards and Technology,2025年7月。

[R166] The British Academy(2019)。Principles for Purposeful Business。Future of the Corporation programme。London: The British Academy。

[R167] U.S. Securities and Exchange Commission(2014)。Beginners’ Guide to Financial Statements。SEC 投资者教育资料,官方页面标示2014年1月12日。

[R168] U.S. Securities and Exchange Commission(2026)。Application of the Federal Securities Laws to Certain Types of Crypto Assets and Certain Transactions Involving Crypto Assets。Interpretive Release Nos. 33-11412 and 34-105020,2026年3月17日。

[R169] U.S. Securities and Exchange Commission(无日期)。Glossary。Resources for Small Businesses,官方术语表;书稿引用“Secondary Market”词条。

[R170] U.S. Securities and Exchange Commission(无日期)。Primary Market。Investor.gov,术语表。

[R171] U.S. Securities and Exchange Commission(无日期)。Secondary Market。Investor.gov,术语表。

[R172] U.S. Securities and Exchange Commission(无日期)。Stocks – FAQs。Investor.gov,投资者教育网页。

[R173] U.S. Securities and Exchange Commission, Division of Corporation Finance, Division of Investment Management, & Division of Trading and Markets(2026)。Statement on Tokenized Securities。部门工作人员声明,2026年1月28日。

[R174] United Nations Commission on International Trade Law(无日期)。UNCITRAL Legislative Guide on Insolvency Law。UNCITRAL 官方介绍网页;书稿参照其中对第四部分及其2019年第二版的说明。

[R175] World Wide Web Consortium(2013)。PROV-DM: The PROV Data Model。W3C Recommendation,2013年4月30日。

[R176] Yaga, D., Mell, P., Roby, N., & Scarfone, K.(2018)。Blockchain Technology Overview。NIST Interagency Report 8202。National Institute of Standards and Technology。

[R177] 联合国(1948)。世界人权宣言。联合国大会第217 A(III)号决议,1948年12月10日;官方中文文本。

[R186] National Institute of Standards and Technology(2023)。Artificial Intelligence Risk Management Framework (AI RMF 1.0)。NIST AI 100-1。

[R187] Bitcoin Developer Documentation(无日期)。Block Chain。Developer Guides。书稿参照“Proof Of Work”“Transaction Data”及共识规则说明。

[R196] U.S. Securities and Exchange Commission(2024,2026更新)。Employee Benefit Plans – Rule 701。小企业资源说明,页面标明2026年3月17日最近更新。本书2026年10月9日核对其适用及转让限制说明,不据此确认本项目可使用该豁免。

[R197] U.S. Securities and Exchange Commission, Office of Investor Education and Advocacy(2024)。What You Need to Know About SPACs – Updated Investor Bulletin。2024年8月21日,工作人员投资者教育资料。本书2026年10月9日核对合并阶段、权利变化和稀释说明;不属于本项目批准文件。

[R198] U.S. Securities and Exchange Commission staff(2013)。Investment Company Registration and Regulation Package。一般指导资料。本书2026年10月9日核对投资公司判断框架及其范围限制;未作持股平台适用、排除或豁免结论。

[R199] U.S. Securities and Exchange Commission(2024;2026更新)。Broker-Dealers。小企业投资教育资料,2024年9月4日发布,页面标明2026年4月24日最近更新。本书2026年10月9日核对交易活动、交易相关报酬及登记问题的说明;该页面不是对WISERUNION具体服务资格的认定。

项目内部资料

[R178] Andrew David W.Y.(原文件署名Andrew David WY,无日期)。《明道共生文化体系》。V4,内部资料,文件名:明道共生文化体系 V4 pdf.pdf;正文署题《明道共生|东方生命经营学》。

[R179] WISERUNION(2026)。《WISERUNION利益相关者资本治理白皮书》。V1.0,2026年8月28日,研究与项目白皮书,内部资料,文件名:WISERUNION_白皮书_V1.0.md。

[R188] WISERUNION(2026)。《WISERUNION利益相关者资本治理白皮书》。V3.0,2026年9月13日,研究、战略与项目建设白皮书,内部工作资料,文件名:WISERUNION_白皮书_V3.0.md。用于本轮项目规划与工作分类更新,不作为业务已经运行或理论效果已经验证的证据。

[R189] WISERUNION(2026)。《WISERUNION经济模型》。六篇二十四章、九十六节合稿,2026年9月13日形成的工作文本,内部资料,文件名:WISERUNION_经济模型_合稿.md;本书于2026年9月14日核对。各机制及参数依稿内状态判断,不因合稿完成而生效或启用。

E04于2026年10月9日重新核对同名现行文件,文件更新至2026年9月22日,仍为六篇二十四章、九十六节及八项附录。开篇区分WIS通用机制算例与NST 0号组织WSUN实例;双路径方案另见R195,不推定已全部整合入本合稿。前次核对日期保留为编写历史。

[R190] WISERUNION(2026)。《WISERUNION基本法——共同创造、共同成长的治理原则》。草案V0.2,2026年9月13日,文件编号WISERUNION-CHARTER-DRAFT-V0.2,内部资料,文件名:WISERUNION_基本法_草案_V0.2_20260913.md。正式采纳及生效仍需依实际主体、权限和程序落实。

[R192] WISERUNION(2026)。《WISERUNION利益相关者资本治理白皮书》。V4.0,2026年9月14日,文件编号WISERUNION-WP-V4.0,内部建设资料,文件名:WISERUNION_白皮书_V4.0.md。本书2026年10月9日核对其设计;该版本仍含对基本法V0.2的历史引用,不作为业务状态或机构资格重新核验。

[R193] WISERUNION(2026)。《WISERUNION基本法——共同创造、共同成长的治理原则》。草案V0.4,2026年9月21日,文件编号WISERUNION-CHARTER-DRAFT-V0.4,十二章58条,内部资料,文件名:WISERUNION_基本法_草案_V0.4_20260921.md。第55、58条规定正式采纳与登记;本书2026年10月9日核对草案,不确认已经生效。

[R194] WISERUNION(2026)。《WISERUNION NST 0号组织|WSUN代币与资金参数表》。V1.0,2026年9月22日,内部实例主记录,文件名:WISERUNION_NST0号组织_WSUN代币与资金参数表.md。用于区别实例与通用算例,并核对来源、预留、状态及启用条件;不将规划预算、参数确认或演示场景作为资金、部署及交易已经发生的证据。

[R195] WISERUNION(2026)。《WISERUNION双路径经济模型与利益相关者长期资本账户方案》。V1.0,2026年9月22日,内部设计资料,文件名:WISERUNION_双路径经济模型与利益相关者长期资本账户方案.md。用于可选择的A、B计划、拟设持股平台和权益接续;不证明公司设立、股份发行、授予开放或SPAC交易已经完成。

本轮补登记的历史设计资料

以下十项均为未单独出版的内部历史资料。具体署名、文件标签与查阅范围分别登记;同源汇编和导图不计作多份独立效果证据。当前正式姓名依据作者确认,未核定署名的材料继续标明其状态。

[R200] Andrew David W.Y.(蔚腾飞;原图署名DAVID WEI或WISERUNION,无确定成稿日期)。《0智库汇总》。历史研究与设计资料汇编,文件名:0智库汇总.pdf。本轮核对PDF第17、20、21、309页。PDF导出日期不作为思想首创日期,汇编内容不一概归为个人原创。 本轮选段核对日期:2026年10月10日。

[R201] Andrew David W.Y.(蔚腾飞;有关对象署名“新浪微博@蔚腾飞”,无确定成稿日期)。《0智库工作流程图》。历史设计资料,文件名:0智库工作流程图.key;核对Index/Slide-217084.iwa与Index/Slide-1.iwa文字对象。对象编号不是展示页码,本轮未重建全部版面。 本轮选段核对日期:2026年10月10日。

[R202] Andrew David W.Y.(蔚腾飞;创作者账户为“腾飞 蔚”,无确定节点初创日期)。《商业模式梳理工具》。历史思维导图,文件名:00Business model carding tool商业模式梳理工具.mmap;核对Document.xml的共愿共利节点与作者属性。账户关联不证明全部节点独创。 本轮选段核对日期:2026年10月10日。

[R203] Andrew David W.Y.(蔚腾飞;同稿另有“作者:蔚腾飞”署名,无确定成稿日期)。《利益相关者资本论》历史设计稿。文件名:2-利益相关者资本论.key;核对Index/Slide-4196823-2.iwa“理论体系建设”与Index/Slide-4196824-2.iwa署名对象。五载体方法按本书范围重新整理,不沿用旧稿资本权益安排。 本轮选段核对日期:2026年10月10日。

[R204] 作者提供的历史资料(独立署名未核定,无确定成稿日期)。《商业模式策划说明》。文件名:商业模式策划说明.pdf;核对PDF第2、11页,另作全文文字提取。项目组织方式仅作为设计参照,不认定为作者个人首创或已取得经营效果。 本轮选段核对日期:2026年10月10日。

[R205] Andrew David W.Y.(蔚腾飞;创作者账户为“腾飞 蔚”,无确定成稿日期)。《治理团队制度设计》。历史思维导图,文件名:2线-治理团队制度设计.mmap;核对Document.xml中“制定分配股权的里程碑—分股权的方法”节点与创作者属性。原件涉及股权;本书将两种口径限定为获授权的新资源安排,不认定旧设计已经生效。 本轮选段核对日期:2026年10月10日。

[R206] Andrew David W.Y.(蔚腾飞;创作者账户为“腾飞 蔚”,无确定成稿日期)。《区块链去中心化分散自治组织通证经济》。历史思维导图,文件名:2线-区块链去中心化分散自治组织通证经济.mmap;核对Document.xml中生态建设、贡献机会与计算标准节点。本书借鉴任务开放与前瞻权重,不采用贡献自动转股、按分值确定治理权等旧安排。 本轮选段核对日期:2026年10月10日。

[R207] 作者提供的历史工具资料(有关页面无独立署名,无确定成稿日期)。《工具》。文件名:工具.key;核对Index/Slide-3498572.iwa的企服设计、解决方案库与方法研究对象。它不是WISERUNION已经运行的研究组织记录,本书作机制改编。 本轮选段核对日期:2026年10月10日。

[R208] Andrew David W.Y.(蔚腾飞,2023年标示版本)。《现代商业模式版图》。第23版,图内标示2023年6月;文件名:商业模式图V2.0.pdf,PDF第1页。原图明确说明以Osterwalder与Pigneur的商业模式画布为基础,由蔚腾飞重绘;标示日期与版次不是独立优先权证明。 本轮选段核对日期:2026年10月10日。

[R209] 作者提供的历史教学资料(无确定成稿日期)。《孵化器课程》。文件名:孵化器课程PPT1.12.pdf;核对PDF第18页的四大生态、六套体系与二十一板块及画布基础说明。该页支持模型设计内容的辨认,不证明教学开展或模型效果。 本轮选段核对日期:2026年10月10日。

[R210] 项目方提供的内部战略资料(成稿日期未确定)。《百亿枫资本战略及执行方案》。文件名:百亿枫资本战略及执行方案 9.13日越南 KING使用.pptx;共309页,页码按PPT物理页序。此次采用第83页订单、业务与资金记录关联的设计,以及第248页所收录的需求、项目与能力联动思路。两处经专题提取稿及原页图文定向核对,核对日期为2026年10月19日。第248页属于所收录的外部政策背景材料,不据此认定项目方原创;文件名日期不作为全部内容形成时间。来源用于方法改编,不证明系统部署、合作生效或经营效果。

未单独出版的项目沟通资料

第27章最初依据项目方关于产品、平台、金融与文化战略的补充说明撰写,沟通记录日期为2026年9月10日;2026年9月14日曾按白皮书V3.0、经济模型合稿及基本法V0.2草案更新。本次E04采用2026年10月9日核对的白皮书V4.0、基本法V0.4草案、更新至9月22日的经济模型及两份后续方案,保留文化资料只是部分参考的说明。旧版资料保留为编写历史;同源设计文件不计为多份独立效果证据。


本版书目初次整理日期为2026年9月10日;后续新增及修订资料按相应条目和注释标记核对日期。项目资料此前于2026年9月14日核对,本轮五份建设资料核对截止日为2026年10月9日;这不表示对全部历史来源或项目业务状态重新完成核验。E05于2026年10月9日完成书目与注释登记及关键来源定向复核,实际查阅范围、页码处理和未核事项见本轮审校清单;未把全部书目登记等同于全文核验。资料使用原则参见附录十三 资料引用、论证与证据使用规范。

历史设计来源的本轮选段核对截止日为2026年10月10日。新增十项内部资料用于说明作者方法、模型借鉴与设计线索,不新增效果验证结论,也不替代E05未完成的来源收尾。

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