The article examines the fundamental indicators of the value-based management (VBM) approach from the perspective of their applicability to Russian commercial corporate entities in the form of limited liability companies and joint-stock companies. The research conducted within the scope of this article was carried out through the lens of the interests of participants in these organizations with the aim of actualizing and generalizing the fundamental indicators of the approach under consideration, as well as establishing the feasibility of applying the principles proposed within this approach in a domestic context. Methods of analysis, comparison, synthesis, classification, data collection and synthesis, and graphical representation of information were employed in the study. The informational basis for the study consists of foreign works by developers and popularizers of the approach in question, as well as works by domestic scholars and Russian corporate law. In the course of our research, we have identified the forms of revenue that participants in the organization may claim, as well as identified and classified fundamental VBM indicators based on their essence and algorithms for their calculation. The article presents algorithms for calculating the indicators under study and analyzes their applicability for the subjects under review, taking into account the criteria highlighted. It also identifies different approaches to calculating the same indicators used by various researchers. Based on the results of our study, we confirmed the hypothesis proposed by the authors regarding the inapplicability of these indicators to Russian commercial organizations, which indicates a need to develop new indicators for a value-based management approach or adapt existing ones to address this issue.
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