Version 1
: Received: 14 August 2024 / Approved: 15 August 2024 / Online: 15 August 2024 (12:18:10 CEST)
How to cite:
Vermeersch, L.; Ngomsik, A.-F. Beyond the financial balance sheet: Embracing the Triple Bottom Line for Sustainable Business Success. Preprints2024, 2024081147. https://doi.org/10.20944/preprints202408.1147.v1
Vermeersch, L.; Ngomsik, A.-F. Beyond the financial balance sheet: Embracing the Triple Bottom Line for Sustainable Business Success. Preprints 2024, 2024081147. https://doi.org/10.20944/preprints202408.1147.v1
Vermeersch, L.; Ngomsik, A.-F. Beyond the financial balance sheet: Embracing the Triple Bottom Line for Sustainable Business Success. Preprints2024, 2024081147. https://doi.org/10.20944/preprints202408.1147.v1
APA Style
Vermeersch, L., & Ngomsik, A. F. (2024). Beyond the financial balance sheet: Embracing the Triple Bottom Line for Sustainable Business Success. Preprints. https://doi.org/10.20944/preprints202408.1147.v1
Chicago/Turabian Style
Vermeersch, L. and Audrey-Flore Ngomsik. 2024 "Beyond the financial balance sheet: Embracing the Triple Bottom Line for Sustainable Business Success" Preprints. https://doi.org/10.20944/preprints202408.1147.v1
Abstract
Our decisions today are part of an economic thinking which aims to fix problems and increase the efficiency of capital markets. Our economy is still largely approached as a system which is unre-lated to our environment or social returns like community well-being, social cohesion, equitable distribution of resources, etc. To fully incorporate sustainability into cost-benefit analysis, busi-nesses need to change their financial approach, showcasing how long-term thinking impacts prof-its. Money's value is not static and evolves with time and technology. We propose to introduce a variation of cost/benefit and present value calculations. Precise calculations reveal the benefits of long-term strategies over short-term profit focus. As financial systems evolve and technology advances, the accurate calculation of money's time value will continue to play a crucial role in shaping economic landscapes and guiding financial choices. In this article, we demonstrate that updated calculations could be a key enabler to visualize the benefits of long-term thinking or “patient finance” as compared to a short-term focus on profit. We introduce the concept and calculation of a Present Future Value (PFV).
Keywords
TVM (Time Value of Money); Sustainable Prosperity; Innovation; CBA (Cost-Benefit Analysis); Patient Finance
Subject
Business, Economics and Management, Business and Management
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
