o:28625 Value-vased management, long term sustainability and corporate social responsibility en Abstract: Today’s companies, especially large multinationals, are supposed to be financially successful in accordance with the shareholders’ expectations, to operate in compliance with the requirements of sustainable development, taking into account the interests of future generations, as well as to act in a socially responsible manner, serving the interests of key stakeholders, including the interests of the community. In such circumstances, managers are expected to create enough value to satisfy all these interests. The adoption of Value-Based Management (VBM) approach has contributed to a better understanding of shareholders and managers and the alignment of their interests. In this paper, we analyze the compatibility of VBM with the requirements of other stakeholders, including the requirements regarding sustainability and corporate social responsibility. In this context, it could be said that a broader concept of VBM further enhances the interest- based logic behind the corporations’ functioning, but at the same time it enables the integration of the requirements related to sustainability and corporate social responsibility. Key words: value-based management, value creation, sustainability, corporate social responsibility, growth 1552099 10.22190/FUEO210618025M 1552101 0354-4699 2023-04-06T12:27:00.040Z 44 no 46 Dejan Malinić Univerzitet u Beogradu Ekonomski fakultet 12599399 0000-0001-5525-1278 application/pdf 437702 https://phaidrabg.bg.ac.rs/o:28625 no yes 18 70 92000001 11A03 Facta universitatis. Series: Economics and organization 18 4 357 367 2021