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The construction of top management as a good steward: A study of Swedish annual general meetings
Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
2007 (English)In: Accounting, Auditing & Accountability Journal, ISSN 0951-3574, E-ISSN 1368-0668, Vol. 20, no 5, 702-728 p.Article in journal (Refereed) Published
Abstract [en]

The aim of this paper is to investigate how top management is constructed as a good steward of its company at the annual general meeting (AGM) and how accounting is used in the course of this process.

Place, publisher, year, edition, pages
2007. Vol. 20, no 5, 702-728 p.
Keyword [en]
Accounting, Annual general meetings, Investors, Sweden
National Category
Business Administration
URN: urn:nbn:se:uu:diva-13171DOI: 10.1108/09513570710779018OAI: oai:DiVA.org:uu-13171DiVA: diva2:40941
Available from: 2008-01-21 Created: 2008-01-21 Last updated: 2013-06-20Bibliographically approved
In thesis
1. Accounting, Stock Markets and Everyday Life
Open this publication in new window or tab >>Accounting, Stock Markets and Everyday Life
2007 (English)Doctoral thesis, comprehensive summary (Other academic)
Abstract [en]

The backdrop of this dissertation is one ubiquitous element of everyday life: the stock market. Traditionally, accounting and stock markets are logically coordinate entities and this thesis analyzes how accounting supports private investors in their role as shareholders – as investors in shares and owners of companies. This analysis is carried out in four independent essays. The first two essays analyze the privatization of Telia, a former state-owned Telecommunication Company in Sweden that went public in 2000. The field material for the two essays consisted of newspaper articles, government bills and interviews. Qualitative and quantitative analyses demonstrate how accounting is used among different actors to realize the privatization. Theoretically, the first two essays lend themselves to the governmentality debate as introduced to accounting research by Miller and Rose (1990). The third and fourth essays are analyses of annual general meetings (AGMs). The field material was generated from a study of participants at 36 AGMs during the spring of 2004.

The choice of these two seemingly unrelated cases was done deliberately. Both cases are stock market events that typically involve an audience of a large number of non-professional investors. In the privatization of Telia over 1 million people took part in the offer. The AGMs are typically seen as the single event by which non-professional investors have an opportunity to meet with top management. Thus, each event represents an instance in which accounting is confronted by a predominantly non-professional audience.

The contribution of this study is two-fold. First, earlier work inspired by the Miller and Rose framework (1990) has favored an analysis of the programmatic. This study develops the technological aspect of the theoretical framework by means of a rich empirical description. In addition the two essays on the privatization of Telia contribute with an analysis of how once a specific technology translates to become and becomes understood at the site of intervention. Second, the two studies of AGMs contest earlier criticism against the meeting as a corporate governance mechanism detached from the overall corporate governance system. The argument here is that the AGM offers a valuable setting for private investors to discuss stewardship issues. That this opportunity is taken advantage of is suggested by the present field material.

Place, publisher, year, edition, pages
Uppsala: Företagsekonomiska institutionen, 2007. 51 p.
Doctoral thesis / Företagsekonomiska institutionen, Uppsala universitet, ISSN 1103-8454 ; 125
Business studies, Accounting, Actor Network Theory, Annual General Meetings, Private Investors, Sociology of Translation, Företagsekonomi
urn:nbn:se:uu:diva-7750 (URN)
Public defence
2007-12-12, Hörsal 1, Ekonomikum, Kyrkogårdsgatan 10, Uppsala, 13:15 (English)
Available from: 2007-11-19 Created: 2007-11-19 Last updated: 2013-06-20Bibliographically approved

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