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  • 1.
    Aaltonen, Suvi
    et al.
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    Rekilä, Elina
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    Analysis of Companies' Attitudes Towards Recruitment of Skilled Refugees in Finland2016Independent thesis Advanced level (degree of Master (Two Years)), 20 credits / 30 HE creditsStudent thesis
    Abstract [en]

    Migratory flows have escalated especially during the past year. In general, the current refugee crisis has formulated both negative and positive stances towards refugees. In consequence of various perspectives, it was seen relevant to spread awareness of the skilled refugees as a potential workforce. Subsequently, this thesis concentrates on analysing companies' attitudes of skilled refugees’ employment in Finland. In relation to a recent German study, reflections towards refugees' employment are made.

    The attitudinal scope of this thesis refers to the complexity of the topic. Companies' stances were examined by setting 'bipolar attitude pairs' to enable thematic analysis. The key findings suggest a strong indication to openness towards hiring skilled refugees. However, the results demonstrate a solid correlation with criticality in regard to the plausibility of skills. Facilitating employment of skilled refugees are not seen as a top priority for most of the companies, partially due to lacking multicultural work communities and the experience of hiring foreigners in Finland. 

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  • 2.
    Aarenstrup, Jesper
    et al.
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    Lagerström, Adam
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    Evaluating Business Intelligence Investments: is comparative evaluation enough?2018Independent thesis Advanced level (degree of Master (One Year)), 10 credits / 15 HE creditsStudent thesis
    Abstract [en]

    The purpose of the study is to evaluate and describe how three large companies with Swedish presence have coped with the investment appraisal ex-ante a purchase of a BI system. Further, the paper strives to investigate how the companies evaluated the perceived benefits, which are of intangible nature and hence difficult to quantify. 

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    Evaluating Business Intelligence Investments,Aarenstrup&Lagerstom
  • 3.
    Aasa, Johannes
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    Blir det bättre med tiden?: En studie av Large cap-noterade bolags nedskrivningsprövningar av goodwill2014Independent thesis Advanced level (degree of Master (One Year)), 10 credits / 15 HE creditsStudent thesis
    Abstract [sv]

    År 2005 beslutades att svenska företag vars aktier är noterade på en reglerad marknadsplats ska upprätta sina årsredovisningar enligt regelverket IFRS. En av många förändringar som detta medförde var att den immateriella illgången goodwill årligen ska nedskrivningsprövas, istället för att som tidigare linjärt avskrivas. För att utföra en nedskrivningsprövning måste ett företag värdera goodwill. Det inbegriper att fastställa en rad antaganden och precisera nyckeltal. Information om processen ska enligt standarden IAS 36 finnas att tillgå i företagets årsredovisning. Syftet med denna uppsats är att undersöka om svenska företag noterade på Large cap-listan har blivit bättre på att uppfylla informationskraven som preciseras i IAS 36 mellan år 2006 och år 2012. Studien omfattar de företag på Large cap-listan som innehar goodwillposter i år 2006 och 2012 års årsredovisningar, exklusive företag som tillhör branschen Healthcare. Resultatet från undersökningen påvisar en förbättring mellan de två undersökta åren för samtliga branscher. Det betyder att intressenter som vill läsa företagens finanisella rapporter har mer och bättre information om goodwill att tillgå.

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    Blir det bättre med tiden?
  • 4.
    Aasen, Simon
    et al.
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    Skogli, Karin
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    Har marknaden klimatångest?: En studie om hur svenska aktiemarknaden reagerade på släppet av FN:s klimatrapport sommaren 20212022Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
    Abstract [en]

    The United Nations Intergovernmental Panel on Climate Change (IPCC) released a report on climate change in August of 2021. The report has been seen as a "code red" for humanity's fight against climate change. Previous research shows that climate and environmental events can result in abnormal stock returns for sustainable investments. However, a similar study is missing for the Swedish market and in this study we investigate if the publication of the report from IPCC 2021 had an impact on the return on the Stockholm Stock Exchange. We conduct an event study to see the stock market reactions for the entire stock exchange, as well as for sustainable and less sustainable stocks. No significant results could be observed and we therefore conclude that the Swedish stock market did not react to the release of the IPCC report. 

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  • 5.
    Abazi, Doresa
    et al.
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    Vasilevski, Daniella
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    Management Control in Swedish healthcare: A study of how cost control affects physicians' performance and their ability to maintain patient safety2022Independent thesis Advanced level (degree of Master (Two Years)), 10 credits / 15 HE creditsStudent thesis
    Abstract [en]

    The purpose of this study is to gain insight into how cost control affects physicians’ performance in terms of motivation and dysfunctional behaviour, and their ability to maintain patient safety. In the study, a qualitative method was used and four participants from Danderyd hospital were interviewed with semi-structured questions to gain material to answer the research question. In order to analyse the data, transcriptions of the interviews were made, and a thematic analysis method was used. Based on the analysis, four main themes emerged; Cost control, Motivation, Change in Behaviour and Patient safety.

    Among the physicians, results showed that physicians’ performance is negatively affected by cost control, resulting in decreased patient safety. Motivation was found to be indirectly affected and dysfunctional behaviours were found to be negatively affected by cost control. Resulting of cost control, physicians cannot fulfil their ethical obligations and perform more poorly because resources are decreased, primarily due to lack of care beds. Furthermore, the findings indicate that patient safety is negatively affected by the influence of cost control on dysfunctional behaviour. There is no adverse effect of cost control on patient safety when it comes to motivation.

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  • 6.
    Abdo, Johanna
    et al.
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    Gustavsson, Camilla
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    Controllerns funktion en studie av business controllerns arbetsuppgifter2005Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
    Abstract [sv]

    Undersökningen visar att en business controller i större utsträckning arbetar med analys och omvärldsbevakning än tidigare, vilket kräver att de tar hänsyn till både intern och extern information. Samtidigt har de inte helt övergivit redovisningsrelaterade arbetsuppgifter eftersom att det är en viktig del av den ekonomiska verksamheten, som business controllern behöver en övergripande förståelse för. En aspekt som påverkar business controllerns arbetsuppgifter i stor utsträckning är personalansvar.

  • 7.
    Abdo, Johanna
    et al.
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    Gustavsson, Camilla
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    Hur ser revisorn på sitt oberoende?: En caseundersökning utifrån analysmodellen2006Independent thesis Advanced level (degree of Master (One Year)), 10 credits / 15 HE creditsStudent thesis
    Abstract [sv]

    En förutsättning för att revisorer ska kunna säkra tilltron till de granskande företagen är att de uppfattas som oberoende. En av anledningarna till att det är intressant att undersöka revisorns oberoende är att analysmodellen, som är ett verktyg för att säkra detta, lagstadgades för fyra år sedan, och vi förutsätter att den nu har förankrats bland revisorerna i Sverige. Frågor som tittas närmare på i undersökningen är om det är möjligt för en revisor att uppehålla sitt oberoende samtidigt som denne uppfyller kundernas krav, och hur revisorerna tolkar regleringen kring oberoende i sitt arbete. Undersökningen baseras på analysmodellens fem huvudsakliga oberoendehot. Studien genomförs genom att presentera ett case för godkända och auktoriserade revisorer, som efterföljs av en diskussion.

    Resultaten av undersökningen visar att revisorernas verklighet skiljer sig från befintliga regelverk i vissa hänseenden. I många situationer är en revisor mer överseende än vad lagens riktlinjer är. I slutändan är det upp till revisorn själv att avgöra vart gränserna går för revisorns oberoende, vilket kan ifrågasätta analysmodellens existens.

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    FULLTEXT01
  • 8.
    Abdulrahman, Jovan
    et al.
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    Sun, Likun
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    The potential effects of the new FDI screening mechanism on Chinese FDI in Sweden2023Independent thesis Advanced level (degree of Master (One Year)), 10 credits / 15 HE creditsStudent thesis
    Abstract [en]

    Background: Regulation (EU) 2019/452 provides a European Union framework for the screening of direct investments from non-EU countries on the grounds of security or public order. It has taken effect for three years; however, Sweden is at a stage of preparatory to enact such a mechanism. This is targeted at foreign direct investments from third-world countries, Chinese companies being one of the main investors in Sweden. However, there are conflicting views on this new regulation and an overall lack of research regarding how the Regulation (EU) 2019/452 may potentially impact Chinese outbound foreign direct investment in Sweden due to the highly dynamic legal and business environment that exists in the EU and China, respectively. Sweden is one of the EU member states that has been attracting Chinese FDI in the past decade – for example, many famous Swedish companies have been acquired partially or wholly, such as Volvo Cars, Volvo AB, Polestar, Oatly, Spotify, Nevs and Acne.

    Purpose: Our research focus of the relationship between the new EU FDI screening regulation and China outward FDI to EU. As China as a rising player in EU, it is interesting to assess whether Chinese investors are potentially affected by the EU FDI Screening from Sweden point of view. 

    Method: We are mainly conducting quantitative and qualitative analysis based on the historical 65 M&A cases happened from 2002 to 2019, including 51 Chinese majority acquisitions of Swedish parent companies and 14 minority acquisitions, which these mino­rity holdings are included, as many are large investments and may lead to an investor’s becoming the single largest owner in a company. The identified M&A cases are analysed and categorized according to the Regulation Article 4’s specific requirement. We analyse various aspects to get insights of the potential impacts of the Regulation to China FDI in Sweden.

    Conclusion:  In Sweden, we believe that the Regulation and the upcoming screening mechanism may not affect Chinese FDI in Sweden drastically due to the changes in Chinese FDI strategy and motivations from cross-border M&A to greenfield investment, and change in the role of Chinese SOEs acquiring from strategic assets to industrial and consumer advance technology. And other inferred likelihood may include, the possibility of circumventing FDI screening through portfolio investment and direct ownership and transfer of technology and assets.

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  • 9.
    Abdulreda, Alico
    et al.
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    Giba, Gabriela
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    Generation Y: En studie om vad som motiverar yngre medarbetare2017Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
    Abstract [en]

    Generation Y or Millennials are people born 1980-1999. They are raised with a more advanced technology like no other generation before them. The technology has affected the individuals from generation Y in a way which has led them to become impatience. Studies have shown that people in generation Y are very emotional compared to other generations before them. Individuals from generation Y are already entering the labour market. Studies have shown that if an organisation wants to have a bright future the employees are a very important access. A leader who knows how to motivate and lead his co-workers has a great asset which may have a positive impact on the organisation. The purpose of this study is to understand what motivates people who are included in generation Y and what kind of leadership suits them best. Most of the theoretical framework came from scientific articles with theories and models of motivation and leadership for generation Y. Semi-structured interviews were chosen for the research method to get right information. The result of the study showed that generation Y is mostly motivated by inner motivation and prefer a leader who can adapt to the many work situations that can occur in the organisations.

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  • 10.
    Abedian, Emil
    et al.
    Uppsala University, Humanistisk-samhällsvetenskapliga vetenskapsområdet, Faculty of Social Sciences, Department of Business Studies.
    Mattsson, Mattias
    Uppsala University, Humanistisk-samhällsvetenskapliga vetenskapsområdet, Faculty of Social Sciences, Department of Business Studies.
    Revisionsplikt: Mikroföretagens inställning till revision och revisorer2005Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
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    FULLTEXT01
  • 11.
    Abedian, Emil
    et al.
    Uppsala University, Humanistisk-samhällsvetenskapliga vetenskapsområdet, Faculty of Social Sciences, Department of Business Studies.
    Pettersson, Helene
    Uppsala University, Humanistisk-samhällsvetenskapliga vetenskapsområdet, Faculty of Social Sciences, Department of Business Studies.
    "REVISORN SKA INTE BEHÖVA VARA NÅGON STÅLMANNEN": En efterfrågestudie av revisorsproven2005Independent thesis Advanced level (degree of Master (One Year)), 10 credits / 15 HE creditsStudent thesis
  • 12.
    Abonyi, Balazs
    et al.
    Uppsala University, Humanistisk-samhällsvetenskapliga vetenskapsområdet, Faculty of Social Sciences, Department of Business Studies.
    Johansson, Martin
    Uppsala University, Humanistisk-samhällsvetenskapliga vetenskapsområdet, Faculty of Social Sciences, Department of Business Studies.
    "Die deutsche Welle""Den tyska vågen": En studie om nya trender i investeringsflöden från Tyskland till Sverige2006Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
  • 13.
    Abonyi, Balazs
    et al.
    Uppsala University, Humanistisk-samhällsvetenskapliga vetenskapsområdet, Faculty of Social Sciences, Department of Business Studies.
    Johansson, Martin
    Uppsala University, Humanistisk-samhällsvetenskapliga vetenskapsområdet, Faculty of Social Sciences, Department of Business Studies.
    Let's get social on the way to the market: A study of German companies' internationalization proceses2007Independent thesis Advanced level (degree of Master (One Year)), 10 credits / 15 HE creditsStudent thesis
    Abstract [en]

    Germany and Sweden have been significant trade partners throughout history, which has even strengthened during the last decades. Many German firms have established their business in Sweden and vice versa. The Uppsala model has often been used to describe the way a company becomes international. However, in recent years there has been a demand for a new perspective that also takes the social aspect of internationalization into account. This paper focuses on these two approaches and tries to combine them. We have conducted a survey amongst German companies that are members in the Swedish-German Chamber of Commerce and also conducted an interview with the CEO of the Chamber Dipl.Ing. Klaus Bohler. We analyzed our answers and presented our conclusions, which suggests that a significant part of the firms questioned relied on their former social ties when they decided about entering the Swedish market. However, the mode of entry was not influenced remarkably. Furthermore, we concluded that the German counterparts were more active in seeking business opportunities; in more than 60 percent of the cases the initiative was taken by the German seller.

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    FULLTEXT01
  • 14.
    Abou Ramadan, Ibrahim
    et al.
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    Bergström, Peter
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    Trenden inom den frivilliga miljöredovisningen: - En studie om hur företagens storlek och branschtillhörighet påverkar trenden2012Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
    Abstract [sv]

    Det har blivit allt vanligare att företagen redovisar om deras miljöpåverkan samt hur de Arbetar för att minska deras miljöpåverkan. Att företag frivilligt publicerar miljöredovisningar har skapat en diskussion bland forskare, som försöker att besvara frågor som varför företag frivilligt redovisar om deras miljöpåverkan samt hur olika företagsegenskaper påverkar miljöredovisningen. Denna undersökning syftar till att testa om legitimitetsteorin kan förklara sambandet mellan samhällets miljömedvetenhet och företagens miljöredovisning samt undersöka hur egenskaperna storlek och branschtillhörighet påverkar detta samband. Undersökningen bygger på miljöredovisningar hämtade från årsredovisningar och CSR redovisningar för 144 börsnoterade svenska företag från åren 2005 och 2011.  Antalet sidor och innehållet i miljöredovisningarna analyserades med hjälp av en innehållsanalys. Resultatet av denna undersökning tyder på att legitimitetsteorin kan förklara sambandet mellan samhällets miljömedvetenhet och företagens miljöredovisning, samt att företagens storlek och branschtillhörigheten tycks påverka sambandet. Företagens storlek och branschtillhörighet tycks påverka både antalet sidor och innehållet i miljöredovisningen.

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    AbouRamadan & Bergström
  • 15.
    Abou-Reslan, Linda
    et al.
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    Pehrson, Sandra
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    Risk and Risk Management in Swedish fintech startups2019Independent thesis Advanced level (degree of Master (Two Years)), 20 credits / 30 HE creditsStudent thesis
  • 16.
    Abraha, Desalegn
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    Establishment Processes in an Underdeveloped Country: The Case of Swedish Firms in Kenya1994Doctoral thesis, monograph (Other academic)
  • 17.
    Abraha, Desalegn
    Uppsala University, Humanistisk-samhällsvetenskapliga vetenskapsområdet, Faculty of Social Sciences, Department of Business Studies.
    The Establishment Processes of Swedish Firms in Kenya-Eight Cases.1989Report (Other scientific)
  • 18.
    Abrahamson, Martin
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    Birds of a feather flock together: A study of new shareholders and Swedish IPOs2018In: Journal of Behavioral and Experimental Finance, ISSN 2214-6350, E-ISSN 2214-6369, Vol. 18, p. 1-17Article in journal (Refereed)
    Abstract [en]

    This paper analyzes new individual investors (rookies) and the importance of initial public offerings (IPOs)in attracting rookies to the stock market, which is an issue previous research has not focused on. The paperuses stock ownership records for publicly listed Swedish firms together with data on IPOs for the period2004–2010. We find the proportion of IPO investors among rookies to be larger than for non-rookies andthat rookies are more likely to invest in IPOs than non-rookies. Thus, IPOs appear to attract rookies to alarger extent than non-rookies. Moreover, rookies investing in IPOs have a higher income and hold largerstock portfolios, but they receive lower returns compared with other rookies. In addition, the results showthat even for rookies, sophisticated investors receive higher returns than less sophisticated investors.

  • 19.
    Abrahamson, Martin
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    Birds of a Feather Flock Together: First Time Investors and IPOs2015In: Proceedings of 10th Annual London Business Research Conference / [ed] Md. Mahbubul Hoque Bhuiyan, 2015Conference paper (Refereed)
    Abstract [en]

    Initial public offerings (IPOs) are firms entering the stock market, through offering shares to be publicly traded in the stock market for the first time. Similarly, first time stock investors (rookies) enter the stock market through buying shares. Investment decisions have been interesting to study both for academics and practitioners for decades. In this paper knowledge on IPOs and investment decisions of rookies are brought together. Moreover, rookies who chose to invest in initial public offerings (IPOs) as their entry to the stock market. The study is based on a hand-collected dataset of IPOs and of an ownership registry of all Swedish shareholders. The study shows that IPOs can serve as a first time investment for rookies, however, preferred together with other shares. Rookies investing in IPOs hold larger portfolios and have larger income than other rookies. IPOs attract rookies to larger extent than non-rookies. Thereby, through IPOs the stock market receives not only new firms but also new investors.

  • 20.
    Abrahamson, Martin
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    Finansmarknaden fungerar inte som du tror2021In: Organisation & Samhälle, ISSN 2001-9114, E-ISSN 2002-0287, no 2, p. 60-63Article in journal (Other academic)
    Abstract [sv]

    Flockbeteende, hybris, timing och brist på diversifiering gör att småsparare underpresterar på börsen.

  • 21.
    Abrahamson, Martin
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    Offer Price and Ownership Structure: A Study of Shareholders in Swedish IPOs 2006–2016Manuscript (preprint) (Other academic)
    Abstract [en]

    This study uses the stock ownership records of Swedish firms and hand-collected Initial Public Offerings (IPOs) data to analyze the offer prices and underpricing of IPO shares and the relationship with the post-IPO ownership structure. The results show that for IPO stocks with low offer prices, individual investors hold a relatively large fraction of shares compared with IPO stocks with higher offer prices. Furthermore, for low-priced IPOs, there is a negative relationship between offer price and breadth of ownership, showing that stocks with a low price can attract more investors than stocks with higher offer prices. However, there is also a size effect, with breadth of ownership being higher for larger firms. Overall, this study shows that the offer price of an IPO firm may have a moderate effect on its post-IPO ownership structure.

  • 22.
    Abrahamson, Martin
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    Offer Price and Ownership Structure: A Study of Shareholders in Swedish IPOs 2006–20162019In: Southwestern Finance Association Annual Meeting / [ed] Prof. Thomas Thompson, Houston, 2019Conference paper (Refereed)
    Abstract [en]

    This paper analyzes the relationship between initial public offerings (IPOs) and the post-IPO ownership structure of these firms. The study uses the stock ownership records of Swedish firms together with hand-collected IPO data to analyze the nominal offer prices of IPO shares and the relationship with their post-IPO ownership structure. The results show that for IPO stocks with low offer prices, individual investors hold a relatively large fraction of the shares compared with IPO stocks with higher offer prices. Furthermore, for low-priced IPOs, there is a negative relationship between offer price and breadth of ownership. However, there is also a size effect, with the breadth of ownership being higher for larger firms. Overall, this study shows that firms can affect their post-IPO ownership structure when setting their offer price.

  • 23.
    Abrahamson, Martin
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies. Faculty of Business, Kristianstad University, Elmetorpsv. 15, 291 88 Kristianstad, Sweden.
    Offer Price and Post-IPO Ownership Structure2024In: Journal of Risk and Financial Management, E-ISSN 1911-8074, Vol. 17, no 2, p. 61-61Article in journal (Refereed)
    Abstract [en]

    In an initial public offering (IPO) the firm can set the offer price of its shares, based on the valuation of the firm, by changing the number of shares. This study uses stock ownership records and hand-collected IPO data to analyze the offer prices, the underpricing of IPO shares (measured as the initial return, IR) and the relationship with the post-IPO ownership structure. Specifically, the paper focuses on individual IPO investors. The results show that for the lowest priced IPOs the IR is significantly higher priced IPOs. Furthermore, for the low-priced IPOs, there is a negative relationship between offer price and breadth of ownership. This implies that stocks with a low price can attract more investors than stocks with higher offer prices. However, for high-priced IPOs the relationship is positive, suggesting that also the IPOs with highest price attract more investors. Overall, this study shows that the offer price of an IPO firm may have a moderate effect on its post-IPO ownership structure.

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    Offer Price
  • 24.
    Abrahamson, Martin
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    Rookies Attracting Rookies2016Conference paper (Refereed)
    Abstract [en]

    This paper studies initial public offerings (IPOs) and the individual shareholders of IPO firms, with a focus on IPO investment decisions of individual investors (rookies) entering the stock market. The study, which uses a hand-collected dataset of IPOs and an ultimate ownership registry of all Swedish shareholders, analyzes the IPO investment decisions of rookies. This paper aims to analyze IPO investor characteristics but mainly focuses on the importance of IPOs in attracting stock market rookies. The results show that rookies investing in IPOs hold larger portfolios and have higher income than other rookies, indicating sophistication among IPO rookies compared with other rookies. Moreover, the proportion of IPO investors among rookies is compared to that of non-rookies, showing that IPOs attract rookies to a larger extent than non-rookies. IPOs therefore seem to play a previously overlooked role of attracting rookies to the stock market.

  • 25.
    Abrahamson, Martin
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    Rookies to the Stock Market2015In: Eastern Finance Association 2015 Program April 8-11, New Orleans / [ed] Professor Daniel Bradley, 2015Conference paper (Refereed)
    Abstract [en]

    “Rookies tothe Stock Market”Martin Abrahamson*Working paper, please do not quote or publish, without permission from the author [Version,March2015]

    This study focuses on individual investors entering the stock market “rookies”. A unique data set reflecting all individual investor holdings in Swedish stocks over the sample period 2004 to 2010 is used to examine portfolio preferences.Although the average shareholder is aging,the study shows signs of rejuvenation, since rookies are attracted to the stock market. The results show that the majority of the rookies choose one well-known company for their first stock market investment.The rookie characteristics show gender differences, where female rookies have lower income, are older but hold larger portfolios than their male equivalent.

  • 26.
    Abrahamson, Martin
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    Rookies to the Stock Market: A Portrait of New Shareholders2016In: Research In International Business and Finance, ISSN 0275-5319, E-ISSN 1878-3384, Vol. 38, no 3, p. 565-576Article in journal (Refereed)
    Abstract [en]

    This study examines individuals entering the stock market, “rookies.” The study uses unique ownership data, containing investor holdings of all listed Swedish firms over the sample period from 2004 to 2010, to examine rookies’ stock portfolios. In addition, this study explores investor sophistication among rookies, based on individual characteristics and portfolio composition. Although the average shareholder is aging and leaving the stock market, this study shows there are signs of rejuvenation, with rookies entering the stock market. The results show that the majority of rookies hold under-diversified stock portfolios and choose one large firm as their first stock market investment. Rookie characteristics display gender differences, in which the average female rookie has lower income, is older, but holds a larger stock portfolio than her male counterpart.

  • 27.
    Abrahamson, Martin
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    Shareholders and Cherry-Picking IPOs: Studies on Shareholders, Initial Public Offerings and Firm Ownership Structure2020Doctoral thesis, comprehensive summary (Other academic)
    Abstract [en]

    This dissertation explores investor characteristics and shareholdings of publicly traded Swedish firms. The dissertation consists of an introductory chapter, three published papers, and one working paper. All four papers use Swedish data. Two of the studies examine initial public offerings (IPOs) and the ownership structure; one explores first-time shareholders, and one examines IPOs and first-time shareholders.

    Paper I studies IPOs with the focus on initial return, the allocation of the shares and inside holdings. The paper presents evidence on allocation of shares to institutional and individual investors. The paper highlights the information asymmetry between institutional and individual investors and shows a wealth transfer from old to new shareholders. The results also show that money left on the table is received primarily by institutions rather than individual investors.

    Paper II explores the characteristics of first-time shareholders (rookies). I portray the rookies of the stock market and present a model to explain portfolio characteristics. The results show that despite the trend of individuals leaving the stock market, there are new individuals investing in stocks. I also show that gender balance among individual shareholders is rather even, which contradicts approximations of previous studies in other countries. The paper also raises the concern of diversifying stock portfolios, as the average portfolio holds less than four shares for all individuals and less than two for rookies. 

    Paper III studies the relationship between IPOs and rookies. The paper highlights whether rookies invest in IPOs. The results show that besides bringing new firms to the stock market, IPOs contribute to that market, as they attract rookies to invest in the IPOs. The results also show that the return for rookies investing in IPOs is lower compared with rookies investing in non-IPOs.

    Paper IV studies the relationship between offer price and post-IPO ownership structure. The paper uses price groups and two definitions of breadth of ownership in the analyses. The results show that firms can affect their post-IPO ownership structure through the offer price.

    List of papers
    1. Allocation of shares to foreign and domestic investors: Firm and ownership characteristics in Swedish IPOs
    Open this publication in new window or tab >>Allocation of shares to foreign and domestic investors: Firm and ownership characteristics in Swedish IPOs
    2015 (English)In: Research In International Business and Finance, ISSN 0275-5319, E-ISSN 1878-3384, Vol. 34, p. 52-65Article in journal (Refereed) Published
    Abstract [en]

    In this article, we analyze underpricing of initial public offerings (IPOs) and holdings following offerings in Sweden. By exploiting a unique hand-collected data set with information on the ultimate holdings by institutional and individual investors, as well as boards of directors, we find, as most prior studies, that IPOs on average are underpriced. IPOs with low (high) initial return have higher (lower) holdings by individual investors. Institutional investors are, to a greater extent than individual investors, also able to identify underpriced firms.

    Place, publisher, year, edition, pages
    Elsevier, 2015
    Keywords
    Finance, IPO, Allocation, Underpricing, Investors, Breadth of Ownership, foreign
    National Category
    Business Administration Social Sciences
    Research subject
    Business Studies
    Identifiers
    urn:nbn:se:uu:diva-240313 (URN)10.1016/j.ribaf.2014.12.002 (DOI)
    Available from: 2015-01-07 Created: 2015-01-07 Last updated: 2020-06-12
    2. Rookies to the Stock Market: A Portrait of New Shareholders
    Open this publication in new window or tab >>Rookies to the Stock Market: A Portrait of New Shareholders
    2016 (English)In: Research In International Business and Finance, ISSN 0275-5319, E-ISSN 1878-3384, Vol. 38, no 3, p. 565-576Article in journal (Refereed) Published
    Abstract [en]

    This study examines individuals entering the stock market, “rookies.” The study uses unique ownership data, containing investor holdings of all listed Swedish firms over the sample period from 2004 to 2010, to examine rookies’ stock portfolios. In addition, this study explores investor sophistication among rookies, based on individual characteristics and portfolio composition. Although the average shareholder is aging and leaving the stock market, this study shows there are signs of rejuvenation, with rookies entering the stock market. The results show that the majority of rookies hold under-diversified stock portfolios and choose one large firm as their first stock market investment. Rookie characteristics display gender differences, in which the average female rookie has lower income, is older, but holds a larger stock portfolio than her male counterpart.

    Keywords
    Individual investor, Finance, Stock market, Stock portfolio, Rookie, Behavioral finance, New, First-time
    National Category
    Business Administration
    Research subject
    Business Studies
    Identifiers
    urn:nbn:se:uu:diva-300475 (URN)10.1016/j.ribaf.2016.07.001 (DOI)000386012800045 ()
    Available from: 2016-08-09 Created: 2016-08-09 Last updated: 2020-06-12Bibliographically approved
    3. Birds of a feather flock together: A study of new shareholders and Swedish IPOs
    Open this publication in new window or tab >>Birds of a feather flock together: A study of new shareholders and Swedish IPOs
    2018 (English)In: Journal of Behavioral and Experimental Finance, ISSN 2214-6350, E-ISSN 2214-6369, Vol. 18, p. 1-17Article in journal (Refereed) Published
    Abstract [en]

    This paper analyzes new individual investors (rookies) and the importance of initial public offerings (IPOs)in attracting rookies to the stock market, which is an issue previous research has not focused on. The paperuses stock ownership records for publicly listed Swedish firms together with data on IPOs for the period2004–2010. We find the proportion of IPO investors among rookies to be larger than for non-rookies andthat rookies are more likely to invest in IPOs than non-rookies. Thus, IPOs appear to attract rookies to alarger extent than non-rookies. Moreover, rookies investing in IPOs have a higher income and hold largerstock portfolios, but they receive lower returns compared with other rookies. In addition, the results showthat even for rookies, sophisticated investors receive higher returns than less sophisticated investors.

    Place, publisher, year, edition, pages
    Elsevier, 2018
    Keywords
    behavioral, finance, shareholder, individual, IPO, rookie
    National Category
    Business Administration
    Research subject
    Business Studies
    Identifiers
    urn:nbn:se:uu:diva-346135 (URN)10.1016/j.jbef.2018.01.002 (DOI)000436833000001 ()
    Available from: 2018-03-14 Created: 2018-03-14 Last updated: 2020-06-12Bibliographically approved
    4. Offer Price and Ownership Structure: A Study of Shareholders in Swedish IPOs 2006–2016
    Open this publication in new window or tab >>Offer Price and Ownership Structure: A Study of Shareholders in Swedish IPOs 2006–2016
    (English)Manuscript (preprint) (Other academic)
    Abstract [en]

    This study uses the stock ownership records of Swedish firms and hand-collected Initial Public Offerings (IPOs) data to analyze the offer prices and underpricing of IPO shares and the relationship with the post-IPO ownership structure. The results show that for IPO stocks with low offer prices, individual investors hold a relatively large fraction of shares compared with IPO stocks with higher offer prices. Furthermore, for low-priced IPOs, there is a negative relationship between offer price and breadth of ownership, showing that stocks with a low price can attract more investors than stocks with higher offer prices. However, there is also a size effect, with breadth of ownership being higher for larger firms. Overall, this study shows that the offer price of an IPO firm may have a moderate effect on its post-IPO ownership structure.

    Keywords
    corporate finance, IPO, ownership structure, Sweden, shareholder, offer price
    National Category
    Business Administration
    Research subject
    Business Studies
    Identifiers
    urn:nbn:se:uu:diva-412532 (URN)
    Available from: 2020-06-09 Created: 2020-06-09 Last updated: 2020-06-12Bibliographically approved
    Download full text (pdf)
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    presentationsbild
  • 28.
    Abrahamson, Martin
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    The Individual Investor and the Future Stock Market2013In: European Financial Management Association 2013 Annual Meetings: 2013 "Merton H. Miller" Doctoral Students Seminar / [ed] Professor John Doukas, 2013Conference paper (Refereed)
    Abstract [en]

    Individual shareholder investors are generally described in academic literature to act with a short investment horizon, have psychological biases and a typical herding behavior. Previous studies have distinguished between individual and institutional investors, their trading patterns and portfolio performance. This article focus on describing the individual investor over the time period 2004 to 2010, with a special interest in the new investors coming to the stock market during this period. Earlier studies focusing on individuals have mainly been based on either aggregated trading data by brokers and/or surveys, while I base my study on the actual individual holdings from the national central registrar. The database contains ownership information on all the directly owned shares in Sweden (approx.2 million investor portfolios).

    This study focus on individuals investing in the stock market for their first time during the latter years. Previous literature has described the individual investor to be declining and aging, which could be interpreted as the end of individual shareholders as stock market investors. If there is a future for the stock market as trading arena for individuals, there needs to be some rejuvenation amongst the shareholders. The study show that although the average shareholder is aging, which indicates that shareholders stick to their shares, there are new younger shareholders still attracted by the stock market. Preliminary results also suggest a decline in the gender imbalance amongst shareholders.

  • 29.
    Abrahamson, Martin
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies. Högskolan på Gotland.
    Who are They?: - The Swedish and other European Shareholders in Sweden, before and during the current financial crisis2013In: European Integration in Swedish Economic Research: The 15h Annual SNEE European Integration Conference in Mölle, Sweden May 21st-24th 2013 / [ed] Lars Oxelheim, 2013Conference paper (Refereed)
    Abstract [en]

    Early working idea of a paper, please do not quote or publish, without permission from the author

     First version, April 2013

    Individual shareholder investors are generally described in literature to act with a short investment horizon, have biases and a typical herding behavior. This article focus on describing the individual investor over the time period 2004-2010, with special interest in new domestic and European investors. Earlier studies of individuals have mainly been based on either aggregated brokerage data and/or surveys, this study is based on the actual individual holdings. The database contains ownership information on all the directly owned shares in Sweden (~ 2 million investor portfolios).

    The study focus on individuals, investing in the stock market for their first time, during the latter years. Previous literature describes the individual investors as declining and aging, which could be interpreted as the beginning of the end of individual shareholders as stock market investors. If there is a future for the stock market as trading arena for individuals, there needs to be some rejuvenation amongst the shareholders. The study show that although the average shareholder is aging, which indicates that shareholders stick to their shares, there are new younger shareholders still attracted by the stock market. Preliminary results also suggest a decline in the gender imbalance amongst shareholders.

  • 30.
    Abrahamson, Martin
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    Who Bought Cheap IPOs?: A Study of Shareholders in Swedish IPOs 2006–20162018In: Proceedings of 2018 Annual London Business Research Conference / [ed] Prof. Mohammad Hoque, 2018Conference paper (Refereed)
    Abstract [en]

    This paper analyzes initial public offerings (IPOs) and the post-IPO ownership structure of these firms. The study uses stock ownership records of Swedish firms, together with hand-collected IPO data to analyze the price level of the IPO share and its relationship with the ownership structure. This study shows that for cheap IPO stocks (low nominal priced), individual investors hold a relatively large fraction of the shares compared with IPO stocks with higher nominal price. However, there is a size effect, where the breadth of ownership is higher for larger firms. Thereby, the firm can affect their post-IPO ownership structure when setting the offer price. The study also suggests that there are signs of a seasonal effect, where first quarter IPOs in this sample on average yield a higher initial return.

  • 31.
    Abrahamson, Martin
    et al.
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    De Ridder, Adri
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    Allocation of shares to foreign and domestic investors: Firm and ownership characteristics in Swedish IPOs2015In: Research In International Business and Finance, ISSN 0275-5319, E-ISSN 1878-3384, Vol. 34, p. 52-65Article in journal (Refereed)
    Abstract [en]

    In this article, we analyze underpricing of initial public offerings (IPOs) and holdings following offerings in Sweden. By exploiting a unique hand-collected data set with information on the ultimate holdings by institutional and individual investors, as well as boards of directors, we find, as most prior studies, that IPOs on average are underpriced. IPOs with low (high) initial return have higher (lower) holdings by individual investors. Institutional investors are, to a greater extent than individual investors, also able to identify underpriced firms.

  • 32.
    Abrahamson, Martin
    et al.
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    de Ridder, Adri
    Högskolan på Gotland, Institutionen för humaniora och samhällsvetenskap.
    Executive Compensation Contracts and Ownership Structure2010Conference paper (Refereed)
    Abstract [en]

    We study executive compensation packages and ownership structures for a sample of firms listed on the Stockholm Stock Exchange over the period 1999 to 2008. The basic question we raise is whether strong CEOs can set their own salaries and bonuses given the composition of group management and institutional ownership. With the use of exclusive ultimate ownership records we can identify the relationship between ownership and executive compensation. Collectively, we find a positive relationship between strong CEOs and compensation. Moreover, compensation is related to the composition of ownership and breadth of ownership. Firms with high foreign institutional ownership are associated with higher compensation to the CEO.  These results affect the possibility of an all European compensation strategy.

  • 33.
    Abrahamson, Martin
    et al.
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    de Ridder, Adri
    Högskolan på Gotland, Institutionen för humaniora och samhällsvetenskap.
    Valuation of Swedish IPO Companies: Who Receives the Money Left on the Table?2011In: 2nd Annual Nordic Financial Accounting, 2011Conference paper (Refereed)
    Abstract [en]

    We study underpricing and equity holdings following initial public offerings (IPOs) in Sweden over the sample period 2000 through 2010. By exploiting a unique data set, with information of the ultimate holdings by institutional as well as individual investors in these firms, we make several original contributions to the existing literature related to IPOs as our data are sharper and more detailed than what have been used in prior studies. We document, as most prior studies of IPOs, that they on average are underpriced (i.e., associated with a positive initial return). IPOs with low (high) initial return have higher (lower) equity holdings by retail investors. We find that institutional investors are, to greater extent than individual investors, able to identify firms with a high initial return (i.e. receives the money left on the table). Hence, our data support the generally accepted view that institutional investors are better equipped to process information. We also confirm that the relationship between underpricing (the initial return) and offer price is U-shaped, as first reported by Fernando, Krishnamurty and Spindt (2004). Our multivariate analysis shows that individual investors have preferences for low priced IPOs whereas domestic (foreign) institutional investors have preferences for low (high) priced IPOs. Our analysis of domicile of institutional investors indicates that foreign institutional investors have preferences for holdings in IPOs characterized by a high initial return and large capitalization values. Analysis of overseas institutional holdings indicates existence of information asymmetries related to distance.

     

  • 34.
    Abrahamson, Martin
    et al.
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    de Ridder, Adri
    Högskolan på Gotland, Institutionen för humaniora och samhällsvetenskap.
    Råsbrant, Jonas
    Kungliga Tekniska Högskolan.
    Information Asymmetries among European Investors: Evidence from Swedish IPOs2011In: 13th Annual SNEE (Swedish Network for European Economic Research) Conference, May 17-20, 2011 . Session F1: European Corporate Finance / [ed] Prof. Lars Oxelheim, 2011, p. 1-16Conference paper (Refereed)
    Abstract [en]

    We study underpricing and equity holdings following initial public offerings (IPOs) in Sweden over the sample period 2000 through 2009. We document, as most prior studies of IPOs, that they on average are underpriced (i.e., associated with a positive initial return). IPOs with a low (high) initial return have higher (lower) equity holdings by retail investors. Our analysis of domicile of institutional investors indicates that foreign institutional investors have preferences for holdings in IPOs characterized by a high initial return and large capitalization values. Analysis of overseas institutional holdings indicates existence of information asymmetries related to distance.

    Download full text (pdf)
    fulltext
  • 35.
    Abrahamson, Martin
    et al.
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies. Högskolan Kristianstad.
    Kockum, Martin
    Aktier, obligationer och derivat: En introduktion till ekonomisk teori och finansmarknaden2023Book (Other academic)
    Abstract [sv]

    Aktier, obligationer och derivat är värdepapper som handlas på den finansiella marknaden. Syftet med boken är att på ett enkelt sätt förklara marknaden där aktier, obligationer och derivat handlas. Anslaget i boken är tänkt att förklara för läsaren på ett sätt som möjliggör självstudier i ämnet, där vi inte förutsatt djupa ekonomiska eller matematiska förkunskaper för att kunna tillgodogöra sig innehållet.

    Boken utgår från den svenska marknaden och grundläggande finansiell teori. Vi sätter värdepappren i sitt sammanhang och belyser hur investerare kan använda sig av olika värdepapper i sin investeringsstrategi. Investerarperspektivet dominerar i den här boken för att maximera nyttan för dig som student även i livet efter studierna, både privat och i ditt arbetsliv. För att ge en djupare och mer rättvisande bild av investeringar och den finansiella marknaden generellt så tar boken också upp individens begränsningar och marknadens tendens att då och då inte fungera som det är tänkt. Tanken är därmed att boken berör flera aspekter av den finansiella marknaden även om tyngdpunkten ligger på aktier, obligationer och derivat. 

  • 36.
    Abrahamsson, Erik
    et al.
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    Widfeldt, Jesper
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    Aktiekapitalets funktioner: En studie av kapitalkravets funktioner utifrån åtta entreprenörers synvinklar2009Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
    Abstract [sv]

    Bakgrund och problem

    Aktiekapitalets nivå har sedan dess införande slitits mellan att uppfylla de funktioner som myndigheterna ämnar uppnå med ett kapitalkrav och att nivån inte ska utgöra ett ekonomiskt hinder för de entreprenörer som önskar använda aktiebolagsformen. Den ekonomiska utvecklingen, där större fokus har hamnat på småföretagande och entreprenörskap, har inneburit att funktionerna av aktiekapitalet har kommit att ifrågasättas. I dagsläget förs en debatt om huruvida kapitalkravet innebär ett hinder för nyetableringen av aktiebolag i Sverige. Detta resulterade i att regeringen år 2007 tillsatte en utredning för att undersöka möjligheten att sänka kapitalkravet. Myndigheternas syn på aktiekapitalets funktioner har inte ändrats under de senaste 35 åren, men hur uppfattar dagens moderna företagare, entreprenören, dessa funktioner? Frånvaron av entreprenörernas tankar i debatten gör att mycket lite kan sägas om hur väl dagens aktiekapital uppfyller sina tilltänkta funktioner.

    Forskningsfråga

    Stämmer entreprenörernas bild av aktiekapitalets funktioner överens med myndigheternas syn på dess funktioner?

    Syfte

    Huvudsyftet med denna uppsats är att undersöka hur entreprenörerna, utifrån deras egna verksamheter, har uppfattat myndigheternas tilltänkta funktioner med aktiekapitalet vid dagens nivå på kapitalkravet. Som bisyfte ämna författarna även undersöka om den föreslagna sänkningen av kapitalkravet ligger i linje med entreprenörernas syn på aktiekapitalets funktioner.

    Metod

    Studiens ansats är kvalitativ med ett deduktivt angreppssätt där en komparativ design har använts. Urvalet av respondenter har bestått av åtta stycken entreprenörer verksamma i konsultbranschen, med anknytning till Teknikbyn Science Park Västerås. Dataunderlaget har samlats in genom personliga semistrukturerade intervjuer.

    Slutsatser

    Utifrån undersökningen i denna uppsats kan författarna dra slutsatsen att det både finns en enighet och en skillnad i myndigheternas och entreprenörernas syn på aktiekapitalets funktioner vid dagens nivå på kapitalkravet. Utifrån studien kan slutsatsen dras att myndigheternas huvudargument, i dagsläget, för att behålla kapitalkravet är dess funktion som seriositetsspärr. Förslaget om en sänkning av kapitalkravet inte ligger i linje med entreprenörernas syn på denna funktion. Övriga argument för ett kapitalkrav uppfattas i dagsläget som antingen omoderna eller bristfälliga av de medverkande entreprenörerna vilket medför att en sänkning av aktiekapitalet inte skulle påverka några av dessa funktioner.

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  • 37.
    Abrahamsson, Gun
    et al.
    Uppsala University, Humanistisk-samhällsvetenskapliga vetenskapsområdet, Faculty of Social Sciences, Department of Business Studies.
    Helin, Sven
    Uppsala University, Humanistisk-samhällsvetenskapliga vetenskapsområdet, Faculty of Social Sciences, Department of Business Studies.
    Ekonomistyrning och förbättringsarbete. En fallstudie om hur ekonomistyrning kan stödja respektive hindra ständigt förbättringsarbete ,2000Licentiate thesis, monograph (Other scientific)
  • 38.
    Abrahamsson, Gun
    et al.
    Uppsala University, Humanistisk-samhällsvetenskapliga vetenskapsområdet, Faculty of Social Sciences, Department of Business Studies.
    Helin, Sven
    Uppsala University, Humanistisk-samhällsvetenskapliga vetenskapsområdet, Faculty of Social Sciences, Department of Business Studies.
    Problemlösningsarbete på låg organisatorisk nivå: Två studier om implementering respektive konkretisering av idéer om kundorderstyrd tillverkning2004Doctoral thesis, monograph (Other academic)
    Abstract [en]

    The two studies reported in this thesis are about problem solving at a low organisational level in an organisational unit in a Swedish manufacturing company, which has adopted ideas of World Class Manufacturing. In the first study, we analyse, from an organisational learning perspective, the implementation of the well-known concept Continuous Improvement at shop-floor level and how management accounting may facilitate or impede improvement work. A case study was conducted in two workgroups in one production unit for about seven months. In one of the groups, management accounting facilitated improvement work with high organisational scope and, in the other group, impeded the organisational scope. Our conclusion is that management accounting may facilitate a high organisational scope by supporting the leadership style, stressing co-operation, dialog and participation, or, by the way the manager uses management accounting, make boundaries distinct between groups of employees and between departments, and therefore impede improvements with high organisational scope. In the second study, we analyse, from a rule-based behavioural perspective, how ideas of World Class Manufacturing are institutionalised in cross-functional problem solving at a low organisational level. A case study was carried out in two cross-functional weekly group meetings for about nine months. Problems raised and solutions decided followed a repeated pattern. The actors draw on instrumental rules, which can be described as technical as well as economic. We concluded that ideas of World Class Manufacturing were institutionalised as different variants of World Class Manufacturing in the different functions at a low organisational level. At the meetings, contradictory instrumental rules were activated by the functions and treated according to interaction rules. Two overall patterns of action, articulated the two main interaction rules guiding actors in how to treat contradictory ideas of World Class Manufacturing.

  • 39.
    Abrahamsson, Linnea
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    Nyttiggörande av forskningsresultat från akademi till näringsliv: En studie om kopplingen och samverkan mellan de två aktörerna akademi och näringsliv för ökad kunskapsöverföring samt nyttiggörande av forskningsresultat, för att göra Sverige mer konkurrenskraftigt i världen.2022Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
    Abstract [sv]

    I världen idag krävs det en samverkan mellan näringsliv, akademi och det offentliga rummet för att driva innovation framåt, öka ekonomiska tillväxten samt vidareutveckla samhället. Det finns även en lagstiftning som menar att forskningsresultat vid svenska akademier skall komma till nytta i samhället, men detta uppfylls inte enligt ett flertal källor. Denna rapport syftar därför till att undersöka hur akademi och näringsliv ska samverka, för att öka värdeskapande och nyttiggörande av forskningsresultat i Sveriges näringsliv. Till grund för rapportens analys och slutsats så finns dels teori kring begreppen värdeskapande och samverkan, men även ett empiriskt underlag baserat på intervjuer med personer från respektive aktör. Svårigheterna som lyfts från det empiriska underlaget är kopplade till att samverkan sker för sent i processen att gå från forskningsresultat till färdig implementerad produkt, vilket lett till olika förväntningar på vad värde är samt inte gett aktörerna de förutsättningar som behövs för att lyckas med nyttiggörandet av forskningsresultaten. Vidare menar båda aktörerna att de kulturella skillnader som finns sinsemellan inte är lätta att överbrygga, vilket är varför en plattform där båda aktörerna verkar presenteras som en lösning. Detta skulle enligt båda parterna underlätta kontakten sinsemellan samt agera som väg mellan den akademiska världen och näringslivet. Vidare önskar båda aktörerna att det skulle vara mer meriterande att ha erfarenhet från båda aktörerna, och att detta skulle värdesättas mer än det gör idag, för att uppmuntra personer att få erfarenhet från aktörerna för att sedan underlätta samverkan. Båda parterna efterlyser också en större kontinuitet i kontakten mellan akademi och näringsliv, vilket dock problematiseras genom att det kan hota den fria forskningen som är viktigt för några av de personer som intervjuats för denna rapport. Sammanfattningsvis är aktörerna överens om att detta är ett viktigt ämne för Sveriges konkurrenskraft i världen och att en ökad transparens och kommunikation skulle vara värdefullt för samverkan, och därmed förhoppningsvis kunna öka nyttiggörandet av forskningsresultat i Sveriges näringsliv.

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    Nyttiggörande av forskningsresultat från akademi till näringsliv
  • 40.
    Abrahamsson Söderberg, Sofie
    et al.
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    Rällfors, Axel
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    Upplysningskrav vid värdering till verkligt värde: En studie om hur företag har anpassat sig till upplysningskraven kring verkligt värde och revisorns roll vid granskningen av dess efterlevnad2014Independent thesis Advanced level (degree of Master (One Year)), 10 credits / 15 HE creditsStudent thesis
    Abstract [sv]

    De senaste åren har värderingsmetoden värdering till verkligt värde blivit mycket kritiserad. Bland annat anses värderingsmetoden ge allt för stort utrymme för en företagsledning att manipulera de finansiella rapporterna. Uppsatsen behandlar därför hur väl företag följer upplysningskraven som de ska följa när de värderar tillgångar och skulder till verkligt värde enligt den internationella redovisningsstandarden IFRS 13 (International Financial Reporting Standard) samt revisorns uttalande i revisionsberättelsen gällande företagens efterlevnad av upplysningskraven. Detta görs för att studera om upplysningskraven efterföljs och i de fall då företagen inte följer upplysningskraven huruvida revisorn gör ett modifierat uttalande i revisionsberättelsen. Urvalet för studien är samtliga företag noterade på Stockholmsbörsen, Nasdaq OMX Stockholm, inom skogs-, fastighets- och banksektorn år 2012 och år 2013. Data har insamlats genom bearbetning och analyser av respektive företags årsredovisning. Av studien följer att företagen inte efterlever upplysningskraven fullt ut och att respektive företags revisor inte väljer att göra ett modifierat uttalande trots att ISA (International Standards on Auditing) uppmanar till det. Fastighetsbolagen visar högst efterlevnad av upplysningar, därefter kommer skogsbolagen och sist bankerna.

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  • 41.
    Abrahamsson Söderberg, Sofie
    et al.
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    Tunstig, Sanna
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    En studie av storbankers finansiella ställning: I finanskrisens spår2014Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
    Abstract [sv]

    Finansiella institutioner har en stor samhällspåverkan, något som inte minst tydliggjordes genom den senaste finanskrisen då bankers finansiella ställning ifrågasattes. Studien syftar därför till att skapa en överblick hur bankers finansiella ställning sett ut i samband med finanskrisen år 2008. Undersökningen har genomförts genom att använda en övergripande modell baserad på nyckeltal som anses mäta bankers finansiella ställning, samt en kompletterande information i form av icke-numerisk data. Utifrån resultatet kunde det observeras att den genomsnittliga finansiella ställningen under perioden år 2007-2012 varit svag, samt att den var något svagare år 2012 än år 2007. Slutsatsen som kunde dras var att de europeiska bankerna haft en svag finansiell ställning och att tillgångskvaliteten ofta haft en betydelse för den finansiella ställningen. Studien fann dock några fall då banker haft en låg tillgångskvalitet men hög kapitaltäckning och/eller likviditet.

  • 42.
    Abramowicz, Sara
    et al.
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    Rydman, Maria
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    Projektverksamhet med samhällsnyttan i fokus: införandeprocessen av SMS-biljetten vid Upplands Lokaltrafik2008Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
    Abstract [en]

    The aim of this thesis is to explore possible differences between public and private companies’ way to manage projects. In order to analyze the managerial aspects, we have studied the project of a new payment system implemented at the public-transport organization Upplands Lokaltrafik (UL). The project enables mobile payment by text message (SMS). Most theory concerning the management of projects is developed for private companies. It is therefore of great interest to explore whether that theory is applicable to the SMS-project conducted by a public company. Within the theory of project management, we have chosen to focus on the concept of process orientation in order to describe the project and the parties involved. To specify the different stages of the work process we have used Deming’s cycle. The cycle describes the iterative workflow of a project by the four stages; Plan (Planning the project), Do (Implementing the project), Study(Study the effects of the implementation) and Act (Act upon the results of the feedback). The model’s four stages are represented by equally large shares in the optimal cycle, however, the most common situation for private companies is that the Do part is larger than the other parts and the Study and Act parts are seldom employed. The decision-making process in public companies is more complex due to their organizational structure, which in UL’s case implies that the project process is different to that of private companies. With this in mind, the process of evaluation is more difficult to conduct. The finding of this study is that the public and private companies have somewhat different management techniques, which we have observed in particular while studying the SMS-project. Nevertheless, the SMS-project is run with some similar characteristics to a private company, which we have seen has affected the outcome of the project negatively in the sense that they have failed to use the process orientation fully. UL would therefore benefit from using process-orientation techniques such as evaluation and feedback in a greater extent in upcoming projects.

     

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  • 43.
    Abreu, Ana Raquel
    et al.
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    Sage, Laura Nicole
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    What a Waste?!: Exploring the influence of nudging on consumer behaviour towards food waste.2023Independent thesis Advanced level (degree of Master (One Year)), 10 credits / 15 HE creditsStudent thesis
    Abstract [en]

    Recognizing the importance of food waste as an environmental and social problem, this thesis aims to test nudging as a successful tool to promote a pro-environmental behaviour towards food waste reduction. The present research uses an experiment in a university canteen in Gotland, Sweden, with two interventions - posters with informational prompts and practical tips. Through quantitative analysis, we were able to conclude that nudging reduced overall food waste but with no statistical significance for the informational treatment. Furthermore, the informational prompts and the suggestions of shortcut solutions had similar positive impacts on food waste, with no significant difference. However, the study highlights some aspects that limit these results to a short-term perspective due to the experimental period of two months. On the other hand, the complementary qualitative data from interviews with customers revealed that nudges, especially practical suggestions, can be more useful as an awareness tool rather than a technique to actually change behaviours. Overall, the findings show that the two interventions reduced food waste with a continuous decreasing trend. Therefore, nudging can be a useful technique for canteens and restaurants to influence consumers’ behaviour towards food waste reduction.

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  • 44.
    Acar, Dilber
    et al.
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    Bengtsson, Maria
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    E-handel: En jämförande studie om upplevda risker mellan män och kvinnor2016Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
    Abstract [sv]

    Risker vid handel på nätet är större än vid handel i fysiska butiker och är ett stort hinder till varför konsumenter väljer att inte handla på nätet. Ett sätt att minska upplevd risk vid e- handel är genom tillit till återförsäljare. Dock är det svårt för en konsument att avgöra om en återförsäljare på nätet är pålitlig eller ej. Då e-handel blir alltmer utbrett och många företag erbjuder varor som är riktade enbart till män eller kvinnor blir vår frågeställning: Hur skiljer sig upplevd risk med e-handel mellan män och kvinnor, och vilken betydelse har tillit till återförsäljare för hantering av dessa risker? För att besvara vår frågeställning diskuterades begreppen upplevd risk och tillit i en manlig och kvinnlig fokusgrupp där olika dimensioner av upplevd risk och påverkande faktorer till tillit togs upp. Dimensionerna av upplevd risk som undersöktes var finansiell-, produkt-, leverans-, social och tidsrisk samt risk med informationssäkerhet. Tillitsfaktorerna som undersöktes var återförsäljar- och hemsideegenskaper, erfarenhet med återförsäljare, tredje part och opportunistiskt beteende. Resultaten från vår studie pekar på att det finns små skillnader mellan män och kvinnor gällande upplevd risk, och att produktrisk är den mest betydande för kvinnorna och den enda risken som männen upplevde. Vidare visade det sig att alla tillitsfaktorer var av betydelse för respondenternas upplevda risk och att erfarenhet var den viktigaste för båda grupperna, men att tredje part var viktigare för kvinnorna än för männen. 

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  • 45.
    Adalberth, Johan
    et al.
    Uppsala University, Humanistisk-samhällsvetenskapliga vetenskapsområdet, Faculty of Social Sciences, Department of Business Studies.
    Nilsson, Mikael
    Uppsala University, Humanistisk-samhällsvetenskapliga vetenskapsområdet, Faculty of Social Sciences, Department of Business Studies.
    IAS 40 – förvaltningsfastigheter: Utformningen av redovisningen till verkligt värde2006Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
    Abstract [sv]

    I resultaträkningen tycks praxis utvecklas mot att värdeförändringarna redovisas som en del av rörelseresultatet och att realiserade och orealiserade värdeförändringar redovisas som separata poster. När det gäller beräkningen och presentationen av värdeförändringar är en central fråga om de realiserade värdeförändringarna skall tas med i beräkningsuppställningen över fastighetsbeståndets värdeförändringar. Här är det dock svårt att se utvecklingen av praxis. En annan central fråga är oklarheterna kring redovisade investeringar. En bra lösning är att redovisa separata kolumner för sålda och helårsägda fastigheter. Man kan också konstatera att praxis tycks gå mot årsvis värdering av fastigheterna. Begreppsanvändningen kring beräkningen och presentationen av värdeförändringar upplever vi som mer enhetlig än begreppsanvändningen i resultaträkningarna.

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  • 46.
    Adamson, Claes
    et al.
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    Junge, Johan
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    Aktiv förvaltning av BRIC-landsfonder: En jämförelse av prestation mellan aktivt förvaltade BRIC-landsfonder på den svenska fondmarknaden och respektive jämförelseindex under perioder av upp- och nedgångar 2006-20112011Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
    Abstract [sv]

    Denna studie undersöker hur aktivt förvaltade BRIC-landsfonder (Brasilien, Ryssland, Indien och Kina) som erbjuds på den svenska fondmarknaden har presterat i förhållande till respektive jämförelseindex (MSCI) utifrån avkastning och riskjusterad prestation under perioder av upp- och nedgångar 2006 till 2011. Vidare undersöker vi hur BRIC-landsfondernas prestationer har hållit i sig jämfört med index och varandra över tiden. Vi finner att majoriteten av Brasilien-fonderna slår index i både upp- och nedgång, samt håller i prestationerna över tid. Riskjusterat presterar fonderna över index två av tre perioder. Ryssland-fonderna slår index i uppgång, men inte i nedgång. Fonderna håller dock inte i prestationerna över tid. Riskjusterat presterar fonderna generellt sett under index, framförallt i perioder av nedgång. Indien-fonderna slår index i nedgång, men inte i uppgång. Fonderna håller inte i prestationerna över tid och underpresterar index på riskjusterad basis i perioder av nedgång. Slutligen finner vi att Kina-fonderna slår index i både upp- och nedgång, men att de inte håller i prestationerna över tid. Riskjusterat presterar fonderna över index i uppgång, men inte i nedgång.

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    Aktiv förvaltning av BRIC-landsfonder - Adamson & Junge
  • 47.
    Adamsson, Elinor
    et al.
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    Grundmark, Emma
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    Apoteket AB:s utvecklingsmöjligheter på den nya apoteksmarknaden2010Independent thesis Advanced level (degree of Master (One Year)), 10 credits / 15 HE creditsStudent thesis