| 1. |
- Strömsten, Torkel
(författare)
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Visiting Professor
- 2012
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Ingår i: Management Accounting Research. - 1044-5005 .- 1096-1224.
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Tidskriftsartikel (refereegranskat)
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| 2. |
- Christner, Carl Henning, et al.
(författare)
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Scientists, venture capitalists and the stock exchange: The mediating role of accounting in product innovation
- 2015
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Ingår i: Management Accounting Research. - : Elsevier: 24 months. - 1044-5005. ; 28:1, s. 50-67
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Tidskriftsartikel (refereegranskat)abstract
- This paper examines the role of accounting in the development of a biotech innovation, called the Pyrosequencing technology, intended for the scientific and commercial analysis of human DNA. Building on an extensive case study, we follow the development of this technology from its inception to the eventual downfall of the company built around the technology, Pyrosequencing AB. Using the concept of mediating instruments (Miller and O'Leary, 2007), we focus on how accounting calculations participated in shaping particular development trajectories by connecting and mediating between discrete domains and dispersed actors. We follow the development process in three different stages: first, when it was in the hands of the scientific founders; then when it became a commercial company, partially owned by a venture capital firm, HealthCap; and, finally, when Pyrosequencing AB became listed on the stock exchange. We find that different accounting calculations were used in each of these stages, and we analyse how these shaped the development process by forging particular linkages between scientific and economic ideas and different actors. Our study contributes to the literature on the relationship between accounting and product innovation in several ways: firstly, it provides an analysis of how certain accounting calculations enable particular development trajectories by mediating between different actors and domains. Secondly, our findings show the importance of attending to the shifting economic domains and economic ideas to which development processes may be linked. Finally, the results contribute to the discussion about the enabling or constraining role of accounting by showing how the enabling of particular development trajectories entails the constraining of alternative courses of action. This research adds a longitudinal perspective to the enabling/constraining question, which has often been examined using a cross-sectional design. We introduce the concept of calculative momentum as a way to increase our understanding of the role accounting play in this regard.
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| 3. |
- Kraus, Kalle, et al.
(författare)
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Internal/inter-firm control dynamics and power-A case study of the Ericsson-Vodafone relationship
- 2016
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Ingår i: Management Accounting Research. - : Elsevier. - 1044-5005. ; 33, s. 61-72
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Tidskriftsartikel (refereegranskat)abstract
- This paper has analysed the role of power in shaping internal/inter-firm control dynamics in the Ericsson-Vodafone relationship. While previous studies have tended to either neglect issues related to power, or focus on only one aspect of power, resource power, our contribution lies in detailing how the combination of resource, process and meaning power is key to understanding internal/inter-firm control dynamics. Vodafone mobilised resource power to bring about changes in inter-firm control, and subsequently mobilised process, meaning and resource power to implement additional inter-firm control as well as dictate changes needed in Ericsson's R&D structure, which resulted in more financially oriented internal control within Ericsson's R&D units. Our study also details how 'accounting talk' was important for determining the trajectory of internal/inter-firm control dynamics and the intimate relationship between such 'talk' and the mobilisation of power. In this respect, we extend the Hardy and Redivo (1994) power framework by showing that language is important not only in the mobilisation of meaning power (as Hardy and Redivo point out), but also resource power. (C) 2016 Published by Elsevier Ltd.
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| 4. |
- Strömsten, Torkel, et al.
(författare)
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Going public: The role of accounting and shareholder value in making sense of an IPO
- 2012
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Ingår i: Management Accounting Research. - : Elsevier. - 1044-5005. ; 23:3, s. 186-201
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Tidskriftsartikel (refereegranskat)abstract
- This study draws on interviews with corporate executives from four companies that went public and financial analysts involved in evaluating these firms. Top managers in all companies became more focused on short-term financial results than they had been when the companies were private. We contribute to existing research by analyzing, empirically and theoretically, the processes producing this focus. Following an IPO process offered a unique insight into a gradual increase in emphasis on accounting metrics through the outcomes of guided and restricted sensemaking. When preparing for the IPO, guided sensemaking produced an IPO prospectus incorporating quantitative and qualitative commitments. Quantitative commitments were based on accounting metrics, such as earnings per share and profit margin, which provided an important foundation for the financial focus. These commitments became the anchor for subsequent sensegiving and restricted sensemaking when the companies were listed. With the financial analysts as the social anchors, the richer communication in the prospectus was narrowed down to comprise an exclusive focus on the quantitative accounting commitments. The long-term accounting commitments in the prospectus were transformed into short-term targets that must be met when the financial measures served as specific and concrete extracted cues to quickly provide structure to the uncertain situation, gain the financial analysts’ confidence and sustain action. One year after the IPO, the financial focus was taken for granted and managers had accepted the rules of the game.
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