| 1. |
- Abrahamson, Martin
(författare)
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Att påverka aktiepriset
- 2009
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Ingår i: Gotlandsakademikertycker om …. ; s. 9-15
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Bokkapitel (övrigt vetenskapligt)
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| 2. |
- Abrahamson, Martin, 1977-, et al.
(författare)
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Executive Compensation Contracts and Ownership Structure
- 2010
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Konferensbidrag (refereegranskat)abstract
- 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.
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| 3. |
- Abrahamson, Martin, 1977-, et al.
(författare)
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Information Asymmetries among European Investors
- 2011
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Ingår i: 13th Annual SNEE (Swedish Network for European Economic Research) Conference, May 17-20, 2011 . Session F1: European Corporate Finance. ; s. 1-16
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Konferensbidrag (refereegranskat)abstract
- 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.
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| 4. |
- Abrahamson, Martin, 1977-, et al.
(författare)
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Valuation of Swedish IPO Companies : Who Receives the Money Left on the Table?
- 2011
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Ingår i: 2nd Annual Nordic Financial Accounting.
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Konferensbidrag (refereegranskat)abstract
- 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.
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| 5. |
- Abrahamsson, Sten, 1953-, et al.
(författare)
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Adding requirements on customers to current quality models toimprove quality
- 2010
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Ingår i: 13th QMOD conference on Quality and Service Sciences ICQSS 2010. - Visby : Gotland University. ; s. 1-9
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Konferensbidrag (refereegranskat)abstract
- In most descriptions of business development and models for Corporate Governance, contacts between supplier and customer are for the most part focused on the supplier’s responsibility to identify and document customer requirements in order to enable the organization to meet customer requirements (stated and unstated). In the actual contact between customer and supplier it has been observed in several cases that there are aspects of the interaction not described in traditional theoretical quality models. What seems to be missing is a more explicit requirement for customers and for customers' actions. The logic is that a qualified customer performing based on supplier instructions will result in a better performing product. The apparent lack of theoretical models describing this aspect indicates that this is an interesting area for research and development.The purpose of this paper is to highlight a seemingly "forgotten" area within quality management, which is the lack of requirements put on customers in quality models. The first objective is to review existing quality models to explore the extent of requirement on customers included. The second objective is to propose additions to current models that include requirements placed on customers.A limited review of the award criteria and the most common models for quality and improvement techniques shows that there is no explicit and documented way to set requirements for customers. Our interpretation is that EFQM is the model closest to our description of “demands on customer” due to their clauses connected to “partnership”.The ISO/DIS 26000 is moving the requirements further against the customer for the social responsibility than the quality standards are doing.Further research could focus on how requirements on customer will affect the performance of the entire supply chain both from a quality and social point of view.
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| 6. |
- Abrahamsson, Sten, 1953-, et al.
(författare)
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Implementing Lean
- 2012
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Ingår i: Management and Production Engineering Review. - Opole : Polish Association for Production Management. - 2082-1344. ; 3:4, s. 4-13
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Tidskriftsartikel (refereegranskat)abstract
- Lean or Toyota Production System (TPS) has more or less successfully been implemented in the Western world’s businesses and organizations for the past 20 years. Several authors have discussed what it is that creates a successful implementation, and several studies have been presented where strategies for implementations have been studied. Culture’s impact and possible mitigation for Western companies have been studied and described by for example Womak & Jones. Proponents of the concept of Lean argue that culture is not a constraint for implementation of Lean. Lean Management is called a philosophy but it is often used as a change strategy in the sense that it is implemented with the view of improving performance. A change strategy could be seen as a product that might have to be customized with the view of improving the effectiveness of the implementation. On the other hand abandoning a standardized approach comes with the risk of severely altering the change strategy, possibly to its detriment. Implementing Lean will have an effect on the company culture. Does it make any sense customizing the implementation to culture if the issue is changing the culture? The purpose of this paper is to highlight and discuss the balance between a customized implementation and a standardized implementation. Which are the main arguments for standardization and customization and how could these be reconciled? A literature study of Lean implementation has been carried out and compared with Lean principles and theories from change management with focus on change drivers and change barriers. Main drivers of Hofstede’s national cultural dimensions are compared with Lean principles to identify possible drivers and barriers in different cultures. The theory synthesis on drivers and barriers is subjected to a first test in a case study on Lean implementation according to a standardized approach. The implementation is made in a small Swedish factory belonging to a worldwide industrial company. Results from the literature review and the case study indicate that both customization and standardization are needed.
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| 7. |
- Abrahamsson, Sten, et al.
(författare)
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Integrated Management Systems
- 2011
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Ingår i: 14th Toulon-Verona Conference : Organizational Excellence in Service. Conference Proceedings. - Alicante : University of Alicante. - 9788890432712 ; s. 22-35
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Konferensbidrag (refereegranskat)abstract
- Management systems are widely used for creating order, minimising risks and for assuring performance. Management systems are in many occasions integrated since this has been found to be beneficial. In this paper a model for a fully integrated management system (IMS) based on the three axes of level, extent and scope of integration is tested for relevance. The studied system permits the integration of all relevant process dimensions. The research is only in a pilot stage, but the initial results are promising and indicate that there are advantages in using the process view as a base for identifying critical aspects to be managed. A review of the current situation for system integration is studied and the model is subjected to some tests using Sweden as a case. The background study shows that system integration still is limited, especially when comparing with a fully integrated IMS. The feedback from the organisations interviewed is positive and supports continued work with development of the model.
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| 8. |
- Abrahamsson, Sten, et al.
(författare)
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University Services for regional Development
- 2011
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Ingår i: Proceedings : 14th QMOD Conference on Quality and Service Sciences : From LearnAbility and InnovAbility to SustainAbility. - Pamplona : Servicios de Publicaciones Universidad de Navarra. - 84‐8081‐211‐7 ; s. 36-54
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Konferensbidrag (refereegranskat)abstract
- BackgroundRegional Development is a permanent activity of change including long range visions and goals. This work includes both continuous and breakthrough change. Quality management practises are used for organisational improvement and could be seen as one way of supporting effective change management. Provided we can view a region as an organisation we could also view it as a process. Dealing with the region as a system of processes might make it possible to use quality management practices to support more effective regional development. Based on an analysis of the presentation of the current state and the visionary state it should be possible to analyse proposed change strategies from a process perspective.PurposeThe general purpose of the study is to see how universities could contribute to regional development. Specific research questions in this study are:For a region how can the present state, the visionary state and the chosen change strategies, be described with Quality Management values and methodologies with focus on the process viewHow do the regional university mission, vision and goals align with defined regional objectives?MethodologyA literature survey for how Quality Management has been used for regional development is carried out to create a structure for the data collection. The region of Gotland is chosen as an example for a region. The reason for this is that Gotland is a small region consisting of an island providing clear boundaries. There is only one university, which makes it easier to study the links between university and region. Available regional visions are studied as well as main presentation of regional performance with focus on the region of Gotland. The main organizational stakeholders are identified and studied. Data is gathered from web sites and from interviews. The categorisation of information is based on a process perspective using process based system models adapted to the initial literature survey. The current change process is also portrayed. In order to see how the local university performance and plans align with the regional plans the Gotland University web-site is studied for relevant documents.Main resultsRegional performance can seemingly be described using process based system models. The stakeholder approach can in a meaningful way be used to describe main regional requirements.
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| 9. |
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| 10. |
- Anderberg, A. A., et al.
(författare)
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Maesaceae, a new primuloid family in the order Ericales s.l.
- 2000
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Ingår i: Taxon. - Vienna, Austria : IAPT. - 0040-0262. ; 49:2, s. 183-187
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Tidskriftsartikel (refereegranskat)abstract
- Evidence from morphology and molecular sequence data from three chloroplast genes, rbcL, ndhF, and atpB, have shown that the genus Maesa constitutes an evolutionary lineage separate from the other three primuloid families, Theophrastaceae, Myrsinaceae, and Primulaceae. The new family Maesaceae is here formally recognised, its taxonomic status being changed from a subfamily of Myrsinaceae. The new family comprises a single genus, Maesa Forssk., with some 100 species of trees or shrubs; it is diagnosed by characters such as flower pedicels with two bracteoles, a semi-inferior ovary, and indehiscent fruits with many seeds. A key to the major groups of primuloid taxa is presented.
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