| 1. |
- Boers, Börje, 1975-, et al.
(författare)
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Turning Around the Family and the Business? : Examples of Turnaround Strategies from Germany, Scotland, and Sweden
- 2022
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Ingår i: The Nordic Journal of Business. - : Association of Business Schools Finland. - 2342-9003 .- 2342-9011. ; 71:2, s. 77-101
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Tidskriftsartikel (refereegranskat)abstract
- The purpose of this study is to understand turnaround strategies in family firms from a so-cioemotional wealth (SEW) perspective. This study follows a case study approach with four family firms, one from Germany, one from Scotland, and two from Sweden. Data collection builds on combining interviews with data collected from annual reports, homepages, and press clips. First, we contribute to the understanding of turnaround strategies in private family firms. Moreover, the SEW perspective offers new insights into how owning families prioritize the different turnaround strategies in relation to the SEW dimensions. Finally, our study also helps further an understanding of how owning families prioritize the SEW dimensions, by drawing on mixed gambles. These findings are used to develop a framework for explaining how SEW influences organizational decline and turnaround in private family firms. Finally, we develop propositions that future research could consider.
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| 2. |
- Curry, Amanda, et al.
(författare)
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Operations managers’ use of (ir)relevant management accounting information : A mixed-methods approach
- 2019
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Ingår i: The Nordic Journal of Business. - : Association of Business Schools Finland. - 2342-9003 .- 2342-9011. ; 68:1, s. 5-33
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Tidskriftsartikel (refereegranskat)abstract
- This paper focuses on the operations managers’ use of non-financial information in their operational work and examines whether this use increases their satisfaction with management accounting systems. Survey responses from 168 operations managers in a Swedish mining company unexpectedly demonstrate a positive relationship between operations managers’ use of traditional management accounting and management accounting system satisfaction. Our findings from a subsequent qualitative workshop in which operations managers participated suggest that trust in integrated systems is damaged by careless handling of input in such systems and interpretation difficulties caused by a lack of effective guidance from accountants. Operations managers perceive traditional management accounting as objective and appear to use it collectively as a basis for learning and improvement. Operations managers use traditional management accounting proactively with their teams, but simultaneously seek help from ‘business-oriented’ accountants to navigate in operational situations.
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| 3. |
- Hellström, Jörgen, et al.
(författare)
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Stock Exchange Mergers and Weak-Form Information Efficiency : Evidence from the OMX Nordic and Baltic Consolidation
- 2018
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Ingår i: The Nordic Journal of Business. - Aalto : Association of business Schools, Aalto University. - 2342-9003 .- 2342-9011. ; 67:2, s. 114-136
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Tidskriftsartikel (refereegranskat)abstract
- In this paper, we study whether the creation of a uniform Nordic and Baltic stock trading platform has affected weak-form information efficiency. A time-varying measure of return predictability for individual stocks is used in a panel-data seting to test for stock market merger effects. The results indicate that the stock market consolidations have had a positive effect on the information efficiency and turnover for an average firm. The merger effects are, however, asymmetrically distributed, indicating, among other, a flight to liquidity effect, i.e. relatively large (small) firms located on relatively large (small) markets experience an improved (reduced) information efficiency.
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| 4. |
- Jonnergård, Karin, et al.
(författare)
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Stubborn Swedes : the Persistence of the Swedish Corporate Governance System under International Reform
- 2016
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Ingår i: Nordic Journal of Business. - : Association of Business Schools Finland. - 2342-9003 .- 2342-9011. ; 65:1, s. 13-28
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Tidskriftsartikel (refereegranskat)abstract
- Despite a number of corporate governance reforms introduced following an Anglo-American blueprint, the Swedish corporate governance system still contains several country-specific traits. In this article, we try to understand this continuity of the national corporate governance system. We do this by outlining a model for describing the processes of change built on Mary Douglas’ (1986) theory of ‘institutional thinking’ and applying this model to a case of the implementation of regulation on independent directors in Sweden. The results highlight (i) that continuity is ensured through the use of ‘sacred objects’ and (ii) that compromises between the old and the new is made possible by the uses of concepts with ‘positive connotations’. Hereby a form of assimilation to the international blueprint occurs which may – or may not – lead to convergence in the long run.
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| 5. |
- Nachemson-Ekwall, Sophie
(författare)
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Leveraging on Home Bias: Large Stakes and Long-termism by Swedish Institutional Investors
- 2017
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Ingår i: Nordic Journal of Business. - : Association of Business Schools Finland. - 2342-9011 .- 2342-9003. ; 66:3, s. 128-157
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Tidskriftsartikel (refereegranskat)abstract
- This paper focuses on the domestic institutional investors’ ability to refocus their investments strategy in the direction of more of long-term committed capital. Suggesting a reconceptualization of domestic institutions in the sense that they can leverage on information asymmetries connected to home bias, we take an institutional approach to domestic investor rationale. We conduct qualitative and descriptive research to illuminate how Swedish institutions relate to expectations to engage in investee companies. The detected more focused investment strategies can primarily be explained through a (i) refocusing of risk-allocation mandates related to longer investments horizons, (ii) leveraging on home bias, and (iii) an owner-friendly governance model. By highlighting the embedded character of domestic institutions’ engagement, our research complements conventional ideas on institutional investors’ rational disinterest in engagement. With new norms, behavior changes.
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| 6. |
- Semenova, Natalia, Dr, 1978-, et al.
(författare)
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The Performance of Investor Engagement Dialogues to Manage Sustainability Risks
- 2019
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Ingår i: The Nordic Journal of Business. - : Aalto university. - 2342-9003 .- 2342-9011. ; 68:2, s. 5-22
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Tidskriftsartikel (refereegranskat)abstract
- This empirical study investigates the performance of a collaborative dialogue process where active Nordic investors interact with target companies behind the scenes to manage sustainability risks. The question addressed is what are the financial and nonfinancial characteristics of targets that provide opportunities for a successful dialogue process. The social movement theory of interest-driven collective action and the dialogic theory of effective communication are used as the conceptual framework with which to examine a proprietary dataset covering 326 dialogues with MSCI World companies. The results indicate that the performance of an agent-led collaborative dialogue process depends on the target company’s characteristics. The responsiveness of targets to the direct requests of the agent for comments, the willingness of targets to make an effort to implement changes raised by the agent throughout ongoing negotiations, and the success of the dialogue process are systematically related to the sustainability and financial attributes of targets.
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| 7. |
- Stoklasa, Jan, et al.
(författare)
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The Mean & Range Effect – A Sweet Spot Stimulating Risk-Seeking in Managerial Decision Support
- 2020
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Ingår i: The Nordic Journal of Business. - : Association of Business Schools. - 2342-9003 .- 2342-9011. ; 69:1, s. 21-43
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Tidskriftsartikel (refereegranskat)abstract
- We report a specific irregularity in risk-a!itudes that occurs under one of the most commonrisk presentation formats. Representing the risk by the expected value and the range of possiblevalues can result in increased risk-seeking compared to other less- or more- information-richformats of risk presentation. We call this phenomenon the mean & range effect. Our researchsuggests a 20% prevalence of this phenomenon in three different countries confirmed by threedifferent modes of analysis. A novel analytical approach is suggested that defines fuzzy subsetsof the sample to allow for the partial membership of each respondent to more than one subsetto account for within-respondent variability. The results suggest the possibility to influence therisk-appetite of decision-makers by a specific risk-presentation, which can seriously affect theoutcomes of (group) decision-making problems. This finding is relevant for decision supportsystems design, marketing, corporate and consumer finance and related fields.
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| 8. |
- Roos, John Magnus, 1976, et al.
(författare)
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Online Retail Shopping before and during the COVID-19 Pandemic across Age cohorts: Insights from Sweden
- 2022
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Ingår i: Nordic Journal of Business. - 2342-9003. ; 71:3, s. 169-190
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Tidskriftsartikel (refereegranskat)abstract
- This paper compares online retail shopping in Sweden before and after the COVID-19 outbreak and how it evolved for clothes and groceries during the first year of the COVID-19 pandemic in different age cohorts. Based on a series of surveys conducted before and during the first year of the pandemic, the findings show increased frequencies of online shopping in all age cohorts for both clothes and groceries. Although the pandemic triggered consumption displacement from shopping in physical stores to shopping online, crowding out between consumer groups in online grocery shopping during the initial year of the pandemic indicates that the trend may have been slowed by limited capacity among retailers.
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| 9. |
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| 10. |
- Söderlund, Magnus, et al.
(författare)
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The consumer experience and the absorbing story
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Ingår i: Nordic Journal of Business. - 2342-9003. ; 64:2, s. 103-118
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Tidskriftsartikel (refereegranskat)abstract
- Storytelling is frequently discussed in the experience literature, yet this literature rarely deals with consumption of stories per se. Here, we argue that absorption is a central aspect of both experiences and story consumption. Because this state of mind is assumed to facilitate changes in attitudes, beliefs, and behavior, it is highly relevant for marketers to understand the antecedents of absorption. The purpose of our study is to empirically examine (1) a set of theoretical factors likely to have an impact on story absorption and (2) assess the consequences of absorption for a set of typical outcome variables in marketing research. The main findings were that empathy and sympathy for story characters contribute positively to story absorption, and we discuss the implication of this for marketing of experiences – particularly for offers involving face-to-face encounters between customers and firm representatives
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