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- Askenmalm, Fredrika
(författare)
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Hur mjölk i tanken blir kronor på banken : Bondförnuftets rationalitet
- 2024
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Doktorsavhandling (övrigt vetenskapligt/konstnärligt)abstract
- Lantbrukare har under senare år ofta hörts framföra klagomål om att den administrativa bördan blivit allt tyngre vad gäller rapportering och ansökningar som ska göras till olika myndigheter. Tidigare forskning framställer det som att den administrativa bördan skulle kunna utsträckas till att också gälla redovisning, så som bokföring, kalkylering och budgetering. Detta då det beskrivs som att lantbrukare varken förstår eller använder redovisning för att sköta sitt lantbruk. Tidigare forskning tycks dock bortse från att lantbrukare ofta tillämpar en annan form av logik än den som förutsätts gälla inom redovisningsforskning. Det verkar också förutsättas att lantbrukarna ska kunna förstå och använda den redovisningsterminologi som finns inom forskningsvärlden trots att lantbrukarna ofta saknar utbildning inom redovisning. Mot denna bakgrund undersöker denna avhandling hur lantbrukare förstår och använder redovisning.Avhandlingen bygger på det grundläggande teoretiska perspektivet att se redovisning som ett språk för att på detta sätt förklara lantbrukarnas förståelse av redovisning. Avhandlingen bygger vidare på familjeföretagsforskning, speciellt socioemotional wealth (SEW), och beslutsteori för att förklara lantbrukarnas användning av redovisningsinformation.Den empiriska studien är inspirerad av grundad teori. Det empiriska materialet utgörs främst av intervjuer med mjölkbönder i Jönköpings län. Även intervjuer med rådgivare och bankmän och vissa sekundärdata har utgjort underlag för avhandlingen.Resultatet av undersökningen visar att lantbrukare har större kunskaper vad gäller redovisning än vad tidigare forskning indikerat. Delvis kan detta förklaras av att lantbrukare använder en annan terminologi än vad som vanligtvis används inom redovisningsforskning när de beskriver redovisning. Mjölkföretag drivs vanligen som familjeföretag och denna avhandling visar på en mycket stark familjeförankring i dessa företag. Det innebär att mjölkföretag ibland (speciellt vad gäller fastigheten) prioriterar annat än finansiella mål, vilket ofta kopplas samman med en intuitiv beslutsstil. Inom redovisning förutsätts generellt att finansiella mål är eftersträvansvärda. Lantbrukarnas sätt att se på redovisning påverkar också hur den används. Även om de förstår och använder redovisning är det inte säkert att den används på det mest vinstmaximerande sättet. I stället kan SEW vara det som prioriteras. Användning av redovisning anpassas efter den situation lantbrukaren befinner sig i. Vissa delar av redovisningen ses och förstås som speglingar av verkligheten eller som framåtriktade ledtrådar. När lantbrukare förstår redovisningen på så vis, uppfattas den som användbar för beslutsfattande. Andra delar av redovisningen ses som regelföljande, eller ibland till och med som helt frikopplad från själva verksamheten. Detta gäller framför allt redovisning till Skatteverket och Jordbruksverket. Dessa redovisningar används inte för beslut, men de är ändå rationellt utformade för att uppnå bästa möjliga utfall (skatteutjämning eller jordbruksstöd).
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| 2. |
- Jansson, Andreas, 1978-, et al.
(författare)
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I Heard it through the Grapevine : Market Control of Controlling Family Shareholders
- 2015
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Ingår i: Corporate governance. - : John Wiley & Sons. - 0964-8410 .- 1467-8683. ; 23:6, s. 504-518
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Tidskriftsartikel (refereegranskat)abstract
- Manuscript Type EmpiricalResearch Question/Issue This paper addresses the issue of whether controlling family shareholders are exposed to market control. The paper advances the theory that the expected performance of controlling shareholders, inferred from their track records, is constantly reflected in the market value of controlled firms.Research Findings/Insights By using event-study methodology, we show that unexpected acts that are detrimental to minority shareholder interests performed by controlling family shareholders lead to short-term negative abnormal returns in firms that otherwise are completely unaffected by the detrimental acts, but are controlled by the same family-based business group.Theoretical/Academic Implications The results shed new light on the significance of track records in corporate governance that have implications for research on informal corporate governance mechanisms, governance of family firms, and, possibly, comparative corporate governance. The results also have tentative implications for the understanding of the function of family-controlled business groups consisting of industrially unrelated firms by suggesting a function that has heretofore been neglected.Practitioner/Policy Implications The results have implications for reform work in corporate governance by showing that practitioners and regulators must consider variability in non-legal corporate governance mechanisms when analyzing and attempting to change different national corporate governance systems to achieve desired effects.
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| 5. |
- Eklöv Alander, Gunilla, et al.
(författare)
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The construction of status in the auditor–audit committee relationship
- 2023
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Ingår i: Auditing Transformation. - : Routledge. - 9781032533032 - 9781003411390 ; , s. 46-69
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Bokkapitel (refereegranskat)abstract
- This chapter investigates the construction of status in the relationship between the auditor and the audit committee. Such a study is merited considering that regulation as a driver of corporate governance has been designed towards a regulatory concern with lax audit practice, where the audit committee was presented as a solution. This is, however, a problem not manifested in the Swedish context. The driver was instead connected to the need for companies to follow suit with an Anglo-Saxon regulatory development. The study is informed by interviews with audit committee members and external auditors in large, listed companies and contributes novel insights to the understanding of the transformation of the role of the auditor due to the regulatory driver represented by the audit committees. The findings show a rather paradoxical development where the auditors increase their status through direct access to the board of directors, while also decreasing their status by being reduced to a supplier, among other suppliers of trust and comfort to the directors. The findings are of interest to accounting firms, as well as clients and investors, to recognise the transformation of the status of the auditor in spite of regulations to protect the role.
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| 9. |
- Jansson, Andreas, et al.
(författare)
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Heard it through the grapevine : Reputational control of European business groups with a controlling shareholder
- 2010
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Konferensbidrag (refereegranskat)abstract
- Comparative corporate governance research has recently emphasized the relationship between formal shareholder protection and a number of firm and country-level outcomes, such as breadth and depth of national stock markets and minority expropriation. Stronger formal protection of minority shareholders is argued to lead to lesser opportunities for management or controlling shareholders to expropriate minority investors, and therefore make external funds, both domestic and international, more readily available for financing firms and ownership more dispersed. European countries display a substantial variety on these dimensions. The UK, on the one hand, has comparatively strict formal minority protection, broad and deep stock markets and dispersed ownership, while most continental European countries, on the other hand, generally have less strict formal minority protection, smaller stock markets and more concentrated ownership. There are, however, notable exceptions to this pattern. Swedish corporate governance, for example, paradoxically combines concentrated ownership, widespread use of instruments to separate cash-flow from voting rights, and moderate formal minority protection with a broad and deep stock market, large foreign ownership and comparatively limited minority expropriation. In this paper we propose that Swedish controlling owners’ widespread propensity for forming business groups combining many, often industrially unrelated, formally independent firms help resolve this puzzle. Controlling shareholders with a reputation for acting in the interest of minority shareholders, as most Swedish controlling shareholders arguably have, can capitalize on this reputation by a lower cost of capital; a benefit which is likely to be transferable across firms. However, while forming a business group allows controlling shareholder to capitalize on their reputation, the cost of acting in ways harming minority shareholders is also raised, as a devalued reputation affect all firms in the business group. We present empirical evidence that consistently show that forced delistings in the context of minority protests lead to negative abnormal returns in firms unaffected by the harmful acts, but in which the controlling shareholder orchestrating the delisting holds a significant stake. Business groups exist in different forms and with different frequencies in most European countries and the paper thus sheds light on a governance mechanisms that potentially is of major importance for understanding corporate governance in a number of European countries characterized by concentrated ownership and, in law, relatively unprotected minority shareholders.
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| 10. |
- Jansson, Andreas, et al.
(författare)
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Shareholder primacy and shareholder prominence : Swedish corporate law and the corporate purpose 1848-2005
- 2017
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Konferensbidrag (refereegranskat)abstract
- Despite evidence of global legal convergence in corporate law, Swedish corporate law does not recognize the interest of the corporate entity. Rather, the corporate purpose is explicitly defined as profit generation on behalf of the shareholders. Although this is not fully comparable to the normative stance of shareholder primacy, it is a stance of shareholder prominence. In this paper we trace this position in Swedish legal thinking regarding the corporation, and throughout history, drawing on Sewells eventful temporality approach. We find strong indications of foreign influence on Swedish corporate law, from its introduction in 1848 until the last revision in 2005, although the shareholder prominence position is linked to internal developments in the 1930s: contemporary legal thinking, conservatism of the legal profession and the economic disasters following the Kreuger-crash. This path dependent development led to an inert institution of shareholder prominence, strongly rejecting legal change.
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