| 1. |
- Baros, Aleksandra, et al.
(författare)
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Bank liquidity and capital shocks in unconventional times
- 2023
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Ingår i: European Journal of Finance. - : Taylor & Francis Group. - 1351-847X .- 1466-4364. ; 29:14, s. 1678-1703
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Tidskriftsartikel (refereegranskat)abstract
- This paper examines bank liquidity management following capital shocks under capital and liquidity regulation in a period of unconventional monetary policies. Studying European banks between 2010 and 2018, we find that bank liquidity is generally not affected by a negative capital shock. Capital shocks are nevertheless transmitted into liquidity positions through balance sheet adjustments. Addressing bank-level balance sheet policies, we find that the banks de-risk assets by replacing corporate loans with financial securities, especially if the shock takes place during periods of heightened central bank interventions. Moreover, asset-side-dominant risk-reducing behavior goes against regulatory intent and indicates that regulatory arbitrage considerations affect banks’ responses to shocks. Finally, we document heterogeneous responses by banks depending on their size, type, and country. These findings imply that compliance with regulation may lead to partial shortages in corporate lending, with banks prioritizing investment in government securities in event of a capital shock.
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| 2. |
- Basu Bal, Abhinayan, 1980, et al.
(författare)
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Different Perspectives on Supply Chain Finance – In search of a holistic approach
- 2017
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Ingår i: PLAN’s Research and Application Conference, 25-26 October, Gothenburg.
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Konferensbidrag (övrigt vetenskapligt/konstnärligt)abstract
- This paper discusses from a logistics services, financial and legal standpoint the possibility to deliver SCF solutions to the entire supply chain. Particularly the potential new role of LSPs as independent third parties that can assist in verification and risk assessment for trade financiers or add supply chain finance to the service portfolio. Based on a conceptual model defining supply chain finance and financial supply chain management, the research approach includes conceptual development complemented by financial and legal analysis. The findings in the areas of information asymmetry, visibility, working capital and division of roles can foster innovation in the financial technology arena for greater financial inclusion in international trade.
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| 3. |
- Basu Bal, Abhinayan, 1980, et al.
(författare)
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Different Perspectives on Supply Chain Finance – In search of a holistic approach
- 2018
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Ingår i: Gong, S., Cullinane, K., (Eds.) Finance and Risk Management for International Logistics and the Supply Chain, 1st Edition. - Oxford : Elsevier. - 9780128138304 ; , s. 35-54
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Bokkapitel (refereegranskat)abstract
- This chapter discusses from a logistics services, financial and legal standpoint the possibility to deliver Supply Chain Finance (SCF) solutions to the entire supply chain. Particularly the potential new role of Logistics Service Providers (LSPs) as independent third parties that can assist in verification and risk assessment for trade financiers or add SCF to the service portfolio. Based on a conceptual model defining SCF and financial supply chain management, the research approach includes conceptual development complemented by financial and legal analysis. The findings in the areas of information asymmetry, visibility, working capital and division of roles can foster innovation in the financial technology arena for greater financial inclusion in international trade.
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| 4. |
- Basu Bal, Abhinayan, 1980, et al.
(författare)
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THE ROLE OF LOGISTICS SERVICE PROVIDERS IN ADVANCING SUPPLY CHAIN FINANCE
- 2017
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Ingår i: NOFOMA 2017 Conference, 7-9th of June, Lund.
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Konferensbidrag (övrigt vetenskapligt/konstnärligt)abstract
- This paper investigates from a financial, logistics and legal standpoint the possibility to deliver enhanced supply chain finance (SCF) solutions to small and medium-sized enterprises (SMEs) through logistics service providers (LSPs) who act as validators and increase visibility of supply chains.
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| 5. |
- Beccalli, Elena, et al.
(författare)
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Artificial Intelligence and Ethics in Portfolio Management
- 2020
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Ingår i: Agrifoglio R., Lamboglia R., Mancini D., Ricciardi F. (eds) Digital Business Transformation. Lecture Notes in Information Systems and Organisation, vol 38.. - Cham : Springer. - 9783030473556 ; , s. 19-30
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Bokkapitel (refereegranskat)abstract
- This work in progress aims to explore ethical dilemmas connected to the use of Artificial Intelligence (AI) in financial portfolio management, and their managerial implications. In old school quantitative investing, portfolio allocation decisions are typically based on a well-defined investment strategy. Financial portfolio managers devise and apply investment strategies to maximize expected returns for customers’ portfolios. The introduction of AI-enhanced algorithms enables smart machines to automatically revise and update investment strategies, learning from the past. AI itself might produce significant effects on the gains and losses of the portfolio management strategies, raising ethical dilemmas connected with human versus machine responsibility, accountability, and risk. From the managerial point of view, a new dimension of performance measuring, competence evaluation and incentive allocation is required for managing AI software developers in this area. To explore such dilemmas, empirical evidence is drawn here from MDOTM, an innovative and successful young enterprise developing AI-driven investment strategies for financial markets.
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| 6. |
- Black, Melissa H., et al.
(författare)
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Preventing suicide in post-secondary students : a scoping review of suicide prevention programs
- 2023
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Ingår i: European Child and Adolescent Psychiatry. - : Springer Science and Business Media LLC. - 1018-8827 .- 1435-165X. ; 32:5, s. 735-771
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Forskningsöversikt (refereegranskat)abstract
- Suicide among students enrolled in post-secondary education, including university or college, is a major public health concern. Previous research has examined the effectiveness of suicide prevention programs for this population. However, the effective elements of these interventions remain unknown. This study reviewed the literature on suicide prevention programs for post-secondary students, exploring and identifying those elements likely contributing to their effectiveness. A scoping review process was undertaken exploring suicide prevention programs for post-secondary students. Methodological quality of the articles was assessed, and content analysis was used to explore the programs and their effective elements. Twenty seven articles were included in this review, covering a variety of approaches. Gatekeeper training programs were the most common type of suicide prevention program. Programs for post-secondary students may be effective in improving student rates of engagement with mental health services and were associated with greater knowledge, and help-seeking attitudes and behaviors, and gatekeeper-related outcomes. While evidence was found supporting the effectiveness of some interventions such as gatekeeper programs to influence suicide-related knowledge, attitudes and behaviour, further and more rigorous research surrounding suicide prevention programs for post-secondary students is required, with a particular emphasis on student outcomes.
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| 7. |
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| 8. |
- Cäker, Mikael, 1972, et al.
(författare)
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Diverse Banks, One Regulation
- 2014
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Ingår i: Management Accounting and Control – Perspectives on Public Sector Government, workshop, Trondheim, 14-16 oktober.
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Konferensbidrag (övrigt vetenskapligt/konstnärligt)
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| 9. |
- Elliot, Viktor, et al.
(författare)
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Anti-Money Laundering Regulation and Supply Chain Trade Finance
- 2020
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Ingår i: International Trade Law & Regulation. - 1357-3136. ; 26:4, s. 246-261
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Tidskriftsartikel (refereegranskat)abstract
- New, and stricter, Anti-Money Laundering (AML) and Counter the Financing of Terrorism (CFT) regulations are under progress. This article discusses potential unintended consequences for supply chain trade finance. We elaborate on how banks in the Nordic region have adapted in light of the recent AML scandals and the new regulatory regime.
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| 10. |
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| 11. |
- Elliot, Viktor, et al.
(författare)
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Artificial Intelligence for Decision Makers
- 2020
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Ingår i: Journal of Emerging Technologies in Accounting. - : American Accounting Association. - 1554-1908 .- 1558-7940. ; 17:1, s. 51-55
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Tidskriftsartikel (refereegranskat)abstract
- We propose an exercise with the purpose of providing a basic understanding of key concepts within AI and extending the understanding of AI beyond mathematics. The exercise allows participants to carry out analysis based on accounting data using visualization tools as well as to develop their own machine learning algorithms that can mimic their decisions. Finally, we also problematize the use of AI in decision-making, with such aspects as biases in data and/or ethical concerns.
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| 12. |
- Elliot, Viktor, et al.
(författare)
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Bankboken: hur banker fungerar, drivs och regleras
- 2019
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Bok (övrigt vetenskapligt/konstnärligt)abstract
- Att kanalisera pengar mellan de som har pengar att avvara och de som behöver låna har varit en nyckelfunktion för banker i många hundra år och kommer sannolikt att förbli så under en överskådlig framtid. I Bankboken behandlas hur moderna banker styrs och regleras, vilka rapportkrav de omfattas av och hur riskhanteringen organiseras och utformas. Boken innehåller utförliga beskrivningar av de många bankspecifika begrepp som förekommer inom bankbranschen och sätter dem i sitt sammanhang. Med avstamp i bankens historia åskådliggörs hur banker omformats från små, enkla företag till stora finansiella varuhus som idag utmanas av digitalisering och en allt striktare reglering. Andra områden som diskuteras är bland annat: • hur den tekniska utvecklingen inverkar på banker och vilka effekter den kan tänkas ha på bankernas roll i framtiden • vikten av att särskilja mellan banker och de människor som arbetar där • bankernas roll i samhället och varför de behövs som ett smörjmedel i ekonomin. Bankboken är avsedd för dig som vill skaffa dig en bättre förståelse för varför banker finns, hur de fungerar och hur modern bankverksamhet organiseras, styrs och regleras.
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| 13. |
- Elliot, Viktor, et al.
(författare)
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Basel III, Liquidity Risk and Regulatory Arbitrage
- 2016
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Ingår i: Liquidity Risk, Efficiency and New Bank Business Models. - Cham : Springer International Publishing. - 9783319308180 ; , s. 35-55
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Bokkapitel (refereegranskat)abstract
- This chapter discusses and analyses the incentives for banks to behave opportunistically in order to bypass liquidity constraints and even benefit from regulatory arbitrage. The chapter specifically focuses on the new liquidity constraints introduced by Basel III and provides a number of examples from both on- and off-balance sheet perspectives of how banks are transferring risk to other parts of the economy that might be less well equipped to handle these risks. The chapter concludes by discussing the potential implications of such behaviours for the role banks will play in a liquidity-constrained economy.
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| 14. |
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| 15. |
- Elliot, Viktor, et al.
(författare)
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Business and Biodiversity
- 2024
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Ingår i: Bruncevic, M., Fellman, S. Soderbom, M. and Styhre, A. (Eds) Sustainable World: 100 year Jubileum of School of Business, Economics and Law, University of Gothenburg. - Göteborg : School of Business, Economics and Law, University of Gothenburg. - 9789189838277 ; , s. 85-103
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Bokkapitel (övrigt vetenskapligt/konstnärligt)
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| 16. |
- Elliot, Viktor, et al.
(författare)
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CEOs’ understanding of blockchain technology and its adoption in export-oriented companies in West Sweden: a survey
- 2021
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Ingår i: Journal of Global Operations and Strategic Sourcing. - 2398-5364.
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Tidskriftsartikel (refereegranskat)abstract
- Purpose – The purpose of this paper is to study current practices in adopting blockchain technology amongst export companies in West Sweden and to capture their CEOs’ knowledge of and attitudes towards blockchains. Design/methodology/approach – Factors enabling or hindering the adoption of blockchains were identified from a comprehensive literature review and a survey of 72 chief executive officers (CEOs) of exportoriented firms in West Sweden, all with turnovers exceeding e2m, regarding their knowledge of and attitudes towards blockchains. Findings – Blockchain technology is not currently perceived to provide benefits that would outweigh the costs of introducing it into West Sweden’s export firms. Nevertheless, the findings suggest that such technology, though currently too immature to meet today’s industrial requirements, could experience more widespread use if certain key factors (i.e. lower cost, traceability, improved security or trustworthiness and new blockchain-enabled business models) are prioritised. Research limitations/implications – Answered by 72 CEOs, the survey achieved a response rate of 6%, meaning that the findings are only exploratory. Even so, they offer new insights into CEOs’ attitudes towards blockchain technology. Practical implications – The CEOs reported comparatively limited knowledge of and experience with implementing blockchains, the lack of which has hampered their large-scale implementation in multi-actor supply chains. Social implications – Negative sentiment amongst CEOs towards blockchain technology may lower onthe-job satisfaction amongst tech personnel aspiring to develop and implement blockchain applications in their firms. Originality/value – Knowledge of and attitudes towards blockchain technology amongst top-level managers, as well as about factors enabling or hindering its adoption, guide managers in crafting strategies for implementing blockchains in their organisations and maximising the benefits therein. Unlike past studies focussing on technological aspects or views of experts and middle-management, the study was designed to capture the views of CEOs.
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| 17. |
- Elliot, Viktor, et al.
(författare)
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Does bank regulation spill over to firm financing? : SME financing, bank monitoring, and the efficiency of the bank lending channel
- 2018
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Ingår i: Contemporary issues in banking. - Basingstoke : Palgrave Macmillan. - 9783319902944 - 9783319902937 ; , s. 279-302
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Bokkapitel (refereegranskat)abstract
- This chapter analyses spill over between banks and firms when required bank capital is regulated. We contribute to the existing literature by addressing different regulatory responses with an impact on the supply and demand of bank lending. The chapter contributes to the growing literature addressing the unintended consequences of regulatory policy development. The study empirically compares the regulatory responses of Swedish banks and how these responses affect lending to Swedish SMEs. The theoretical framework and methodology employed in this chapter make it possible to study theories related to bank monitoring, regulatory arbitrage opportunities, and the risk-return trade off. The main results indicate that banks’ regulatory responses are associated with increasing lending margins, either by (1) increasing the margin on the loan portfolios, spilling over the regulatory costs through higher prices, (2) lower acceptance of lower return customers, or (3) regulatory arbitrage through balance sheet adjustments.
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| 18. |
- Elliot, Viktor, et al.
(författare)
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Does bank regulation spill-over to firm financing? SME financing, bank monitoring and the efficiency of the bank lending channel
- 2017
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Ingår i: 2017 Wolpertinger Conference, 31 August - 2 September, Santander.
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Konferensbidrag (övrigt vetenskapligt/konstnärligt)abstract
- This paper analyses spill over between banks and firms when capital is regulated. The current empirical findings and theories observe effects (positive or negative) mainly on SME’s. We contribute to the existing literature by combining determinants of demand and supply of bank credits with respect to both bank and firm options of alternative, or no funding. The study empirically compares Swedish banks and Swedish SME funding with respect to capital regulation in banking. This makes it possible to simultaneously study theories regarding bank monitoring, competition and regulatory arbitrage opportunities with respect to regulations. The main results indicate that there are no effects to the volume of loans from banks, but a significant impact on the loan prices, which we can explain by racing for yield and regulatory arbitrages by the banks.
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| 19. |
- Elliot, Viktor, et al.
(författare)
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Does bank regulation spill-over to firm financing? SME financing, bank monitoring and the efficiency of the bank lending channel.
- 2018
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Ingår i: Contemporary Issues in Banking: Regulation, Governance and Performance. - Basingstoke : Palgrave Macmillan. - 2523-336X. - 9783319902937 ; , s. 279-302
-
Bokkapitel (refereegranskat)abstract
- This chapter analyses spill over between banks and firms when required bank capital is regulated. We contribute to the existing literature by addressing different regulatory responses with an impact on the supply and demand of bank lending. The chapter contributes to the growing literature addressing the unintended consequences of regulatory policy development. The study empirically compares the regulatory responses of Swedish banks and how these responses affect lending to Swedish SMEs. The theoretical framework and methodology employed in this chapter make it possible to study theories related to bank monitoring, regulatory arbitrage opportunities, and the risk-return trade off. The main results indicate that banks’ regulatory responses are associated with increasing lending margins, either by (1) increasing the margin on the loan portfolios, spilling over the regulatory costs through higher prices, (2) lower acceptance of lower return customers, or (3) regulatory arbitrage through balance sheet adjustments.
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| 20. |
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| 21. |
- Elliot, Viktor, et al.
(författare)
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Funds Transfer Pricing in Banks: Implications of Basel III
- 2015
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Ingår i: Elliot, V. Essays On Performance Management Systems, Regulation and Change in Swedish Banks. - Göteborg : BAS. - 9789172463370
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Bokkapitel (övrigt vetenskapligt/konstnärligt)abstract
- Funds transfer pricing (FTP) is widely acknowledged as an important part of banks’ performance management systems. This paper analyses the implications of Basel III on efficient FTP practices in banks. We report the empirical findings related to the current adaptation process in two large Swedish banks. The case findings lead us to consider the theoretical implications for efficient FTP practices in banks operating on oligopolistic and oligopsonistic markets, respectively.
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| 22. |
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| 23. |
- Elliot, Viktor, et al.
(författare)
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Indebtedness, Over-Indebtedness and Wellbeing
- 2019
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Ingår i: Indebtedness in early adulthood : causes and remedies / Jeanette Carlsson Hauff, Tommy Gärling, Ted Lindblom, editors.. - Cham Schweiz : Palgrave MacMillan. - 9783030139957 ; , s. 21-48
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Bokkapitel (övrigt vetenskapligt/konstnärligt)
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| 24. |
- Elliot, Viktor
(författare)
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Institutional entrepreneurship and change A contemporary history of the Swedish banking industry and its performance management systems
- 2016
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Ingår i: Journal of Accounting and Organizational Change. - : Emerald. - 1832-5912. ; 12:2, s. 223-251
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Tidskriftsartikel (refereegranskat)abstract
- Purpose - Using Arroyo's (2012) institutional entrepreneurship (IE) framework, the purpose of this paper is to enhance our understanding of how top managers interpret change in the macro-political and economic environment and integrate it into their performance management systems (PMSs). Design/methodology/approach - The paper combines multiple data sources to study PMS change in the big four Swedish banks over the deregulations' first quarter of a century. Findings - The findings support previous research by identifying IE as a collective phenomenon. Moreover, it points to the importance of distinguishing between different types of field-level events, when investigating change initiated by such events. Finally, the findings also indicate that change at different levels of analysis have separate timings, advising future research on change to pay closer attention to the aspect of time. Social implications - The paper tests Arroyo's (2012) multi-level framework in an accounting setting and specifically focuses on top managers' interpretation and integration of field-level events. It does so in the specific context of banks and thereby contributes to our understanding of how different field-level events affect banks' PMS. In the post-financial crisis era, organizational and accounting scholars should engage time and effort to better understand this complex industry, not least to advice policymakers and regulators in the ongoing re-regulation of the financial markets. Originality/value - Inspired by organizational studies of IE, this paper uses a longer time-frame and includes more organizations, than conventional management accounting case studies. By studying a field, rather than a single organization, the paper opens up to a "wider perspective" on PMS change.
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| 25. |
- Elliot, Viktor, et al.
(författare)
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Internprissättning
- 2018. - 11
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Ingår i: Controllerhandboken. - Stockholm : Liber. - 9789147127016 ; , s. 343-365
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Bokkapitel (övrigt vetenskapligt/konstnärligt)
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| 26. |
- Elliot, Viktor, et al.
(författare)
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National implications of EU harmonization - The case of banks' reporting requirements in Sweden
- 2019
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Annan publikation (övrigt vetenskapligt/konstnärligt)abstract
- The purpose of this paper is to discuss how internationally formulated policies and regulation of banks affect national supervisory practices and what consequences this may have on the form and quality of banking supervision conducted on the national level. Using the case of Swedish banks’ reporting requirements, we argue that the last decade of EU level regulatory reforms are motivated by a different “regulatory agreement” (Young 2016) than the Swedish one. In the decade since the global financial crisis 2007-2009, banking regulation reforms appear to be shaped by a view that all financial institutions are more or less immoral and cannot be trusted to self-regulate. The development can be characterized as a move from a dialogue based relationship between the supervisor and the supervised (Roberts, 2009) and being based on fairly high levels of trust (Tomkins, 2001), to a more quantitative and centralized supervision based on collection and comparison of large amounts of standardized quantitative data. We argue that Swedish financial regulation and supervision traditionally were based on the notion of dialogue and mutual trust and less on extensive reporting requirements. Thus, for Sweden to conform to the post-crisis international regulatory framework, this means abandoning what appears to be a fairly well-functioning national arrangement.
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| 27. |
- Elliot, Viktor, et al.
(författare)
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One Regulation, Diverse Banks
- 2016
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Ingår i: Bank regulation : effects on strategy, financial accounting and management control / edited by Anna-Karin Stockenstrand and Fredrik Nilsson.. - New York : Routledge, 2016. | Series: Routledge studies in accounting ; 19 : Routledge. - 9781138680500
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Bokkapitel (refereegranskat)
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| 28. |
- Elliot, Viktor, et al.
(författare)
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Regelutvecklingen från Basel I till Basel IV och Finansinspektionens relation till svenska sparbanker
- 2019
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Ingår i: Finansiell Reglering och Tillsyn. - Lund : Studentlitteratur. - 9789144131757 ; , s. 111-133
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Bokkapitel (övrigt vetenskapligt/konstnärligt)abstract
- Finansiella företag, såsom banker och försäkringsbolag, måste leva upp till omfattande krav på sin verksamhet. Det handlar om komplexa och detaljerade regelverk, samt kontroll av denna regelefterlevnad genom myndighetstillsyn. Boken belyser och diskuterar utvecklingen när det gäller regleringen av och tillsynen över finansiella företag inom EU och Sverige, inte minst efter den globala finanskrisen 2007-2009. Finansiell reglering och tillsyn samlar en rad ekonomiska, juridiska och historiska texter om olika reglerings- och tillsynsfrågor. Samtliga av bokens författare är verksamma inom områden som på olika sätt berör regelverk, regelefterlevnad, redovisning och övervakning av finansiella företag. De är både praktiker och forskare, vilket gör att läsaren får ta del av såväl teoretiska perspektiv som praktiska erfarenheter. Boken illustrerar den bredd av frågeställningar som ryms inom området och ger samtidigt en fördjupad förståelse för de olika utmaningar som boken lyfter.
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| 29. |
- Elliot, Viktor, et al.
(författare)
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Supply chain finance is not for everyone
- 2020
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Ingår i: International Journal of Physical Distribution and Logistics Management. - 0960-0035. ; 50:9/10, s. 775-807
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Tidskriftsartikel (refereegranskat)abstract
- Logistics service providers (LSPs) have unique resources and capabilities that position them to deliver supply chain finance (SCF) solutions. The study aims to discuss and illustrate the necessary resources and process of value creation and capture of LSPs, potentially offering SCF solutions. Relying on a theoretical framework, combining a resource-based view (RBV) with the literature on SCF, the authors apply an abductive case study methodology, including 11 interviews with representatives from four LSPs. The main findings are as follow: (1) although an LSP has sufficient resources for value-added SCF solutions, it may not capture enough value to motivate realising them; (2) an LSP considering offering SCF should account for the interaction between its resources and cargo transit times, risk and regulatory restrictions and (3) future studies should distinguish between financing the logistics services and the moved products. The authors contribute to the growing field of SCF research by analysing motives and barriers for LSPs to offer SCF service to their customers. Because none of our case companies decided to move beyond experimentation further research is needed on the resources and capabilities needed for LSPs to successfully venture into SCF. The study provides LSPs with clear indications of the difficulties involved when contemplating a move into SCF solutions and discusses the potential value of offering such services. Despite evidence of LSPs engaging in SCF in various industries, academic contributions do not go beyond operational conditions or quantification of benefits. The authors add evidence on how LSPs are currently evaluating the prominence of adding SCF to their value offerings, including a new perspective on resources, value generation and capture mechanisms.
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| 30. |
- Elliot, Viktor, et al.
(författare)
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Supply chain finance is not for everyone: Are logistics service providers willing to advance supply chain finance?
- 2019
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Ingår i: The 28th International Purchasing and Supply, Education and Research Association (IPSERA) Conference, 14-17 April, Milan.
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Konferensbidrag (övrigt vetenskapligt/konstnärligt)abstract
- The aim of the paper is to explore why and how logistics service providers (LSPs) could take a more active role in the financial supply chain. To achieve the aim, we embark on a single case study with one of the largest LSPs in world. The case firm is rather reluctant to engage in the financial supply chain, which is motived by the risk averse nature of the firm, the non-core nature of finance to the LSP and the immature nature of existing solutions.
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| 31. |
- Elliot, Viktor, et al.
(författare)
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The determinants of covered bonds funding strategies
- 2017
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Ingår i: Banks and Financial Markets in Times of Uncertainty, Essex 7-8th of July 2017.
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Konferensbidrag (övrigt vetenskapligt/konstnärligt)abstract
- The paper analyses funding strategies of Swedish banks with focus on covered bonds. Based on reposts of assets, which are pledged as a collateral to specified covered bonds issues, and disclosed characteristics of the covered pool, we examine cross effect of the covered bonds funding usage on the structural subordination of junior debt-holders and its effect on the cost of bank funding. Specifically, two funding strategies are considered: first, the usage of SPV (special purpose vehicle) for covered bonds and, second, the direct issuance by mortgage originator. The study provides evidence of the relationship between asset encumbrance levels and the covered bonds usage.
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| 32. |
- Elliot, Viktor, et al.
(författare)
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The Impact of Recent Regualtory Reform on the Use of Supply Chain Finance: The Case of Reverse Factoring
- 2018
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Ingår i: Contemporaty Issues in Banking. Eds. García-Olalla, M. & Clifton, J.. - Cham, Switzerland : Palgrave Macmillan. - 2523-336X .- 2523-3378. - 9783319902937
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Bokkapitel (refereegranskat)abstract
- Short-term structured trade finance has traditionally received preferred capital treatment by regulators and financial agencies based on the premises that it was one of the safest, most collateralized and self-liquidating forms of bank assets (cf. Auboin and Blengini, 2014). Despite this preferential treatment concerns have been raised over the potential impact of the Basel III requirements on various trade finance instruments (see, for example, Auboin, 2010; Auboin and Blengini, 2014; CGFS, 2014; Lasaga, 2016; Michalski, Ors, and Demir, 2016). In this paper, we aim to deepen our understanding on how bank’s use trade finance in relation to other lending in light of the new regulations. We explore banks’ increasing use of SCF in the form of reverse factoring and its impact on overall value creation in supply chains. In particular, we analyze the motives for the implementation RF programs, how such programs compare with traditional factoring and other trade finance arrangements and whether its regulatory treatment provides further motives for banks to expand this line of business. Key
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| 33. |
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| 34. |
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| 35. |
- Elliot, Viktor, et al.
(författare)
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The impact of recent regulatory reforms on cross-border correspondent banking: A study of the Nordic markets
- 2018
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Ingår i: Wolperting Conference on Banking and Finance.
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Konferensbidrag (övrigt vetenskapligt/konstnärligt)abstract
- Banks are fundamental to trade between countries and the relationships between banks in different countries are part of the global infrastructure. In recent years this infrastructure has been put under pressure by stricter regulations, both within the Basel III agenda and with regards to money laundering and terrorist financing. The Financial Stability Board (FSB, 2016, p. 3) notes that “A decline in the number of correspondent banking relationships is a source of concern for the international community because it may affect the ability to send and receive international payments, or drive some payment flows underground, with potential consequences on growth, financial inclusion, as well as the stability and integrity of the financial system,”. Still, present analyses of cross-border banking remain anecdotal and tend to focus on dyadic buyer/supplier relationships. In this study, we present empirical results from interviews with the six leading Nordic banks and the Swedish export credit agency. We find that although all six banks have significantly reduced the number of correspondent banking relationships (CBRs), they approach the reduction in different ways. This means that their regulatory responses are similar at an aggregate level but quite different on the individual basis. The results further indicate that compliance costs have risen extensively with potential implications on trade.
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| 36. |
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| 37. |
- Elliot, Viktor, et al.
(författare)
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Toward soundness in provision of credits and loans.
- 2019
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Ingår i: Indebtedness in Early Adulthood. Causes and Remedies.. - Cham Schweiz : Palgrave MacMillan. - 9783030139957 ; , s. 153-175
-
Bokkapitel (refereegranskat)abstract
- Historically, over-indebtedness was a problem to be addressed at the nation-level across the European Union (EU). Today it has become a cross-European topic dealt with at an EU-level. In this chapter, we emphasize the policy measures that can be implemented to reduce excessive debt reliance and the potential implications of such policy measures. The policy measures discussed here include credit market regulation, consumer protection, early identification, and prevention of over-indebtedness. We conclude that coordination between these measures is pivotal in order to provide incentives for both young borrowers and creditors to make sound decisions.
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| 38. |
- Elliot, Viktor, et al.
(författare)
-
Wealthy individuals: Not to be overlooked when thinking ESG investment strategy
- 2022
-
Ingår i: Journal of Financial Transformation. - 1755-361X. ; 56, s. 110-116
-
Tidskriftsartikel (övrigt vetenskapligt/konstnärligt)abstract
- Philanthropy has a long-standing tradition among wealthy individuals. Their donations have the potential to make important positive contributions to a range of causes. We argue that the philanthropic efforts made by this powerful demographic in part correspond to the common definition of environmental, social, and governance (ESG) or sustainable investment practices more broadly. The wealthy, therefore, cannot be overlooked when we think about sustainable investing. We describe the philanthropic attitudes and giving behavior in a sample of 417 wealthy individuals with at least U.S.$5.5 million to invest. We focus on the motivations behind their donations, and more specifically giving to environmental causes, which can inform sustainable investment intentions. Our findings are relevant to the wealth management industry that seeks to increase its understanding about this demographic and for organizations as they develop their ESG strategies.
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| 39. |
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| 40. |
- Fasth, Jonas, et al.
(författare)
-
Crisis management as practice in small- and medium-sized enterprises during the first period of COVID-19
- 2022
-
Ingår i: Journal of Contingencies and Crisis Management. - : Wiley. - 0966-0879 .- 1468-5973. ; 30:2, s. 113-224
-
Tidskriftsartikel (refereegranskat)abstract
- This article draws attention to the social context and working methods in crisis management. Based on 1000 interviews with business leaders in Swedish small- and medium-sized enterprises (SMEs), we analyze crisis management in practice and ask: What social contexts do business leaders use in crisis management, and what working methods do they rely on? Most companies in this study do not have any form of crisis group; rather, they deal with issues reactively as they occur. Few of the companies work continuously with a crisis plan and only slightly more than half of those that have crisis plans report that it has been helpful in dealing with the COVID-19 situation. The study concludes that Swedish SMEs seem reliant upon a process that has an emerging nature whereby decisions are largely based on gut feeling. However, the companies in our sample that experienced a significant revenue decline due to the COVID-19 situation report that they employ a more centralized and deductive approach with reports and documents as a basis for their work. The study contributes to a developed understanding of how crisis management works in practice.
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| 41. |
- Fasth, Jonas, et al.
(författare)
-
Krishantering i SMEs - en studie av Svenska SMEs hantering av covid-19 situationen
- 2020
-
Rapport (övrigt vetenskapligt/konstnärligt)abstract
- För att studera när och hur SMEs i Sverige förstod innebörden och omfattningen av Covid-19 spridningen, vilken påverkan den fått på deras verksamheter samt vilka åtgärder de vidtagit för att hantera situationen har 1000 slumpmässigt utvalda företagsledare i svenska SME företag intervjuats via telefon under juni 2020. Studien visar att: • Den största andelen av respondenterna (50%) kom att förstå situationens innebörd under mars månad och att förståelsen primärt utvecklades med hjälp av den information som massmedia förmedlade (39%), men där andra källor till förståelse var en minskad efterfrågan på företagets produkter (19%), och samtal med personer i sitt nätverk (13%). • Den generella påverkan på företagen är blandad. 48% av respondenterna uppger att deras företag har en oförändrad, eller till och med förbättrad, omsättning jämfört med hur det var innan pandemins utbrott; 17% har fått erfara en nedgång med upp till 20%,; 21% av företagen rapporterar om en nedgång på 20-50%; medan 10% av företagen har drabbats av en nedgång med 50% eller mer. • Bland de 100 värst drabbade företagen är det endast sju stycken som säger sig vara tvungna att avsluta verksamheten inom 6 månader under nuvarande omständigheter, och 30 av dessa företag säger sig kunna överleva i mer än 1 år under nuvarande omständigheter. • 65 av de 100 värst drabbade företagen uttrycker en positiv eller mycket positiv framtidstro. Endast 12 av företagen i denna kategori uttrycker en negativ eller mycket negativ framtidstro. • Covid-19 krisen, för de företag som upplever en kris, är efterfrågerelaterad. Företag med störst nedgång i omsättning förklarar det i första hand med minskad efterfrågan från kunderna och inte problem med underleverantörer eller den egna produktionen/leveransen. • Som positiva effekter av Covid-19 situationen nämns en högre efterfrågan på företagens tjänster/produkter (18%), införsel av effektivare arbetsmetoder som exempelvis videomöten (13%), och en förändrad företagskultur innehållande en bättre sammanhållning och en mer ödmjuk attityd (8%). 49 % av respondenterna upplever emellertid inte några positiva effekter till följd av Corona-situationen. I förhållande till de fördelar som lyfts fram inom litteraturen om krishantering var det få som såg möjligheten till innovation och utveckling av alternativa produkter och tjänster i den uppkomna situationen. • Studiens företag har i genomsnitt fattat initiala beslut inom 0,9 åtgärdsområden, medan motsvarande genomsnitt för krisföretagen är 1,1 åtgärdsområden. Endast 6 krisföretag tog initiala beslut som berörde 3 insatsområden eller fler. Den initiala hanteringen av beslut kan därför beskrivas som passiv. • De huvudsakliga initiala besluten från företagens sida var att minska smittspridningen och att säkerställa ekonomi och likviditet. Bland normalföretagen låg smittspridningen i fokus, medan uppmärksamheten hos krisföretagen i första hand riktades mot situationens ekonomiska konsekvenser och de åtgärder som utifrån dessa behövde vidtas. 47% av krisföretagen uppger att det första beslut som togs var att permittera personal, där motsvarande siffra bland normalföretagen är 4%. • Det primära insatsområdet för såväl normalföretag som krisföretag var på personalsidan, men medan normalföretagens mest frekvent nämnda åtgärdsområde är social distansering och striktare hygieniska riktlinjer (29%) handlar krisföretagens åtgärder i första hand om permittering (43%), varsel (7%) och uppsägning av personal (9%), även om också social distansering och striktare hygieniska riktlinjer utgör en väsentlig andel av de åtgärder som nämns hos krisföretagen (17%). • 6,5% av i studien deltagande företag kan sägas ha nyttjat distansarbete som en åtgärd för att hantera Corona-situationen. • Studiens företag har i genomsnitt genomfört aktiviteter inom 1,4 åtgärdsområden. Bland krisföretagen finns det 31 företag som inte genomfört några aktiviteter, medan övriga krisföretag i genomsnitt genomfört insatser inom 2,3 åtgärdsområden. Endast 44 krisföretag har arbetat med fyra åtgärdsområden eller fler. När det gäller genomförda aktiviteter kan företagen därför beskrivas som passiva. • Bland krisföretagen anser 68% av respondenterna att situationen ställer särskilda krav på ledarskapet, medan motsvarande siffra hos normalföretagen är 43,5%. Ökad hantering av extern information om situationens utveckling och en utökad vardaglig dialog med medarbetare för att hantera den ångest och oro som kan uppstå hos dem anses vara mest utmärkande för ledarskapet under denna kris. Fler möten, längre möten och/eller en utökad vardaglig dialog i syfte att skapa mesta möjliga kommunikation med sina medarbetare utgör de främsta verktygen för att stödja sina medarbetare i denna utmanande situation. • De allra flesta företag (68%) använder sig inte av någon form av krisgrupp, utan hanterar aktuella frågor i vardagen. Bara 7% av företagen använder sig av en särskilt utsedd krisgrupp för att hantera Covid-19 situationen, medan det i 25% av företagen är ledningsgruppen som fungerar som en krisgrupp. • Externa rådgivare har nyttjats av 11% av företagen, där 4% uppger att de nyttjat Almi som bollplank i krisarbetet. • 72% av respondenterna uppger att de inte hade någon form av kontinuitetsplan/krisplan för riskhantering innan pandemins utbrott. 13% uppgav att de visserligen fanns en plan, men att den inte uppdaterades regelbundet, medan 14% sade sig ha en regelbundet uppdaterad kontinuitetsplan/krisplan för riskhantering innan pandemins utbrott. Endast 10% av företagen arbetade kontinuerligt med en krisplan och upplever att den varit till hjälp för att hantera situationen som uppstått på grund av Covid-19. • Den sammantagna bilden är att företagen för att hantera Covid-19 situationen till övervägande del använt sig av en process med framväxande karaktär där beslut i hög grad tas på magkänsla, men för många i kombination med användande av dokument, rapporter och prognoser. Inslagen av strukturerade processer och beslut tagna baserat på rapporter och prognoser är emellertid mer vanligt förekommande bland krisföretagen
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| 42. |
- Fasth, Jonas, et al.
(författare)
-
Small and medium-sized enterprises response to Covid-19: The effect of external openness and procedural management
- 2023
-
Ingår i: International Small Business Journal: Researching Entrepreneurship. - : SAGE Publications. - 0266-2426 .- 1741-2870. ; 41:5, s. 465-487
-
Tidskriftsartikel (refereegranskat)abstract
- Crisis management research is strongly influenced by the behaviour of large multinationals with few insights into how small and medium sized enterprises (SMEs) mitigate the negative effects of exogenous shocks such as the Covid-19 pandemic. Inspired by the capability-based view on crisis management, we postulate that management openness and degree of interactivity determine SME crisis response. We test our theoretical model with an original dataset of 902 Swedish SMEs compiled from a telephone-based survey conducted in June 2020. We find that formalised procedures for crisis management and openness to input from others, particularly external actors, enhances an organisation’s ability to make a decisive rapid response. We discuss our findings and suggest that formalised procedures and openness are important components of an SME’s rapid response capability.
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| 43. |
- Hagberg, Johan, 1973, et al.
(författare)
-
Försäkringsbolaget i de digitala ekosystemen – nya former av intermediering
- 2021
-
Rapport (övrigt vetenskapligt/konstnärligt)abstract
- Rapporten redovisar resultat från projektet Försäkringsbolaget i de digitala ekosystemen – nya former av intermediering. Projektets syfte har varit att belysa hur framväxande digitala ekosystem inverkar på försäkringsbranschens funktion som intermediär med specifikt fokus på 1) hur olika digitala ekosystem är utformade och vilka implikationer det har för intermediering av försäkringar, 2) hur tillgången till data i digitala ekosystem kommer att påverka försäkringsbolagets prissättning och riskbedömningar, samt 3) hur lokal respektive digital närvaro inverkar på försäkringstagare i framväxande digitala ekosystem. I rapporten ges en bakgrund till den pågående digitalisering som tar fasta på tio dimensioner av förändring från en industriell logik till en digital logik, följt av en beskrivning av den svenska försäkringsbranschen och förändring till följd av digitalisering fram till idag. Därefter beskrivs och diskuteras framväxande digitala ekosystem, olika aktörer som verkar i digitala ekosystem och hur det påverkar intermediering av försäkring. Detta följs av en analys av den informationsasymmetri som präglar försäkringsbranschen och hur denna påverkas av digitalisering. Därefter riktas fokus mot konsumenter i digitala ekosystem och specifika konsekvenser för försäkring när det gäller frågor kring integritet och betydelsen av lokal närvaro. Slutligen presenteras övergripande slutsatser utifrån projektets forskningsfrågor. Rapporten visar framväxten av digitala ekosystem där försäkring antingen är en central- eller komplementär komponent och där såväl etablerade försäkringsaktörer som nya aktörer är drivande. Framväxten av digitala ekosystem kan bidra till att förändra intermediering av försäkring genom uppdelning av försäkringserbjudandet respektive sammanslagning i mer omfattande värdeerbjudanden. Rapporten visar på en tydlig fortsatt ökning av tillgången till och användningen av nya datakällor för att både stödja och vidareutveckla försäkringsaffären, vilket kommer att medföra behov av att förstärka och förnya existerande praxis kring prissättning och riskbedömning. Vidare visar rapporten på hur lokal närvaro utgör en del av mer omfattande frågor kring integritet, vilka blir alltmer betydande för försäkringstagare i framväxande digitala ekosystem.
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| 44. |
- Lindblom, Ted, 1956, et al.
(författare)
-
Basel III, liquidity risk and regulatory arbitrage
- 2015
-
Ingår i: Presented at the European Association of Teachers of Banking and Finance annual conference, Wolpertinger 2015, 2-5 September, Granada, Spain.
-
Konferensbidrag (övrigt vetenskapligt/konstnärligt)
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| 45. |
- Lindblom, Ted, 1956, et al.
(författare)
-
Funds Transfer Pricing, Liquidity Premium, and Market Structure
- 2018
-
Ingår i: FMA 2018 European Conference, 13 - 15 June Kristiansand, Norway.
-
Konferensbidrag (refereegranskat)abstract
- Funds transfer pricing (FTP) is widely acknowledged as an important part of banks’ asset and liability management (ALM). This paper makes two contributions to the existing FTP-theory. First, we analyze the implications of adding a liquidity premium to the FTP. Second, since a majority of the existing banking markets are dominated by a limited number of large banks we also cover the case of kinked demand and supply curves on oligopolistic and oligopsonistic competition, respectively.
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| 46. |
- Magnusson, Johan, 1976, et al.
(författare)
-
Digital Transformation: Why Companies Resist What They Need for Sustained Performance
- 2021
-
Ingår i: Journal of Business Strategy. - 0275-6668. ; 43:5, s. 316-322
-
Tidskriftsartikel (refereegranskat)abstract
- The purpose of this study is to contribute to firms’ capabilities of digital transformation through the identification of strategies for digital decoupling and recoupling.The paper reports from multiple studies utilizing a combination of methods such as case-studies and clinical studies. The method of analysis involves the revisiting of vignettes from interactions with practitioners with the purpose of analyzing patterns in responses to digital transformation. The findings consist of four strategies employed by organizations and individuals in the decoupling of digital from their existing operations. Digital decoupling affords the organization the possibility of remaining largely unaffected by digital transformation. We also present four digital recoupling strategies that are employed to succeed with digital transformation. The study is limited by the analytical approach of drawing from multiple previous studies. The research implications consist primarily of a contribution to a better understanding of why and how digital transformation is constrained. The four strategies of digital decoupling can be used to identify behavior in organizations that limit digital transformation. The four strategies of digital recoupling can be used to instigate a more successful digital transformation. The study is the first to identify digital decoupling strategies as a micro-foundation for organizational resistance to digital transformation.
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| 47. |
- Paananen, Mari, 1963, et al.
(författare)
-
Internal Carbon Pricing in Research and Practice
- 2023
-
Ingår i: The Routledge Handbook of Green Finance. - London : Routledge. - 2151-6561 .- 2199-8639. - 9781003345497
-
Bokkapitel (refereegranskat)abstract
- Green finance is heralded in theory and practice as the new panacea - the ideal way to support the green transition of businesses into more sustainable, environmentally responsible forms, by means of incentivized financial investments. This handbook brings together a variety of expert scholars with industry specialists to offer the most authoritative overview of green finance to date, presenting the current situation in the field. It focuses on green finance in a comprehensive way, discussing its characteristics, underlying principles, and mechanisms. The book carefully illuminates the issues surrounding green finance and delineates its boundaries, mapping out and displaying the disparate voices, traditions, and professional communities engaged in green and sustainable finance activities. Specifically, it examines the “environmental” in the environmental, social, and governance (ESG) measurements, while also discussing the interplay between each measurement. It develops a range of analytic approaches to the subject, both appreciative and critical, and synthesizes new theoretical constructs that make better sense of hybrid financial relationships. Furthermore, the handbook illustrates existing best practices and theories, and critically examines the gaps to derive the necessary future research questions. It highlights the essential issues and debates and provides a robust research agenda. As such, it helps to create an effective market for the various green financing instruments through clarification and standardization. This handbook will be the standard reference work for a broad audience, encompassing scholars, researchers, and students but also interested professionals, regulators, and policymakers wishing to orient themselves in a rapidly developing and increasingly topical field.
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| 48. |
- Parviziomran, Elmira, 1990, et al.
(författare)
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Barriers to circular economy: Insights from a small electric vehicle battery manufacturer
- 2024
-
Ingår i: Journal of Purchasing and Supply Management. - 1478-4092. ; 30:2
-
Tidskriftsartikel (refereegranskat)abstract
- Small and medium enterprises (SMEs) play a crucial role in the transition to circular economy (CE). The CE transition for lithium-ion batteries (LIBs) with a focus on manufacturing SMEs underpins this research, which explores the potential barriers to implementing a CE business model. Barriers to CE transition are a growing research area, and this study makes two key contributions to the literature. First, we explore the interactions between different barriers to CE transition. Second, we do this through an in-depth case study of a small enterprise at the center of the electrification and mobility ecosystem that specializes in high-voltage batteries for special vehicles. Our results show that barriers related to the regulatory framework, market structure, actors and their attitudes, structure, technology, and tools hinder CE transition. Moreover, the interactions between these barriers keep the system unbalanced by reinforcing loops and making CE transition more challenging.
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| 49. |
- Parviziomran, Elmira, 1990, et al.
(författare)
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Financing dynamics in sustainable heavy-duty road transport: An agent-based modeling approach
- 2024
-
Ingår i: Transportation Research Part D: Transport and Environment. - 1361-9209. ; 132:July 2024, s. 1-23
-
Tidskriftsartikel (refereegranskat)abstract
- This research delves into sustainability within the road freight transport sector, focusing on how financing policies interact with the capital structures of haulage companies. Employing an agentbased model inspired by Sweden’s freight sector, we simulate strategies for fleet replacement while considering financial health and balance sheets. Hauliers are portrayed as agents with financial attributes sourced from real-world financial statements. Their financing decisions are informed by pecking order theory. Through a series of scenario tests, we simulate the impacts of policy interventions on hauliers’ transition trajectories. Our findings highlight the challenges associated with integrating electric trucks, attributed to limited financing avenues. Both internal and equity financing are found to be inadequate, while debt financing raises concerns about credit risks. These findings remain robust even when incentives like subsidies and reduced interest rates on loans are introduced. The study underscores the intricate interplay between financial factors and sustainable heavy-duty road transport.
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| 50. |
- Parviziomran, Elmira, 1990, et al.
(författare)
-
The effects of bargaining power on trade credit in a supply network
- 2023
-
Ingår i: Journal of Purchasing and Supply Management. - : Elsevier BV. - 1478-4092. ; 29:1
-
Tidskriftsartikel (refereegranskat)abstract
- We develop a multi-tier supply network model, rooted in social network theory, to evaluate the effect of bargaining power on trade credit and to track the effect of buyers' trade credit on suppliers' trade credit. We apply social network analysis to measure companies' bargaining power in the supply network of Hennes & Mauritz AB (H&M, the Swedish clothing retailer). The results show that the buyer's bargaining power significantly affects the choice of trade credit, and that the supplier's “upstreamness” is significantly associated with its trade credit. We find limited evidence to support the notion of a financial bullwhip effect, a result that merits further research, since this study is limited to the network of one company up to its fourth tier of suppliers in one financial year. Our results can be applied by companies seeking to control their cash flow and, therefore, the financial pressure within their supply network. This study contributes to the literature by bringing social network measures into the buyer–supplier financial flow, as well as offering one of the first empirical examinations of the propagation of financial pressure in a multi-tier supply network.
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