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Cross-Ownership and the Takeover Deterrence

Nyberg, Sten - Institutet för Näringslivsforskning (IFN) - 1989

Firms having significant shareholdings in one another is not an unusual phenomenon in countries where the law admits such ownership arrangements, like Sweden and Japan. In this paper the role of cross-ownership as means for deterring takeovers is examined in the framework of a simple two-firm,...

Persistent link: https://www.econbiz.de/10011019053

Taxes and Mergers in Sweden

Modén, Karl-Markus - Institutet för Näringslivsforskning (IFN) - 1989

This paper studies the relative importance of tax incentives as merger motives in the Swedish industry during the period 1983-1987. Several econometric models are estimated and statistical tests performed. The tax-hypothesis is contrasted with an alternative hypothesis, suggested by Jensen,...

Persistent link: https://www.econbiz.de/10010684495

How to Avoid Compensating CEO for Luck: The Case of Microeconomic Fluctuations

Oxelheim, Lars; Wihlborg, Clas; Zhang, Jianhua - Institutet för Näringslivsforskning (IFN) - 2010

Incentive effects of performance-based compensation schemes for management may be weakened or biased by macroeconomic influences on remuneration. These influences can be seen as reflecting luck from the CEO’s perspective. In this chapter we present a model for how to avoid compensating CEO for...

Persistent link: https://www.econbiz.de/10008553045

Executive Compensation and Macroeconomic Fluctuations

Oxelheim, Lars; Wihlborg, Clas; Zhang, Jianhoa - Institutet för Näringslivsforskning (IFN) - 2008

Macroeconomic fluctuations affect corporations’ performance through demand and cost conditions. Incentive effects of performance-based compensation schemes for management may be weakened or biased by macroeconomic influences if management is unable to forecast macroeconomic fluctuations or...

Persistent link: https://www.econbiz.de/10005645433

Globalization of Monitoring Practices: The Case of American Influences on the Dismissal Risk of European CEOs

Oxelheim, Lars; Randoy, Trond - Institutet för Näringslivsforskning (IFN) - 2013

This study examines globalization of monitoring practices by focusing on how American (U.S.) influences on European firms impact the dismissal risk for these firms' CEOs. Specifically, we argue that the stronger short term orientation of the American corporate governance system increase the...

Persistent link: https://www.econbiz.de/10010648281

Entrepreneurship, Innovation and Human Flourishing

Henrekson, Magnus - Institutet för Näringslivsforskning (IFN) - 2014

This essay uses Edmund Phelps new book Mass Flourishing: How Grassroots Innovation Created Jobs,Challenge, and Change (Princeton University Press, 2013) as inspiration to discuss innovation and entrepreneurship. The book is laudable for its discussion of what constitutes a “good life”....

Persistent link: https://www.econbiz.de/10011186638

Globalization of Corporate Covernance: The American Influence on Dismissal Performance Sensitivity of European CEOs

Jungeilges, Jochen A.; Oxelheim, Lars; Randoy, Trond - Institutet för Näringslivsforskning (IFN) - 2010

This study examines how globalization of corporate governance practices influence the risk of European CEOs being dismissed. We argue that the harsh monitoring of the American corporate governance system spills over to the rest of the world as a result of this globalization. We focus on direct...

Persistent link: https://www.econbiz.de/10008562416

The Impact of Macroeconomic Variables on Corporate Performance - What Shareholders Ought to Know?

Oxelheim, Lars - Institutet för Näringslivsforskning (IFN) - 2002

Increased integration and growing macroeconomic fluctuations require more attention to be paid to the link between the ”noise” that these fluctuations represent and the company’s own development. For many reasons management must weed out the effects of the ”noise” so as to obtain a...

Persistent link: https://www.econbiz.de/10005645281

Employer-Sponsored Training in Stabilisation and Growth Policy Perspectives

Håkanson, Christina; Johanson, Satu; Mellander, Erik - Institutet för Näringslivsforskning (IFN) - 2003

In Europe, accounting standards prevent larger expenditures on employer-sponsored training from being treated as investments. Using Sweden as example, we discuss two consequences for training. First, the timing: training will be conducted when income is large enough for training costs to be...

Persistent link: https://www.econbiz.de/10005645324

Regulation of Cost and Quality under Yardstick Competition

Tangerås, Thomas P. - Institutet för Näringslivsforskning (IFN) - 2002

This paper analyses simultaneous regulation of cost and quality when firms have private, correlated information about … productivity and the regulator receives a signal about quality. It is shown that managerial effort and expenditures on quality are … positively correlated in the optimal contract. The higher is firm productivity the more should the firm spend on quality …

Persistent link: https://www.econbiz.de/10005419539