Are there any limits to the tax-imposing powers of governments? One answer is to look for constitutional rules that are implied by democracy itself. For instance, the case for budgetary regulation could be extended to ban taxes that threaten economic growth and hence long-term public spending. A...

This paper examines the effect of family ownership and control on executive compensation in listed firms during the period 2003-2008. The descriptive statistics show that CEOs in non-family-controlled firms have a significantly higher share of variable compensation than CEOs in family-controlled...

This paper examines the relationship between the board-member independence, family control, and financial performance in Swedish listed firms. The degree of independence is defined with respect to the principal owners, the management of the firm, and the employees. The definition of...

In an efficient economy, capital should be quickly (re)allocated from declining firms and sectors to more profitable investment opportunities. This process is affected by the concentration of corporate control, which in turn is affected by market institutions. We employ a panel of 12,000 firms...

Radically new technology offers the prospect of a New and high productivity Economy for the industrially advanced economies. These opportunities are rapidly taken advantage of by innovative firms operating across national borders. Rapid globalization, therefore, makes the regional dimension of...

Egenfinansieringen har stor betydelse för om människor ska ta steget till att bli entreprenörer. Det har fastslagits i en rad empiriska studier och ett välkänt forskningsresultat. Det är emellertid inte lika klart hur den teoretiska förklaringen till detta empiriska samband ser ut. De...

This paper contributes to the literature on ownership, control and performance by exploring these relationships for Swedish listed companies (1997-2002). We find that firms, on average, are making inferior investment decisions and that the use of dual-class shares have a negative effect on...

In this paper the relation between ownership structure, board composition and firm performance is explored. A panel of Swedish listed firms is used to investigate how board composition affects firm performance. Board heterogeneity is measured as board size, age and gender diversity. The results...

While innovative technology supply has been the focus of much neo Schumpeterian modeling, few have addressed the critical and more resource demanding commercializing of the same technologies. The result may have been a growth policy focused on the wrong problem. Using competence bloc theory and...

Huvudtesen i denna studie är att innovationer driver den ekonomiska utvecklingen, att innovationer skapas i teknologiska system och omvandlas till ekonomisk verksamhet i kompetensblock, och att industriell dynamik uppstår i konfrontationen mellan utbudssidan (teknologiska system) och...