All steps of the discounted cash flow model are outlined. Essential steps are: calculation of free cash flow, forecasting of future accounting data (income statements and balance sheets), and discounting of free cash flow. There is particular emphasis on forecasting those balance sheet items...

Telecommuting, or working part of the time from another location than the office, normally from home, has been tried by several organisations in the recent years. This has not always been a success. Still, many arguments in favour of telecommuting are forwarded by previous studies. This paper...

Theories on R&D organisation draw on globalisation literature as well as on communication theories. This mixed discourse is a problem, since mixing levels of logic sometimes cause faulty conclusions. How is this double logic handled in organisations, and what is the effect on R&D organisation?...

In Sweden several associations have since the 1960s been engaged in supporting the development of better management practices in small and medium-sized companies. One pioneering effort was made by the Swedish Employers’ Confederation in designing a comprehensive self-test material called "Look...

The conventional formula for the nominal growth rate of free cash flows (equal to dividends when there is no interest-bearing debt) says that this growth rate is equal to the product of the plowback ratio and the nominal rate of return on the assets (the latter equal to book equity when there is...

The influential valuation book by an author team from McKinsey recommends the so-called value driver formula rather than the Gordon formula for the continuing value in the post-horizon period in the discounted cash flow model for firm valuation. This recommendation has had considerable impact on...

Civilsamhällets organisationer växer i samhället. Med det växer också det mediala intresset för dessa organisationer. Hur ser granskningen av ideella organisationer ut? Och hur påverkas dessa organisationer ur ett organisationsperspektiv av att få mycket kritisk uppmärksamhet i...

For marketing managers, decisions in media planning and consequently the media selection are becoming increasingly complex and challenging as more media options are available. This exploratory study examines the factors that guide and influence marketing managers when selecting media for their...

Previous research has shown that consumer trust in advertising is low and continues to diminish. Researchers have also found that a big share of advertising investments is placed in less favorable media which can contribute to consumers’ increasing disbelief towards advertising. The results of...

Various evaluations of the internal market suggest that member states’ implementation continues to lag behind in several areas. In addition to the European Court of Justice, the European Commission also has means for pursuing compliance without judicial recourse. Since 2002, the Commission...