This paper studies the effects of real exchange rate depreciation in an economy with extreme liability dollarization using vector autoregression (VAR) methods. Bolivia's extreme liability dollarization makes it an interesting case for empirical testing of the contractionary-depreciations...

We document a clear increase in Swedish earnings inequality in the early 1990s. Inequality in disposable income and earnings net of taxes and transfers also increased, but much less than the increased inequality in pre-government earnings. These different developments are most likely explained...

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...

We study firms’ incentives to acquire costly information in booms and recessions to understand the role of endogenous information in explaining business cycles. We find that when the economy has been in a boom in the previous period, and firms enter the current period with an optimistic...

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...

omen typically participate less than men in the stock market, while also scoring lower on financial literacy. We explore the link between the gender gap in stock market participation and financial literacy. Using survey data on a random sample of 1,300 individuals that is representative of the...