The following question is addressed in this paper: what will be the impact of an increase in the uncertainty and turbulence facing organizations on the way control is carried out? First, a survey of research in organizational control will be presented. After that the principle nature of control...

There is a trend in Swedish companies to use team-based organisational design when striving for process orientation. The first question put forth in this paper is whether this design supports a process orientation. Since the teams usually are rather autonomous it is not obvious that they become...

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...

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...

TV watching is one of the most important ways of spending leisure time, the average daily watching time in the Swedish population is about 141 minutes – about 15 % of non-sleep time. Yet, there is little research on the psychological processes taking place while watching TV. In the present...

This article informs the question of how a business sector interacts with perceived demands from the public. Swedish financial firms suffer from low public confidence. The Swedish public has become increasingly involved in the equities market. Brokerage houses have al-ways appeared as exclusive....

Using Swedish data, the study investigates whether an investment strategy based on publicly available financial statement information can generate abnormal investment returns. The strategy involves two steps. First, a financial statement based prediction model of changes in the book return on...

Research about codes of corporate ethics has hitherto taken a hypothetical, correct meaning of codes for granted. The article problematises the dichotomous categories intrinsic and subjective meanings of codes. I address the question if professionals in finance accept codes of business. The...

The trend of pro forma (non-GAAP) reporting has made it increasingly difficult for financial analysts and investors to evaluate company performance. This study investigates how pro forma reporting affects analysts’ judgments in a non-US experimental setting. The results show that analysts who...

Loan subsidies are sometimes offered in connection with investment projects. It is convenient to view such subsidies as financing side effects providing value additions to project net present values without loan subsidies. A number of different methods for loan subsidy valuation have been...