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Decision making and company performance - During a turbulent time period
Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
2019 (English)Independent thesis Advanced level (degree of Master (One Year)), 10 credits / 15 HE creditsStudent thesis
Abstract [en]

This thesis examines short- and long-term decision making, CEO-remuneration and its effects on company performance measured as return on assets during a time-period containing market up- and downturns with regards to company resilience. We examined this in a Swedish context by looking at listed companies on the Stockholm stock exchange during the period 2004 to 2014. The research was conducted using a multiple regression analysis to capture relationships between the dependent variable, the independent- and control variables over the observed time-period. We measure short-term action as decreases in R&D-spending, CapEx and number of employees, that can create short-term profits, whilst long-term actions is the opposite which are expected to generate a high level of company performance in the long run. In our observed population we find that companies who balance short- and long-term actions have a higher company performance, thus deviating from previous research. We also find that an increase in CEO-remuneration will not yield higher company performance when regarding firm size. The results of the study indicate that the companies in our sample have a goal alignment between the CEO and owners, although it shows tendencies of risk adversity in decision making. We find there is a more complex relationship between decision making, the CEO, and company performance than first expected.

Place, publisher, year, edition, pages
2019. , p. 42
Keywords [en]
Company Performance, CEO-Remuneration, Agency Theory, Short-Termism, Long-Termism, Decision Making, Resilience.
National Category
Business Administration
Identifiers
URN: urn:nbn:se:uu:diva-389357OAI: oai:DiVA.org:uu-389357DiVA, id: diva2:1336704
Subject / course
Business Studies
Educational program
Freestanding course
Supervisors
Examiners
Available from: 2019-07-10 Created: 2019-07-10 Last updated: 2019-07-10Bibliographically approved

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CiteExportLink to record
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Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
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Language
  • de-DE
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  • nn-NO
  • nn-NB
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  • Other locale
More languages
Output format
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