Kortsiktighet i näringslivet: En studie om förhållandet mellan VD, styrelsen, ersättning och avkastning
Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesisAlternative title
Short-termism in business : A study of the CEO, the board of directors, compensation and return (Swedish)
This study test the short-termism of companies listed on the market OMX Stockholm 30. We will use a deductive point of view where the purpose of this study is to investigate whether corporate short-term returns can be explained by the independent variables related to corporate governance and compensation practices. This is to investigate whether there is an intentional action on raising the short-term return in order to achieve a higher CEO compensation.
In the study, theories dealing with corporate governance and agency theory have resulted in two hypotheses. Basic Hypothesis H1 is: if short-termism of Swedish industry due to the company's short-term returns can be explained by the independent variables related to the company's management and compensation. This hypothesis could not be verified through the quantitative study.
Alternative Hypothesis H2 is: the compensation of a CEO can be explained by the independent variables related to company performance and size. It has been partly verified, as the size of the company is largely attributable to compensation. Although we have taken account of variable salary and potential bonus, no short-term returns resulted in evidence of compensation to the CEO.
Place, publisher, year, edition, pages
2014. , 32 p.
IdentifiersURN: urn:nbn:se:uu:diva-226770OAI: oai:DiVA.org:uu-226770DiVA: diva2:727232
Subject / course
Business Aministration and Economics Programme