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  • 201.
    Abouzeedan, Adli
    et al.
    University of Gothenburg, Sweden.
    Busler, Michael
    The Richard Stockton College of New Jersey, USA.
    Hedner, Thomas
    University of Gothenburg, Sweden.
    Managing Innovation in a Globalised Economy: Defining the Open Capital2009In: World Sustainable Development Outlook 2009. The Impact of the Global Financial Crisis on the Environment, Energy and Sustainable Development / [ed] Allam Ahmed, World Association for Sustainable Development , 2009, p. 287-294Chapter in book (Refereed)
    Abstract [en]

    Economies develop different levels of entrepreneurial capacity depending on the degree of availability of tangible as well as intangible resources. In an earlier work by Abouzeedan and Busler (2006), a new type of capital, that is, innovation capital, has been suggested to serve as an indicator for the degree of richness of the entrepreneurial environment in an economy. Innovation capital incorporates the concepts of human capital, financial capital and system capital. However, the issue of accessibility and openness in the innovation process also need to be reflected in the innovation capital concept. Innovation activities in the modern economies are growing to become more interconnected and open in their nature. In this paper, we defined and incorporated a new component within the innovation capital, namely open capital. We also reflected on how the four components of the innovation capital concept, including the open capital, are interconnected.

  • 202.
    Abouzeedan, Adli
    et al.
    Innovation and Entrepreneurship, Department of Medicine Sahlgrenska Academy, University of Göteborg, Göteborg, Sweden.
    Hedner, Thomas
    Innovation and Entrepreneurship, Department of Medicine Sahlgrenska Academy, University of.
    Klofsten, Magnus
    Linköping University, Department of Management and Engineering, Project Innovations and Entrepreneurship. Linköping University, Faculty of Science & Engineering. Linköping University, HELIX Competence Centre.
    Innovation and entrepreneurship – new themes for new times2010In: Annals of Innovation & Entrepreneurship, ISSN 2000-7396, E-ISSN 2000-7396, ISSN ISSN 2000-7396, Vol. 1, no 1, p. 1-3Article in journal (Other academic)
    Abstract [en]

    Throughout history, innovators and entrepreneurs have had a tremendous impact on development, exploration, trade, education, science, and integration. During the 20th century, innovation and entrepre-neurship have been regarded as key drivers in technological progress and productivity development worldwide. New radical innovations from new fields of knowledge such as information and communication technologies and biotechnology have emerged to influence everyday life for most people. Realizing this, policy makers as well as individuals argue that innovative and entrepreneurial change processes need to be further implemented on the micro as well as macro levels in society (Abouzeedan, Busler, & Hedner, 2009; Busenitz, Gomez, & Spencer, 2000). The study of innovation is therefore likely to be an increasingly important topic in, for example, economics, business, entrepreneurship, tech-nology, engineering, medicine, environmental biology, sociology, design, and reregional development (cf. Etzkowitz & Klofsten, 2005).

  • 203.
    Abouzeedan, Adli
    et al.
    Sahlgrenska Academy, University of Gothenburg, Sweden.
    Klofsten, Magnus
    Linköping University, Department of Management and Engineering, Project management, Innovations and Entrepreneurship . Linköping University, The Institute of Technology.
    Hedner, Thomas
    Sahlgrenska Academy, University of Gothenburg, Sweden.
    Analysis of a Swedish High Technology SME Using the Survival Index Value (SIV) Model2011In: Paper Sessions, Workshops and Special Meetings: The 56th ICSB World Conference, Stockholm, Sweden, 15th and 18th of June, ICSB , 2011, p. 170-179Conference paper (Refereed)
    Abstract [en]

    One of the major deficiencies in the existing Small and Medium-sized Enterprises’ (SMEs) performance evaluation models is the fact that they lack a clear coupling to the issue of innovation and its impact on performance. A possible candidate model which could achieve this is the Survival Index Value (SIV) model. The model has a parameter incorporated in its structure, the technology-intake. This parameter can be used as an indicator of the degree of innovativeness of the firm. Previous works using the model looked at general performance without specific focus on innovation activities of the firm and without relating that to aspects of survival and growth. In this paper the aim was to demonstrate the ability of the SIV model to indicate a positive overall performance due to the intensive investment of a selected firm in innovation activities.

    The enterprise analyzed, Autoadapt AB, is a Swedish high technology firm working in adapting cars and automobiles to handicapped people. Due to the nature of their activities the firm has a high level of innovation input to be able to solve the complex problems related to usage of cars by disabled people. Both the product development process and managing the activities around it requires a high level of innovativeness and ingenuity. As thus the firm presented a very interesting object to study. The study has a clear significance as there is a need to differentiate the performance of innovation-intensive enterprises from firms who are using less investment in innovation in their activities. This can be done by considering the investment in new technologies both as product development and/or as investing in absorption of external management, product or process innovation. Applying the SIV model to run this analysis can help to demonstrate the need to incorporate the technology intake as an essential component of SME’s performance model.

    The results indicated that the SIVmodel is able to predict correctly the performance of the object firm. By having mostly positive survival factor values, which are single data-points, during years of operation, and also having mostly positive survivability coefficient values, which are agglomerate data-points, the SIVmodel proved its abilities. Clearly, the model has a good potential to be developed and fine-tuned even more. The SIV model can be tested further to look at deviations in performance of firms among different sectors and relates that to the innovativeness of whole sectors.

  • 204.
    Abraha, Desalegn
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    Establishment Processes in an Underdeveloped Country: The Case of Swedish Firms in Kenya1994Doctoral thesis, monograph (Other academic)
  • 205.
    Abraha, Desalegn
    University of Skövde, School of Business. University of Skövde, Enterprises for the Future.
    The Kleptomaniac Leadership and his Destructive Role on the Economic Dimension of Nation Building2015Conference paper (Refereed)
  • 206.
    Abraha, Desalegn
    et al.
    Högskolan i Skövde.
    Hyder, Akmal S
    University of Gävle, Department of Business Administration and Economics, Ämnesavdelningen för företagsekonomi.
    From industrial networks to strategic alliances or vice-versa2009In: International Journal of Business and Emerging Markets, ISSN 1753-6219, Vol. 1, no 4, p. 361-386Article in journal (Refereed)
  • 207. Abraha, Desalegn
    et al.
    Hyder, Akmal S
    University of Gävle, Department of Business Administration and Economics, Ämnesavdelningen för företagsekonomi.
    The service firms' establishments in developing countries2000In: Journal of Euromarketing, ISSN 1049-6483, E-ISSN 1528-6967, Vol. 9, no 1, p. 57-86Article in journal (Refereed)
  • 208.
    Abraha, Desalegn
    et al.
    University of Skövde, School of Business. University of Skövde, Enterprises for the Future.
    Mukhtar, Syeda-Masooda
    Faculty of Economics and Business Administration, King AbdulAziz University, Jeddah, Saudi Arabia.
    Acquiring Cross-Cultural Competence: Insights from International Firms in Four Countries2016In: Entrepreneurship Development in a Globalized Era / [ed] Dana-Nicoleta Lascu, 2016, Vol. 13, p. 1-13Conference paper (Refereed)
    Abstract [en]

    Firms increasingly have to compete globally in order to survive. An understanding of the host country’s local culture arguably being one of the most important aspects of this survival. The greater the cultural difference, the higher the risk of miscommunication and of mismanagement. Given that cross-cultural management is acknowledged as an intrinsic part of firm establishment in foreign markets today, we set out to explore the linkages between the competence of international firms in managing cultural differences and the effectiveness of their business operations. How this ‘cross-cultural competence’ is acquired is of particular interest to this study. Swedish firms operating in Kenya, Lithuania, Poland and Russia are examined. The findings show that international firms tend not to formulate any preparatory measures to become ‘culturally competent’ prior to entering foreign markets. Learning takes place by doing. A Process Model of Acquiring Cross-Cultural Competence in Foreign Markets is constructed.

  • 209.
    Abraha, Desalegn
    et al.
    University of Skövde, School of Business. University of Skövde, Enterprises for the Future.
    Mukhtar, Syeda-Masooda
    King Abdul Aziz University, Saudi Arabia.
    Learning from Failed Strategic Alliances: A European Case Study2015In: Regional and International Competiveness: Defining National and Governmental Drivers of Productivity, Efficiency, Growth and Profitability / [ed] E. Kaynak & T. D. Harcar, 2015, Vol. 24, p. 186-194Conference paper (Refereed)
  • 210.
    Abraha, Desalegn
    et al.
    University of Skövde, School of Business. University of Skövde, Enterprises for the Future.
    Mukhtar, Syeda-Masooda
    King Abdul Aziz University, Saudi Arabia.
    Strategic Alliance Breakups: The Volvo-Renault Story2015In: Exploring the Possibilities for Sustainable Future Grows in Business and Technology Management / [ed] N. J. Delener, Leonora Fuxman, F. Victor Lu & Susana Rodrigues, Global Business and Technology Association , 2015, p. 1-11Conference paper (Refereed)
  • 211.
    Abraha, Desalegn
    et al.
    University of Skövde, School of Business. University of Skövde, Enterprises for the Future.
    Mukhtar, Syeda-Masooda
    Faculty of Economics and Business Administration, King AbdulAziz University, Jeddah, Saudi Arabia.
    The Process of Firm Establishment In International Markets: A European Telecommunications Operator in Latin America2016In: 17th International Academy of African Business and Development Conference Proceedings: Governance and business policies: Towards sustainable African business development / [ed] Anita Spring & Pantaleo Rwelamila, 2016, p. 376-390Conference paper (Refereed)
    Abstract [en]

    Our understanding of the process of firm establishment of foregin firms within the developing and emerging countries remains limited, while the market-specific context-driven nature of the firm establishment process has been largely overlooked in the literature. We aim to address these omissions and explore the establishment process of a Spanish multinational telecommunication firm, Telefónica, in Brazil and Chile applying the "Four Stages Firm Establishment Process Model" by Abraha (1994). We identify strategic responses crafted by Telefónica to overcome competitive challenges during its establishment process. We revise Abraha's model in view of the findings and conclude with implications for managerial practices and future research.

  • 212.
    Abraha, Desalegn
    et al.
    University of Skövde, School of Business. University of Skövde, Enterprises for the Future.
    Radón, Anita
    Swedish Institute for Innovative Retailing, University of Borås, Sweden.
    Sundström, Malin
    Swedish Institute for Innovative Retailing, University of Borås, Sweden.
    Reardon, James
    Monfort College of Business, University of Northern Colorado, USA.
    The effect of cosmopolitanism, national identity and ethnocentrism on Swedish purchase behavior2015In: Proceedings of the AABRI conference, Orlando Florida, January 1-3, Academic and Business Research Institute , 2015Conference paper (Refereed)
  • 213.
    Abraha, Desalegn
    et al.
    University of Skövde, School of Business. University of Skövde, Enterprises for the Future.
    Radón, Anita
    University of Borås, Sweden.
    Sundström, Malin
    University of Borås, Sweden.
    Reardon, James
    Monfort College of Business, Greeley Colorado, USA.
    The effect of cosmopolitanism, national identity and ethnocentrism on Swedish purchase behavior2015In: Journal of Management and Marketing Research, ISSN 1941-3408, Vol. 18, article id 152146Article in journal (Refereed)
    Abstract [en]

    The Scandinavian market has changed significantly over the past half-decade with several online distributors, particularly of digital files such as music, originating locally. This ineffect has significantly further increased globalization of commerce in the Nordic countries. The purpose of this research is to examine the effect of more traditional models of consumer choice regarding local vs global products in this context. While the major metro areas of Scandinavia have always been largely global, this research reaches further into the central part where attitudes and globalization tends to be adopted at a slower pace

  • 214.
    Abraha Gebrekidan, Desalegn
    University of Skövde, School of Technology and Society.
    Establishment Processes in the Traditional, Complex and Fast Developing Emerging Economy: The Case of Swedish Firms in China2012In: Proceedings of the 2012 International Conference on Marketing Studies (ICMS2012), academic-journal.org , 2012Conference paper (Refereed)
    Abstract [en]

    Applying a qualitative case-study method this article examines the establishment processes of IKEA and HELDING Share Company (HSC). The findings show that establishment in China is a complex, time and resources consuming process. This is because the Chinese culture makes it a pre-requisite to build social networks of harmonious interpersonal relationships, i.e. guanxi_to achieve success. The rules are changing continuously and there is an excessive involvement of the authorities in the economic activities in the market. It thus takes time and consumes enormous resources to understand the problems and to develop strategies to achieve success in establishments. IKEA and HSC developed interpersonal networks (guanxi) with the JV partners and the various influential people (facilitators) in the different phases of establishments. The developed guanxi enabled the two firms to understand and to handle; the cultural constraint, the complicated and continuously changing legal system, the bottlenecks in authorities relationships, the most complex and time consuming bureaucratic structures, the unique style of negotiations, to get operations and import license,  license for the land for running the business and to get various types of assistance in the network development.

  • 215.
    Abraha Gebrekidan, Desalegn
    University of Skövde, School of Business. University of Skövde, Enterprises for the Future.
    The Destructive Impact of the Psychopathic and Narcissistic Leadership on the Diplomatic Dimension of Nation Building2016In: 17th International Academy of African Business and Development Conference Proceedings: May 2016, IAABD Annual Conference Proceedings, 2016, p. 51-Conference paper (Refereed)
    Abstract [en]

    Abstract: This article examines the Diplomatic Dimension of Nation building in Eritrea in light of the diplomatic vision adopted in 1994 by the so called the Peoples Front for Democracy and Justice (PFDJ). Both secondary and primary data are used to write this article. The primary data is collected through telephone interviews, personal interviews, skype-interviews and focus-group discussions with some veteran liberation fighters, former government officials, diplomats and some Eritreans who were holding key positions in the government and who have experience and knowledge as to how the narcissists and psychopaths deal with the neighboring countries and regional as well as international cooperation and relationships. The main findings show that the leadership has committed a diplomatic, moral and ethical blunder scoring one of its main failures in the diplomatic dimension of nation building. This is due to the fact that it has applied a militarist and one man owned, designed, decided and mismanaged diplomatic relationships which is not at all co-operative, although it claims that it applies a healthy neighborly, regional and international cooperation and relationships as stipulated in the diplomatic vision. Moreover, the dysfunctional militarist and one man owned, designed, decided and miss managed relationships and diplomatic approach is not properly planned and it is poorly coordinated and terribly mismanaged. This reality has a serious negative consequence on the diplomatic, economic, social, cultural, organizational and political conditions of the country. The other finding of this study is that the reason why the failed, i.e. narcissistic and psychopathic leadership applies a militarist and one man owned diplomatic relationships model is because it clearly understands that to maintain and strengthen its political, economic, cultural, organizational and social power i.e. power of all aspects it has to have a full control of all the diplomatic, economic, financial and human resources in the country. The reason why the psychopaths spear headed by the self-appointed destructive dictator do not implement the diplomatic vision is because like all the other visions envisaged in the 1994 charter, the diplomatic vision was not designed to be implemented but to help the dictator to get enough time to create the conditions necessary to implement the hidden vision which the Eritrean people couldn’t yet design appropriate strategies to fight it adequately and to dismantle its power apparatus. The last reason for the failure of the diplomatic dimension of nation building is the lack of a competent and authentic leadership that possesses the qualities of an effective, legacy building and developmental leadership.

  • 216.
    Abraha Gebrekidan, Desalegn
    University of Skövde, School of Business. University of Skövde, Enterprises for the Future.
    The leadership hypocrisy of four million parties and its insurmountable consequences on the political dimension of nation building: An Illustration of the so called “Peoples Front for Democracy and Justice (PFDJ) Central Office in Eritrea”2014In: 15th annual IAABD international conference, International Academy of African Business and Development , 2014, p. 1-34Conference paper (Refereed)
    Abstract [en]

    Abstract: The main results of this article are (i) the PFDJ and in particular Isayas has committed a political blunder  in the political dimension of nation building by refusing to implement the constitution, (ii) the PFDJ militarized political ideology is a poisonous tool applied to secure the political power of the dictator, (iii) the political vision was not developed to be implemented but to consolidate the raw political power’ of the ‘raw dictator’ in the raw and secretive underground party by liquidating all democratic elements, (iii) the dictator is incompetent to lead the task successfully, and (iv) the other cause for the failure is the lack of an authentic leader who possesses the qualities of a developmental and legacy-building leaders.

  • 217.
    Abraha Gebrekidan, Desalegn
    et al.
    University of Skövde, School of Business. University of Skövde, Enterprises for the Future.
    Hyder, Akmal S.
    Högskolan i Gävle.
    A Longitudinal Study of Strategic Alliances in Eastern and Central Europe: The Case of ACCEL Share Company (ASC) and two Local Firms in Lithuania2014Conference paper (Refereed)
  • 218.
    Abraha Gebrekidan, Desalegn
    et al.
    University of Skövde, School of Business. University of Skövde, Enterprises for the Future.
    Hyder, Seyed Akhmal
    University of Gävle.
    Fjellström, Daniella
    University of Gävle.
    The Journey of Strategic Alliances2017In: Proceedings of the 43rd Annual Conference of the EuropeanInternational Business Academy / [ed] Lucia Piscitello, Stefano Elia, 2017, p. 54-Conference paper (Refereed)
    Abstract [en]

    The purpose of this article is to highlight the journey to and from strategic alliances and if alliances lead to the creation of new Alliances, how existing networks are managed and strengthened and to identify the factors which impact and determine the journey to and from strategic alliances. One of the findings of this chapter is that, in the pre-strategic alliance phase firms can have direct and indirect relationships which can lead to the formation of strategic alliances under certain circumstances, whereas in just the opposite circumstances those relationships might not lead to alliances formation. The other finding is that one of the main factors which determines the journey of strategic alliances is the degree of internationalization of the firm and the market. It is also found out that the journey of alliances can be different in the different groups of Central Europe countries depending on the pace or degree of adaptation of those countries, i.e. whether they are fast-, or medium or slow adapting countries.

  • 219.
    Abraha Gebrekidan, Desalegn
    et al.
    University of Skövde, School of Business. University of Skövde, Enterprises for the Future.
    Le Hieu, Hoc
    Faculty of Economics and Management, Hanoi University of Science and Technology, Vietnam.
    Mukhtar, Syeda-Masooda
    School of Business and Quality, HMBSU, Dubai, United Arab Emirates.
    How Developed-Country Firms Make Standardization/Transfer and Adaptations Decisions in Relation to their Developing-Host-Country Operations?2019In: Journal of East-West Business, ISSN 1066-9868, E-ISSN 1528-6959, Vol. 25, no 2, p. 107-143Article in journal (Refereed)
    Abstract [en]

    Factors influencing firms’ standardization and adaptations decisions tend to be treated as static isolated entities in the extant literature. Further, the focus is predominantly on Western MNCs and product development or marketing functions with manufacturing firms and the emerging/developing country perspective underrepresented. We explore factors, as well as their interrelations that determine standardization and adaptations decisions when a developed country manufacturing firm establishes operations in a developing country. Purposefully, Italian manufacturing firms with operations in Vietnam are examined. We identify functions, processes, and practices that are standardized/transferred and those that are adapted. A theoretical model is developed based on the findings.

  • 220.
    Abraha Gebrekidan, Desalegn
    et al.
    University of Skövde, School of Business. University of Skövde, Enterprises for the Future.
    Mukhtar, Syeda-Masooda
    HBMSU, School of Business, Dubai, United Arab Emirates.
    A model for understanding the process of firm establishment in foreign loosely-structured emerging markets2018In: Journal for International Business and Entrepreneurship Development, ISSN 1549-9324, E-ISSN 1747-6763, Vol. 11, no 4, p. 327-342Article in journal (Refereed)
    Abstract [en]

    Our understanding of the process of firm establishment in foreign markets is relatively limited especially in relation to host-developing and host-emerging markets. The market-specific and context-driven nature of the firm establishment process is largely overlooked in the literature. Against this background, we aim to chart the establishment process of a Spanish telecommunication firm, Telefonica, in Brazil and Chile by applying the 'four stage firm establishment process model in foreign markets' (Abraha, 1994). We identify strategic responses crafted by Telefonica to overcome the challenges during its establishment process. We revise Abraha's model in view of the findings and conclude with implications for managerial practices.

  • 221.
    Abraha Gebrekidan, Desalegn
    et al.
    University of Skövde, School of Business. University of Skövde, Enterprises for the Future.
    Mukhtar, Syeda-Masooda
    King Abdul Aziz University, Saudi Arabia.
    Determinants of the international strategic alliance process and alliance failure: learning from the Volvo-Renault break-up2017In: International Journal of Strategic Business Alliances, ISSN 1756-6444, E-ISSN 1756-6452, Vol. 6, no 1/2, p. 86-110Article in journal (Refereed)
    Abstract [en]

    While the scholarly focus has shifted from strategic alliance formation to alliance performance and thus alliance outcome, the process that leads to a particular outcome: alliance success or alliance failure remains indeterminate. Given their high failure rate, this study aims to identify factors that contribute to an alliance failure to better understand the strategic alliance management process to help alliances survive. Purposefully, the Volvo-Renault alliance break-up is investigated. A Process Model for International Strategic Alliance Lifecycle is developed. The findings establish that post-formation, the strategic alliance process necessitates managing interactions among: partners’ objectives; partners’ resource contribution; access to partner’s network; and alliance performance. However, for an alliance to sustain, learning and assessment must be an integral part. Learning and assessment are critical strategic inputs that serve as ‘binding forces’, and as an ‘alert mechanism’ whereby timely corrective managerial actions are triggered in favor of an alliance sustainability and vice versa.

  • 222.
    Abraha Gebrekidan, Desalegn
    et al.
    University of Skövde, School of Business. University of Skövde, Enterprises for the Future.
    Mukhtar, Syeda-Masooda
    King AbdulAziz University, Saudi Arabia.
    Managing Cultural Differences in International Business Operations: A Perspective from Europe2014In: Proceedings of 6th Annual American Business Research Conference 9 -10 June 2014, Sheraton LaGuardia East Hotel, New York, USA, World Business Institute Australia , 2014Conference paper (Refereed)
    Abstract [en]

    While the advantages of globalization are numerous, (including economies of scale in research and development, production, marketing, access to large and many markets, access to new ideas, technologies, competencies, resources), globalization also brings with it new challenges. Cultural differences arguably being one of the most important of these challenges. Literature suggests that cultural differences and the firms’ ability to deal with them have a significant impact on firms’ operations as well as performance. Against this background, this study explores the relationship between cultural differences and the effectiveness of international business operations. The data is drawn from a sample of North European firms operating in diverse foreign markets. The findings show that for the European firms in our sample the learning, in the main, tended to take place 'by doing' over time. The paper concludes with managerial implications.

  • 223.
    Abraha Gebrekidan, Desalegn
    et al.
    Högskolan i Skövde, Skövde.
    Osarenkhoe, Aihie
    University of Gävle, Department of Business Administration and Economics, Ämnesavdelningen för företagsekonomi.
    Awuah, Gabriel Baffour
    Högskolan i Halmstad, Halmstad.
    Relationships and Networks in the Processes of Establishment of Firms in Transitional Economies: The case of Scandinavian firms in Eastern and Central Europe2006Report (Other (popular science, discussion, etc.))
    Abstract [en]

    Focus on the particular entry mode a firm uses to enter a new market, rather than the process of establishment dominates in extant literature. To fill this void, we apply an establishment process model developed from the network approach to illuminate the web of relationship forms embedded in the establishment process of two Scandinavian firms as they attempt to establish themselves in transition economies. In one case, the results show that Statoil’s process of establishment in Estonia was less time- and resource-consuming because the firm drew support from significant actors in their network of exchange relationships. In the second case, a lack of home and host country support for Scania in Croatia resulted in an arduous and costly process and less stable position in the market, with the firm’s position changing several times as different problems cropped up. In light of the findings from the two cases, theoretical and practical implications for managing the establishment process are discussed.

  • 224. Abraham, Arpad
    et al.
    Koehne, Sebastian
    Stockholm University, Faculty of Social Sciences, Institute for International Economic Studies.
    Pavoni, Nicola
    On the first-order approach in principal agent models with hidden borrowing and lending2011In: Journal of Economic Theory, ISSN 0022-0531, E-ISSN 1095-7235, Vol. 146, no 4, p. 1331-1361Article in journal (Refereed)
    Abstract [en]

    We provide sufficient conditions for the validity of the first-order approach for two-period dynamic moral hazard problems where the agent can save and borrow secretly. The first-order approach is valid if the following conditions hold: (i) the agent has non-increasing absolute risk aversion utility (NIARA), (ii) the output technology has monotone likelihood ratios (MLR), and (iii) the distribution function of output is log-convex in effort (LCDF). Moreover, under these three conditions, the optimal contract is monotone in output. We also investigate a few possibilities of relaxing these requirements.

  • 225. Abraham, Arpad
    et al.
    Koehne, Sebastian
    Stockholm University, Faculty of Social Sciences, Institute for International Economic Studies. CESifo, Germany.
    Pavoni, Nicola
    Optimal income taxation when asset taxation is limited2016In: Journal of Public Economics, ISSN 0047-2727, E-ISSN 1879-2316, Vol. 136, p. 14-29Article in journal (Refereed)
    Abstract [en]

    Several frictions restrict the government's ability to tax assets. First, it is very costly to monitor trades on international asset markets. Second, agents can resort to nonobservable low-return assets such as cash, gold or foreign currencies if taxes on observable assets become too high. This paper shows that limitations in asset taxation have important consequences for the taxation of labor income. We study a simple dynamic moral hazard model of social insurance with observable and nonobservable saving decisions. We find that optimal labor income taxes become less progressive when the ability to tax savings is limited.

  • 226.
    Abraham, Ben Mathew
    et al.
    Jönköping University, Jönköping International Business School.
    Kumar, Rohit
    Jönköping University, Jönköping International Business School.
    Trust Among Partners in Startups2016Independent thesis Advanced level (degree of Master (One Year)), 10 credits / 15 HE creditsStudent thesis
  • 227.
    Abraham Tewoldemedhin, Fithawi
    et al.
    University of Gävle, Faculty of Education and Business Studies, Department of Business and Economic Studies.
    Medeubayev, Meiras
    University of Gävle, Faculty of Education and Business Studies, Department of Business and Economic Studies.
    Knowledge Hiding in Consulting Industry: the Case of EY in Kazakhstan2017Independent thesis Advanced level (degree of Master (One Year)), 15 credits / 22,5 HE creditsStudent thesis
    Abstract [en]

    Aim: This study aims to explore the knowledge hiding phenomenon among project teammembers in the consulting industry. This study investigated why, when, how and what type ofknowledge team members hide.Methodology: This research applied a qualitative research with inductive approach. Semistructuredinterviews with eleven participants from EY in Kazakhstan were conducted.Secondary data was obtained from existing scientific articles and books.Findings: Findings of the study provided that (i) variables affecting knowledge hiding atindividual level also influence at team level; (ii) the technological and organizational barriershad a minor influence on knowledge hiding at team level; (ii) tacit/explicit and key/commonknowledge are subject to hiding among team members; (iv) three additional variables arediscovered at team level, i.e. laziness, fear of being seen silly and self-study.

    Theoretical contributions: This study contributes to the counterproductive knowledgebehaviour by exploring patterns of knowledge hiding among team members. Additionalknowledge sharing barriers of why and when team members hide knowledge were found. Teammembers hide knowledge when they feel ownership over knowledge and territoriality servesas a mediating tool. Nevertheless, collective knowledge psychological ownership weakensknowledge hiding, because team’s success is more important than individual’s goals.Managerial implications: Organizations are encouraged to nurture team environment, becauseteam members might feel that they are obliged to share their knowledge. Also, managementshould consider to lower territoriality perspectives (e.g. by team buildings, etc.).

    Limitations and future research: Future research should increase the number of respondentsfrom different companies, industries and geographical areas. To validate the three newly foundknowledge hiding variables at team level, they can be tested at individual level. On top of thatfuture research can focus on the effects of interpersonal injustice on knowledge hiding on eachmember, motivational process on knowledge concealing/sharing and cross-cultural differencesof how knowledge concealing is interpreted can be researched.

  • 228.
    Abraham, Yafet
    et al.
    University of Kalmar, Baltic Business School.
    Humolli, Ylli
    University of Kalmar, Baltic Business School.
    Yusuf, Muse
    University of Kalmar, Baltic Business School.
    Framtidsbedömningar: hur organisationer förhåller sig till bedömningar om framtiden2009Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
    Abstract [sv]

    Syftet med denna uppsats är att ta reda på vilka metoder som förekommer vid skapande av framtidsbedömningar samt hur de förhåller sig till de organisationer vi valt.

    Vi har i denna uppsats valt en kvalitativ metod i form av kvalitativa personliga intervjuer, då vi vill få en djupare förståelse kring framtidsbedömningar. Vi har samtidigt valt att arbeta utifrån ett abduktivt tillvägagångssätt.

    Med utgångspunkt från vårt syfte med uppsatsen, har vi identifierat fem metoder som används inom de organisationer vi har intervjuat. Dessa metoder är Intentions, Conjoint analysis, Expert opinions, Ekonometri samt Regelbaserade prognoser. I vår slutsats har vi kommit fram till att dessa metoder är vanligt förekommande inom de organisationer som vi har intervjuat, pga. att metoderna är enkla och billiga att framställa. Dessutom utnyttjas den kunskap och erfarenhet som finns inom organisationerna.

  • 229.
    Abraham, Yafet
    et al.
    Linnaeus University, Faculty of Business, Economics and Design, Linnaeus School of Business and Economics.
    Humolli, Ylli
    Linnaeus University, Faculty of Business, Economics and Design, Linnaeus School of Business and Economics.
    Yusuf, Muse
    Linnaeus University, Faculty of Business, Economics and Design, Linnaeus School of Business and Economics.
    Rådgivningens betydelse för revisionsbyråer: en studie om hur rådgivningen påverkar revisorns oberoende samt relationen till klientföretagen2010Independent thesis Advanced level (degree of Master (One Year)), 10 credits / 15 HE creditsStudent thesis
  • 230.
    Abrahamson, Martin
    Gotland University, Department of Business Administration.
    Att påverka aktiepriset2009In: Gotlandsakademikertycker om … / [ed] Adri De Ridder, 2009, p. 9-15Chapter in book (Other academic)
  • 231.
    Abrahamson, Martin
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    Birds of a feather flock together: A study of new shareholders and Swedish IPOs2018In: Journal of Behavioral and Experimental Finance, ISSN 2214-6350, E-ISSN 2214-6369, Vol. 18, p. 1-17Article in journal (Refereed)
    Abstract [en]

    This paper analyzes new individual investors (rookies) and the importance of initial public offerings (IPOs)in attracting rookies to the stock market, which is an issue previous research has not focused on. The paperuses stock ownership records for publicly listed Swedish firms together with data on IPOs for the period2004–2010. We find the proportion of IPO investors among rookies to be larger than for non-rookies andthat rookies are more likely to invest in IPOs than non-rookies. Thus, IPOs appear to attract rookies to alarger extent than non-rookies. Moreover, rookies investing in IPOs have a higher income and hold largerstock portfolios, but they receive lower returns compared with other rookies. In addition, the results showthat even for rookies, sophisticated investors receive higher returns than less sophisticated investors.

  • 232.
    Abrahamson, Martin
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    Birds of a Feather Flock Together: First Time Investors and IPOs2015In: Proceedings of 10th Annual London Business Research Conference / [ed] Md. Mahbubul Hoque Bhuiyan, 2015Conference paper (Refereed)
    Abstract [en]

    Initial public offerings (IPOs) are firms entering the stock market, through offering shares to be publicly traded in the stock market for the first time. Similarly, first time stock investors (rookies) enter the stock market through buying shares. Investment decisions have been interesting to study both for academics and practitioners for decades. In this paper knowledge on IPOs and investment decisions of rookies are brought together. Moreover, rookies who chose to invest in initial public offerings (IPOs) as their entry to the stock market. The study is based on a hand-collected dataset of IPOs and of an ownership registry of all Swedish shareholders. The study shows that IPOs can serve as a first time investment for rookies, however, preferred together with other shares. Rookies investing in IPOs hold larger portfolios and have larger income than other rookies. IPOs attract rookies to larger extent than non-rookies. Thereby, through IPOs the stock market receives not only new firms but also new investors.

  • 233.
    Abrahamson, Martin
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    Offer Price and Ownership Structure: A Study of Shareholders in Swedish IPOs 2006–20162019In: Southwestern Finance Association Annual Meeting / [ed] Prof. Thomas Thompson, Houston, 2019Conference paper (Refereed)
    Abstract [en]

    This paper analyzes the relationship between initial public offerings (IPOs) and the post-IPO ownership structure of these firms. The study uses the stock ownership records of Swedish firms together with hand-collected IPO data to analyze the nominal offer prices of IPO shares and the relationship with their post-IPO ownership structure. The results show that for IPO stocks with low offer prices, individual investors hold a relatively large fraction of the shares compared with IPO stocks with higher offer prices. Furthermore, for low-priced IPOs, there is a negative relationship between offer price and breadth of ownership. However, there is also a size effect, with the breadth of ownership being higher for larger firms. Overall, this study shows that firms can affect their post-IPO ownership structure when setting their offer price.

  • 234.
    Abrahamson, Martin
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    Rookies Attracting Rookies2016Conference paper (Refereed)
    Abstract [en]

    This paper studies initial public offerings (IPOs) and the individual shareholders of IPO firms, with a focus on IPO investment decisions of individual investors (rookies) entering the stock market. The study, which uses a hand-collected dataset of IPOs and an ultimate ownership registry of all Swedish shareholders, analyzes the IPO investment decisions of rookies. This paper aims to analyze IPO investor characteristics but mainly focuses on the importance of IPOs in attracting stock market rookies. The results show that rookies investing in IPOs hold larger portfolios and have higher income than other rookies, indicating sophistication among IPO rookies compared with other rookies. Moreover, the proportion of IPO investors among rookies is compared to that of non-rookies, showing that IPOs attract rookies to a larger extent than non-rookies. IPOs therefore seem to play a previously overlooked role of attracting rookies to the stock market.

  • 235.
    Abrahamson, Martin
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    Rookies to the Stock Market2015In: Eastern Finance Association 2015 Program April 8-11, New Orleans / [ed] Professor Daniel Bradley, 2015Conference paper (Refereed)
    Abstract [en]

    “Rookies tothe Stock Market”Martin Abrahamson*Working paper, please do not quote or publish, without permission from the author [Version,March2015]

    This study focuses on individual investors entering the stock market “rookies”. A unique data set reflecting all individual investor holdings in Swedish stocks over the sample period 2004 to 2010 is used to examine portfolio preferences.Although the average shareholder is aging,the study shows signs of rejuvenation, since rookies are attracted to the stock market. The results show that the majority of the rookies choose one well-known company for their first stock market investment.The rookie characteristics show gender differences, where female rookies have lower income, are older but hold larger portfolios than their male equivalent.

  • 236.
    Abrahamson, Martin
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    Rookies to the Stock Market: A Portrait of New Shareholders2016In: Research In International Business and Finance, ISSN 0275-5319, E-ISSN 1878-3384, Vol. 38, no 3, p. 565-576Article in journal (Refereed)
    Abstract [en]

    This study examines individuals entering the stock market, “rookies.” The study uses unique ownership data, containing investor holdings of all listed Swedish firms over the sample period from 2004 to 2010, to examine rookies’ stock portfolios. In addition, this study explores investor sophistication among rookies, based on individual characteristics and portfolio composition. Although the average shareholder is aging and leaving the stock market, this study shows there are signs of rejuvenation, with rookies entering the stock market. The results show that the majority of rookies hold under-diversified stock portfolios and choose one large firm as their first stock market investment. Rookie characteristics display gender differences, in which the average female rookie has lower income, is older, but holds a larger stock portfolio than her male counterpart.

  • 237.
    Abrahamson, Martin
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies. Högskolan på Gotland.
    Who are They?: - The Swedish and other European Shareholders in Sweden, before and during the current financial crisis2013In: European Integration in Swedish Economic Research: The 15h Annual SNEE European Integration Conference in Mölle, Sweden May 21st-24th 2013 / [ed] Lars Oxelheim, 2013Conference paper (Refereed)
    Abstract [en]

    Early working idea of a paper, please do not quote or publish, without permission from the author

     First version, April 2013

    Individual shareholder investors are generally described in literature to act with a short investment horizon, have biases and a typical herding behavior. This article focus on describing the individual investor over the time period 2004-2010, with special interest in new domestic and European investors. Earlier studies of individuals have mainly been based on either aggregated brokerage data and/or surveys, this study is based on the actual individual holdings. The database contains ownership information on all the directly owned shares in Sweden (~ 2 million investor portfolios).

    The study focus on individuals, investing in the stock market for their first time, during the latter years. Previous literature describes the individual investors as declining and aging, which could be interpreted as the beginning of the end of individual shareholders as stock market investors. If there is a future for the stock market as trading arena for individuals, there needs to be some rejuvenation amongst the shareholders. The study show that although the average shareholder is aging, which indicates that shareholders stick to their shares, there are new younger shareholders still attracted by the stock market. Preliminary results also suggest a decline in the gender imbalance amongst shareholders.

  • 238.
    Abrahamson, Martin
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    Who Bought Cheap IPOs?: A Study of Shareholders in Swedish IPOs 2006–20162018In: Proceedings of 2018 Annual London Business Research Conference / [ed] Prof. Mohammad Hoque, 2018Conference paper (Refereed)
    Abstract [en]

    This paper analyzes initial public offerings (IPOs) and the post-IPO ownership structure of these firms. The study uses stock ownership records of Swedish firms, together with hand-collected IPO data to analyze the price level of the IPO share and its relationship with the ownership structure. This study shows that for cheap IPO stocks (low nominal priced), individual investors hold a relatively large fraction of the shares compared with IPO stocks with higher nominal price. However, there is a size effect, where the breadth of ownership is higher for larger firms. Thereby, the firm can affect their post-IPO ownership structure when setting the offer price. The study also suggests that there are signs of a seasonal effect, where first quarter IPOs in this sample on average yield a higher initial return.

  • 239.
    Abrahamson, Martin
    et al.
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    De Ridder, Adri
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    Allocation of shares to foreign and domestic investors: Firm and ownership characteristics in Swedish IPOs2015In: Research In International Business and Finance, ISSN 0275-5319, E-ISSN 1878-3384, Vol. 34, p. 52-65Article in journal (Refereed)
    Abstract [en]

    In this article, we analyze underpricing of initial public offerings (IPOs) and holdings following offerings in Sweden. By exploiting a unique hand-collected data set with information on the ultimate holdings by institutional and individual investors, as well as boards of directors, we find, as most prior studies, that IPOs on average are underpriced. IPOs with low (high) initial return have higher (lower) holdings by individual investors. Institutional investors are, to a greater extent than individual investors, also able to identify underpriced firms.

  • 240.
    Abrahamson, Martin
    et al.
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    de Ridder, Adri
    Högskolan på Gotland, Institutionen för humaniora och samhällsvetenskap.
    Executive Compensation Contracts and Ownership Structure2010Conference paper (Refereed)
    Abstract [en]

    We study executive compensation packages and ownership structures for a sample of firms listed on the Stockholm Stock Exchange over the period 1999 to 2008. The basic question we raise is whether strong CEOs can set their own salaries and bonuses given the composition of group management and institutional ownership. With the use of exclusive ultimate ownership records we can identify the relationship between ownership and executive compensation. Collectively, we find a positive relationship between strong CEOs and compensation. Moreover, compensation is related to the composition of ownership and breadth of ownership. Firms with high foreign institutional ownership are associated with higher compensation to the CEO.  These results affect the possibility of an all European compensation strategy.

  • 241.
    Abrahamson, Martin
    et al.
    Gotland University, School of the Humanities and Social Science.
    de Ridder, Adri
    Gotland University, School of the Humanities and Social Science.
    Executive Compensation Contracts and Ownership Structure2010In: / [ed] Prof. Lars Oxelheim, 2010, p. 1-19Conference paper (Refereed)
    Abstract [en]

    We study executive compensation packages and ownership structures for a sample of firms listed on the Stockholm Stock Exchange over the period 1999 to 2008. The basic question we raise is whether strong CEOs can set their own salaries and bonuses given the composition of group management and institutional ownership. With the use of exclusive ultimate ownership records we can identify the relationship between ownership and executive compensation. Collectively, we find a positive relationship between strong CEOs and compensation. Moreover, compensation is related to the composition of ownership and breadth of ownership. Firms with high foreign institutional ownership are associated with higher compensation to the CEO.  These results affect the possibility of an all European compensation strategy.

  • 242.
    Abrahamson, Martin
    et al.
    Gotland University, School of the Humanities and Social Science.
    de Ridder, Adri
    Gotland University, School of the Humanities and Social Science.
    Strong CEOs and Ownership StructureManuscript (preprint) (Other academic)
    Abstract [en]

    Purpose

    The purpose of this paper is to examine compensation to Swedish executives over the period 1999 to 2008 and whether domestic and foreign equity ownership influence levels.

    Design/methodology/approach

    We use the strength of the Chief Executive Officer (CEO), defined as the ratio between total compensation to the CEO and total compensation to Group management, as our primary variable of interest. Cross-sectional regression analysis is used to examine if the domiciles of stockholders as well as firm specific factors can predict compensation.

    Findings

    We find a positive relationship between compensation levels to the CEO and foreign institutional investors. Higher foreign institutional holdings reduce the strength of the CEO. Our findings do not support the claim that compensation to CEO is related to firm behaviour or market related valuation measures.

    Practical implications

    This paper finds that holdings by foreign investors are negatively related to the strength of the CEO.

  • 243.
    Abrahamson, Martin
    et al.
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    de Ridder, Adri
    Högskolan på Gotland, Institutionen för humaniora och samhällsvetenskap.
    Valuation of Swedish IPO Companies: Who Receives the Money Left on the Table?2011In: 2nd Annual Nordic Financial Accounting, 2011Conference paper (Refereed)
    Abstract [en]

    We study underpricing and equity holdings following initial public offerings (IPOs) in Sweden over the sample period 2000 through 2010. By exploiting a unique data set, with information of the ultimate holdings by institutional as well as individual investors in these firms, we make several original contributions to the existing literature related to IPOs as our data are sharper and more detailed than what have been used in prior studies. We document, as most prior studies of IPOs, that they on average are underpriced (i.e., associated with a positive initial return). IPOs with low (high) initial return have higher (lower) equity holdings by retail investors. We find that institutional investors are, to greater extent than individual investors, able to identify firms with a high initial return (i.e. receives the money left on the table). Hence, our data support the generally accepted view that institutional investors are better equipped to process information. We also confirm that the relationship between underpricing (the initial return) and offer price is U-shaped, as first reported by Fernando, Krishnamurty and Spindt (2004). Our multivariate analysis shows that individual investors have preferences for low priced IPOs whereas domestic (foreign) institutional investors have preferences for low (high) priced IPOs. Our analysis of domicile of institutional investors indicates that foreign institutional investors have preferences for holdings in IPOs characterized by a high initial return and large capitalization values. Analysis of overseas institutional holdings indicates existence of information asymmetries related to distance.

     

  • 244.
    Abrahamson, Martin
    et al.
    Gotland University, School of the Humanities and Social Science.
    de Ridder, Adri
    Gotland University, School of the Humanities and Social Science.
    Valuation of Swedish IPO Companies: Who Receives the Money Left on the Table?2011In: 2nd Annual Nordic Financial Accounting, 2011Conference paper (Refereed)
    Abstract [en]

    We study underpricing and equity holdings following initial public offerings (IPOs) in Sweden over the sample period 2000 through 2010. By exploiting a unique data set, with information of the ultimate holdings by institutional as well as individual investors in these firms, we make several original contributions to the existing literature related to IPOs as our data are sharper and more detailed than what have been used in prior studies. We document, as most prior studies of IPOs, that they on average are underpriced (i.e., associated with a positive initial return). IPOs with low (high) initial return have higher (lower) equity holdings by retail investors. We find that institutional investors are, to greater extent than individual investors, able to identify firms with a high initial return (i.e. receives the money left on the table). Hence, our data support the generally accepted view that institutional investors are better equipped to process information. We also confirm that the relationship between underpricing (the initial return) and offer price is U-shaped, as first reported by Fernando, Krishnamurty and Spindt (2004). Our multivariate analysis shows that individual investors have preferences for low priced IPOs whereas domestic (foreign) institutional investors have preferences for low (high) priced IPOs. Our analysis of domicile of institutional investors indicates that foreign institutional investors have preferences for holdings in IPOs characterized by a high initial return and large capitalization values. Analysis of overseas institutional holdings indicates existence of information asymmetries related to distance.

     

  • 245.
    Abrahamson, Martin
    et al.
    Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
    de Ridder, Adri
    Högskolan på Gotland, Institutionen för humaniora och samhällsvetenskap.
    Råsbrant, Jonas
    Kungliga Tekniska Högskolan.
    Information Asymmetries among European Investors: Evidence from Swedish IPOs2011In: 13th Annual SNEE (Swedish Network for European Economic Research) Conference, May 17-20, 2011 . Session F1: European Corporate Finance / [ed] Prof. Lars Oxelheim, 2011, p. 1-16Conference paper (Refereed)
    Abstract [en]

    We study underpricing and equity holdings following initial public offerings (IPOs) in Sweden over the sample period 2000 through 2009. We document, as most prior studies of IPOs, that they on average are underpriced (i.e., associated with a positive initial return). IPOs with a low (high) initial return have higher (lower) equity holdings by retail investors. Our analysis of domicile of institutional investors indicates that foreign institutional investors have preferences for holdings in IPOs characterized by a high initial return and large capitalization values. Analysis of overseas institutional holdings indicates existence of information asymmetries related to distance.

  • 246.
    Abrahamson, Martin
    et al.
    Gotland University, School of the Humanities and Social Science.
    de Ridder, Adri
    Gotland University, School of the Humanities and Social Science.
    Råsbrant, Jonas
    Kungliga Tekniska Högskolan.
    Information Asymmetries among European Investors: Evidence from Swedish IPOs2011In: 13th Annual SNEE (Swedish Network for European Economic Research) Conference, May 17-20, 2011 . Session F1: European Corporate Finance / [ed] Prof. Lars Oxelheim, 2011, p. 1-16Conference paper (Refereed)
    Abstract [en]

    We study underpricing and equity holdings following initial public offerings (IPOs) in Sweden over the sample period 2000 through 2009. We document, as most prior studies of IPOs, that they on average are underpriced (i.e., associated with a positive initial return). IPOs with a low (high) initial return have higher (lower) equity holdings by retail investors. Our analysis of domicile of institutional investors indicates that foreign institutional investors have preferences for holdings in IPOs characterized by a high initial return and large capitalization values. Analysis of overseas institutional holdings indicates existence of information asymmetries related to distance.

  • 247.
    Abrahamson, Martin
    et al.
    Gotland University, Department of Business Administration.
    Kalström, Robert
    Gotland University, Department of Business Administration.
    Stock splits and changes in ownership structures: evidence from Sweden2009Independent thesis Advanced level (degree of Master (One Year)), 10 credits / 15 HE creditsStudent thesis
    Abstract [en]

    Stock splits are supposed to be financial cosmetics. However, this study shows that such corporate events have impact on ownership structure. This study exploits unique data from Swedish Central Security Registration regarding ownership and analyzes the ownership structures in stock splitting firms. Our data consists of exclu-sive semi-annually reported ownership structures of companies listed on Stockholm Stock Exchange. We categorize stock owners as domestic institutional investors, foreign investors and domestic individual investors. The information on ultimate ownership composition in listed companies is rare and more or less exquisite for Sweden.Our results confirm positive abnormal returns surrounding the announcement of stock splits and stock dividends. Moreover, we find evidence on changes in owner-ship structure as well as number of shareholders. The results show evidence on decreasing ownership concentration due to the stock split, which implies a more dispersed ownership structure.

  • 248.
    Abrahamson, Martin
    et al.
    Gotland University, Department of Business Administration.
    Skoghage, Göran
    Gotland University, Department of Business Administration.
    Introduktionskurs, underprissättning och institutionellt ägande: samband mellan prissättning och ägande vid en börsintroduktion2008Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
    Abstract [en]

    Who would not like a profit of more then 95 % in a day? Investors in Sweden had thatopportunity, if they had bought a certain stock on the primary market and sold it on the firsttradable day at the Stock Exchange. Most of that profit fell into the hands of institutionalinvestors. The reason for this extraordinary profit was the underpricing of that specific stockduring its initial public offering (IPO).Our report aims to analyze the relationship between offer price, underpricing and theownership structure of stocks. Our investigation is based on all IPO’s on the Stockholm stockexchange during the years between 2000 and 2005. Through our analysis we have found factssaying that companies can determine their ownership structure by setting their introductionprice high or low. A high offer price will have more institutional investors than if the price islow. On the other hand the high offer price will also create a greater underpricing which leadsto a higher initial return and greater transformation of wealth between old and new shareholders.

  • 249.
    Abrahamsson, Adam
    et al.
    Blekinge Institute of Technology.
    Secic, Kenan
    Blekinge Institute of Technology.
    Facebook och dess marknadsföring riktad mot ungdomar: En studie om ungdomars attityd mot marknadsföring på Facebook2016Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
    Abstract [en]

    Abstract

    Title: A study on teenager’s attitude towards marketing on Facebook

    Authors: Adam Abrahamsson and Kenan Secic

    Supervisor: Anders Wrenne

    Department: Blekinge Institute of Technology

    Course: A bachelor thesis in business administration, FE1453

    Scope: 15 credits               

    Purpose:The aim of this study is to contribute new knowledge about how marketing on Facebook can affect teenagers, as well as what awareness and understanding there is in this target group about marketing on Facebook. We are also interested in looking at whether there are any differences between the teenagers from the perspective of critical and rational thinking.

    Method: To be able to answer our questions and fulfill our purpose, we chose to conduct a survey in four different schools, in the district of Karlskrona. The survey was carried out in the seventh and ninth classes as these are expected to have students who are 14 and 16 years old. In total, we received 169 responses, of which 86 came from the younger target group and 83 came from the older target group. We picked schools because we considered the classrooms as a suitable environment for a survey, and a place where we can gather a large number of people from our target audience in one place. Because of the lack of resources in terms of time, all four schools where from the same district.

    Conclusion: The main conclusions of this study are that 14 and 16-year-old Swedish adolescents, in Karlskrona, generally have a positive attitude toward marketing on Facebook. But we can also notice that there is a difference in attitude toward marketing on Facebook between 14 and 16-year-olds depending on what kind of marketing it is. We believe that this difference may be because the age groups are at different stages of cognitive development and therefore are at different stages in their rational and critical thinking. 

  • 250.
    Abrahamsson, Alexander
    et al.
    Jönköping University, Jönköping International Business School, JIBS, Business Administration. 1994.
    Creutz, Simon
    Jönköping University, Jönköping International Business School, JIBS, Business Administration.
    Stock Market Anomalies: The Day-Of-The-Week-Effect: An empirical study on the Swedish Stock Market: A GARCH Model Analysis2018Independent thesis Advanced level (degree of Master (Two Years)), 20 credits / 30 HE creditsStudent thesis
    Abstract [en]

    Background: The day-of-the-week effect has been a widely studied field ever since the concept was introduced in the early 1970s. Historically, negative returns on Mondays have been the most common finding. In line with improved market efficiency, researchers have started to question the existence of this anomaly.

    Purpose: The purpose of this study is to examine the weak-form efficiency level within the Swedish stock market by using sophisticated statistical approaches. The authors aim to investigate if the day-of-the-week effect was demonstrated between 2000 and 2017.

    Method: To properly provide answers to this investigation, a quantitative study has been conducted on the OMXS30. The data has been analysed by using different kind of sophisticated statistical methods such as GARCH and TGARCH.

    Conclusion: The results show that the day-of-the-week effect was not demonstrated within the OMXS30 during this time period, providing evidence for improved market efficiency.

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