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Jansson, A. (2019). Global financial reporting convergence: a study of the adoption of International Financial Reporting Standards by the Swedish accountancy profession. Competition & change, 1-21
Open this publication in new window or tab >>Global financial reporting convergence: a study of the adoption of International Financial Reporting Standards by the Swedish accountancy profession
2019 (English)In: Competition & change, ISSN 1024-5294, E-ISSN 1477-2221, p. 1-21Article in journal (Refereed) Epub ahead of print
Abstract [en]

International Financial Reporting Standards (IFRS) is a financial reporting standard for listed corporations in more than half of the world’s countries. This wide adoption combined with its influence on accounting in countries that have not formally adopted it makes IFRS a remarkable case of far-reaching convergence. This paper develops a framework that integrates institutional theory and political economy and employs a discourse analytical approach to address the issue of why the Swedish accountancy profession came to accept and adopt IFRS. The analysis covers the professional debates regarding the measurement of the value of assets and liabilities in the main professional journal over the nearly two decades in which IFRS was gradually integrated into the local accounting standards on a voluntary basis prior to its formal adoption. The analysis emphasizes the combination of a pervasive international development discourse that stresses the significance of financial markets developing into a sense of inevitability and an elite portion of the accountancy profession with a vested interest in change. IFRS can be seen as a strategic professionalization project for the elite members of the accountancy profession which, combined with financial interests, led to its endorsement of the changes and alignment with forces of financialization.

Place, publisher, year, edition, pages
Sage Publications, 2019
Keywords
Financial accounting, IFRS, Convergence, Sweden, Discourse analysis, Corporate governance
National Category
Business Administration
Research subject
Economy, Business administration
Identifiers
urn:nbn:se:lnu:diva-78625 (URN)10.1177/1024529418808970 (DOI)
Available from: 2018-11-01 Created: 2018-11-01 Last updated: 2019-11-26
Larsson Olaison, U. & Jansson, A. (2017). Shareholder primacy and shareholder prominence: Swedish corporate law and the corporate purpose 1848-2005. In: Presented at the 4th WINIR Conference, Utrecht, The Netherlands, September 14-17, 2017: . Paper presented at 4th WINIR Conference, Utrecht, The Netherlands, September 14-17, 2017.
Open this publication in new window or tab >>Shareholder primacy and shareholder prominence: Swedish corporate law and the corporate purpose 1848-2005
2017 (English)In: Presented at the 4th WINIR Conference, Utrecht, The Netherlands, September 14-17, 2017, 2017Conference paper, Oral presentation with published abstract (Refereed)
National Category
Business Administration
Research subject
Economy, Business administration
Identifiers
urn:nbn:se:lnu:diva-70805 (URN)
Conference
4th WINIR Conference, Utrecht, The Netherlands, September 14-17, 2017
Available from: 2018-02-13 Created: 2018-02-13 Last updated: 2018-02-28Bibliographically approved
Veldman, J. & Jansson, A. (2016). Reporting for change. In: : . Paper presented at Life-cycle based management and reporting for sustainable business conference, Oslo, Norway, November 29-30, 2016.
Open this publication in new window or tab >>Reporting for change
2016 (English)Conference paper, Oral presentation with published abstract (Refereed)
National Category
Business Administration
Research subject
Economy, Business administration
Identifiers
urn:nbn:se:lnu:diva-61583 (URN)
Conference
Life-cycle based management and reporting for sustainable business conference, Oslo, Norway, November 29-30, 2016
Available from: 2017-03-21 Created: 2017-03-21 Last updated: 2017-04-10Bibliographically approved
Jansson, A. (2016). Stigmatisation of elite actors in corporate scandals: the role of meaning making in the media. Culture and Organization, 22(5), 383-408
Open this publication in new window or tab >>Stigmatisation of elite actors in corporate scandals: the role of meaning making in the media
2016 (English)In: Culture and Organization, ISSN 1475-9551, E-ISSN 1477-2760, Vol. 22, no 5, p. 383-408Article in journal (Refereed) Published
Abstract [en]

Corporate scandals sometimes result in social devaluation and stigma for elite actors. This paper explores the linkage between the meaning-making processes that pertain to corporate scandals in the media and the outcome of stigma in two Swedish cases: the Skandia and ABB scandals. Several discursive strategies are identified that support two meaning-making processes that mediate between corporate acts and the stigmatisation of elite actors: the labelling of the acts as illegitimate and the transformation of the illegitimate act into evidence of some deeply discrediting attributes of elite organisational actors. The paper contributes to the literature on stigmatisation by elaborating on the concept of scandal-induced stigmatisation of elite actors, integrating a more sophisticated understanding of discursive legitimation, and introducing the characteristics of meaning making in the media as a mechanism that links corporate acts to the stigmatisation of elite corporate actors.

Place, publisher, year, edition, pages
Taylor & Francis, 2016
National Category
Business Administration
Research subject
Economy, Business administration
Identifiers
urn:nbn:se:lnu:diva-39168 (URN)10.1080/14759551.2014.983108 (DOI)000384348900001 ()2-s2.0-84916613383 (Scopus ID)
Available from: 2015-01-15 Created: 2015-01-15 Last updated: 2017-12-05Bibliographically approved
Jansson, A., Larsson Olaison, U., Veldman, J. & Beverungen, A. (2016). The political economy of corporate governance: editorial. Ephemera : Theory and Politics in Organization, 16(1)
Open this publication in new window or tab >>The political economy of corporate governance: editorial
2016 (English)In: Ephemera : Theory and Politics in Organization, ISSN 2052-1499, E-ISSN 1473-2866, Vol. 16, no 1Article in journal, Editorial material (Other academic) Published
Keywords
Corporate governance, Corporations, Political economy, Shareholder value, Financialization
National Category
Economics and Business
Research subject
Economy, Business administration
Identifiers
urn:nbn:se:lnu:diva-51786 (URN)
Available from: 2016-03-31 Created: 2016-03-31 Last updated: 2017-11-30Bibliographically approved
Jansson, A., Stafsudd, A., Andersson, A. & Petersson, L. (2016). The role of mass media in corporate governance: a study of how Swedish corporations are affected by the character of publicity. In: : . Paper presented at 28th SASE Annual Meeting: Moral Economics, Economic Moralities, Berkeley, USA, June 24-26, 2016.
Open this publication in new window or tab >>The role of mass media in corporate governance: a study of how Swedish corporations are affected by the character of publicity
2016 (English)Conference paper, Oral presentation with published abstract (Refereed)
Abstract [en]

Large corporations are the objects of large amounts of media attention. Despite this, the literature pertaining to the role the media may play in shaping corporate governance structures and processes is at a fairly rudimentary state (Bednar, 2012). The media has, nevertheless, variously been portrayed as an ally to shareholders that monitors and reports corporate misbehavior (e.g., Dyck & Zingales, 2008); as an agenda setter that shapes priorities in corporate decision making and corporate reputations (e.g., Carrol & McCombs, 2003); as a propagator of legitimacy defining acceptable corporate behavior (Bednar, 2012; Jansson, 2013); and as an arena for collective meaning making of corporate events (Jansson, in press). While the literature converges on the idea that the media by ‘naming and shaming’ certain practices can delegitimate corporations and thereby change corporate behavior, issues such as whether variation in types of publicity creates varying outcomes and how institutional differences affect the impact of the media on large corporations, remains largely unresolved.

In this paper we report a study of how various types of publicity in the press affects corporate governance in large Swedish listed firms. Building on previously published instruments, we develop and validate an instrument for capturing the intensity of both positive and negative publicity using quantitative content analysis that we apply to Swedish print media pertaining both to the firm and its CEO specifically over the period 1999-2013. We analyze the impact of this publicity on corporate governance in terms of CEO resignation and CEO pay level as well as distribution.

Interestingly, our tentative results suggest that neither positive nor negative publicity on the CEO or the corporation affects either CEO resignation or CEO pay level and distribution. Thus, our results do not conform to previous research having established the importance of media as a gate-keeper. Whereas Bednar (2012) questions the role of media as watchdog in that largely symbolic actions may have important corporate effects, we instead find that media reports have no effect at all. A possible explanation for this may be that the information reported in media is already well-known to the business society, therefore having no effect when published. This is perhaps not very surprising given how close-knit Swedish business relations are (Sinani et al., 2008) and indeed how close the relations between Swedish corporations and the business press tend to be (Grünberg & Pallas, 2013).

Our paper contributes to the literature on the role of media in corporate governance in illustrating how patterns of response to media attention among Swedish firms differ from that of U.S. firms, suggesting that while the media may function as propagators of legitimacy, the underlying normative model propagated may differ among national contexts, implying that the media will have different outcomes in different parts of the world (cf. Jansson, 2013) and indeed sometimes no results at all.

National Category
Business Administration
Research subject
Economy, Business administration
Identifiers
urn:nbn:se:lnu:diva-61582 (URN)
Conference
28th SASE Annual Meeting: Moral Economics, Economic Moralities, Berkeley, USA, June 24-26, 2016
Available from: 2017-03-21 Created: 2017-03-21 Last updated: 2017-04-10Bibliographically approved
Jansson, A., Jonnergård, K. & Larsson Olaison, U. (2015). Corporate governance and ideology: a missing part of the puzzle. In: : . Paper presented at SASE 27th annual conference, London, UK, July 2-4, 2015.
Open this publication in new window or tab >>Corporate governance and ideology: a missing part of the puzzle
2015 (English)Conference paper, Oral presentation with published abstract (Refereed)
Abstract [en]

A question that has been asked repeatedly in corporate governance research the last two decades is ‘why does not ownership of listed corporations disperse in large parts of the world?’ Roe (2001) claimed that the reason that ownership did not disperse in large parts of Europe was social democracy, thus leaning towards ideology as a factor determining the conditions for corporate governance. In this paper it is argued that Roe was not wrong in principle; certainly, social democracy could explain the organization of many European nations, however not the business society in these countries. What distinguish social democracy from socialism (as historically found in eastern and central Europe) is that business society was partly left to itself, thus the ideology explaining corporate governance is more likely the ideology of the business society itself, rather than that of the surrounding society. In this paper it is argued that conservatism is the ideology of European corporate governance, an ideology that favor concentration of ownership, and thus power, in contrast to the market liberal ideology of the Anglo-American corporate governance systems that has produced ownership dispersion.

In this paper we develop and test this thesis using cases from the country perhaps most associated with social democratic thinking, while simultaneously tolerating one the most unequal distribution of power in business society (Högfeldt, 2004): i.e. Sweden. The ownership structure in Sweden is built on ownership concentrated into the hands of a few families and inherited power. In this paper we test whether this structure is supported by the Swedish society through the outcome of regulation. The cases are explored by discourse analysis addressing how parallel corporate governance scandals are portrayed, as well as an analysis of the material outcome of the scandals, i.e. the regulation. The first case is from the mid-1980, when the two major scandals in Swedish business society were LEO and Fermenta, with the material regulatory outcome of the LEO-law. The second case is from the early 2000, with major scandals in ABB and Skandia, leading to the Swedish corporate governance code. The aim is to through the discourse analysis (i) build a conceptual framework of how to access corporate governance ideologies and (ii) convey the type of ideology underlying regulation in the Swedish business society in order to (iii) contribute to our understanding of the importance and materialization of ideology in corporate governance.

National Category
Business Administration
Research subject
Economy, Business administration
Identifiers
urn:nbn:se:lnu:diva-61581 (URN)
Conference
SASE 27th annual conference, London, UK, July 2-4, 2015
Available from: 2017-03-21 Created: 2017-03-21 Last updated: 2017-04-11Bibliographically approved
Jansson, A. & Larsson Olaison, U. (2015). I Heard it through the Grapevine: Market Control of Controlling Family Shareholders. Corporate governance: An International Review, 23(6), 504-518
Open this publication in new window or tab >>I Heard it through the Grapevine: Market Control of Controlling Family Shareholders
2015 (English)In: Corporate governance: An International Review, ISSN 0964-8410, E-ISSN 1467-8683, Vol. 23, no 6, p. 504-518Article in journal (Refereed) Published
Abstract [en]

Manuscript Type Empirical

Research Question/Issue This paper addresses the issue of whether controlling family shareholders are exposed to market control. The paper advances the theory that the expected performance of controlling shareholders, inferred from their track records, is constantly reflected in the market value of controlled firms.

Research Findings/Insights By using event-study methodology, we show that unexpected acts that are detrimental to minority shareholder interests performed by controlling family shareholders lead to short-term negative abnormal returns in firms that otherwise are completely unaffected by the detrimental acts, but are controlled by the same family-based business group.

Theoretical/Academic Implications The results shed new light on the significance of track records in corporate governance that have implications for research on informal corporate governance mechanisms, governance of family firms, and, possibly, comparative corporate governance. The results also have tentative implications for the understanding of the function of family-controlled business groups consisting of industrially unrelated firms by suggesting a function that has heretofore been neglected.

Practitioner/Policy Implications The results have implications for reform work in corporate governance by showing that practitioners and regulators must consider variability in non-legal corporate governance mechanisms when analyzing and attempting to change different national corporate governance systems to achieve desired effects.

Place, publisher, year, edition, pages
John Wiley & Sons, 2015
National Category
Business Administration
Research subject
Economy, Business administration
Identifiers
urn:nbn:se:lnu:diva-45514 (URN)10.1111/corg.12124 (DOI)000364509500004 ()2-s2.0-84947047505 (Scopus ID)
Available from: 2015-07-19 Created: 2015-07-19 Last updated: 2017-12-04Bibliographically approved
Smith, D., Brännström, D. & Jansson, A. (2015). Redovisningens språk (4ed.). Lund: Studentlitteratur AB
Open this publication in new window or tab >>Redovisningens språk
2015 (Swedish)Book (Other academic)
Abstract [sv]

Denna bok behandlar teori och internationella standarder inom området externredovisning och är avsedd att användas på fördjupningskurser i företagsekonomi vid universitet och högskolor. Den förutsätter att läsaren har grundläggande kunskaper i externredovisning motsvarande en introducerande kurs.


I bokens första del ges en teoretisk ram som innefattar användning av extern redovisning samt begrepp, mått och principer för redovisningen. I bokens andra del belyses det internationella regelverket utifrån den teori som presenteras i del I. Med det internationella regelverket avses de standarder som utgetts av IASB (International Accounting Standards Board), och som benämns IAS (International Accounting Standards) eller IFRS (International Financial Reporting Standards).
I denna fjärde upplaga har del I omstrukturerats och reviderats för att ge bättre förutsättningar till förståelse av de teoretiska tankegångar som bildar utgångspunkt för IAS/IFRS. Vidare har en uppdatering till nu gällande IAS/IFRS skett i del II av boken.Uppdateringen innefattar även nyligen utgivna standarder som ännu inte börjat tillämpas.

Place, publisher, year, edition, pages
Lund: Studentlitteratur AB, 2015. p. 340 Edition: 4
National Category
Business Administration
Research subject
Economy, Business administration
Identifiers
urn:nbn:se:lnu:diva-45953 (URN)9789144102863 (ISBN)
Available from: 2015-08-28 Created: 2015-08-28 Last updated: 2016-05-03Bibliographically approved
Veldman, J. & Jansson, A. (2014). Accumulation Inc.. In: : . Paper presented at SASE 26th Annual Conference, Chicago, USA, July 11-13, 2014.
Open this publication in new window or tab >>Accumulation Inc.
2014 (English)Conference paper, Oral presentation with published abstract (Refereed)
Abstract [en]

The corporate form has been interpreted in numerous ways since its inception. In this paper we elaborate upon Marx’ early interpretation of the corporation as a concept allowing for a specific rendering of control that facilitates accumulation of wealth. We argue that the corporate form in its present form is a far more complicated construct than it was in Marx’ time, with even larger capacity for accumulation of wealth and power.

To understand the corporate form as a specific instrument to organize the accumulation of wealth, we start with it historical development, where we find that the corporate form combines theoretical precepts in an extremely incongruous way. This results in the use of synthetic notions of the ‘subject’ and the group, which allows for the reduction of the corporate form to a synthetic ideal-typical reified singular ‘agent’ in neoclassical economics and a supra-individual group representation in law. Both notions come together in a synthetic ‘agent’ position for the corporate form which provides the basis for the treatment of the corporate form in ideas of corporate governance that emanate from law and economics.

These notions of the corporate form as a synthetic ‘agent’ provide an elusive corporate form, which can be understood as singular and multiple, as subject-like and as state-like, as locally constituted and as constituted in the area(s) of operation, and as national and supranational. We discuss how this synthetic ‘agent’ deflects localized applications of responsibility, liability, and tax regimes. This leads us to argue that such synthetic notions of the ‘agent’ exert a strong influence on macro-economic structuring by providing the basic building blocks that allows for the structuring of global value chains and global finance as endlessly malleable chains of such synthetic subjects in the international domain.

These developments towards a synthetic ‘agent’ have made the corporate form not only a more elusive construct than it was in Marx’ interpretation, but it is also more effective in the accumulation of wealth and power in the hands of a small transnational elite.

National Category
Business Administration
Research subject
Economy, Business administration
Identifiers
urn:nbn:se:lnu:diva-61580 (URN)
Conference
SASE 26th Annual Conference, Chicago, USA, July 11-13, 2014
Available from: 2017-03-21 Created: 2017-03-21 Last updated: 2017-04-11Bibliographically approved
Organisations
Identifiers
ORCID iD: ORCID iD iconorcid.org/0000-0001-6123-7886

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