lnu.sePublications
Change search
Link to record
Permanent link

Direct link
BETA
Publications (10 of 26) Show all publications
Philipson, S. (2017). Value of listed companies; abnormal earnings and innovativeness. In: Vrontis, D Weber, Y Tsoukatos, E (Ed.), Global and National Business Theories and Practice: Bridging the Past With the Future. Paper presented at 10th Annual Conference of the EuroMed-Academy-of-Business, SEP 13-15, 2017, Rome, ITALY (pp. 1342-1348). EuroMed Press
Open this publication in new window or tab >>Value of listed companies; abnormal earnings and innovativeness
2017 (English)In: Global and National Business Theories and Practice: Bridging the Past With the Future / [ed] Vrontis, D Weber, Y Tsoukatos, E, EuroMed Press , 2017, p. 1342-1348Conference paper, Published paper (Refereed)
Abstract [en]

This a conceptual paper concerning the relation between innovativeness and monopoly rent/abnormal earnings. It discusses how these concepts can be measured and proposes that abnormal earnings are the result differentiation, by innovativeness (monopoly rent) or branding, by under-or overvalued assets, or by imperfect market information (value irrelevance). Specifically, innovativeness as a driver of monopoly rent/abnormal earnings is discussed.

Place, publisher, year, edition, pages
EuroMed Press, 2017
Series
EuroMed Academy of Business Conference Book of Proceedings, ISSN 2547-8516
Keywords
Innovativeness, monopoly rent, abnormal earnings
National Category
Economics and Business
Research subject
Economy
Identifiers
urn:nbn:se:lnu:diva-72304 (URN)000427297600100 ()978-9963-711-56-7 (ISBN)
Conference
10th Annual Conference of the EuroMed-Academy-of-Business, SEP 13-15, 2017, Rome, ITALY
Available from: 2018-04-10 Created: 2018-04-10 Last updated: 2018-04-10Bibliographically approved
Philipson, S. & Philipson, J. (2016). From Budapest to Berlin: the role of reputation in the market economy. International Journal of Entrepreneurship and Small Business, 28(2/3), 310-322
Open this publication in new window or tab >>From Budapest to Berlin: the role of reputation in the market economy
2016 (English)In: International Journal of Entrepreneurship and Small Business, ISSN 1476-1297, E-ISSN 1741-8054, Vol. 28, no 2/3, p. 310-322Article in journal (Refereed) Published
Abstract [en]

During a trip from Budapest to Berlin in 1990, Joakim Philipson made observations about a grey market trade between Rumanian Roma and Vietnamese guest students in Berlin. It was seemingly inexplicable how the two groups could enter into business relationships without a common language. This paper uses the narrative as a basis for a discussion and interpretation of conditional trust and validates classical economic value theory. As “...research on trust... is relatively diverse and multidisciplinary” (Dirks and Ferrin, 2001; Lewicki et al., 1998; both after Gordon, 2007), we are drawing on research in as diverse fields as sociology, game theory, anthropology, and classical economics to question the paradigm that is the basis of both transaction cost economics and relationship management. As such the paper is a narrative case used for conceptual discourse. 

Keywords
conditional trust; reputation; market; market economy; informal economy; society; the human race as a social animal; Hungary; Germany.
National Category
Business Administration
Research subject
Economy, Marketing
Identifiers
urn:nbn:se:lnu:diva-47085 (URN)10.1504/IJESB.2016.076647 (DOI)2-s2.0-84971594748 (Scopus ID)
Available from: 2015-11-08 Created: 2015-11-08 Last updated: 2017-12-01Bibliographically approved
Philipson, S., Johansson, J. & Schley, D. G. (2016). Global corporate governance - The maelstrom of increased complexity: is it possible to learn to ride the dragon?. Journal of Business and Economics, 7(3), 425-437
Open this publication in new window or tab >>Global corporate governance - The maelstrom of increased complexity: is it possible to learn to ride the dragon?
2016 (English)In: Journal of Business and Economics, ISSN 2155-7950, Vol. 7, no 3, p. 425-437Article in journal (Refereed) Published
Abstract [en]

In the light of recent corporate scandals company failure is usually explained based on agency theory, leading to the conclusion that corporate boards and regulators must use agency theory to control management better.

The authors use institutional theory to problematize this advice. We identify the role of accounting as to give predictability, hence preventing company failure. But this predictability can be questioned; it implies stability. Albeit partly with circumstantial evidence, we question this stability with factors making the conditions for management decision-making volatile, as explained by antecedents, and leading to unmanageable entities. The implications of this volatility have consequences for corporate governance, and question the going-concern assumption, the basis of accounting.

Hence, from the dominant explanations that corrupt management, or management with different interests than the principal, leads to company failure, we evolve another chain of cause and effect: volatility, with company failure as a result. It is argued that traditional accounting rituals are unsuitable for many companies. The paper indicates a need for de-institutionalization and reconsidering of accounting practices, and particularly the fundamental assumption of going concern.

Place, publisher, year, edition, pages
Academic Star Publishing Company, 2016
Keywords
Conditional trust, Repucomplexity, Corporate governance, Going-concern, Management control, Innovation, Volatility
National Category
Business Administration
Research subject
Economy, Business administration
Identifiers
urn:nbn:se:lnu:diva-50219 (URN)10.15341/jbe(2155-7950)/03.07.2016/007 (DOI)
Available from: 2016-03-04 Created: 2016-03-04 Last updated: 2017-11-30Bibliographically approved
Philipson, S. (2016). Radical innovation of a business model - is business modelling a key to understand the essence of doing business?. Competitiveness Review: an international business journal, 26(2), 1-16
Open this publication in new window or tab >>Radical innovation of a business model - is business modelling a key to understand the essence of doing business?
2016 (English)In: Competitiveness Review: an international business journal, ISSN 1059-5422, E-ISSN 2051-3143, Vol. 26, no 2, p. 1-16Article in journal (Refereed) Published
Abstract [en]

Purpose“Business model” emerged fairly recently as an academic concept; competing with “sustainable strategic competitiveness”, “strategic fit” (Porter, 1996), and “dominant logic” (Prahalad & Bettis, 1986) to give key explanatory understanding of firm performance.This paper investigates key antecedents to the use of radical innovation of the business model of a service firm to achieve competitive advantage.

Design/methodology/approachThe article is based on action research, in which the re-engineering of a service business turned into radical innovation of the business model.

FindingsRadical innovation (conceived of as a new dominant logic) of the business model of a service firm is shown to give sustainable competitive advantage.It shows how fundamental the concept of business model is to understanding the nature of the business, and links it to fundamental academic discussion of recent decades around concepts such as “sustainable competitive advantage”, “structural capital” and “tacit knowledge”.

Research limitations/implicationsThis is based on a case and more research is needed to generalize the findings.

Practical implicationsIn contrast to the knowledge management and structural capital evangelization, much tacit knowledge cannot be converted to structural capital.

Originality/valueBusiness model is a central concept to understand business performance, but must not be conceived as all-encompassing. We give a model for what the concept should cover and contrast it to other important models.We show the role of tacit knowing in a business model.

Keywords
Business model, Competitive advantage, Fit, Tacit knowledge, Structural capital
National Category
Business Administration
Research subject
Economy, Marketing
Identifiers
urn:nbn:se:lnu:diva-47086 (URN)
Available from: 2015-11-08 Created: 2015-11-08 Last updated: 2017-12-01Bibliographically approved
Philipson, S., Johansson, J. & Schley, D. (2015). Global corporate governance: The maelstrom of increased complexity - is it possible to learn to ride the dragon?. In: Innovation, Entrepreneurship and Sustainable Value Chain in a Dynamic Environment: . Paper presented at 8th Annual Conference of the EuroMed-Academy-of-Business, SEP 16-18, 2015, Verona, ITALY (pp. 1785-1799). Euromed Press
Open this publication in new window or tab >>Global corporate governance: The maelstrom of increased complexity - is it possible to learn to ride the dragon?
2015 (English)In: Innovation, Entrepreneurship and Sustainable Value Chain in a Dynamic Environment, Euromed Press , 2015, p. 1785-1799Conference paper, Published paper (Refereed)
Abstract [en]

In the light of recent corporate scandals company failure is usually explained based on agency theory, leading to the conclusion that corporate boards and regulators must use agency theory to control management better. The authors use institutional theory to problematize this advice. We identify the role of accounting as to give predictability, hence preventing company failure. But this predictability can be questioned; it implies stability. Albeit partly with circumstantial evidence, we question this stability with factors making the conditions for management decision-making volatile, as explained by antecedents, and leading to unmanageable entities. The implications of this volatility have consequences for corporate governance, and question the going-concern assumption, the basis of accounting. Hence, from the dominant explanations that corrupt management, or management with different interests than the principal, leads to company failure, we evolve another chain of cause and effect: volatility, with company failure as a result. It is argued that traditional accounting rituals are unsuitable for many companies. The paper indicates a need for de-institutionalization and reconsidering of accounting practices, and particularly the fundamental assumption of going concern.

Place, publisher, year, edition, pages
Euromed Press, 2015
Keywords
complexity, corporate governance, going-concern, management control, innovation, volatility
National Category
Economics and Business
Research subject
Economy, Ledarskap, entreprenörskap och organisation
Identifiers
urn:nbn:se:lnu:diva-51595 (URN)000371316100123 ()978-9963-711-37-6 (ISBN)
Conference
8th Annual Conference of the EuroMed-Academy-of-Business, SEP 16-18, 2015, Verona, ITALY
Available from: 2016-03-30 Created: 2016-03-30 Last updated: 2016-05-03Bibliographically approved
Philipson, S. (2014). Entrepreneurial Learning in Higher Education. In: : . Paper presented at the 21st Annual International Conference on Advances in Management & 7th International Conference on Social Intelligence, Los Angeles, July 16–19, 2014.
Open this publication in new window or tab >>Entrepreneurial Learning in Higher Education
2014 (English)Conference paper, Oral presentation only (Refereed)
National Category
Business Administration
Research subject
Economy, Marketing
Identifiers
urn:nbn:se:lnu:diva-37193 (URN)
Conference
the 21st Annual International Conference on Advances in Management & 7th International Conference on Social Intelligence, Los Angeles, July 16–19, 2014
Available from: 2014-09-23 Created: 2014-09-23 Last updated: 2014-09-23Bibliographically approved
Philipson, S. (2014). Radical innovation of business model - is business modelling a key to understand the essence of doing business?. In: Future of Entrepreneurship: . Paper presented at 7th Annual EuroMed Conference of the EuroMed-Academy-of-Business, SEP 18-19, 2014, Kristiansand, NORWAY (pp. 1478-1491).
Open this publication in new window or tab >>Radical innovation of business model - is business modelling a key to understand the essence of doing business?
2014 (English)In: Future of Entrepreneurship, 2014, p. 1478-1491Conference paper, Published paper (Refereed)
Abstract [en]

'Business model' is a fairly new academic concept; competing with Porter's 'sustainable strategic competitiveness' and 'strategic fit' (Porter, 1996), Prahalad & Bettis 'dominant logic' (Prahalad & Bettis, 1986) to give key explanatory understanding of firm performance. We discuss business modelling based on an action research case and show just how fundamental it is. It links fundamental academic discussion of recent decades around concepts such as 'sustainable competitive advantage', 'structural capital' and 'tacit knowledge'.

Keywords
business model, value, customer needs, competitive advantage, dominant logic, strategy
National Category
Economics and Business
Research subject
Economy
Identifiers
urn:nbn:se:lnu:diva-42837 (URN)000350976900106 ()978-9963-711-27-7 (ISBN)
Conference
7th Annual EuroMed Conference of the EuroMed-Academy-of-Business, SEP 18-19, 2014, Kristiansand, NORWAY
Available from: 2015-04-23 Created: 2015-04-23 Last updated: 2015-05-26Bibliographically approved
Philipson, S. & Philipson, J. (2013). From Budapest to Berlin: the role of reputation in the market economy. In: : . Paper presented at 20th Annual International Conference on Advances in Management) & 6th Annual International Conference on Social Intelligence, London,July 17-19, 2013.
Open this publication in new window or tab >>From Budapest to Berlin: the role of reputation in the market economy
2013 (English)Conference paper, Oral presentation with published abstract (Refereed)
Abstract [en]

During a trip from Budapest to Berlin in 1990, Joakim made observations about a grey market trade between Rumanian Roma and Vietnamese guest students in Berlin. It was seemingly inexplicable how the two groups could enter into business relationships without a common language.

 

This paper interprets the observed events and raises fundamental questions about society, market economy, and democracy. It discusses the role of trust and reputation as the prerequisite of conditional trust and suggest that there are now validation for classical economic value theory and for relationship management. This has important consequences for sociology, business administration, and economics.

Keywords
Trust, reputation, week ties, market, society, value theory, relationship management
National Category
Economics and Business
Research subject
Economy, Marketing
Identifiers
urn:nbn:se:lnu:diva-31029 (URN)
Conference
20th Annual International Conference on Advances in Management) & 6th Annual International Conference on Social Intelligence, London,July 17-19, 2013
Available from: 2013-12-07 Created: 2013-12-07 Last updated: 2014-09-23Bibliographically approved
Philipson, S. (2013). Pattern-finding in qualitative data: a 17 steps procedure of making data analyzable. In: Vrontis, D., Weber, Y. & Tsoukatos, E. (Ed.), Proceedings from the 6th Annual Conference of the EuroMed Academy of Business. Confronting Contemporary Business Challenges through Management Innovation, Estoril, 23-24 september 2013, EuroMed Press: . Paper presented at the 6th Annual Conference of the EuroMed Academy of Business. Confronting Contemporary Business Challenges through Management Innovation, Estoril, 23-24 september 2013. (pp. 1804-1820). EuroMed Press
Open this publication in new window or tab >>Pattern-finding in qualitative data: a 17 steps procedure of making data analyzable
2013 (English)In: Proceedings from the 6th Annual Conference of the EuroMed Academy of Business. Confronting Contemporary Business Challenges through Management Innovation, Estoril, 23-24 september 2013, EuroMed Press / [ed] Vrontis, D., Weber, Y. & Tsoukatos, E., EuroMed Press , 2013, p. 1804-1820Conference paper, Published paper (Refereed)
Abstract [en]

I have examined or tutored some 500 bachelors theses and some 100 masters theses at several Swedish universities.

Over the past 20 years Swedish secondary school graduates has become less and less apt in mathematics, Mullis, et al. (2009). Due to this development university students mostly chose to make qualitative studies, irrespective if this is the best choice to study the research question on not. Most of them don’t even make good qualitative studies. After analysis of the requirements of what is needed, Prahalad’s (2006) ‘sandbox of innovation’, I have developed an abductive method for analysing qualitative data to help the students to get good use of their empirical material, a well-grounded theory, in contrast to the inherent deductive nature of grounded theory. It is suitable for studies based on interviews, focus groups and observations.

As the dataset grows, the method becomes cumbersome, which I don not consider is a big problem, as big qualitative datasets would preferably be analysed by non-parametric statistics, rather than the iterative interpreting qualitative method I suggest here. The method has so far been used to advantage by students in some 15 bachelor and master theses. I also discuss the limitations of the method.

Place, publisher, year, edition, pages
EuroMed Press, 2013
Keywords
Presentation and analysis of qualitative information, interviews, focus groups, observations
National Category
Educational Sciences
Research subject
Economy, Marketing
Identifiers
urn:nbn:se:lnu:diva-31028 (URN)978-9963-711-16-1 (ISBN)
Conference
the 6th Annual Conference of the EuroMed Academy of Business. Confronting Contemporary Business Challenges through Management Innovation, Estoril, 23-24 september 2013.
Available from: 2013-12-07 Created: 2013-12-07 Last updated: 2015-04-14Bibliographically approved
Philipson, S. & Oghazi, P. (2013). Quantum leaps: the Resource Based View (RBV) and the School of Industrial Organization (IO) revisited. Advances in Management, 6(4), 25-36
Open this publication in new window or tab >>Quantum leaps: the Resource Based View (RBV) and the School of Industrial Organization (IO) revisited
2013 (English)In: Advances in Management, ISSN 0974-2611, E-ISSN 2278-4551, Vol. 6, no 4, p. 25-36Article in journal (Refereed) Published
Abstract [en]

This is a conceptual paper. In her doctoral thesis, “Capital functions and the position of the workers” (in Swedish), published in 1980, Philpson, explored a Marxian theory of Business administration, based on a little known work by Marx, “Resultate des unmittelbares produktionsprozesses”. She explored the three concepts “levels of functions of capital”, after Bettelheim, the “generalisation of capital functions” and hence globalisation and the possibility to use the concept of “hegemony” in business administration, after Gramsci.

Two of the principle concepts were Marx’ “inner” and “outer” conditions of production. These pre-empted the Resource-Based View (RBV) and the School of Industrial Organization (IO) with hundred years. In Philipson, she proposed 72 phenotypes for the principle strategic situations for companies, based on their inner and outer conditions of production. The resource based view and the Industrial Organization School have long been two antagonistic explanations of the strategic possibilities of firms.

This study is a synthesis of these two schools based on the framework developed in Philipson. It suggests a phenomenology for studying firm strategy that might possibly give precedence for a different mix of the two schools in the phenomenological cases.

In spite of the development of the RBV and the IO over the last 30 years, the most interesting questions to pursue for strategy research are how companies transcends their resources to reinvent themselves and how they transcend their resources to face new environmental conditions of which they do not have enough experience and resources; hence the trans- cendence of their limitations. 

Keywords
Inner conditions of production, Outer conditions of production, Resource Based View, Industrial Organization, Productive forces
National Category
Business Administration
Research subject
Economy, Business administration
Identifiers
urn:nbn:se:lnu:diva-24962 (URN)
Available from: 2013-03-30 Created: 2013-03-30 Last updated: 2017-12-06Bibliographically approved
Organisations
Identifiers
ORCID iD: ORCID iD iconorcid.org/0000-0003-3323-907X

Search in DiVA

Show all publications