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Stafsudd, Anna
Publications (10 of 19) Show all publications
Jonnergård, K., Larsson Olaison, U. & Stafsudd, A. (2017). Established forms of worker voice and the wind of change: between corporate governance and industrial relations. In: Presented at the 33rd EGOS Colloquium, Copenhagen, Denmark, July 6-8, 2017: . Paper presented at 33rd EGOS Colloquium, Copenhagen, Denmark, July 6-8, 2017.
Open this publication in new window or tab >>Established forms of worker voice and the wind of change: between corporate governance and industrial relations
2017 (English)In: Presented at the 33rd EGOS Colloquium, Copenhagen, Denmark, July 6-8, 2017, 2017Conference paper, Oral presentation only (Refereed)
National Category
Business Administration
Research subject
Economy, Business administration
Identifiers
urn:nbn:se:lnu:diva-64040 (URN)
Conference
33rd EGOS Colloquium, Copenhagen, Denmark, July 6-8, 2017
Available from: 2017-05-21 Created: 2017-05-21 Last updated: 2017-10-02Bibliographically approved
Jonnergård, K., Larsson Olaison, U. & Stafsudd, A. (2016). From Radical Left to Shareholder Value: a Longitudinal Comparison of Employee- and Owner-Elected Representatives’ Perceptions. In: Presented at the 28th SASE Annual Meeting, Berkeley, USA, June 24-26, 2016: . Paper presented at 28th SASE Annual Meeting, Berkeley, USA, June 24-26, 2016.
Open this publication in new window or tab >>From Radical Left to Shareholder Value: a Longitudinal Comparison of Employee- and Owner-Elected Representatives’ Perceptions
2016 (English)In: Presented at the 28th SASE Annual Meeting, Berkeley, USA, June 24-26, 2016, 2016Conference paper, Oral presentation only (Refereed)
National Category
Sociology (excluding Social Work, Social Psychology and Social Anthropology)
Research subject
Economy
Identifiers
urn:nbn:se:lnu:diva-64041 (URN)
Conference
28th SASE Annual Meeting, Berkeley, USA, June 24-26, 2016
Available from: 2017-05-21 Created: 2017-05-21 Last updated: 2017-06-30Bibliographically 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
Holgersson, M. & Stafsudd, A. (2015). Shareholder value orientation: grand unified business theory or window-dressing?. In: Presented at the 27th SASE Annual Conference, London, UK, July 2-4, 2015: . Paper presented at 27th SASE Annual Conference, London, UK, July 2-4, 2015.
Open this publication in new window or tab >>Shareholder value orientation: grand unified business theory or window-dressing?
2015 (English)In: Presented at the 27th SASE Annual Conference, London, UK, July 2-4, 2015, 2015Conference paper, Oral presentation only (Refereed)
Abstract [en]

Previous research has shown that sociopolitical context is important for adoption of shareholder value-oriented practices in terms of owner and manager preferences (Fiss & Zajac, 2004). This turn of research and its focus on owners has further been elaborated on by for example Chizema & Shinosawa (2012) and Zattoni & Minichilli (2009) as well as by Saunders & Tuschke (2007) and Shipilov et al. (2010) when it comes to the importance of firm networks. The purpose of this paper is to continue to explore why firms adopt shareholder value practices and especially so in traditional stakeholder governance system. Drawing on institutional theory, we develop a model of firm adoption of shareholder value practices which emphasizes the two sociopolitical features of different ownership types and board networks.

The model is tested on all Swedish listed companies 1995 to 2010 in five-year intervals. Furthermore, we specifically choose to study the two separate practices of using a dual-share system or not and executive incentive plans, as they are both closely connected to an agency-theory perspective and shareholder value orientation, but are very different in how upsetting one may assume them to be to the incumbent corporate governance system.

Our findings show that a shareholder value orientation seems to have taken root in Swedish companies, but that different aspects of the concept are affected by different actors, making the traditional Swedish blockholders and board networks vital although in separate ways. When it comes to the practice of equity incentive-based executive compensation, this is closely related to firm relations in terms of both board interlocks and board centrality. Thus, social networks seem to drive this practice. When it comes to using a one-share-one-vote system (rather than as traditional in Sweden A- and B-shares), social networks seem to have no importance at all. Instead, what is closely related to the adoption of such a non-traditional system is whether there are strong blockholders or not and of which type this owner is, as family and sphere blockholding is negatively related to one-share-one-vote, whereas institutional and foreign blockholding is positively related to it. Thus, non-system-threatening practices are readily diffused through social networks, as tends to be the case with symbolic action, but system-threatening practices are met with resistance from incumbent powerful actors.

We suggest that rather than hypothesis-testing of different variables, the contribution of our paper lies in its teasing out of different patterns for different shareholder value orientation practices, as it may help explain the different results in previous studies in similar European contexts. For where Fiss & Zajac (2004) emphasize their findings on the importance of owners (and the non-importance of networks), Sanders & Tuschke (2007) as well as Zattoni & Minichilli (2009) in contrast emphasize the non-importance of owners and in the first case the importance of networks, which are unfortunately not included in the latter one. The explanation for these diverging results may then be found in the dependent variable, as who is invested (or not) in the practice may determine its adoption.

National Category
Sociology (excluding Social Work, Social Psychology and Social Anthropology)
Research subject
Economy
Identifiers
urn:nbn:se:lnu:diva-64037 (URN)
Conference
27th SASE Annual Conference, London, UK, July 2-4, 2015
Available from: 2017-05-21 Created: 2017-05-21 Last updated: 2017-06-30Bibliographically approved
Holgersson, M. & Stafsudd, A. (2014). Shareholder Value Orientation: Grand Unified Business Theory or Window-Dressing Depending on Institutional Context and Firm-Specific Characteristics?. In: : . Paper presented at 14th European Academy of Management Annual Conference, Valencia, Spain, June 4-7, 2014.
Open this publication in new window or tab >>Shareholder Value Orientation: Grand Unified Business Theory or Window-Dressing Depending on Institutional Context and Firm-Specific Characteristics?
2014 (English)Conference paper, Oral presentation only (Refereed)
National Category
Business Administration
Research subject
Economy, Business administration
Identifiers
urn:nbn:se:lnu:diva-64038 (URN)
Conference
14th European Academy of Management Annual Conference, Valencia, Spain, June 4-7, 2014
Available from: 2017-05-21 Created: 2017-05-21 Last updated: 2017-06-30Bibliographically approved
Holgersson, M. & Stafsudd, A. (2014). Shareholder value orientation in a European context: grand unified business theory or window-dressing depending on institutional context and firm-specific characteristics?. In: Presented at the 16th Annual Conference on European Integration - Swedish Network for European Studies in Economics and Business (SNEE), Mölle, Sweden, May 20-23, 2014: . Paper presented at 16th Annual Conference on European Integration - Swedish Network for European Studies in Economics and Business (SNEE), Mölle, Sweden, May 20-23, 2014.
Open this publication in new window or tab >>Shareholder value orientation in a European context: grand unified business theory or window-dressing depending on institutional context and firm-specific characteristics?
2014 (English)In: Presented at the 16th Annual Conference on European Integration - Swedish Network for European Studies in Economics and Business (SNEE), Mölle, Sweden, May 20-23, 2014, 2014Conference paper, Oral presentation only (Refereed)
National Category
Economics and Business
Research subject
Economy
Identifiers
urn:nbn:se:lnu:diva-64039 (URN)
Conference
16th Annual Conference on European Integration - Swedish Network for European Studies in Economics and Business (SNEE), Mölle, Sweden, May 20-23, 2014
Available from: 2017-05-21 Created: 2017-05-21 Last updated: 2017-06-30Bibliographically approved
Edling, C., Hobdari, B., Randøy, T., Stafsudd, A. & Thomsen, S. (2012). Testing the “old boys’ network”: Diversity and board interlocks in Scandinavia. In: Kogut, Bruce (Ed.), The Small Worlds of Corporate Governance Systems: (pp. 183-202). Cambridge: MIT Press
Open this publication in new window or tab >>Testing the “old boys’ network”: Diversity and board interlocks in Scandinavia
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2012 (English)In: The Small Worlds of Corporate Governance Systems / [ed] Kogut, Bruce, Cambridge: MIT Press, 2012, p. 183-202Chapter in book (Other academic)
Place, publisher, year, edition, pages
Cambridge: MIT Press, 2012
National Category
Business Administration
Research subject
Economy, Business administration
Identifiers
urn:nbn:se:lnu:diva-31534 (URN)9780262017275 (ISBN)
Available from: 2014-01-20 Created: 2014-01-20 Last updated: 2014-01-27Bibliographically approved
Stafsudd, A. (2011). Karriärplaner och familjeliv. In: Elg, U. & Jonnergård, K. (Ed.), Att träda in i en profession: om hur kvinnor och män etablerar sig inom revisionsbranschen och akademin (pp. 79-99). Lund: Lund University Press
Open this publication in new window or tab >>Karriärplaner och familjeliv
2011 (Swedish)In: Att träda in i en profession: om hur kvinnor och män etablerar sig inom revisionsbranschen och akademin / [ed] Elg, U. & Jonnergård, K., Lund: Lund University Press , 2011, p. 79-99Chapter in book (Other academic)
Place, publisher, year, edition, pages
Lund: Lund University Press, 2011
Series
Lund studies in economics and management, ISSN 0284-5075 ; 121
Keywords
genus, karriär, familj, professioner, revisionsbranschen, universitet
National Category
Business Administration
Research subject
Economy, Business administration
Identifiers
urn:nbn:se:lnu:diva-15393 (URN)978-91-85113-45-3 (ISBN)
Projects
Att träda in i en profession
Available from: 2011-10-31 Created: 2011-10-31 Last updated: 2011-11-10Bibliographically approved
Jonnergård, K. & Stafsudd, A. (2011). The auditor as a s/he:accounts on gender in the Swedish audition industry. In: : . Paper presented at European Accounting Association EAA 34th Annual Congress, Rome, Italy 20-24 april 2011.
Open this publication in new window or tab >>The auditor as a s/he:accounts on gender in the Swedish audition industry
2011 (English)Conference paper, Published paper (Refereed)
Abstract [en]

Traditionally, the auditing industry has been perceived as a gendered industry.Even though this is slowly changing, it is still unusual for women to reach higherpositions within the auditing or accounting firms. Research also indicates thatwomen have lower career aspirations and that they have a higher propensity forleaving the industry. What we do know less about is how the auditors themselveslook upon the gender situation in the industry. Do they talk about genderdifferences and, if they do, how are these differences conceptualised andexplained?In this paper, we present an analysis of the perception of gender amongrecently accredited Swedish auditors. The paper is built upon an open-endedquestion in a survey sent to all auditors having received their first accreditationduring the period of 1999 to 2003. We find that a majority talk about there being adifference between female and male auditors and that this difference may beconceptualised in six themes that include both perceptions of as well as theexplanations for the differences. Women to a high degree discuss differences inthemes concerning especially relations, while men to a high degree refer tostructures. When talking about there not being a difference, women tend to referto individual arguments, whereas men refer to structural ones. The analysisindicates that the auditors talk about their own business as a modern one, but thisis hardly so when it comes to equality between the sexes.Keywords: Gender equality, auditing industry, accountsIntroductionThe

National Category
Economics and Business
Research subject
Economy, Business administration
Identifiers
urn:nbn:se:lnu:diva-15452 (URN)
Conference
European Accounting Association EAA 34th Annual Congress, Rome, Italy 20-24 april 2011
Funder
Riksbankens Jubileumsfond
Available from: 2011-12-06 Created: 2011-11-01 Last updated: 2014-05-12Bibliographically approved
Jonnergård, K. & Stafsudd, A. (2011). The making of active boards in Swedish public companies. Journal of Management and Governance, 15(1), 123-155
Open this publication in new window or tab >>The making of active boards in Swedish public companies
2011 (English)In: Journal of Management and Governance, ISSN 1385-3457, E-ISSN 1572-963X, Vol. 15, no 1, p. 123-155Article in journal (Refereed) Published
Abstract [en]

Boards of directors are a vital part of corporate governance systems. In the on-going discussion about the development of national corporate governance systems, however, little interest has been given to the issue of how and why board behavior changes over time. In this article, we use an institutional approach and study the development of board behavior in Sweden between 1994 and 2004 and if it is affected by board composition and board network characteristics. In order to do so, we introduce the constructs of board activities, i.e. what the boards do, and board involvement, i.e. when in the decision process they get involved. Findings show that range of board activities and board involvement have increased drastically during this period, which indicates a change in the logic of appropriateness of Swedish board behavior. There are robust indications that new types of actors affect activities and involvement positively, as do board interlocks, whereas network centrality affects activities and involvement negatively.

Place, publisher, year, edition, pages
Springer Science+Business Media, LLC., 2011
Keywords
board of directors, board activities, board involvement, board composition, board networks, institutional theory
National Category
Business Administration
Research subject
Economy, Business administration
Identifiers
urn:nbn:se:lnu:diva-15391 (URN)10.1007/s10997-009-9120-y (DOI)
Projects
Small world Sweden: The importance of corporate networksThe development of the Swedish corporate governance system
Available from: 2011-10-31 Created: 2011-10-31 Last updated: 2017-12-08Bibliographically approved
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