lnu.sePublications
Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
“I never think of the future, it comes soon enough”: En studie om bolagsstyrningens tidshorisonter inom den svenska IT-branschen
Linnaeus University, School of Business and Economics, Department of Management Accounting and Logistics.
Linnaeus University, School of Business and Economics, Department of Management Accounting and Logistics.
2018 (Swedish)Independent thesis Advanced level (degree of Master (One Year)), 240 HE creditsStudent thesisAlternative title
“I never think of the future, it comes soon enough” : En studie om bolagsstyrningens tidshorisonter inom den svenska IT-branschen (English)
Abstract [sv]

Bakgrund: Short-termism beskrivs i såväl den vardagliga debatten som i akademiska undersökningar som ett hinder för bolags långsiktiga värdeskapande. Trots detta så är inte relationen mellan short-termism och långsiktigt värdeskapande undersökt tillräckligt. Utöver detta så har tidigare studier funnit att tidshorisonten inom bolagsstyrning påverkar ett bolags finansiella prestationer, men inte kunnat fastställa hur relationen mellan short-termism, långsiktigt värdeskapande och finansiella prestationer ser ut.

Syfte: Syftet med denna studie är att öka förståelse för relationen mellan short-termism, långsiktigt värdeskapande och finansiella prestationer, samt förklara vilka faktorer som påverkar variation av short-termism inom den svenska IT-branschen.

Metod: Genom en kvantitativ metod i kombination med en deduktiv ansats så har studien undersökt hur relationen mellan olika fenomen inom bolagsstyrningen ser ut. Detta är gjort med ett urval bestående av IT-bolag som är noterade på Stockholmsbörsen.

Slutsats: I en svensk kontext är agentteorin applicerbar, där ägande tycks vara starkast drivande faktorn när det kommer till tidshorisonten inom bolagsstyrning. Studien finner inte några empiriska bevis för att en relation mellan short-termism och långsiktigt värdeskapande finns, vilket påvisar att dessa två fenomen inom bolagsstyrning inte nödvändigtvis har en negativ relation mellan sig. Resultat från studien har dock visat att short-termism har en positiv relation till kortsiktiga finansiella prestationer, medan långsiktigt värdeskapande har en negativ relation till kortsiktiga finansiella prestationer. Det ser studien som ett empiriskt bevis för nyttan av att kunna balansera short-termism och långsiktigt värdeskapande för att uppnå en effektiv bolagsstyrning.

Abstract [en]

Background: Short-termism is described in both commonplace debate and academic research as an obstacle to company's long-term value creation. Nevertheless, the relationship between short-termism and long-term value creation is not investigated enough. In addition to this, previous studies have found that the time perspective within corporate governance affects a company's financial performance, but has not been able to determine how the relationship between short-termism, long-term value creation and financial performance appears.

Purpose: The purpose of this study is to increase understanding of the relationship between short-termism, long-term value creation and financial performance, as well as explain the factors that influence the variation of short-termism within the Swedish IT industry.

Method: Through a quantitative method in combination with a deductive approach, the study has investigated the relationship between different phenomena within corporate governance. The sample consists of companies from the IT industry listed on the Stockholm Stock Exchange.

Conclusion: In a Swedish context, the agency theory is applicable, where ownership seems to be the strongest driving factor when it comes to the time perspective within corporate governance. The study does not find any empirical evidence that a relationship between short- termism and long-term value creation exists, which shows that these two phenomena of corporate governance do not necessarily have a negative relationship to each other. However, the results of the study have shown that short-termism has a positive relation to short-term financial performance, while long-term value creation has a negative relation to short-term financial performance. These empirical evidences indicate the benefit of being able to balance short-term and long-term value creation in order to achieve effective corporate governance.

Place, publisher, year, edition, pages
2018. , p. 175
Keywords [en]
Short-termism, Long-term value creation, Financial Performance, Sweden, IT
Keywords [sv]
Short-termism, Långsiktigt värdeskapande, Finansiella prestationer, Sverige, IT
National Category
Business Administration
Identifiers
URN: urn:nbn:se:lnu:diva-74830OAI: oai:DiVA.org:lnu-74830DiVA, id: diva2:1212217
Subject / course
Business Administration - Management Accounting
Educational program
Business Administration and Economics Programme, 240 credits
Presentation
2018-05-30, N1017, Georg Lückligs väg 3, Växjö, 10:30 (Swedish)
Supervisors
Examiners
Available from: 2018-06-01 Created: 2018-06-01 Last updated: 2018-06-01Bibliographically approved

Open Access in DiVA

fulltext(2027 kB)28 downloads
File information
File name FULLTEXT01.pdfFile size 2027 kBChecksum SHA-512
f2d488416506df66a96b364cc6638ab043028d630a5bcc66e26c5aab85ecfad932436fe411c58b094c9650e470b048b9fe16fb61e336fa10536f20e03a614e26
Type fulltextMimetype application/pdf

Search in DiVA

By author/editor
Källum, MartinSturesson, Hampus
By organisation
Department of Management Accounting and Logistics
Business Administration

Search outside of DiVA

GoogleGoogle Scholar
Total: 28 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

urn-nbn

Altmetric score

urn-nbn
Total: 75 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf