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“The Performance of Private Equity and non-Private Equity Backed Initial Public Offerings”: A Study of Underpricing and Long-Run Stock Performance on the European Stock Exchanges

The analysis shows that underpricing exists on the European market during 1999-2010 and that PE backed firms usually experience a lower underpricing than non-PE backed companies. Maturity, earnings management and company size are variables explaining underpricing for PE firms. For non-PE backed IPOs, earnings management is the only statistically significant variable explaining the underpricing. In

“The Performance of Private Equity and non-Private Equity Backed Initial Public Offerings”: A Study of Underpricing and Long-Run Stock Performance on the European Stock Exchanges

The analysis shows that underpricing exists on the European market during 1999-2010 and that PE backed firms usually experience a lower underpricing than non-PE backed companies. Maturity, earnings management and company size are variables explaining underpricing for PE firms. For non-PE backed IPOs, earnings management is the only statistically significant variable explaining the underpricing. In

National Intellectual Capital: Examining the implications of intellectual capital elements in national and innovation system model context through a comparative study of Finland, Singapore and Malaysia

This paper seeks to examine the relationship between intellectual capital (IC) elements – human capital, market capital, process capital and renewal capital – and innovation system models (ISMs), on a national level, to determine if specific IC elements have a higher degree of influence in supporting economic competitiveness, and if both IC and ISM mutually influence and reinforce one another. Thr

A study of sustainability in Thule AB: Investigation of awareness and practices within the company and a transformation strategy

Sustainability has begun to be embraced by more competitive and modern businesses. We believe that the issue of sustainability cannot be avoided today by any company. Organizations that are in leading positions are already trying to take advantage of sustainability and integrating it into their business models. The concept of sustainability will be introduced and a discussion is made about the cur

Analyzing the future of technology and society. Scania and the case of the Russian fuel market.

Issue of study: The development of technology and society is closely linked. Mutual dependency and complex interrelationships make straightforward analysis of issues regarding the future of technology and society hard to perform. Therefore, the study addresses the question of how organizations should describe and analyze the interactions of technology and society in order to gain a better understa

Skanska and their strategic Polish suppliers: Analysis of the buyer- supplier relationship against the interplay of pricing strategy, supply chain policies and culture

Researchers and practitioners have recognized the need for ‘transforming’ every policy of the company into a competitive advantage tool. Thus, both the pricing approach and the supply chain practices of the firm have emerged as an important determinant of success. In this study, however, we are not only interested in these two aspects, but also in a third one-namely cultural conflicts as an obstac

Vileförklaringen och dess innehåll: Om avtalsrättslig begreppsbildning och systematik; (Declaration of legal intent and it's content: A study of concept formation and systematics in contract law.

The concept "declaration of legal intent" belongs to the legal tradition of most European countries. Different versions of a theory pertaining to the declaration of legal intent have been elaborated, all with a view to rendering the concept itself more precise: what conception of "intent" or "will" (counterparts of the latter word being used in several languages, for instance the Swedish viljef

Institutions, Events and Theory: A Comparison of the Monetary Policy Reforms of 1844/45 in England and Sweden.

The paper analyses the role of ideas, past experience and crises in the process leading to theoretical and political disputes and the changes of monetary and banking policy in Sweden in 1844/45. It also analyses the role of institutional settings and types of actors involved in the decision-making process. A comparative approach is deployed. Policy changes at the time in the poor and peripheral Sw

Integration of Culture, Culture as Integration : The Praxis and Politics of Multicultural Theatre and Drama

Theatre is one of the artistic tools most often employed in Sweden to promote social integration. The aim of this article is to illustrate recurrent paradoxes concerning representation in multicultural theatre projects in the Swedish context. The productions discussed were studied ethnographically over an extended period of time, 2002 to 2007, with additional interviews undertaken in 2008–10 and 2