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Forskningsmetodikens grunder. Att planera, genomföra och rapportera en undersökning.

01 Jan 2003-
About: The article was published on 2003-01-01 and is currently open access. It has received 1748 citations till now.
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Journal ArticleDOI
TL;DR: In this article, the effect of ERM on Tobin's Q, a standard proxy for firm value, is investigated and the authors find a positive relation between firm value and the use of risk management.
Abstract: Enterprise risk management (ERM) has been the topic of increased media attention in recent years. The objective of this study is to measure the extent to which specific firms have implemented ERM programs and, then, to assess the value implications of these programs. We focus our attention in this study on U.S. insurers in order to control for differences that might arise from regulatory and market differences across industries. We simultaneously model the determinants of ERM and the effect of ERM on firm value. We estimate the effect of ERM on Tobin's Q, a standard proxy for firm value. We find a positive relation between firm value and the use of ERM. The ERM premium of roughly 20 percent is statistically and economically significant.

748 citations

Journal ArticleDOI
TL;DR: In this paper, the challenges posed by climate change calls for effective strategies and measures, but its challenges have hitherto not been fully understood in Sweden, where municipalities have recently been recently...
Abstract: Though managing vulnerabilities posed by climate change calls for effective strategies and measures, its challenges have hitherto not been fully understood. In Sweden, municipalities have recently ...

128 citations


Cites background from "Forskningsmetodikens grunder. Att p..."

  • ...The interviewees were asked to speak freely on the topics discussed, to facilitate understanding of a complex context by analysing this specific case (Lantz 1993, Patel and Davidson 2003)....

    [...]

15 Sep 2014
TL;DR: In this article, the authors examined the Swedish forest industry's view on the market potential of nanocellulose and concluded that the right combination of business model and product area is of importance for a successful commercial concept.
Abstract: General concerns about environmental issues may mean that the demand for bio-based products will increase. Opportunities that arise on markets, together with the declining demand for newsprint, may trigger firms in the Swedish forest industry to increase their development of new products. One product that has received a lot of attention during recent years (and is a contender) is nanocellulose. The purpose of this master thesis was to examine the Swedish forest industry’s view on the market potential of nanocellulose. For many forest based firms standard newsprint have been of utmost importance. However, due to the rise of digital media it is commonly acknowledged that the consumption of standard newsprint may have peaked. New product development is of importance when markets change and uncertainty on markets arises. Maybe, nanocellulose could be the answer to several problems. Qualitative interviews with eleven respondents from relevant Swedish forest firms have been conducted during the period Mars to May 2014. Specific questions the thesis tried to answers were: • What are the factors that could make wood-based nanocellulose a successful commercial concept? • What are the factors that hinder wood-based nanocellulose from becoming a successful commercial concept? • In what stage of the value-chain should the implementation commence? During the conducted interviews it has been emphasized that the right combination of business model and product area is of importance for a successful commercial concept. At the same time the process ability of nanocellulose has to increase. Judging by the conducted interviews, areas of use and required volumes will determine which actors that may pursue a commercialization of nanocellulose. There is still a lot of work to be done and at the moment some forest firms are unsure if they should commence the commercialization - this because the current situation of nanocellulose is quite unsure. Demand is uncertain, and there are still technological issues to be solved before nanocellulose can reach the great potential it carries. Still, most of the approached respondents believe that nanocellulose will find its place on a market within 5-10 years. Nanocellulose is considered a fantastic material and the main push factors for a successful commercialization are its characteristics. However, no real demand from the customers’ point of view has been made visible. If the right business model could be connected to the right product nanocellulose will surely be successful. Maybe, it is too early to determine how big the market potential of nanocellulose is. Nonetheless, what can be said is that nanocellulose carries great potential.

102 citations

Journal ArticleDOI
TL;DR: This article investigated how northern European managers perceive social interaction, social bonds and trust in conducting business with ethnic Chinese business partners in Singapore, Malaysia and Thailand, and found that when northern European and ethnic Chinese firms develop trading relationships, the resulting relationship is neither Nordic nor Chinese.

57 citations

01 Jan 2008
TL;DR: Symphony of the spheres in change? Learning in environment for sustainable development in primary school with a scientific and longitudinal approach is discussed in this article, where learning in science is dealt with.
Abstract: Symphony of the spheres in change? Learning in environment for sustainable development in primary school with a scientific and longitudinal approach. This research deals with learning in science, i ...

46 citations