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Larsson Olaison, UlfORCID iD iconorcid.org/0000-0003-4961-1569
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Publications (10 of 44) Show all publications
Larsson Olaison, U. (2019). Convergence of corporate governance systems: a legal transplant perspective. Competition & change
Open this publication in new window or tab >>Convergence of corporate governance systems: a legal transplant perspective
2019 (English)In: Competition & change, ISSN 1024-5294, E-ISSN 1477-2221Article in journal (Refereed) Epub ahead of print
Abstract [en]

The predominant approaches to comparative corporate governance view legal transfers dichotomously, seeing corporate governance systems as either converging or diverging as a result of legal reform. Drawing on legal studies, this paper proposes an alternative model using the metaphor of the staircase to conceptualize how legal transplants can meet different evaluation criteria before being considered ‘successful’. The model is empirically illustrated by the introduction of the Swedish Corporate Governance Code. It is found that different corporate governance rules when transplanted could be said to meet evaluation criteria more or less strictly. This finding has implications for our empirical and theoretical understanding of how corporate governance systems converge.

Place, publisher, year, edition, pages
Sage Publications, 2019
Keywords
Convergence, Divergence, Legal transplant, Comparative corporate governance, Corporate governance code
National Category
Business Administration
Research subject
Economy, Business administration
Identifiers
urn:nbn:se:hj:diva-46341 (URN)10.1177/1024529418800592 (DOI)2-s2.0-85058399452 (Scopus ID)
Available from: 2019-01-10 Created: 2019-09-25Bibliographically approved
Jonnergård, K. & Larsson Olaison, U. (2018). Does regulation matter? An empirical study of voluntary and mandatory CSR-reporting. In: : . Paper presented at 30th SASE Annual Meeting, June 23-25, 2018, Kyoto, Japan.
Open this publication in new window or tab >>Does regulation matter? An empirical study of voluntary and mandatory CSR-reporting
2018 (English)Conference paper, Oral presentation with published abstract (Refereed)
National Category
Business Administration
Identifiers
urn:nbn:se:hj:diva-46532 (URN)
Conference
30th SASE Annual Meeting, June 23-25, 2018, Kyoto, Japan
Available from: 2019-10-11 Created: 2019-10-11 Last updated: 2019-10-11Bibliographically approved
Jonnergård, K. & Larsson Olaison, U. (2018). Does regulation matter? An small-sizestudy of voluntary and mandatory CSR-reporting. In: : . Paper presented at Nordic Accounting Conference 2018, 15-16 November 2018, Copenhagen, Denmark.
Open this publication in new window or tab >>Does regulation matter? An small-sizestudy of voluntary and mandatory CSR-reporting
2018 (English)Conference paper, Oral presentation with published abstract (Refereed)
National Category
Business Administration
Identifiers
urn:nbn:se:hj:diva-46525 (URN)
Conference
Nordic Accounting Conference 2018, 15-16 November 2018, Copenhagen, Denmark
Available from: 2019-10-10 Created: 2019-10-10 Last updated: 2019-10-10Bibliographically approved
Jonnergård, K. & Larsson Olaison, U. (2018). Doxa of shareholders and owners: on the threshold of financialization. Accounting, Economics, and Law: A Convivium, 8(3), Article ID 20160011.
Open this publication in new window or tab >>Doxa of shareholders and owners: on the threshold of financialization
2018 (English)In: Accounting, Economics, and Law: A Convivium, ISSN 2194-6051, E-ISSN 2152-2820, Vol. 8, no 3, article id 20160011Article in journal (Refereed) Published
Abstract [en]

Following financialization, there has emerged an understanding of what it implies to be a shareholder based on the shareholder value perception. However, as this shareholder value perception spreads internationally, it clashes with traditional perceptions. In this paper, we apply the language developed by Bourdieu to a Swedish public debate on equal treatment of shareholders in connection with the reform of the Swedish market for corporate control. Using Bourdieu’s conceptual framework, we describe how a global development interacts with the persistence of national practices. We conclude that in Sweden, local institutional investors have allied themselves with international institutional investors to enhance their positions in the restricted field of Swedish corporate control. Shareholder value is then used by these local actors as an argument to strengthen their position. At the same time, some of the controlling shareholders depart from their traditional position as industrial entrepreneurs and embrace a more financial approach to ownership, thereby altering both the power constellations and the capital, in Bourdieu’s sense, of the field.

Place, publisher, year, edition, pages
Walter de Gruyter, 2018
Keywords
Shareholder value, Financialization, Corporate governance, Sweden, Market for corporate control
National Category
Business Administration
Research subject
Economy, Business administration
Identifiers
urn:nbn:se:hj:diva-46342 (URN)10.1515/ael-2016-0011 (DOI)000451097600004 ()2-s2.0-85058519275 (Scopus ID)
Funder
The Jan Wallander and Tom Hedelius Foundation, P007-0144:1
Available from: 2019-09-25 Created: 2019-09-25 Last updated: 2019-09-25Bibliographically approved
Jansson, A., Jonnergård, K., Larsson Olaison, U. & Stafsudd, A. (2018). Financialization of a coordinated market economy: a longitudinal study. In: : . Paper presented at 30th SASE Annual Meeting, June 23-25, 2018, Kyoto, Japan.
Open this publication in new window or tab >>Financialization of a coordinated market economy: a longitudinal study
2018 (English)Conference paper, Oral presentation with published abstract (Refereed)
National Category
Business Administration
Identifiers
urn:nbn:se:hj:diva-46531 (URN)
Conference
30th SASE Annual Meeting, June 23-25, 2018, Kyoto, Japan
Available from: 2019-10-11 Created: 2019-10-11 Last updated: 2019-10-11Bibliographically approved
Larsson Olaison, U. & Weber, F. (2018). Value or Values based CSR communication in response to Virtues in Media reporting? German and Swedish corporations in the aftermath of the 2015 refugee situation. In: G. Grigore, A. Stancu, C. D. Ditlev-Simonsen (Ed.), Working Papers Series On Social Responsibility, Ethics And Sustainable Business: Volume 7, 2018. Paper presented at 7th International Conference on Social Responsibility, Ethics and Sustainable Business, 12-13 October, 2018, Oslo, Norway (pp. 15-15). Bucharest: ASE Publishing
Open this publication in new window or tab >>Value or Values based CSR communication in response to Virtues in Media reporting? German and Swedish corporations in the aftermath of the 2015 refugee situation
2018 (English)In: Working Papers Series On Social Responsibility, Ethics And Sustainable Business: Volume 7, 2018 / [ed] G. Grigore, A. Stancu, C. D. Ditlev-Simonsen, Bucharest: ASE Publishing , 2018, p. 15-15Conference paper, Oral presentation with published abstract (Refereed)
Abstract [en]

Media played an important role in framing the 2015 European refugee situation as a crisis. For example, the Council of Europe report (DG1(2017)03) documents a sharp reorientation in media reporting from ‘careful tolerance’ to ‘fear and securitisation’. Following institutional theory, corporations’ reply to the refugee situation is embedded in a given societal context, that is most actually encapsulated by media sentiment: while what is (and could be) done is imposed and options are limited, there is still some room for different corporate strategies.

We identify four major communication strategies corporations use to deal with the refugee issue: i) taking into account the social dimension (employment, integration, donation, encouragement), ii) considering the refugee issue in terms of business forecasting (opportunity, threat, neutral), iii) doing both, or iv) ignoring the issue altogether. Assuming a link between media coverage and CSR response, the European 2015 refugee situation provides a unique case. Based on content analysis of the 2015 and 2016 annual reports for the largest German and Swedish listed corporations, we analyze patterns in the reporting strategies of the corporations.

The tentative findings of the paper indicate that - in response to the changed media sentiment - German as well as Swedish corporations to a lesser extent reported on the business case of the refugee situation, many restoring to avoidance. However, to complicate things, the findings also indicate an increase in altruistic charitable response the the refugee situation in both Germany and Sweden. Moreover, our findings indicate that patterns vary between German and Swedish corporations to some extent.

Place, publisher, year, edition, pages
Bucharest: ASE Publishing, 2018
Series
Working Papers Series on Social Responsibility, Ethics & Sustainable Business, ISSN 2602-1056
National Category
Business Administration
Identifiers
urn:nbn:se:hj:diva-46526 (URN)
Conference
7th International Conference on Social Responsibility, Ethics and Sustainable Business, 12-13 October, 2018, Oslo, Norway
Available from: 2019-10-10 Created: 2019-10-10 Last updated: 2019-10-10Bibliographically approved
Weber, F. & Larsson Olaison, U. (2017). Corporate social responsibility accounting for arising issues. Journal of Communication Management, 21(4), 370-383
Open this publication in new window or tab >>Corporate social responsibility accounting for arising issues
2017 (English)In: Journal of Communication Management, ISSN 1363-254X, E-ISSN 1478-0852, Vol. 21, no 4, p. 370-383Article in journal (Refereed) Published
Abstract [en]

Purpose

Arising societal issues challenge corporate social responsibility. The purpose of this paper is to analyze how corporations account for arising issues under different institutional settings: the stakeholder oriented corporate governance model of Germany is hypothesized to produce a different response than the more state dominated Swedish welfare model.

Design/methodology/approach

This paper takes the reported CSR response of the largest corporations in Germany and Sweden, in relation to the 2015 European refugee crisis, as its case. In total, 157 annual reports are investigated by means of text analysis for statements in relation to the European refugee crisis.

Findings

Empirically, German corporations are more prone to communicate on this emerging issue, and deploying corporate resources to an emerging societal crisis. Based on that finding, this study concludes that the German model is more in line with international CSR-discourse than the Swedish.

Research limitations/implications

This study has implications for institutional theory perspectives on CSR accounting-related issues. By comparing two economies that would be characterized as “coordinated market economies” a somewhat different set of topics becomes apparent. Further considering country context could be useful when expanding the debate on CSR accounting.

Originality/value

This study is the first to empirically investigate corporate diplomacy with regard to the European refugee crisis. Besides others, corporations are important societal players. Therefore, corporations bear both, the obligation to deal with arising issues and the potential to participate in public opinion-forming with regard to those issues.

Place, publisher, year, edition, pages
Emerald Group Publishing Limited, 2017
Keywords
Research, Corporate communication, Community relations, Methodology, CSR, Issues management, Agenda-setting, Corporate social responsibility
National Category
Business Administration
Research subject
Economy, Business administration
Identifiers
urn:nbn:se:hj:diva-46343 (URN)10.1108/JCOM-02-2017-0028 (DOI)000414711500005 ()2-s2.0-85049154896 (Scopus ID)
Available from: 2017-12-01 Created: 2019-09-25Bibliographically approved
Jansson, A. & Larsson Olaison, U. (2017). Shareholder​ ​primacy​ ​and​ ​shareholder​ ​prominence: Swedish​ ​corporate​ ​law​ ​and​ ​the​ ​corporate​ ​purpose 1848-2005. In: : . Paper presented at WINIR 2017, 14-17 September 2017, Utrecht, Netherlands.
Open this publication in new window or tab >>Shareholder​ ​primacy​ ​and​ ​shareholder​ ​prominence: Swedish​ ​corporate​ ​law​ ​and​ ​the​ ​corporate​ ​purpose 1848-2005
2017 (English)Conference paper, Published paper (Refereed)
Abstract [en]

Despite​ ​evidence​ ​of​ ​global​ ​legal​ ​convergence​ ​in​ ​corporate​ ​law,​ ​Swedish​ ​corporate​ ​law​ ​does not​ ​recognize​ ​the​ ​interest​ ​of​ ​the​ ​corporate​ ​entity.​ ​Rather,​ ​the​ ​corporate​ ​purpose​ ​is​ ​explicitly defined​ ​as​ ​profit​ ​generation​ ​on​ ​behalf​ ​of​ ​the​ ​shareholders.​ ​Although​ ​this​ ​is​ ​not​ ​fully comparable​ ​to​ ​the​ ​normative​ ​stance​ ​of​ ​shareholder​ ​primacy,​ ​it​ ​is​ ​a​ ​stance​ ​of​ ​shareholder prominence.​ ​In​ ​this​ ​paper​ ​we​ ​trace​ ​this​ ​position​ ​in​ ​Swedish​ ​legal​ ​thinking​ ​regarding​ ​the corporation,​ ​and​ ​throughout​ ​history,​ ​drawing​ ​on​ ​Sewells​ ​eventful​ ​temporality​ ​approach.​ ​We find​ ​strong​ ​indications​ ​of​ ​foreign​ ​influence​ ​on​ ​Swedish​ ​corporate​ ​law,​ ​from​ ​its​ ​introduction​ ​in 1848​ ​until​ ​the​ ​last​ ​revision​ ​in​ ​2005,​ ​although​ ​the​ ​shareholder​ ​prominence​ ​position​ ​is​ ​linked​ ​to internal​ ​developments​ ​in​ ​the​ ​1930s:​ ​contemporary​ ​legal​ ​thinking,​ ​conservatism​ ​of​ ​the​ ​legal profession​ ​and​ ​the​ ​economic​ ​disasters​ ​following​ ​the​ ​Kreuger-crash.​ ​This​ ​path​ ​dependent development​ ​led​ ​to​ ​an​ ​inert​ ​institution​ ​of​ ​shareholder​ ​prominence,​ ​strongly​ ​rejecting​ ​legal change.

National Category
Business Administration
Identifiers
urn:nbn:se:hj:diva-46533 (URN)
Conference
WINIR 2017, 14-17 September 2017, Utrecht, Netherlands
Available from: 2019-10-11 Created: 2019-10-11 Last updated: 2019-10-11Bibliographically approved
Jonnergård, K., Larsson Olaison, U. & Veldman, J. (2017). The political economy of transparent accounting: considering the temporality of history. In: : . Paper presented at 29th SASE Annual Meeting, 29 June - 1 July, 2017, Lyon, France.
Open this publication in new window or tab >>The political economy of transparent accounting: considering the temporality of history
2017 (English)Conference paper, Oral presentation with published abstract (Refereed)
Abstract [en]

The development of transparent accounting is often theoretically linked with the development of financial markets. In this paper we argue that such an understanding of transparent accounting does not necessarily consider the temporality of the historical context where transparent accounting is invented. To illustrate this argument we empirically investigate the raise of transparent accounting in Sweden during the 1960s and 1970s. This time-period in Sweden is characterised by underdeveloped financial markets and a strong stakeholder-orientation mostly aimed at economic democracy and strengthened employee voice in corporate decision-making. By providing an alternative understanding of transparent accounting to dominant law and economics scholarship, this paper contributes to our knowledge on the link between accounting and financial markets, especially regarding the role of other interest groups than shareholders influencing accounting development.

National Category
Business Administration
Identifiers
urn:nbn:se:hj:diva-46535 (URN)
Conference
29th SASE Annual Meeting, 29 June - 1 July, 2017, Lyon, France
Available from: 2019-10-11 Created: 2019-10-11 Last updated: 2019-10-11Bibliographically approved
Jonnergård, K., Larsson Olaison, U. & Stafsudd, A. (2017). Worker representation on corporate boards from a longitudinal perspective: Between corporate governance and industrial relations. In: : . Paper presented at EGOS Conference 2017, 6-8 July, Copenhagen, Denmark.
Open this publication in new window or tab >>Worker representation on corporate boards from a longitudinal perspective: Between corporate governance and industrial relations
2017 (English)Conference paper, Oral presentation with published abstract (Refereed)
Abstract [en]

At the intersection between industrial relations and corporate governance - i.e. board level worker representation - this paper attempts to bridge four perspectives from the industrial relations literature (unitary, pluralist, radical and egoist) by observing changes in board director perceptions over time. Empirically, a longitudinal survey (1994-2014), filled out by both shareholder- and worker-elected directors in the largest listed Swedish corporations, is utilized to map differences and similarities between the two director populations regarding ‘perception of responsibility’, ‘governance efficiency’ and ‘board norms’. The findings indicate that some of the different industrial relations perspectives are relevant for understanding worker representation on corporate boards at different times and in different populations. Specifically, we observe that shareholder-elected directors become more financialized in their perceptions over time, whereas worker-elected directors remain more stakeholder-oriented, while to a growing extent acknowledging the interest of the controlling shareholders. Thus, the paper contributes to the industrial relations literature by linking perspectives on industrial relations, often understood as incommensurable, by considering a longitudinal development in perceptions among relevant actors.

National Category
Business Administration
Identifiers
urn:nbn:se:hj:diva-46534 (URN)
Conference
EGOS Conference 2017, 6-8 July, Copenhagen, Denmark
Available from: 2019-10-11 Created: 2019-10-11 Last updated: 2019-10-11Bibliographically approved
Organisations
Identifiers
ORCID iD: ORCID iD iconorcid.org/0000-0003-4961-1569

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