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Ratio Working Paper No. 246: Corporate Governance Structures, Legal Origin and Firm Performance

PublicationWorking paper
Corporate governance, Företagandets villkor, Per-Olof Bjuggren
Ratio Working Paper No. 246
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Abstract

There is by now a vast literature on how institutional environments affect corporate investments. Much of this literature centres on corporate governance structures and the broader legal environment in which firms operate. This paper conducts a comparative analysis of three countries with on the surface similar ownership structures but different legal origin. The three countries in the study are Sweden, Taiwan and Hong Kong. These countries are known for strong family ownership but have different legal origins; Scandinavian, German and English, respectively. The paper describes the corporate governance structures in each respective country. Also, since Chinese informal institutions are typically strong and can potentially exert an influence on the actions of managers, these are explained.
The comparative analysis is based on an assessment of the countries’ investment performance by means of a marginal q approach. Differences in their performance are interpreted in view of the legal origin hypothesis. Furthermore, investments are decomposed such that returns on different sources of funds can be estimated.

Andersson, D. E., Andersson, M., Bjuggren, P-O. & Högberg, A. (2014). Corporate Governance Structures, Legal Origin and Firm Performance. Ratio Working Paper No. 246.

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Ratio Working Paper No. 349: Industrial conflict in essential services in a new era – Swedish rules in a comparative perspective
Working paperPublication
Karlson, N.
Publication year

2021

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Ratio Working Paper

Abstract

This paper examines whether the Swedish regulatory system of dealing with industrial conflicts that affect essential services need an update or reform. Are the existing rules effective in a world where many essential services are upheld by many interdependent agents in complex systems where every single node becomes critical for the functioning of the system, and where the essential service activities could be either private or public? A comparative study is conducted with the corresponding regulatory systems of the United Kingdom, Germany, and Denmark.
The conclusion is that Sweden is a special case. The Swedish protection against and readiness in dealing with societally harmful industrial conflicts in essential services is weaker than in the countries of comparison. Just as in relation to other threats to essential services, it is not sustainable to claim that just because such a threat is not currently present, there would be no need for preparedness.
There are many alternative ways to handle this. Desirable methods should both prevent harmful conflicts from erupting and end conflicts that have grown harmful to society at a later stage. The labour market organisations should have a mutual interest in reforming the rules.

Ratio Working Paper No. 349: Industrial conflict in essential services in a new era – Swedish rules in a comparative perspective
Working paperPublication
Karlson, N.
Publication year

2021

Published in

Ratio Working Paper

Abstract

This paper examines whether the Swedish regulatory system of dealing with industrial conflicts that affect essential services need an update or reform. Are the existing rules effective in a world where many essential services are upheld by many interdependent agents in complex systems where every single node becomes critical for the functioning of the system, and where the essential service activities could be either private or public? A comparative study is conducted with the corresponding regulatory systems of the United Kingdom, Germany, and Denmark.
The conclusion is that Sweden is a special case. The Swedish protection against and readiness in dealing with societally harmful industrial conflicts in essential services is weaker than in the countries of comparison. Just as in relation to other threats to essential services, it is not sustainable to claim that just because such a threat is not currently present, there would be no need for preparedness.
There are many alternative ways to handle this. Desirable methods should both prevent harmful conflicts from erupting and end conflicts that have grown harmful to society at a later stage. The labour market organisations should have a mutual interest in reforming the rules.

Ratio Working Paper No. 348: Regional collaboration to enhance recruitment to rural regions
Working paperPublication
Nyström, K.
Publication year

2021

Published in

Ratio Working Paper

Abstract

The purpose of this paper is to study how municipalities work at the regional level with issues concerning skills shortages and recruitment. What information channels are used to obtain information about these shortcomings? How and with whom do the municipalities collaborate? This study provides a mapping of how collaboration between employers, regional policymakers, and other institutions works with regional recruitment. As such, this study provides important information and possible inspiration. The empirical findings obtained based on a survey targeted to the business sections in Swedish municipalities suggest that companies in rural regions turn to municipalities to a greater extent than companies in non-rural municipalities in regard to skills shortages and recruitment. In addition, it is perceived that there is a higher degree of cooperation between businesses and local politicians in regard to recruitment in rural municipalities compared to other municipalities. Even cooperation to develop competence at the regional level is thought to take place to a greater extent in rural municipalities than in non-rural municipalities.

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