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Isaksson, Anders
Alternative names
Publications (10 of 20) Show all publications
Thorsell, A. & Isaksson, A. (2018). Board Structure in Startups. In: : . Paper presented at European Academy of Management, EURAM, Reykjavik, Iceland..
Open this publication in new window or tab >>Board Structure in Startups
2018 (English)Conference paper, Oral presentation with published abstract (Refereed)
Keywords
Boards, SMEs, Startups
National Category
Social Sciences Business Administration
Research subject
Business Studies
Identifiers
urn:nbn:se:umu:diva-152933 (URN)
Conference
European Academy of Management, EURAM, Reykjavik, Iceland.
Available from: 2018-10-30 Created: 2018-10-30 Last updated: 2018-10-30
Thorsell, A. & Isaksson, A. (2014). Director experience and the performance of IPOs: Evidence from Sweden. Australasian Accounting Business and Finance Journal, 8(1), 3-24
Open this publication in new window or tab >>Director experience and the performance of IPOs: Evidence from Sweden
2014 (English)In: Australasian Accounting Business and Finance Journal, ISSN 1834-2000, E-ISSN 1834-2019, Vol. 8, no 1, p. 3-24Article in journal (Refereed) Published
Abstract [en]

An initial public offering (IPO) represents one of the final stages in the life of a small firm as it transitions from private to public. In this paper the experience of directors is examined to determine the extent of the role they play in ensuring a successful listing. Unique data from 122 IPOs on the Swedish Stock Exchange have been examined in a search for the effect of director experience on aftermarket performance. Specific aspects of director experience within a board, such as interlocking directorships and average tenure, are connected to the underpricing of Swedish IPOs. Contrary to expectations, no statistically significant relationship was found between long-run aftermarket performance and director experience at the time of an IPO. This suggests that the previous experience of directors, as measured in earlier studies, is less relevant to long-term aftermarket performance in Sweden. This stresses the importance of examining different institutional contexts.

Place, publisher, year, edition, pages
Wollongong: University of Wollongong, 2014
Keywords
Initial Public Offerings, IPO, The Board of Directors, Corporate Governance, Underpricing, Aftermarket Performance
National Category
Business Administration
Research subject
Business Studies
Identifiers
urn:nbn:se:umu:diva-54653 (URN)10.14453/aabfj.v8i1.2 (DOI)
Note

Working paper also available at www.sirp.se(SIRP WP 12-4)

Available from: 2012-05-07 Created: 2012-05-03 Last updated: 2018-06-08Bibliographically approved
Isaksson, A. & Islam, M. M. (2013). The Ex-Dividend-Day Price Behaviour of Blue-Chip Stocks: International Evidence. Asian Journal of Finance & Accounting, 5(1)
Open this publication in new window or tab >>The Ex-Dividend-Day Price Behaviour of Blue-Chip Stocks: International Evidence
2013 (English)In: Asian Journal of Finance & Accounting, ISSN 1946-052X, Vol. 5, no 1Article in journal (Refereed) Published
Abstract [en]

To explain the ex-day stock price behaviour, previous research has mostly focused on dividend yield and expected return. Most of these studies concentrated on the US markets and were conducted in a stable economic condition. This paper examines the most liquid common stock (blue-chip) prices behaviour on the ex-day in a period of financial crisis and covers four major capital markets from different geographic locations (the US, the UK, Japan, and China). On the New York and Shanghai Stock Exchanges, we observe that the stock prices drop does not differ from the dividend amount on the ex-dividend day and there is no evidence of abnormal return and short-term trading. On the Tokyo Stock Exchange, the stock prices fall less than the dividend amount, which is in contrast to the London Stock Exchange, where the stock prices fall more than the dividend amount. On the Tokyo and London Stock Exchanges, we observe abnormal return and short-term trading around the ex-day. Possible explanations for these differences can be financial crisis (in the UK) and short-term trading (in the Japan)

Place, publisher, year, edition, pages
Macrothink Institute, 2013
Keywords
Ex-dividend day, abnormal return, short-term trading, blue-chip stocks, arbitrage opportunity
National Category
Business Administration
Research subject
Business Studies
Identifiers
urn:nbn:se:umu:diva-64370 (URN)10.5296/ajfa.v5i1.1948 (DOI)
Available from: 2013-01-25 Created: 2013-01-25 Last updated: 2018-06-08Bibliographically approved
Isaksson, A., Vanyushyn, V. & Hultén, P. (2013). The impact of managers' attitudes on SMEs' growth in northern Sweden. International Journal of Entrepreneurship and Small Business, 18(3), 298-312
Open this publication in new window or tab >>The impact of managers' attitudes on SMEs' growth in northern Sweden
2013 (English)In: International Journal of Entrepreneurship and Small Business, ISSN 1476-1297, E-ISSN 1741-8054, Vol. 18, no 3, p. 298-312Article in journal (Refereed) Published
Abstract [en]

This paper examines the impact of managers' attitudes to growth on the realised growth in a sample of 1,416 small firms in northern Sweden. The findings demonstrate a positive relationship between the managers' attitudes and the actual growth outcomes. Zero-growth firms turned out different from both positive- and negative- growth firms with regard to managers' attitude towards growth as a competitive necessity. The owners of zero-growth firms perceived their firms as a primary source of income and employment. Our findings, therefore, provide indications of how attitudes affect outcomes among SMES that aspire to grow.

Place, publisher, year, edition, pages
InderScience Publishers, 2013
Keywords
SMEs, Sweden, company growth, managers, managerial attitudes, realised growth, actual growth, growth outcomes, zero-growth firms, positive-growth firms, negative-growth firms, competitive necessities, income sources, employment sources, Västerbotten, Norrland, small and medium-sized enterprises, entrepreneurs, entrepreneurship
National Category
Social Sciences
Research subject
Business Studies
Identifiers
urn:nbn:se:umu:diva-67113 (URN)10.1504/IJESB.2013.052518 (DOI)
Available from: 2013-03-12 Created: 2013-03-12 Last updated: 2018-06-08Bibliographically approved
Brattsand, G., Nordin, G., Isaksson, A., Bjellerup, P., Stridsberg, M., Hård, L., . . . Larsson, K. (2012). Equalis/SFKK rekommenderar harmonisering av enheter vid hormonbestämningar för säkrare vård [Letter to the editor]. Läkartidningen, 109(39-40), 1773-1773
Open this publication in new window or tab >>Equalis/SFKK rekommenderar harmonisering av enheter vid hormonbestämningar för säkrare vård
Show others...
2012 (Swedish)In: Läkartidningen, ISSN 0023-7205, E-ISSN 1652-7518, Vol. 109, no 39-40, p. 1773-1773Article in journal, Letter (Other academic) Published
Place, publisher, year, edition, pages
Läkartidningen Förlag AB, 2012
National Category
Biomedical Laboratory Science/Technology
Identifiers
urn:nbn:se:umu:diva-67080 (URN)23097890 (PubMedID)
Available from: 2013-03-12 Created: 2013-03-12 Last updated: 2018-06-08Bibliographically approved
Isaksson, A. & Islam, M. M. (2012). The Ex-Dividend-Day Price Behaviour of Blue-Chip Stocks: International Evidence. Umeå: Umeå School of Business and Economics, Umeå University
Open this publication in new window or tab >>The Ex-Dividend-Day Price Behaviour of Blue-Chip Stocks: International Evidence
2012 (English)Report (Other academic)
Abstract [en]

To explain the ex-day stock price behaviour, previous research has mostly focused on dividend yield and expected return. Most of these studies concentrated on US markets and were conducted in a stable economic condition. This paper examines the most liquid common stock (blue-chip) prices behaviour on the ex-day in a period of financial crisis and covers four major capital markets from different geographic locations (the US, the UK, Japan, and China). On the New York and Shanghai Stock Exchanges, we observe that the stock prices drop does not differ from the dividend amount on the ex-dividend day and there is no evidence of abnormal return and short-term trading. On the Tokyo Stock Exchange, the stock prices fall less than the dividend amount, which is in contrast to the London Stock Exchange, where the stock prices fall more than the dividend amount. On the Tokyo and London Stock Exchanges, we observe abnormal return and short-term trading around the ex-day.

Place, publisher, year, edition, pages
Umeå: Umeå School of Business and Economics, Umeå University, 2012. p. 19
Keywords
ex-dividend day, abnormal return, short-term trading, blue-chip stocks, arbitrage opportunity
National Category
Business Administration
Research subject
Business Studies
Identifiers
urn:nbn:se:umu:diva-53172 (URN)
Available from: 2012-03-30 Created: 2012-03-14 Last updated: 2018-06-08Bibliographically approved
Isaksson, A. (2011). Investeringar i cleantech (1ed.). In: Lars G. Hassel, Lars-Olle Larsson och Elisabeth Nore (Ed.), Hållbar utveckling: från risk till värde (pp. 83-91). Lund: Studentlitteratur AB
Open this publication in new window or tab >>Investeringar i cleantech
2011 (Swedish)In: Hållbar utveckling: från risk till värde / [ed] Lars G. Hassel, Lars-Olle Larsson och Elisabeth Nore, Lund: Studentlitteratur AB, 2011, 1, p. 83-91Chapter in book (Other academic)
Place, publisher, year, edition, pages
Lund: Studentlitteratur AB, 2011 Edition: 1
National Category
Business Administration
Research subject
Business Studies
Identifiers
urn:nbn:se:umu:diva-41836 (URN)91-44-07532-4 (ISBN)978-91-44-07532-7 (ISBN)
Projects
Sustainable Investment Research Platform
Available from: 2011-04-01 Created: 2011-04-01 Last updated: 2019-01-25Bibliographically approved
Isaksson, A. (2010). Staten som venture-capitalist: En sammanställning av internationell empirisk forskning. In: Jörgen Lithander (Ed.), Staten och riskkapitalet: Delrapport 1: Metodbeskrivning och kunskapsöversikt (pp. 33-84). Östersund: Myndigheten för tillväxtpolitiska utvärderingar och analyser, Östersund
Open this publication in new window or tab >>Staten som venture-capitalist: En sammanställning av internationell empirisk forskning
2010 (Swedish)In: Staten och riskkapitalet: Delrapport 1: Metodbeskrivning och kunskapsöversikt / [ed] Jörgen Lithander, Östersund: Myndigheten för tillväxtpolitiska utvärderingar och analyser, Östersund , 2010, p. 33-84Chapter in book (Other academic)
Abstract [sv]

Syftet med denna rapport är att göra en översikt och granskning av internationell empirisk forskning om effekter av offentlig sektors stöd/medverkan i VC-marknaden genom att bidra till utbudet av riskkapital (ägarkapital).

Rapporten inleds med att tydligt definiera begreppet venture capital och riskkapital. Här påpekades framför allt att:

  • Venture capital är en finansieringsform för några få snabbväxande företag.
  • Riskkapital är det samma som ägarkapital. Den som tillför riskkapital (offentlig aktör såväl som privat) blir delägare i företaget.
  • Statligt riskkapital är inte en näringspolitisk stödform.
  • Venture-capitalmarknaden är en delmängd av riskkapitalmarknaden.

Som teoretisk plattform användes framför allt agentteori och teorier om asymmetrisk information. En viktig poäng i detta avsnitt är att visa på betydelsen att hantera asymmetrisk för VC-marknadens funktionalitet.

I genomgången av nuläget för internationell empirisk forskning granskades 14 olika statliga VC-program i åtta länder som utvärderats av ca 13 olika utvärderare. Denna genomgång kan sammanfattas i ett antal generella iakttagelser:

Hypotesen om ett marknadsmisslyckande får ett begränsat stöd i forskningen. Det handlar snarare om ett rationellt agerande av aktörer på allt för små eller outvecklade marknader.

Offentliga insatser skall komplettera den privata sektorn och inte konkurrera eller tränga ut den. Det är tydligt att detta är lättare sagt än gjort. Statliga VC-program hamnar ofta i kläm mellan å ena sidan kravet på additionalitet och å andra sidan kravet på att agera på lika villkor som den privata marknaden, vilket innebär en risk att man konkurrerar med den.

Miljön (kontexten) som ett VC-program sätts in i är ofta en avgörande förklarande faktor till varför ett program lyckas eller misslyckas. Detta är trots det en faktor som ofta bortses från.

Många offentliga VC-program har regionalpolitiska ambitioner. Man hoppas att venture capital skall skapa tillväxt i en region som saknar tillväxt. Det innebär ofta problem. Venture capital dras till tillväxtregioner, men skapar dem inte.

Incitamentsstrukturer som stimulerar saminvesteringar från privata aktörer är betydelsefulla för ett VC-programs möjligheter att lyckas.

Avslutningsvis diskuteras ett antal möjliga fördjupningsstudier, bland annat en systematisk kvantitativ ansats, studier av effekter av sektorsinriktade (cleantech) eller generella insatser samt fördjupande länderstudier (Storbritannien, Australien, Tyskland).

Place, publisher, year, edition, pages
Östersund: Myndigheten för tillväxtpolitiska utvärderingar och analyser, Östersund, 2010
Series
Rapport ; 2010:01
Keywords
riskkapital, venture capital
National Category
Business Administration
Research subject
Business Studies
Identifiers
urn:nbn:se:umu:diva-34510 (URN)
Available from: 2010-06-09 Created: 2010-06-07 Last updated: 2018-06-08Bibliographically approved
Isaksson, A. & Vanyushyn, V. (2009). An examination of the link between growth attitudes and realized growth. In: David Smallbone, Hans Landström, Dylan Jones-Evans (Ed.), Entrepreneurship and growth in local, regional and national economies: Frontiers in European entrepreneurship research (pp. 139-153). Cheltenham: Edward Elgar Publishing
Open this publication in new window or tab >>An examination of the link between growth attitudes and realized growth
2009 (English)In: Entrepreneurship and growth in local, regional and national economies: Frontiers in European entrepreneurship research / [ed] David Smallbone, Hans Landström, Dylan Jones-Evans, Cheltenham: Edward Elgar Publishing , 2009, p. 139-153Chapter in book (Refereed)
Place, publisher, year, edition, pages
Cheltenham: Edward Elgar Publishing, 2009
National Category
Economics
Identifiers
urn:nbn:se:umu:diva-26241 (URN)978-1-84844-592-5 (ISBN)
Available from: 2009-10-01 Created: 2009-10-01 Last updated: 2018-06-08Bibliographically approved
Hamilton, I., Hassel, L., Isaksson, A. & Lundgren, R. (2009). Carbon disclosure project Nordic report 2009. Sustainable Investment Research Platform (Sirp)
Open this publication in new window or tab >>Carbon disclosure project Nordic report 2009
2009 (English)Report (Other academic)
Place, publisher, year, edition, pages
Sustainable Investment Research Platform (Sirp), 2009. p. 55
National Category
Economics and Business
Research subject
Business Studies
Identifiers
urn:nbn:se:umu:diva-47605 (URN)
Projects
Carbon Disclosure Project
Available from: 2011-09-26 Created: 2011-09-26 Last updated: 2018-06-08Bibliographically approved
Organisations

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