Portfolio Management for Chemical Corporations with Managerial Efficiency and Growth Potential

Implementing Product Portfolio Management in Multinational Software Corporations

In this thesis we present an overview of a single exploratory case study on the topic of product portfolio management (PPM) implementation in multinational software corporations (MNCs). In this study, we look at four generally recurring issues in such implementation projects, being context, content, process and outcomes. We find that the case company has four goals that it wants to achieve by i...

Alliance portfolio management: Multilevel practices of multinational corporations

Managerial Hedging and Portfolio Monitoring∗

Incentive compensation induces correlation between the portfolio of managers and the cash flow of the firms they manage. This correlation exposes managers to risk and hence gives them an incentive to hedge against the poor performance of their firms. We study the agency problem between shareholders and a manager when the manager can hedge his incentive compensation using financial markets and s...

Essays on Earnings Management, Investment Efficiency, and Managerial Incentives

In response to accounting scandals, market control systems (e.g. regulations related to internal control systems) have become more stringent in order to restore investors’ confidence in capital markets. Tightening control systems has triggered a fierce debate on its effect on both capital markets and the real economy. My dissertation studies how mitigating earnings management by tightening cont...

Market efficiency, managerial compensation, and real efficiency

Article history: Received 10 October 2012 Received in revised form 14 October 2013 Accepted 23 March 2014 Available online 12 April 2014 We examine how an exogenous improvement in market efficiency, which allows the stock market to obtain more precise information about the firm's intrinsic value, affects the shareholder–manager contracting problem, managerial incentives, and shareholder value. ...