Riskhanteringens inflytande på elhandelsbolags budgetering
(2023) FEKH69 20222Department of Business Administration
- Abstract (Swedish)
- Examensarbetets titel: Riskhanteringens inflytande på elhandelsbolags budgetering – En explorativ studie om relationen mellan budgeteringsprocessen och riskhanteringsprocessen på en volatil marknad
Seminariedatum: 2023-01-10
Ämne/Kurs: FEKH69, Examensarbete i redovisning på kandidatnivå, 15 högskolepoäng
Författare: Hanna Höij, Sofie Kjellberg & William Söderström
Handledare: Elin Funck
Nyckelord: Budget, Budget Management, Risk Management, Hedging, Price Hedging, Beyond Budgeting, Rolling Forecast
Syfte: Syftet med studien är att undersöka hur elhandelsbolag inkorporerar riskhanteringsprocessen i budgeteringsprocessen, vilken roll budgeten fyller när risken ökar samt hur risker relaterade till elhandeln hanteras
... (More) - Examensarbetets titel: Riskhanteringens inflytande på elhandelsbolags budgetering – En explorativ studie om relationen mellan budgeteringsprocessen och riskhanteringsprocessen på en volatil marknad
Seminariedatum: 2023-01-10
Ämne/Kurs: FEKH69, Examensarbete i redovisning på kandidatnivå, 15 högskolepoäng
Författare: Hanna Höij, Sofie Kjellberg & William Söderström
Handledare: Elin Funck
Nyckelord: Budget, Budget Management, Risk Management, Hedging, Price Hedging, Beyond Budgeting, Rolling Forecast
Syfte: Syftet med studien är att undersöka hur elhandelsbolag inkorporerar riskhanteringsprocessen i budgeteringsprocessen, vilken roll budgeten fyller när risken ökar samt hur risker relaterade till elhandeln hanteras
Metod: Studien har en kvalitativ forskningsansats med explorativ karaktär som involverar fem semistrukturerade intervjuer med fyra etablerade elhandelsbolag. Totalt intervjuades nio respondenter. Metoden följer etiska och kritiska riktlinjer för att generera en trovärdig analys
Teoretiska perspektiv: Studiens teoretiska ramverk består av budget- och riskbaserade teorier. Vidare grundas studien i tidigare forskning kring Budget Risk Management
Resultat: Studien finner att elhandelsbolag inkorporerar riskhanteringsprocessen i budgeteringsprocessen i varierande omfattning. Vidare finner studien att budgetens roll har förändrats till följd av en volatil elmarknad. Studien finner även att prissäkring är en av företagens främsta verktyg för att hantera risk
Slutsatser: Studiens resultat bidrar med ökad kunskap om relationen mellan budgeteringsprocessen och riskhanteringsprocessen där tidigare forskning varit begränsad. Vidare tillför uppsatsen en förhöjd förståelse för hur elhandelsbolag hanterar risker samt vilken roll budgeten får under osäkra tider (Less) - Abstract
- Title: The impact of risk management on electricity trading companies’ budgeting – An exploratory study on the relationship between the budgeting process and the risk management process in a volatile market
Seminar date: 2023-01-10
Course/Subject: FEKH69, Business Administration: Bachelor Degree Project in Financial and Management Accounting Undergraduate Level, 15 ECTS
Authors: Hanna Höij, Sofie Kjellberg & William Söderström
Advisor: Elin Funck
Key words: Budget, Budget Management, Risk Management, Hedging, Price Hedging, Beyond Budgeting, Rolling Forecast
Purpose: Investigate how electricity trading companies incorporate the risk management process into the budgeting process, what role the budget recreates when the... (More) - Title: The impact of risk management on electricity trading companies’ budgeting – An exploratory study on the relationship between the budgeting process and the risk management process in a volatile market
Seminar date: 2023-01-10
Course/Subject: FEKH69, Business Administration: Bachelor Degree Project in Financial and Management Accounting Undergraduate Level, 15 ECTS
Authors: Hanna Höij, Sofie Kjellberg & William Söderström
Advisor: Elin Funck
Key words: Budget, Budget Management, Risk Management, Hedging, Price Hedging, Beyond Budgeting, Rolling Forecast
Purpose: Investigate how electricity trading companies incorporate the risk management process into the budgeting process, what role the budget recreates when the risk increases, and how risks related to the electricity trading are managed
Methodology: The study is qualitative and conducted with an exploratory nature. Five semi-structured interviews with four established electricity trading companies were performed. The interviews included a total of nine respondents. The method follows ethical and critical guidelines to generate a credible analysis
Theoretical perspective: The study's theoretical framework consists of budget and risk-based theories. Furthermore, the study is based on previous research on Budget Risk Management
Results: The study finds that electricity trading companies incorporate the risk management process into the budgeting process to varying extents. Furthermore, the study finds that the role of the budget has changed due to the volatile electricity market. The study also finds that price hedging is one of the companies' primary tools for managing risk
Conclusions: The study's results contribute to increased knowledge about the relationship between budgeting- and risk management processes, where previous research is limited. Furthermore, the study provides heightened learning of how electricity trading companies manage risks and what role the budget recreates during uncertain periods (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/9110041
- author
- Höij, Hanna LU ; Kjellberg, Sofie LU and Söderström, William LU
- supervisor
-
- Elin Funck LU
- organization
- alternative title
- En explorativ studie om relationen mellan budgeteringsprocessen och riskhanteringsprocessen på en volatil marknad
- course
- FEKH69 20222
- year
- 2023
- type
- M2 - Bachelor Degree
- subject
- keywords
- Budget Management, Risk Management, Hedging, Price Hedging, Beyond Budgeting, Rolling Forecast
- language
- Swedish
- id
- 9110041
- date added to LUP
- 2023-02-08 08:36:30
- date last changed
- 2023-02-08 08:36:30
@misc{9110041,
abstract = {{Title: The impact of risk management on electricity trading companies’ budgeting – An exploratory study on the relationship between the budgeting process and the risk management process in a volatile market
Seminar date: 2023-01-10
Course/Subject: FEKH69, Business Administration: Bachelor Degree Project in Financial and Management Accounting Undergraduate Level, 15 ECTS
Authors: Hanna Höij, Sofie Kjellberg & William Söderström
Advisor: Elin Funck
Key words: Budget, Budget Management, Risk Management, Hedging, Price Hedging, Beyond Budgeting, Rolling Forecast
Purpose: Investigate how electricity trading companies incorporate the risk management process into the budgeting process, what role the budget recreates when the risk increases, and how risks related to the electricity trading are managed
Methodology: The study is qualitative and conducted with an exploratory nature. Five semi-structured interviews with four established electricity trading companies were performed. The interviews included a total of nine respondents. The method follows ethical and critical guidelines to generate a credible analysis
Theoretical perspective: The study's theoretical framework consists of budget and risk-based theories. Furthermore, the study is based on previous research on Budget Risk Management
Results: The study finds that electricity trading companies incorporate the risk management process into the budgeting process to varying extents. Furthermore, the study finds that the role of the budget has changed due to the volatile electricity market. The study also finds that price hedging is one of the companies' primary tools for managing risk
Conclusions: The study's results contribute to increased knowledge about the relationship between budgeting- and risk management processes, where previous research is limited. Furthermore, the study provides heightened learning of how electricity trading companies manage risks and what role the budget recreates during uncertain periods}},
author = {{Höij, Hanna and Kjellberg, Sofie and Söderström, William}},
language = {{swe}},
note = {{Student Paper}},
title = {{Riskhanteringens inflytande på elhandelsbolags budgetering}},
year = {{2023}},
}