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Incitament till prestation – värdelöst eller kanon?

Wiberg, Fredrik LU ; Lavré, Fanny LU and Ingemarsson, Olivia LU (2020) FEKH89 20201
Department of Business Administration
Abstract
Purpose The aim of this thesis is to examine whether there is a significant correlation between use of Long-Term Incentive Programs and their Total Shareholder Returns within companies listed on the Nordic market. Furthermore, this study investigates if there is an existing correlation depending on which sector the firm operates in and if Long-Term Incentive Programs can affect their Shareholder return.

Methodology The study uses a deductive research approach with one applied regression model. The authors have collected data from Thomson Reuters DataStream and the company´s annual reports. In result the data is classified as secondary.

Theoretical perspectives Previous research regarding Incentive Programs and executive pay are... (More)
Purpose The aim of this thesis is to examine whether there is a significant correlation between use of Long-Term Incentive Programs and their Total Shareholder Returns within companies listed on the Nordic market. Furthermore, this study investigates if there is an existing correlation depending on which sector the firm operates in and if Long-Term Incentive Programs can affect their Shareholder return.

Methodology The study uses a deductive research approach with one applied regression model. The authors have collected data from Thomson Reuters DataStream and the company´s annual reports. In result the data is classified as secondary.

Theoretical perspectives Previous research regarding Incentive Programs and executive pay are used as theoretical framework. Furthermore, Principal-Agent Theory, Stewardship Theory and Managerial Power Theory have been applied to the results for an analysis. The concepts of Earnings Management and Nordic Corporate Governance Model have also been used in the analysis.


Empirical foundation Financial data have primarily been collected from Thomson Reuters DataStream. The study examines 148 listed companies which are either classified as Healthcare or Tech.

Conclussion The study finds no statistically significant correlation between the use of Long-Term Incentive Programs and Total Shareholder Return. Furthermore, the result does not find a statistically significant correlation between industry sector, Total Shareholder Return and use of Long-Term Incentive program. (Less)
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author
Wiberg, Fredrik LU ; Lavré, Fanny LU and Ingemarsson, Olivia LU
supervisor
organization
course
FEKH89 20201
year
type
M2 - Bachelor Degree
subject
keywords
Long Term Incentive Program, Senior executives, Total Shareholder Return, Healthcare sector, Tech sector, The Principal-Agent Theory, Stewardship Theory and Managerial Power Theory.
language
Swedish
id
9022582
date added to LUP
2020-07-10 09:51:42
date last changed
2020-07-10 09:51:42
@misc{9022582,
  abstract     = {{Purpose		The aim of this thesis is to examine whether there is a significant correlation between use of Long-Term Incentive Programs and their Total Shareholder Returns within companies listed on the Nordic market. Furthermore, this study investigates if there is an existing correlation depending on which sector the firm operates in and if Long-Term Incentive Programs can affect their Shareholder return. 

Methodology	The study uses a deductive research approach with one applied regression model. The authors have collected data from Thomson Reuters DataStream and the company´s annual reports. In result the data is classified as secondary. 	

Theoretical perspectives Previous research regarding Incentive Programs and executive pay		are used as theoretical framework. Furthermore, Principal-Agent 		Theory, Stewardship Theory and Managerial Power Theory have		been applied to the results for an analysis. The concepts of 		Earnings Management and Nordic Corporate Governance Model		have also been used in the analysis. 

	 
Empirical foundation	Financial data have primarily been collected from Thomson Reuters DataStream. The study examines 148 listed companies which are either classified as Healthcare or Tech. 

Conclussion 		The study finds no statistically significant correlation between the use of Long-Term Incentive Programs and Total Shareholder Return. Furthermore, the result does not find a statistically significant correlation between industry sector, Total Shareholder Return and use of Long-Term Incentive program.}},
  author       = {{Wiberg, Fredrik and Lavré, Fanny and Ingemarsson, Olivia}},
  language     = {{swe}},
  note         = {{Student Paper}},
  title        = {{Incitament till prestation – värdelöst eller kanon?}},
  year         = {{2020}},
}