Articles and Book Chapters in English

In this chapter, the authors explore how Russia’s large-scale invasion of Ukraine in 2022 has acted as a trigger for a future EU enlargement and how the Union and its member states have taken an inevi…

In the final chapter, the authors discuss the forthcoming enlargement of the European Union (EU), focusing on both its depth and size. It is argued that while previous enlargements also had a geopolit…

The chapter acknowledges the changed geopolitical map and the new adjacent political mindset and examines the current state of the relationship between MNEs and governments/central banks. The focus is…

In the first chapter, the authors review the evolution of borders throughout European history. The modern concept of borders as dividing lines is a fairly recent phenomenon and constitutes somewhat of…

In the last chapter, the authors take stock of the challenges which are besetting the European Union’s (EU) internal and external borders from the perspective of contemporary events and crises, and ev…

This study outlines how the corporate governance of emerging market firms is influenced by corporate affiliation and institutional embeddedness. We argue that the stronger the business group affiliati…

Motivated by agency theory and arguments from linguistic studies, we argue in this paper the internationalization of a firm’s audit committee to be associated with weaker firm-level corporate governan…

Based on resource dependence theory we argue for an influence of business groups (BGs) on the board composition of constituent offshore financial multinational enterprises (FMNEs).  Using a unique sam…

The sixth volume in the Interdisciplinary European Studies assesses the changes that are taking place in the EU’s policies, institutions, and political structures. On the eve of a new chapter of Europ…

In the concluding chapter, the editors take stock of the state of integration seventy years after the EU’s inception. In the early 2020s, the EU faces once again the fateful question of whether integr…

This chapter introduces the theme of the book—resilience in the EU. It presents definitions for these concepts and explores what the challenges of societal resilience entail for the EU. It is argued t…

The concluding chapter reviews the EU’s handling of current crises and its search for sustainability and resilience. Beginning with its response to the COVID-19 pandemic and the ensuing public health…

Based on historical analogies, we emphasize a connection between financial crises and technological shifts that calls for a structural economic transformation. Political pressures related to this stru…

In this essay, we discuss the requirements of a successful management of a company's exposure to foreign exchange risks. We argue that the company's performance is affected by foreign exchange risks a…

This introductory chapter sheds light on the opportunities and challenges that the digital era has in store for the European Union (EU) at a time when its fundamental values are being called into ques…

This introductory chapter sheds new light on the increasingly complex relationship between the European Union and the nation-state—in its capacity as EU member state—at a time when its fundamental val…

The internationalization of firms has led to boards becoming more international as well. In this study, we investigate the consequences of board internationalization. In particular, by drawing on resea…

Being able to separate temporary global macroeconomic influences – caused by fluctuations in exchange rates, interest rates and inflation – from intrinsic performance – related to a superior product, pro…

This introductory chapter aims to shed light on how tightly the EU and the liberal international order are entwined and discuss the likely impact on the EU of a changing and, most likely, less liberal…

This study examines the governance attributes of post-IPO (initial public offering) retained ownership of private equity in business group constituent firms in contrast to their unaffiliated counterpart…

Bakardijeva Engelbrekt, Bremberg, Michalski, and Oxelheim introduce the concept of trust in the European Union by pointing out its elusive character comprising both interpersonal relations and attitud…

In this chapter we describe the EUs social dimension and its development aimed at an understanding of the prosperity gap in the EU. We identify the new social challenges the Union faces in the wake of…

In this empirical study, we investigate the variation in firms’ response to institutional pressure for gender-balanced boards, focusing specifically on the preservation of prevailing practices of dire…

This study examines the impact of the prevalence of long-term equity-based chief executive officer (CEO) compensation incentives on GDP growth, and we address the moderating role of individualist vers…

Macroeconomic fluctuations in interest rates, exchange rates, and inflation can be considered sources of good or bad “luck” for corporate performance if management is unable to adjust operations to th…

This article provides a comprehensive critique of current corporate foreign exchange risk management (FXRM) practices. The authors characterize much of FXRM as a “legacy” activity, a set of outdated,…

This study examines determinants of chairman compensation in a supervisory board setting and, specifically, the relationship between chairman and CEO compensation. Using a sample of publicly listed firm…

Corporate boards often change their working language when they acquire foreign members. Consequently, boards “talk” in one language but “think” in another. The present study explores and explains how…

In recent years, the term “transparency” has emerged as one of the most popular and keenly-touted concepts around. In the economic-political debate, the principle of transparency is often advocated as…

When the Treaty of Maastricht took effect on 1 November 1993, it established a Common Foreign and Security Policy for the European Union (EU). The fall of the Soviet Union and the end of the Cold War…

This study examines globalization of monitoring practices by focusing on how American (U.S.) influences on European firms impact the dismissal risk for these firms’ CEOs. Specifically, we argue that t…

This study investigates the internationalization of corporate boards, using a sample of 346 non-financial listed Nordic firms during 2001–2008. Given a high level of international activity, these firm…

Although macroeconomic factors are part of several models for evaluation of credit risk, there is little effort to distinguish between effects of such factors and “intrinsic” factors on changes in cre…

Financial market incompleteness and (partial) segmentation of financial markets internationally may endow some firms with a financial advantage which can be exploited through foreign direct investment…

The financial crisis starting in 2008 made many European countries opt for a change of exchange rate regime. The choice of price measure as an entry requirement to the European Economic and Monetary Un…

In this chapter we analyze the role of financial factors in the underlaking of cross-border acquisitions. We discuss financial firm-specific advantages as drivers of these acquisilions as well as the…

The process of globalization encompasses economic and financial integration. The abolition of capital controls and the dismantling of barriers of different kinds will expose previously sheltered compan…

Since July 2007, the world economy has experienced a severe financial crisis that originated in the U.S. housing market. Subsequently, the crisis has spread to financial sectors in European and Asian…

Transparency and economic growth have become buzzwords in the economic and political debate in recent years. On the one hand, a lack of transparency is used as an ex post explanation for corporate sca…

In this paper we empirically test the role of firm-specific financial characteristics as drivers of international investment and production. We hypothesize that financial strength generates advantages tha…

In this paper it is argued that the restructuring following the stiffer competition stemming from increased global integration will trigger a race between countries to attract inward foreign direct in…

We discuss the prospects for Chinese money market development and transition to market-based monetary policy operations based on a comparative historical analysis of the present Chinese situation and…

Previous research has been inconclusive as regards the effect of outward foreign direct investment (FDI) on domestic investments. In this article, we show that this inconclusiveness can be explained a…

This study examines the impact of Anglo-American financial markets on CEO compensation. Starting from a sample of Norwegian and Swedish listed firms, we analyse this effect as manifested in the capita…

Cash‐Flow‐at‐Risk (CFaR) is the cash flow equivalent of Value‐at‐Risk (VaR), a measure widely used as the basis for risk management in financial institutions. Whereas VaR‐based systems specify the max…

The major strand of finance literature understands market efficiency through the market's ability to process information into prices. Another strand of literature refers to the economists’ usual sense…

This study examines the effect of foreign (Anglo-American) board membership on corporate performance measured in terms of firm value (Tobin’s Q). Using a sample of firms with headquarters in Norway or…

Value Based Management (VBM) has become a common tool for evaluating corporate strategies and projects from the perspective of shareholder value maximization, and can be an important input for corpora…

This paper focuses on the role of corporate financial strategies to improve their market valuations and lower their cost of capital. The identification of successful strategies is accomplished within…

This article argues that the body of foreign direct investment (FDI) literature in general and the ownership, location, and internalization (OLI) paradigm in particular would be enriched if finance-sp…

Most econometric studies of equity market integration suggest that national markets are increasingly becoming part of a global equity market. As regards the extent of this integration, however, the re…

The purpose of this article is to examine the effects of European integration on the location of investments by Swedish multinational corporations (MNCs). Evidence is presented about the extent to whi…

MUST (Macroeconomic Uncertainty Strategy) analysis can help identify the demand side of competitive intelligence. It is a key tool by which relevant economic variables can be identified for companies.…

The increased use of equity issues on both domestic and foreign capital markets from the early 1980s raises the research question addressed in this article: What are the significant reasons for raisin…

Volvo Cars' economic exposure to exchange rates and other macroeconomic variables is estimated using quarterly cash flows as the firm's target variable. We discuss first several issues relating to man…

The deregulatory 1980s exhibits a dramatic increase in outward foreign direct investment (FDI) from a number of small countries outside the EC. Few studies have analyzed home country effects of outwar…