Kontrollmekanismens bakslag : Kan VD:n utnyttja internt aktieinnehav för att maximera sitt egenintresse via utdelning?

Detta är en Magister-uppsats från Linnéuniversitetet/Institutionen för ekonomistyrning och logistik (ELO); Linnéuniversitetet/Institutionen för ekonomistyrning och logistik (ELO)

Författare: Anton Carlsson; Olle Sernbrandt; [2019]

Nyckelord: ;

Sammanfattning: Background: Within the agency theory the separation between the ownership and the control of the company a central part of how the corporate governance may appear. in the corporate governance it emerge control mechanism in order to control that some interests is provided and to minimize the risk of own benefit maximization. Internal ownership by the CEO is today a control mechanism that is being used frequently but with the wrong focus it could be used för own benefit maximization.   Purpose: The purpose of the study is to gain knowledge whether the internal ownership of the CEO fulfill its function as a control mechanism.   Method: A quantitative method with a deductive research approach has been used for this study. The selection for the study is companies listed on the Stockholm Stock Exchange's small, mid and large-cap. Our collected data is the company's financial information from annual reports and Thomson Reuters Datastream. Statistical tests have then been made to analyze the data.   Conclusion: The result of our statistical tests is different from our theory and hypothesis formulations. We have achieved significant results but not to the extent that we have been able to determine whether internal ownership as a control mechanism works or not.

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