Tomas Hjelström- PhD
- Professor (Assistant) at Stockholm School of Economics
Tomas Hjelström
- PhD
- Professor (Assistant) at Stockholm School of Economics
About
9
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Introduction
Current institution
Publications
Publications (9)
This paper provides evidence on the choices made by European firms when measuring non‐controlling interest (NCI) and goodwill. Since 2009, IFRS 3 allows measurement of NCI either at fair value (full goodwill method) or at the proportionate share of net assets (partial goodwill method). IFRS 3 allows this policy choice on a per transaction basis. Ou...
Different factors have contributed to the development of financial accounting in Sweden over time. The decades around the mid-1900s were characterized by creditor protection and accounting prudence, low transparency, and political influence through tax and corporate governance systems. This phase culminated in the 1970s, as illustrated by the Nobes...
This chapter presents the basics of the financial accounting system in sports organisations. It is based on an introduction to accounting terminology. The contents of financial reports and important interrelationships are then explained. This is done using the example of the “Dreaming Sports Club” in order to illustrate the basic contents and relat...
We analyze executives’ (CEOs, CFOs, and Board Chairpersons) personal tax returns to investigate whether and how their personal tax behavior is associated with the tax avoidance of their firms. We develop various measures of executives’ personal tax behavior that are related to their personal risk propensity, ethics, financial incentives, and awaren...
In 2005, the International Financial Reporting Standards (IFRS) for goodwill accounting replaced the previously used two-component approach (i.e., goodwill amortization plus additional impairment when required) with an impairment-only approach. There has been renewed interest in this issue since the findings of the post-implementation review of IFR...
The valuation of entrepreneurial start-ups for the purpose of equity allocation to business angel investors is an enduring point of discord between the contracting parties. Lack of information and lack of trust, plus the asymmetry of both information and trust between the parties, typically cause the investor to apply a higher risk premium and argu...
