Esbjörn Segelod's research while affiliated with Mälardalen University and other places

Publications (15)

Article
The nuclear waste programs, which nuclear power countries are implementing today, are extremely long-term and some of the largest construction projects ever undertaken. Sweden has 12 nuclear power plants and the Swedish nuclear waste program is estimated to cost about 80 thousand million SEK or approximately nine thousand million euro. A fiscal act...
Article
The purpose of this study is to investigate the relationship between product innovativeness and groups of outcomes flowing from the computer software product development process and the associated knowledge acquisition process. Data from interviews of managers in 94 software projects are analysed, and three groups of outcomes are measured: project...
Article
This report covers an empirical research project focused on studying the knowledge acquisition, external linkages and developmental processes in software firms. A large database was been created through 133 interviews that were carried out in cooperation with managers in software firms in 19 countries that were contacted by students taking master’s...
Article
Partnerships and external knowledge acquisition have become important means for gaining access to the increasing number of technologies needed for the development of more advanced products especially in emerging and dynamic industries. A good example is the fast expanding computer software industry where linkages are many and important.This is an e...
Article
When the major corporations divisionalised their organisation after the Second World War, they devised a performance measurement system to monitor the development of their business units, and a capital budgeting system to control the direction of investments. The appraisal of investments was decentralised and capital budgeting became a bottom-up pr...
Article
This article describes and analyses the size and character of investments, the investment criteria, and the investment processes in some professional service groups. The focus is on means of control used by the corporate level to influence the volume and direction of investments in groups of companies. Comparisons are made with standardized service...
Article
U.S. and U.K. firms have been thought to invest in a more short-term manner than Japanese and German firms. This article uses a questionnaire and interviews to compare U.S. and Swedish top executives’ perceptions of short-termism. The study shows that managers in major Swedish groups feel far less pressure from the stock market to perform in the sh...
Article
This article analyses the capital budgeting systems of major Swedish corporations. It shows how and why their systems have changed during the last 30 years. Comparisons are made with Anglo-Saxon groups. Better knowledge of how modern capital budgeting systems work and have evolved, is essential to our understanding of such systems and the renewed d...
Article
There are many postal surveys of capital budgeting practice, but few studies of the investment manuals which fix the practice of those groups which use written routines. This research note is based on a study of the investment manuals of major Swedish groups. It briefly surveys a few of the issues treated in investment manuals, and presents seven h...
Article
Many European and US companies have found themselves to be in low growth markets. One way of renewing such companies is by entry into growth markets. The author has studied thirteen major ventures intended to renew the portfolios of Swedish companies and, in some cases, also to reorient them. The article draws on interviews with the senior manageme...
Article
There has been very many postal surveys of capital budgeting practice, but almost no studies of the written routines that fix the practice of those groups that use a capital budgeting manual. This article fills this vacuum by describing and analysing the capital budgeting manuals used by major Swedish groups, most of whom are multinationals. Change...
Article
Extra t.p. with thesis statement inserted. Thesis (doctoral)--Företagsekonomiska institutionen, Göteborg. Summary in English. Bibliography: p. 278-286. Includes index.

Citations

... Making capital investment decisions, as in the case of energy efficiency investments, means making important decisions related to resource allocation and ensuring alignment with strategic directions. Corporate management therefore creates an investment process [23,27,28], including, for example, investment manuals and authorization processes [29,30], and pre-set hurdle rates that function as means for motivation and control [23]. Simons [28] (p. ...
... Japan has built a storage facility for its PUNF (Zhou, 2011), while the USA currently uses dedicated surface bunkers of their nuclear power plants (Rechard and Freeze, 2014). Sweden disposes of its short-lived waste in stable granite formations in deep repositories (Segelod, 2006). However, most countries do not have this stable granite formation (Giannetti et al., 2020). ...
... Kim, Kim, Garrett, & Jung, 2015, p. 208;Perks, Cooper, & Jones, 2005), customer satisfaction (Goldenberg, Mazursky, Horowitz, & Levav, 2003, p. 129), technological expansion (R. Chen, 1996, pp. 663, 664) and firm performance (Jordan & Segelod, 2006;Tu, 2010). In the view of unique offerings, the tourism industry trend is now leaning towards underwater world concepts whereby hotels and villas are built underwater, giving experience for the customers to get closer to coral reefs and various fish species (Jenkins, 2016;Springer, 2016) and floating airports are in the pipelines (Ros, 2016). ...
... Likewise, Burgelman's research on CV (e.g., Burgelman, 1983bBurgelman, , 1983cBurgelman & Sayles, 1986) depicts CV and BS as existing in a relationship of reciprocal causality, as does Kanter's (1983) research on organizational innovation (Kanter & Richardson, 1991). Other literature from which similar conclusions can be drawn includes Knight (1997Knight ( , 2000, Murray (1984), Baden-Fuller (1995), Segelod (1995), and Hamel (2000c). The melding of strategic and entrepreneurial processes enables firms to opportunistically reinvent themselves for the purpose of creating or sustaining competitive advantage through what has been referred to as dynamic strategy (Markides, 1999) or guided evolution (Lovas & Ghoshal, 2000). ...
Reference: covin&miles2007
... According to Baker and Powell (2009), the capital budgeting process involves six stages: identifying project proposals, estimating project cash flows, evaluating projects, selecting projects, implementing projects and performing a post-completion audit. A clear explanation of capital budgeting was set forth by Segelod (1998), who said: [. . .] ...
... There is a vast literature in accounting on capital budgeting and investment proposals which relies on a rational approach to strategic capital investment projects (SCIPs), emphasizing managerial tools and techniques for planning and decisionmaking (e.g. Coad 1996;Segelod 2002;Tuomela 2005;Alkaraan and Northcott 2006). From this point of view, investment decisions are the result of formal considerations of calculated numbers affording top management a way to manage and control organizations (Broadbent and Laughlin 2009). ...
... For instance, "Competitors prices are not being monitored by blue growth firms". The prioritizing short-term growth has been based on 7 items adopted from Grinyer et al. (1998); Marston and Craven (1998); Segelod (2000). For example, "Due to internal factors it is easier to prioritize short-term blue growth". ...
... The justification for selecting the 14 MAPs is that they cover the majority of MAPs used in both developing and developed countries (Abdel-Kader and Luther, 2008). Additionally, they have also been employed in previous similar research studies such as Albelda (2011), Bontis (1998), Fanning (2000), Hope and Fraser (1997), Hopwood (1973), Irani et al. (1998), Reeds (2000), Segelod (2000) and Usoff et al. (2002). These MAPs were also classified in the areas of reporting and decisions, performance measurement, accounting style, budgetary control and capital budgeting (Tayles et al., 2007). ...
... The complexity of finding suitable capital investment methods in the public sector and their implications and consequences have been previously discussed by several authors (i.e. Lapsley, 1986Lapsley, , 1988Segelod, 1986 andYard, 2004). Some issues that have been addressed are ranking of project proposals, pricing of public services when regulations state that municipalities are not allowed to charge more than full cost, and dealing with the wellknown fact that large prestigious projects, almost on a systematic level, tend to heavily overrun their investment budget. ...
... The study indicated the competence cannot be static for too long since new demands from the market, new technologies for product and processes and new ways of organising activities keep on putting pressure on companies to change and innovate. An empirical study on software innovativeness, studying the knowledge acquisition, external linkage and development processes was conducted by Jordan and Segelod (2002). The research revealed that in the overall product creation process customers were found to be the most important linkages, and that in case of producing high innovativeness products large sized firms did not show any advantage over smaller firms thereby establishing the effectiveness of SMEs in firm's innovativeness. ...