Tidigare forskning har endast fokuserats på företag med begränsningen LargeCap och i denna studie studerar vi vad medelstora företag rapporterar om intellektuellt kapital. Studiens resultat visar på ett liknande trendmönster med tidigare studier som enbart har analyserat LargeCap företag.   Syftet med studien är att undersöka vad medelstora företag rapporterar om intellektuellt kapital, med insamlad data från svenska börsnoterade företag. För att bemöta syftet har litteratur från tidigare forskning och empiriska data från urvalsföretagens årsredovisningar för 2014 samt 2018 använts. Till följd av detta kunde en frågeställning skapas: vilka delar av intellektuellt kapital är det börsnoterade företag redovisar?   Studien visar på att MidCap företag följer samma trend i rapporteringen av intellektuellt kapital som LargeCap företag. Resultatet visar dock på en lägre frekvens av rapporteringen i MidCap företag jämfört med tidigare studier om LargeCap företag.   Studien har bidragit till ett nytt teoretiskt perspektiv för att illustrera företags rapportering av intellektuellt kapital. Studien har bidragit till att skiljaktigheten i företagens rapportering inte är beroende av storleken för att bedöma ett rapporteringsmönster. Ett empiriskt bidrag är att studien har tillfört en ny tillämpningsgrupp i en befintlig teori och det praktiska bidraget är att intressenter informeras om vilka delar företag rapporterar om intellektuellt kapital samt hur företag kan använda denna studie till att anpassa rapporteringen av intellektuellt kapital. / Previous research has solely been focusing on companies with the restriction LargeCap and in this study we have studied what MidCap companies report regarding intellectual capital. The study results show a similar pattern with previous studies that has only analysed LargeCap.   The purpose of this study is to examine what MidCap companies reports about intellectual capital, with collected data from Swedish listed companies. To meet the purpose has literature from previous research and empirical data from the sampled companies' annual reports from 2014 and 2018 been used. Due to this could an issue be established: which parts of intellectual capital are the listed companies reporting?   The study of MidCap companies follows the same pattern in the reporting of intellectual capital as LargeCap companies. However, the result shows a lower frequency of reports in MidCap companies in relation to previous research about LargeCap companies.   The study has contributed to a new theoretical perspective to illustrate companies reporting regarding intellectual capital. The research has contributed to differences in companies reporting are not dependent on the size to assess a reporting pattern. An empirical contribution is that the study has brought a new sample group for an existing theory and the practical contribution is that the stakeholders are getting informed which parts of intellectual capital companies are reporting and also how companies can utilize this study to adjust their reporting of intellectual capital.

There is still limited knowledge available on how SME and midcap firms perform financing decisions and on what such a decision is based on. The literature revealed that capital structure theories can only partly explain parameters that determine financing decisions, particularly in a bank dominated lending environment like in Germany. Academic research tried to expand towards a broader and more strategic approach regarding a financing strategy and towards behavioural bias of a company's management. Furthermore, existing research tried to identify an interaction between business strategy and financing strategy but failed to identify a causal direction so far. The present research provides a unique research approach to bridge this gap as it introduces a new aspect into the discussion on the decision for a financing instrument and whether a formulated financing strategy is followed. Based on a case study approach that combines manager interviews, document analysis and calculation of key financial ratios, the research explores the management's decision in a specific situation, the refinancing of standard mezzanine. Firms that used standard mezzanine had to perform a decent refinancing decision between the years 2011 and 2014 as there was no exact substitute instrument available in financing markets anymore. The results showed that a financing strategy exists in the cases explored, but elements and form varied across cases. In addition, the cases indicated that behavioural bias on management level might exist, based on identified inefficiencies and delays. However, these inefficiencies cannot be primarily assigned to owner-managers as done by previous research. Furthermore, a causal direction between business strategy and financing strategy could be indicated in the cases investigated. The results led to the development of a financing strategy typology, based on existing types of business strategies that might help to explain financing decisions. A template for a holistic financing strategy has been designed based on the investigations that allows midcap firms to establish and implement their own financing strategy (or adjust their existing strategy). The holistic framework provides core elements and financing principles as well as a prototype financing process that help to avoid the identified inefficiencies in their financing processes.