Företag deltar i en ständig process av legitimitet som tillåter dem att konkurrera inom sinmarknad. Legitimitet hjälper företag att bibehålla sin marknadsställning och baseras påföretags beteende. Uppsatsen syftar till att undersöka hur årsredovisningar används av företagför att behålla sin legitimitet genom företagsvärderingar. I sökandet inom ämnet hittades liteeller ingen tidigare forskning som undersöker hur svenska företag behåller legitimitet genomföretagsvärderingar i årsredovisningar. Intresset för ämnet kom från hur svenska företag kananvända årsredovisningar. Detta formade syftet för uppsatsen, dvs. för att få en bättre bildöver hur svenska företag kan använda årsredovisningar för att behålla sin legitimitet genomföretagsvärderingar. Uppsatsen har använt sig av nyinstitutionell teori för att analysera ochtolka den data som samlades in från aktiebolag. Uppsatsen kommer fram till att företag kananvända årsredovisningar som en form av strategi för att behålla sin legitimitet.Årsredovisningar användas för att visa de mål, värderingar, syften och utveckling som företaghar för att behålla legitimitet. Företag kan även visa upp de åtgärder de vidtar för att förbättrasin verksamhet och samhället i stort, något som kan ge företag trovärdighet om dessa åtgärderstämmer överens med de normer och värderingar samhället i stort har. Årsredovisningaranvänds på ett sätt som skapar tilltro till företaget. Om företag har hög legitimitet litarallmänheten mer på det som företaget visar och står för vilket skulle även kunna hjälpa attattrahera arbetskraft. / Businesses participate in an ongoing legitimization process that allows them to competewithin their markets. Legitimization helps companies maintain their business and marketposition and stems from corporate behaviour. This essay examines how annual reports areused by businesses to maintain their legitimacy through organization values. There is little orno research regarding how Swedish organizations maintain legitimization throughorganization values in annual reports. The interest for the subject comes from how Swedishcompanies use annual reports. This formed the purpose of the essay, to get a betterunderstanding over how companies can maintain legitimization. This essay uses neoinstitutional theory to analyse and interpret how companies utilize annual reports to maintainlegitimacy. The essay concludes the strategies that companies can use annual reports to showtheir companies’ goals, values, purpose, and developments that can maintain legitimacy.Companies can also show measures taken to improve themselves and society at large,something that could give companies trustworthiness if their actions are consistent with thenorms and values of society. Annual reports are used in a way that creates trust in thecompany. If the company have high legitimization then the public will trust them more andcould also help attract employees to the company.

Climate change will lead to higher temperatures and longer summers in the future, which will likely influence the growing season of fish living in temperate lakes. The warm summer of 2018 in Sweden matches prognoses for normal summers at the end of the century and can thus be used to investigate the effect of temperature related factors on fish growth. In this study I used back-calculation of the growth of roach (Rutilus rutilus) caught in Lake Tåkern, Sweden, to find differences in growth during 2018’s hot summer versus the period 2012-2017. I compared growth during these years with results from a similar study from Lake Tåkern in 1978. For this comparison I used 1977 as a representative year for the 1970’s. I applied sclerochronology to the scales to determine age and growth. The results show that growth in terms of length increment was faster in 2018 than in 2012 – 2016. The results indicate that 2018 had an effect on the whole roach population, since significant differences were found across age groups. Additional comparisons between 1977 and 2018 showed no significant difference. Differences in roach growth rate between 2012-2018 could be caused by the differences in mean temperature during the roaches growing season, since 2018 was abnormally warm, and the difference between 1997 and 2018 could be attributed to 1977’s fish death. This means that if the pattern of climate change continues, roach growth rates will increase in the future regardless of age group.

Syfte: “Studiens syfte är att undersöka vad som förklarar svenska onoterade företags benägenhet att lämna in sin årsredovisning i ett tidigt eller sent skede”.   Metod: I denna kvantitativa studie har sekundärdata samlats in från databasen Retriever. För att uppnå studiens syfte används multivariata regressionsanalyser med lead time och i tid/sen som beroende variabler och lönsamhet, ålder, storlek, revision, skuldsättning, bokslutsmånad samt bransch som oberoende variabler.   Resultat och Slutsats: Resultaten visar på ett negativt signifikant samband mellan lead time och lönsamhet. Sambandet mellan lead time och företagets bokslutsmånad var positivt och signifikant. Företagens val att ha revisor visade sig även det ha ett positivt signifikant samband med lead time, vilket innebär att företag med revisor kommer att lämna in sin årsredovisning senare än företag utan revisor. Det finns däremot inget som tyder på att ha en revisor eller inte påverkar huruvida företag lämnar i tid eller inte.   Bidrag: Studien har bidragit till forskningsområdet kring aktualitet dels genom att utföra studien i Sverige och dels genom att studera onoterade företag. Detta har medfört att en variabel som inte tidigare har studerats, företagets val att ha revisor eller inte, har kunnat inkluderas. Studien bidrar även till de senaste årens debatt kring tidsgränsen för hur sent årsredovisningar ska få lämnas in.   Förslag till vidare forskning: Ett förslag till vidare forskning är att studera om årsredovisningars aktualitet förändrades i och med avskaffandet av revisionsplikten. Det hade även varit intressant att utföra en liknande studie med longitudinell design där flera år undersöks för att kunna fastställa orsaksriktningen mellan variablerna. / Aim: “The aim of this study is to examine what explains Swedish unlisted companies’ tendency to file their annual reports in an early or late period”.   Method: In this quantitative study secondary data is obtained from the database Retriever. To achieve the aim of this study multivariate regression analyses are used with lead time and in time/late as the dependent variables and profitability, age, size, audit, leverage, fiscal year-end and sector as independent variables.   Results and Conclusions: The results show a negative relationship between lead time and profitability. The relationship between lead time and company fiscal year-end was positive and significant. If a company have chosen to have an auditor is shown to have a positive significant relationship with lead time, this mean that companies with an auditor will file their annual reports later than companies without an auditor. There is on the other hand no indications that having an auditor or not will affect whether the company file on time or not.   Contributions: This study has contributed to the field of research of timeliness partly by performing the study in Sweden and partly by studying unlisted companies. This resulted in the inclusion of a variable that takes into account if the company has an auditor or not, which has not been studied before. The study also contributes to previous years debate about the time allowed for companies to file their annual reports.   Suggestions for future research: A suggestion for future research is to study if the timeliness of annual reports changed as a result of the abolition of the audit obligation. It would also be interesting to conduct a similar study with a longitudinal design where more than one year is reviewed so that the causal direction of the variables can be determined.

Titel: Frivillig redovisning i svenska onoterade företag. Nivå: Kandidatuppsats i företagsekonomi. Författare: Felicia Pärlefalk och Johan Wängermark. Handledare: Fredrik Hartwig. Datum: Juni 2020. Den frivilliga redovisningen har fått en ökad uppmärksamhet och forskning avseende faktorer som kan förklara företags frivilliga redovisning har genomförts i betydande omfattning. Merparten av tidigare forskning är baserad på noterade företag, studier baserade på onoterade företag har genomförts i en mer begränsad omfattning. Syftet med denna studie är av den anledningen att undersöka vilka faktorer som kan förklara den frivilliga redovisningen i svenska onoterade företag. Studien har en kvantitativ metod som utgår från en deduktiv ansats. Data har samlats in från årsredovisningar, som sedan analyserats mot företagsekonomiska teorier och tidigare forskning. Företags frivilliga redovisning utgör studiens beroende variabel och de oberoende variablerna är företags storlek, lönsamhet, skuldsättningsgrad och bransch. Studiens resultat visar att storlek är den faktor som har störst påverkan på den frivilliga redovisningen vilket förhåller sig till tidigare forskning på noterade företag. Resultatet visar att det finns ett positivt signifikant samband mellan den frivilliga redovisningen och ett företags storlek. Det finns även ett signifikant samband mellan den frivilliga redovisningen och ett företags skuldsättningsgrad, i motsats till studiens förväntningar visar dock resultatet att det sambandet är negativt. Studiens resultat visar slutligen att ett företags branschtillhörighet påverkar den frivilliga redovisningen, det finns skillnader i den frivilliga redovisningen som presenteras i årsredovisningen för olika branscher. Tidigare forskning som behandlar den frivillig redovisningen är som tidigare nämnts huvudsakligen baserad på noterade företag. Denna studie bidrar därav med ett nytt perspektiv inom området då den är utförd på onoterade företag för att undersöka förklarande faktorer. / Titel: Voluntary disclosure in swedish unlisted companies. Level: Bachelor thesis in Business administration. Authors: Felicia Pärlefalk och Johan Wängermark. Supervisor: Fredrik Hartwig. Date: June 2020. The voluntary disclosure has received increased attention and research on factors that can explain corporate voluntary disclosure has been carried out to a considerable extent. Most of the previous research is based on market-listed companies, studies based on unlisted companies have been conducted to a more limited extent. The aim of this study is for that reason to examine which factors can explain the voluntary disclosure in swedish unlisted companies. This study has a quantitative method based on a deductive approach. Data has been collected from annual reports, which are then analyst against business economic theories and previous research. Corporate voluntary disclosure is the study ́s dependent variable and the independent variables are firm size, profitability, debt ratio and industry. The study's results show that firm size is the factor that has the largest impact on the voluntary disclosure related to previous research on listed companies. The results show that there is a positive significant relationship between the voluntary disclosure and the size of a company. There is also a significant relationship between the voluntary disclosure and debt ratio, contrary to the study ́s expectations, the results show that there is a negative relationship. The study’s results also show that industry affiliation have an impact on the voluntary disclosure, there is differences in the voluntary disclosure that is presented for various industries. Previous research on voluntary disclosure is, as previously mentioned, mainly based on listed companies. This study can therefore contribute with a new perspective where it is based on unlisted companies to examine explanatory factors.

Thesis (MSc. (Pasture Science)) -- University of Limpopo, 2016 / South Africa is regarded as a semi-arid area; only 28% of the country receives more than 600 mm rainfall recorded annually. Sustainable utilization of cool season fodder grasses in summer rainfall areas to produce winter animal feed remains a major problem. Farmers are affected by a shortage of adequate, good quality herbage for livestock during winter and dry periods on commercial farms. The study aimed to evaluate and compare the production potential of six Festulolium hybrids, three Dactylis species, and five Lolium hybrids and three grass-legume mixtures in the summer rainfall area. A total of 17 cultivars were evaluated for their DM production under the treatment of different fertilizer levels on three planting dates (16 March 2011, 21 April 2011 and 4 April 2012). The study was carried out at Hygrotech Seed Company (Experimental site), Dewagensdrift in Moloto Village outside Pretoria in the Gauteng Province. Data was collected on a monthly basis from sub-plots of 1 m x 1 m (m2) in 51 plots of 1.5 m x 6 m (9 m2), with nine rows that were 10 cm apart arranged under RCBD with three replicates per cultivar. Harvested fresh samples were taken, weighed, dried at 60ºC until they reached a constant dry weight and weighed to determine DM content. A Fischer’s protected LSD at the 5 % level was performed to compare the treatment means. Over a period of three years of study, it shows that the low fertilizer level resulted in the lowest DM production, with no significant difference occurring between medium and high fertilizer levels. To achieve optimum DM production with minimum cost medium fertilizer is recommended. The cultivars responded differently to the three different planting dates. The time of planting had an effect on DM production in winter. It is recommended that Festulolium hybrids and Lolium hybrids be planted earlier (March) for better DM production in winter. / National Research Foundation (NRF)

Beef products represent the fourth largest agricultural commodity in the state of California, valuing more than $3 billion from 2013 to 2015 (CDFA, 2016) and procure 90% of the income for the range livestock industry (FRAP, 2003). Forages found on California’s coastal, desert, foothill, and mountain ranges are the basis of the state’s beef cattle industry. Understanding their nutritional quality of these forages is important for their effective use (George et al., 2001a; Waterman et al., 2014). The objectives of this research were to investigate the nutritional characteristics, and in situ digestbilities in Angus beef cattle, of common California annual and perennial grasses: wild oats (Avena barbata and Avena fatua), soft chess (Bromus hordeaceous), filaree (Erodium botrys), Italian ryegrass (Lolium multiflorum), blue wildrye (Elymus glaucus), creeping wildrye (Leymus tritichoides), melic (Melica californica, Melica imperfecta, Melica torreyana), foothill needlegrass (Nasella lepida), purple needlegrass (Nasella pulchra). Nutritional composition as a percentage of dry matter (crude protein, CP; neutral detergent fiber, NDF; acid detergent fiber, ADF; and acid detergent lignin, ADL) and digestibilities were compared at four growth stages: late vegetative (LV), early reproductive (ER), late reproductive (LR), and dry (D). Plant samples were collected in San Luis Obispo County, CA. Crude protein concentrations decreased, and fiber concentrations increased, with maturity (P ≤ 0.05). Perennial grasses contained more NDF and ADF than annual grasses, across all growth stages (P ≤ 0.05). Annual grasses were significantly higher than perennials in dry matter digestibility (%DMD) at the 48 h incubation, when averaged across all growth stages (P ≤ 0.05); and at the LR and D stages, when averaged across all incubation periods (P ≤ 0.05). Within the annual grasses, %DMD was similar between ER, LR, and D stages. Within the perennial grasses, %DMD was similar between the LR and D stages (P ≤ 0.05).

The thesis discusses the task of easements appraisement in detail. The theoretical part is aimed to general analysis of easements; kinds of easements, possible ways of their formation and termination are stressed. Separate part deals with delimitation of basic terms associated with appraicement of real estate, basic techniques of appraicement of easements from the point of view of appraicement purpose and the kind of easement. Consecutively the theoretical part is applied to appraicement of easement for cost free using of family house and garden, easement for participating on crop from garden and appraicement of easement for domestic animals breeding for tax purposes so as contractual purposes for the lifetime of the eligible person.

Warren Buffet started an investment partnership of $100 in 1956 and has gone on to accumulate a personal net worth of over $60 billion. He started primarily as a value investor, and gradually changed over time to a strategy which uses the PEG ratio as its main tool. Peter Lynch, one of the most successful fund managers in history and had a compound annual growth rate of 29% for 13 years, was the man to first introduce the world to the PEG ratio. With such prominence, however, widespread use of previously successful strategies tend to render them ineffective due to everyone using them, and today the PEG ratio’s effectiveness as a valuation tool remains a topical debate between market commentators.This study sets out to determine if the PEG ratio adds value using JSE Main Board data from 2002 to 2012. Returns from five portfolios constructed directly from share quintiles based on PEG ratio magnitude are compared to returns of a portfolio constructed from the optimum quintile of value shares. The PEG ratio portfolio returns are examined based on 3 rebalancing period strategies, and on relative performance between the quintiles within each strategy.It is found that a 24 monthly rebalancing strategy provides superior returns to that of 3 or 12 monthly rebalancing for PEG quintiles of selected stocks. Furthermore, the lowest PEG ratio quintile in this strategy outperforms the value portfolio by a compound annual growth rate of 4.3%. The second lowest PEG ratio quintile portfolio performs slightly better to ensure that 40% of stocks selected based on the PEG ratio produced sustained superior returns to the optimum quintile value portfolio. / Dissertation (MBA)--University of Pretoria, 2012. / Gordon Institute of Business Science (GIBS) / unrestricted

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Bericht über Strukturveränderungen, Personal, Projekte, Öffentlichkeitsarbeit, Ausstellungen, Vorträge u.a. der Universitätsbibliothek Leipzig und Ihre MitarbeiterInnen im Jahr 2016