The aim of this diploma thesis is to give a comprehensive view of the legal regulation of compensation for withdrawal and limitation of the ownership right to land. This thesis is divided into eight chapters, where the introductory part is followed by six chapters and the conclusion. The first chapter briefly explains the basic institutes with an emphasis on the uniqueness of the land. The second chapter discusses the conditions of expropriation. The third chapter focuses on compensation for land expropriation. The fourth chapter deals with the limitation of the ownership right to land. The fifth chapter analyzes compensation for the limitation of the ownership right to land. The sixth chapter describes selected Acts of environmental law in the perspective of fourth and fifth chapter. In conclusion, this diploma thesis summarizes the main findings. As regards compensation for expropriation, the legislation is not stable and allows unjustified differences between landowners. As for the limitation of the ownership right to land, the situation regarding the provision of compensation is not always clear and there are some gaps in the legislation. However, these can be overcome by case-law.

China has blossomed from going from one of the poorest economies to a financial leader. The private consumption in China has grown 8,3% annually the last two decades. The dining out expenditures have grown 10,2%, and is an exciting market for foreign entrepreneurs to establish themselves in. Previous research has suggested that foreign Micro, Small and Medium Enterprises should join forces with a Chinese counterpart in order to get access to market experience and network contacts, in order to succeed in the Chinese market (Wilson and Brennan, 2003). Deng (2001) claims that the most popular investment vehicle Wholly Foreign Owned Enterprise increases in popularity among all company sizes.   This dissertation aims to investigate to which extent MSME foreign entrepreneurs use networking and guanxi, depending on ownership registration. A qualitative research method was used with an abductive approach and an interpretivist research philosophy to explore this phenomenon. The results of this thesis show that foreign entrepreneurs can start up successfully both as WFOEs and JVs. WFOEs and JVs share many of the same contacts, but networking activities and usage of guanxi has some influencing factors. The Registration Status of company influence strategic networking decisions, the perception and expectation of the nature and benefits of guanxi and perceived necessity of gift giving also affected the networking activities.  JV owners perceive guanxi contacts to be necessary to succeed in China and finds cultivation and utilization of it to be beneficial.  Entrepreneurs who establish Wholly Foreign Owned Enterprises both use and have a more “Western” approach to social networking, and almost exclusively don’t have guanxi contacts. The Investment Vehicle Network Scheme shows that JVs have more complex networks than WFOE, since they receive Chinese guanxi and networking contacts through their partners. The Guanxi Network Ownership Model shows the network intensity during the startup phases of the companies. The research also indicates that guanxi smoothens out the start-up process for the entrepreneurs who enter JVs.

This study examines the specific ways in which private equity firms influence their portfolio companies to enhance their value, with a focus on the relationship between the level of retained ownership and post-IPO performance. Private Equity firms influence their portfolio companies in specific ways to enhance their value. Private Equity firms are typically limited partnerships, and to realize the value created during the life of the investment, the exit strategy is crucial. An initial public offering is stated as the preferable exit. However, private equity firms usually stay invested in their portfolio companies for up to several years after an initial public offering. Their retained ownership is crucial for underpricing at the IPO and performance post-IPO. This study aims to discover this relationship and to determine its effects. It will contribute to understanding how the portfolio companies' price changes on the first day of trading and their performance, in the long run, is affected by the stake held by the private equity firms. This research will try to clarify the current uncertainty about the effect of underpricing that prevails. It will also fill the existing gap in the academic literature about performance. It can also be potentially helpful for investors. Given knowledge about how retained ownership by PE firms affects underpricing at the IPO and performance post-IPO, this study can help investors to make better investment decisions. However, it should not be seen as investment advice but rather as a contribution to increasing the investor's understanding and knowledge. Publicly listed portfolio companies in the Nordic region constitute the sample for the analysis, and pooled OLS is the econometric method used in this study. We utilized a panel dataset for performance and obtained 2411 unique observations. The long-run performance has been measured as 36 months following the IPO. Our findings indicate a positive relationship between the level of ownership held by the PE firm and both underpricing and performance. These relationships are both statistically significant on the 1% level. Control variables were also included to capture other possible factors that might impact our dependent variables. The positive relationship between the level of ownership held by the PE firm and performance was in line with previous similar research and our expectations. However, the relationship between the PE firm's level of ownership and underpricing was the opposite of what we expected. Previous research has also presented contradictory results, making it difficult to predict the relationship. We hope our results have contributed to clarity regarding underpricing and broadening existing literature about performance for private equity-backed companies.

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Acquisition is a crucial element of consumer behavior. By gaining a deeper understanding of the factors that influence consumers' acquisition of products, marketers and managers can develop more effective marketing strategies, and design products that better align with the needs and desires of their target customers. This dissertation develops two essays that examine key components of consumers' interest to acquisition: (1) the impact of ownership language on product evaluation, and (2) the influence of dispositional greed on the experience of diminishing marginal utility. Essay 1 investigates the impact of ownership language (e.g., this is my car) on prospective buyers' item evaluation. Results show that using ownership language has a negative effect on both tangible and intangible item evaluation. Specifically, using more ownership language raises contamination concerns and leads to decreased item evaluation. Essay 2 focuses on the individual differences in the experience of diminishing marginal utility (DMU), which is an essential component of consumers' interest in acquisition. By examining the relationship between dispositional greed and the experience of DMU, this research provides valuable insights into the motivations and desires that drive consumer behavior. The findings from six studies demonstrate that individuals with higher levels of dispositional greed are less likely to experience DMU and that such a heterogeneous experience of DMU depends on consumption scenarios (i.e., quantity-based vs. non-quantity-based). / Doctor of Philosophy / Understanding what motivates people to buy things is a key focus for consumer research. By studying consumers' interest in acquisition, businesses can gain valuable insights into the factors that drive consumer behavior, which can help them design better marketing strategies and create products better suited for the needs of their target customers. This dissertation features two essays that focus on the concept of "consumers' interest in acquisition." Essay 1 studies how using phrases like "this is my car" (i.e., ownership language) affects consumers' evaluation of second-hand products. The results find that using ownership language makes consumers evaluate both tangible and intangible items less favorably. To be specific, using ownership language raises contamination concerns (e.g., the feeling of having been "polluted"), which leads to lowered item evaluation. Essay 2 investigates an aspect of consumer behavior that has received little attention in previous research: the individual differences in the experience of diminishing marginal utility (DMU). I argue that individuals' dispositional level of greed (e.g., dissatisfaction of not having enough, combined with the desire to acquire more) is related to the experience of DMU, such that individuals with higher levels of greed tend to experience less DMU compared to less greedy consumers. In other words, as greedy consumers acquire more of a good or service, the additional satisfaction they gain from each additional unit does not decrease as rapidly as it does for less greedy people. Moreover, I discovered that this heterogeneous experience of DMU was more evident when consumption experiences involved changes in quantity vs. attributes or features of a product/service.

published_or_final_version / Business Administration / Master / Master of Business Administration

published_or_final_version / Housing Management / Master / Master of Housing Management

This dissertation consists of three essays examining the relation between corporate governance and firm performance. The theme of this study is that the widely documented long-term underperformance in equity carve-outs can be partly explained by weak corporate governance. The first essay presented in Chapter 2 explores the effect of shareholder-rights protection on the performance of a sample of firms that initiated a carve-out during the period 1983-2004. Using the Gompers, Ishii, and Metrick (2003) index and Bebchuk, Cohen, and Ferrell (2004) entrenchment index, as proxies for the quality of shareholder-rights protection, I provide evidence that firms with better shareholder rights protection outperform those with weaker rights protection. Results indicate that the weaker the rights protection, the greater the degree of underperformance. Overall, the results are robust to measures of firm performance and to model specification. The second essay presented in Chapter 3 examines the relation between firm performance and board structure. In particular, I study how board size, board independence, and CEO duality influence firm performance. I find that board size for non-financial firms is negatively related to firm performance but positively associated with performance for financial firms. Board independence is positively related to firm performance and CEO duality is negatively associated with performance for both financial and non-financial firms. These results are robust to various measures of firm performance. The conflicting evidence on board size, between financials and non-financials, seems to suggest that the scope and complexity of a firm.s operations drives board size. The third essay presented in Chapter 4 investigates corporate ownership and firm performance. I focus on insider ownership, outside blockholder ownership, and ownership concentration. Results show that insider ownership is negatively related to firm performance even at low levels of insider ownership levels. It is plausible that the combination of parent ownership and management ownership in the subsidiary exacerbate the entrenchment effect thus overwhelming the incentive alignment effects that theory posits. I document a positive relation between outside blockholder ownership and firm performance. And finally, I show that the level of ownership concentration increases (decreases) in anticipation of positive (negative) changes in firm performance.

Background/Discussion: Among investors, annual reports are used as a decision-making document to value a company. Many companies therefore use voluntary disclosure as a complement to statutory information in annual reports. Previous studies have examined what the underlying factors for voluntary disclosure are. These have among other things, resulted in factors such as size, country of origin and owner concentration, which has a significant impact on the amount of voluntary disclosure. Therefore, it is interesting to examine if there is a significant difference between the amount of voluntary disclosure in companies with controlled ownership versus management ownership. The selection is based on companies listed on the Swedish stock market Nasdaq Strockholm, Large Cap and Small Cap. Purpose: This comparative study is aiming to investigate differences in the amount of voluntary disclosure between companies with controlled ownership and management ownership. The purpose is to create a deeper understanding and increase awareness of the ownership structure's impact on voluntary information. Method: A quantitative method has been used for the study and empirical data has been collected through observations of annual reports. The collected data has then been assessed according to a valuation index designed for the study. The index has been adapted to both swedish and international regulations. The study has then used scatterplots and a t-test to measure whether or not there is a significant difference in the amount of voluntary disclosure between the two owner concentrations. Result: Based on the study's sample, there is no significant difference in the amount of voluntary disclosure between control-owned and management-controlled companies. Control-owned companies tend to report more information about accidents than managementcontrolled companies. The management-controlled companies in the study tend to report more information on marketing than control-owned companies