Bakgrund och problem: Sverige är ett av de mest hållbarhets medvetna länderna i världen (Robecosam, 2021) med ett stort antal företag som prioriterar och rapporterar CSR-aktiviteter. Med det i åtanke är CSR ett växande intressant ämne vilket är ett omdiskuterat inom akademisk forskning, framförallt vilken effekt den har för företag som implementerar det. Vi valde att utforska vidare på detta i Sverige i förväntan av att se ett samband med förbättrat ekonomiskt resultat för de företag som engagerar sig i CSR.Syfte och bidrag: Föreliggande studie har syftet att undersöka vilken påverkan corporate social responsibility (CSR) har på corporate financial performance (CFP) hos svenska börsnoterade små- och medelstora företag under år 2019. Det forskningen är tänkt att bidra till är ökad förståelse för CSR och vilken betydelse det har för företag som implementerar det. De som kan dra nytta av den informationen är investerare, forskare och företag.Metod: Det valda metodvalet var multipel linjär regression med 1 oberoende variabel, vilket representerar CSR, och 3 kontrollvariabler. Den oberoende variabeln som användes var ESG. De kontrollvariabler som användes var kapitalstruktur, företagsstorlek och ålder. De valda beroende variabler var Return on equity (ROE), Return on assets (ROA) och Tobins Q vilket representerade finansiell prestation (CFP).Slutsats: Föreliggande studiens slutsats var att metodvalet visade sig vara insignifikant och därför kunde inte syftet visa om CSR påverkar CFP positivt. Det rekommenderas därför att använda andra metodval vid undersökning av CSR-CFP relationen hos små- och medelstora företag (SME) i framtida studier. / Background and problems: Sweden is one of the most sustainability-conscious countries in the world (Robecosam, 2021) with a large number of companies prioritizing and reporting CSR activities. With that in mind, CSR is a growing topic of interest which is debated within academic research, especially the effect it has on companies that implement it. We chose to explore this further in Sweden in the expectation of seeing a connection with improved financial results for the companies that engage in CSR.Purpose and contribution: The purpose of this study is to investigate the impact corporate social responsibility (CSR) has on corporate financial performance (CFP) in Swedish listed SMEs during the year 2019. What the research is intended to contribute to, is increased understanding of CSR and what significance it has for companies that implement it. Those who can benefit from the findings of this research paper are investors, researchers and companies.Method: The choice of method was a multiple linear regression with 1 independent variable, that represented CSR, and 4 control variables. The variables used were ESG as the independent variable. For control variables, capital structure, company size and age were used. The selected dependent variables were return on equity (ROE), return on assets (ROA) and tobin's Q which represented corporate financial performance (CFP).Conclusion: The conclusion of the present study was that the choice of method was found to be insignificant and therefore the aim of showing that CSR affects CFP positively could not be confirmed. It is recommended to use other methodological choices when examining CSR-CFP from small- and medium sized enterprises (SME) in future studies.

Extant research concludes that SMEs tend to be highly dependent on the local institutional environment when internationalizing. In relation to that, international business literature accentuates the lack of studies that aim to understand how government support influences SMEs' international business performance. This further justifies the current inquiry for conducting more diverse scientific research in order to better describe and evaluate how governments should apply and effectively utilize their support toward internationalizing SMEs. Based on that, the aim of this study was to first identify the approaches that Kalmar based SMEs undertake to internationalize. Second, to identify the current initiatives implemented by the local governmental agencies toward the internationalization of these firms. Third, to identify how the governmental agencies in Kalmar could potentially improve the internationalization support towards the local SMEs. By fulfilling these aims this study was able to answer the overarching research question of How could the Swedish governmental agencies better contribute to the development of the internationalization process of their SMEs at the regional level? International business literature, internationalization process theories in combination with the available knowledge concerning the local institutional environment were utilized to conduct a thorough theoretical base for this study. The theoretical base laid the foundation for the constructed conceptual framework that was later utilized to collect and analyze data derived from five local SMEs and four key governmental agencies. This research project implemented a qualitative methodology and a multiple case study design. The data were collected through ten semi structured interviews. As an outcome, the findings of this study concludes that the identified prevailing internationalization process traits in combination with the uncovered improvement elements for governmental internationalization support, positively influence the configuration between the SMEs internationalization and the local institutional environment. This further contributes to achieving understanding concerning how Swedish regions could foster the internationalization process of their SMEs. Finally, to the best of the authors’ knowledge, this is one of the first studies to address the issue of governmental endeavors toward the internationalization process of Swedish SMEs.