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Blomkvist, Marita
Publications (10 of 21) Show all publications
Blomkvist, M., Johansson, J. & Rodgers, W. (2018). Examining Entrepreneurs' Knowledge Based View of the Firm: lnfluencing financial information in innovative activities. In: : . Paper presented at 41st EAA Annual Congress, Milan, Italy, 30th May - 1st June, 2018.
Open this publication in new window or tab >>Examining Entrepreneurs' Knowledge Based View of the Firm: lnfluencing financial information in innovative activities
2018 (English)Conference paper, Oral presentation with published abstract (Refereed)
Abstract [en]

This study focuses on knowledge management and entrepreneurs’ perceptions in terms of knowledge sharing, the use of financial statement information and how these impact on their strategic business judgments and decision choices in innovative SME firms. Using a strategic decision making process model we test our assumptions regarding entrepreneurs´ knowledge routines implemented by non-Gazelle companies in strategic business decision. Combining survey data and financial data from a unique archival database we test our propositions on Swedish SMEs. The results of the structural equation analysis implied that non-Gazelle companies are propelled primarily by non-financial information captured by the expertise of managers and investors. Traditional financial information does not include entrepreneurs´ decision making however, the results indicate that entrepreneurs risk awareness is reported as a part of the frame why entrepreneurs´ make decisions.

Keywords
knowledge-based view, knowledge sharing, innovation, decision making, SME
National Category
Business Administration
Identifiers
urn:nbn:se:hh:diva-36586 (URN)
Conference
41st EAA Annual Congress, Milan, Italy, 30th May - 1st June, 2018
Available from: 2018-04-08 Created: 2018-04-08 Last updated: 2018-06-08Bibliographically approved
Blomkvist, M., Johansson, J. & Malmström, M. (2016). Accounting knowledge in innovative firms - Direct contacts with external auditors for strategic actions. International Journal of Managerial and Financial Accounting, 8(3-4), 209-229
Open this publication in new window or tab >>Accounting knowledge in innovative firms - Direct contacts with external auditors for strategic actions
2016 (English)In: International Journal of Managerial and Financial Accounting, ISSN 1753-6715, E-ISSN 1753-6723, Vol. 8, no 3-4, p. 209-229Article in journal (Refereed) Published
Abstract [en]

Managers’ use of auditors in decision processes is well known in the accounting literature, but little is known about owner-managers in innovative firms and their acquisition of accounting knowledge through direct contacts with external auditors. We conducted a multiple embedded study of exploratory character based on 21 interviews with owner-managers and external auditors connected to six innovative firms. We show that owner-managers in innovative firms apply informal management control in early phases of the innovation process and thus also rely heavily on external auditors for such purposes. However, management’s acquisition of accounting knowledge may contribute over time to the development of a more formalised control system as their competence increases. This study suggests that a competence-based view may be useful for understanding the role of accounting and external auditors in innovative firms’ management control systems. Copyright © 2016 Inderscience Enterprises Ltd.

Place, publisher, year, edition, pages
Olney: InderScience Publishers, 2016
Keywords
accounting knowledge, external auditors, innovative firms, strategic actions, owner-managers, entrepreneurship, informal management control, innovation process, competence-based view
National Category
Business Administration
Identifiers
urn:nbn:se:hh:diva-36456 (URN)10.1504/IJMFA.2016.10002742 (DOI)2-s2.0-85014514694 (Scopus ID)
Available from: 2018-03-15 Created: 2018-03-15 Last updated: 2018-03-15Bibliographically approved
Blomkvist, M., Johansson, J. & Malmström, M. (2015). Accounting Knowledge in Innovative Firms – Direct Contacts with Auditors for Strategic Actions. In: : . Paper presented at American Accounting Association (AAA) Annual Meeting, Chicago, IL, USA, August 7-12, 2015.
Open this publication in new window or tab >>Accounting Knowledge in Innovative Firms – Direct Contacts with Auditors for Strategic Actions
2015 (English)Conference paper, Oral presentation with published abstract (Refereed)
Abstract [en]

Managers’ use of auditors in decision processes are well known in the accounting literature but little is known on managers in innovative firms and their acquisition of accounting knowledge through direct contacts with auditors. We conducted a multiple embedded study of exploratory character based on 19 interviews with managers and auditors connected to six innovative firms. We show that managers in innovative firms apply informal management control in early phases and thus also rely to a high extent on external auditors for such purposes. Management acquisition of accounting knowledge may however stepwise contribute to a more formalized control system as management competence increase. This study suggests that competence based view may be useful for understanding the role of accounting and auditors.

National Category
Social Sciences
Identifiers
urn:nbn:se:hh:diva-29213 (URN)
Conference
American Accounting Association (AAA) Annual Meeting, Chicago, IL, USA, August 7-12, 2015
Available from: 2015-08-17 Created: 2015-08-17 Last updated: 2018-03-22Bibliographically approved
Blomkvist, M. & Paananen, M. (2014). The impact of managers´participating in the year-end accounting process on accounting quality and cost of debt among Swedish privately owned Gazelles. In: : . Paper presented at American Accounting Association (AAA) Annual meeting and Conference on Teaching and Learning, August 2-6, Atlanta, Georgia, USA.
Open this publication in new window or tab >>The impact of managers´participating in the year-end accounting process on accounting quality and cost of debt among Swedish privately owned Gazelles
2014 (English)Conference paper, Oral presentation with published abstract (Refereed)
Abstract [en]

Using a combination of survey data and unique archival databases we investigate the impact of managers´ participation in the year-end accounting process on the quality of financial reporting and cost of debt among Swedish privately owned Gazelles (rapidly growing firms) compared to Non-Gazelles. We find that managers of Gazelles are more prone to participate in the year-end accounting process compared to Non-Gazelles. Further, we find weak evidence that Gazelles produce higher quality financial reports (in terms of conservatism). Further, our results indicate that Gazelles experience lower cost of debt, though this is not statistically significant. We also find that private firms manage earnings to a greater extent the smaller they are and that the cost of debt systematically decreases with size for groups of firms.

Keywords
Private firms, Gazelles, growing firms, accounting regulation, accounting quality, financial reporting, cost of debt
National Category
Economics and Business
Identifiers
urn:nbn:se:hh:diva-27070 (URN)
Conference
American Accounting Association (AAA) Annual meeting and Conference on Teaching and Learning, August 2-6, Atlanta, Georgia, USA
Available from: 2014-11-17 Created: 2014-11-17 Last updated: 2018-03-22Bibliographically approved
Paananen, M. & Blomkvist, M. (2013). The Cost of Debt Implications of Financial Reporting Quality Among Privately Owned Swedish SMEs. In: FR abstracts: . Paper presented at European Accounting Association 36th Annual Congress, Paris, France, 6-8th May, 2013 (pp. 72-72).
Open this publication in new window or tab >>The Cost of Debt Implications of Financial Reporting Quality Among Privately Owned Swedish SMEs
2013 (English)In: FR abstracts, 2013, p. 72-72Conference paper, Oral presentation with published abstract (Refereed)
Abstract [en]

Using unique data where SMEs choose between standard sets we document standard choices, accounting quality, and cost of debt among 1,787 SMEs. We find that 99% use Swedish GAAP, and comparing Gazelles to Non-Gazelles; we find Gazelles are more prone to pick individual SFASC/IFRS standards. We investigate accounting quality and find little difference between the groups. We find that creditors able to assess credit risks regardless of financial reporting quality resulting in lower cost of debt for Gazelles. We show that accounting regulation is less important to SMEs who manage to provide creditors with information to assess the credit risk regardless. The reluctance to switch accounting standards suggests that financial reporting would not improve if “better” standards were enforced. This supports efforts to ease regulatory requirements for small firms such as the European Commission’s publication of the report “Less regulatory burden for small businesses” and raise the question whether the IASB’s project IFRS for SMEs is worthwhile.

Keywords
Private firms, SMEs, Gazelles, fast growing firms, accounting regulation, accounting quality, financial reporting, cost of capital, IAS/IFRS, endogeneity
National Category
Economics and Business
Identifiers
urn:nbn:se:hh:diva-24263 (URN)
Conference
European Accounting Association 36th Annual Congress, Paris, France, 6-8th May, 2013
Available from: 2014-01-01 Created: 2014-01-01 Last updated: 2018-03-22Bibliographically approved
Blomkvist, M. & Paananen, M. (2013). The Cost of Debt Implications of Information Environment Choices Among Privately Owned Swedish Small and Mid-Sized Companies. In: : . Paper presented at American Accounting Association Annual Meeting and Conference on Teaching and Learning in Accounting, August 3-7, Anaheim, CA, United States, 2013.
Open this publication in new window or tab >>The Cost of Debt Implications of Information Environment Choices Among Privately Owned Swedish Small and Mid-Sized Companies
2013 (English)Conference paper, Oral presentation with published abstract (Refereed)
Abstract [en]

We investigate improvements of the information environment and cost of debt implications. Capturing choices of accounting standards, auditor quality, and board size reflecting improvements of the information environment we find that the need of financing triggers an improvement, the most common actions are to switch to more qualified accountants and add board members. Improvements of the environment result in a reduction of cost of debt. Tests show that increasing audit quality decrease cost of debt. This is relevant to the discussion on accounting regulation for private firms among U.S. and European policy-makers showing that stakeholders do not demand valuation-oriented accounting.

Keywords
Private firms, small and mid-sized companies, information environment, accounting regulation, cost of debt, corporate governance choices, IFRS
National Category
Business Administration
Identifiers
urn:nbn:se:hh:diva-24264 (URN)
Conference
American Accounting Association Annual Meeting and Conference on Teaching and Learning in Accounting, August 3-7, Anaheim, CA, United States, 2013
Note

Title on the submitted version: The Cost of Debt Implications of Financial Reporting Quality Among Privately Owned Swedish SMEs

Available from: 2014-01-01 Created: 2014-01-01 Last updated: 2018-03-22Bibliographically approved
Blomkvist, M. & Paananen, M. (2012). The cost of debt implications of financial reporting quality among privately owned Swedish SMEs. In: : . Paper presented at EUFIN 2012, The 8th Workshop on European Financial Reporting, Prague, Czech Republic, 6-7 September, 2012.
Open this publication in new window or tab >>The cost of debt implications of financial reporting quality among privately owned Swedish SMEs
2012 (English)Conference paper, Oral presentation only (Refereed)
Abstract [en]

Using a unique database and manually collected data we analyse and document accounting choices made by Swedish SMEs between 2005 and 2008. We find that given an option to report under Swedish GAAP or a translation of IFRS (SFASC/IFRS), only 5 firms out of 1,500 opted to do so. Further analysis of choices of picking individual standards of SFASC/IFRS shows no significant difference across Gazelles and Non-Gazelles. Among firms that select individual SFASC/IFRS standards most opt to use the percentage-of-completion method for long-term contracts. We also investigate differences in quality of financial reporting across Gazelles and Non-Gazelles and find that the financial reporting quality is consistently higher among Gazelles compared to Non-Gazelles. Test of cost of debt implications show that creditors find Gazelles’ financial reporting more useful to assess the credit risk resulting in lower cost of debt for this group of firms. Thus, SMEs seem to have little incentive to switch to SFASC/IFRS, which may be an indication of their attitude to future adoption of IFRS for SMEs as well. Furthermore, the results suggest that SMEs with an incentive to produce high quality financial reporting to raise capital, Gazelles, are able to do so using Swedish GAAP. These findings raise the question whether the IFRS for SMEs project is worthwhile.

Keywords
Private firms, SMEs, Gazelles, fast growing firms, accounting quality, financial reporting, cost of capital, IAS/IFRS
National Category
Economics and Business
Identifiers
urn:nbn:se:hh:diva-19604 (URN)
Conference
EUFIN 2012, The 8th Workshop on European Financial Reporting, Prague, Czech Republic, 6-7 September, 2012
Available from: 2012-09-13 Created: 2012-09-13 Last updated: 2018-03-22Bibliographically approved
Ulvenblad, P., Blomkvist, M. & Winborg, J. (2011). Academic entrepreneurship: the structure of incubator management and best practice reported on Swedish business incubators websites. International Journal of Entrepreneurship and Small Business, 12(4), 445-458
Open this publication in new window or tab >>Academic entrepreneurship: the structure of incubator management and best practice reported on Swedish business incubators websites
2011 (English)In: International Journal of Entrepreneurship and Small Business, ISSN 1476-1297, E-ISSN 1741-8054, Vol. 12, no 4, p. 445-458Article in journal (Refereed) Published
Abstract [en]

The aim of this paper is to describe the extent and content of information regarding incubator management structure, selection, support and network mediation on Swedish incubators websites and analyse connections between how different incubator management structure have an impact on the content of incubator best practice. The data is based on information reported on 44 incubator websites in Sweden processed within the SPSS system. The findings show that incubators with more male representation in board and coach/advisor personnel report a more active part in business support including network mediation.

Place, publisher, year, edition, pages
Olney: InderScience Publishers, 2011
Keywords
Academic entrepreneurship, Incubator best practice, Incubator management, Sweden, Websites
National Category
Business Administration
Identifiers
urn:nbn:se:hh:diva-4814 (URN)10.1504/IJESB.2011.039685 (DOI)2-s2.0-79954575096 (Scopus ID)
Available from: 2010-06-16 Created: 2010-06-16 Last updated: 2018-03-23Bibliographically approved
Hansson, A., Blomkvist, M. & Ulvenblad, P. (2011). Akademiskt nyföretagande. In: Eva Blomberg, Gun Hedlund & Martin Wottle (Ed.), Kvinnors företagande - Mål eller medel?: (pp. 215-243). Stockholm: SNS förlag
Open this publication in new window or tab >>Akademiskt nyföretagande
2011 (Swedish)In: Kvinnors företagande - Mål eller medel? / [ed] Eva Blomberg, Gun Hedlund & Martin Wottle, Stockholm: SNS förlag, 2011, p. 215-243Chapter in book (Refereed)
Place, publisher, year, edition, pages
Stockholm: SNS förlag, 2011
Keywords
Företagare, Akademiker
National Category
Social Sciences
Identifiers
urn:nbn:se:hh:diva-16306 (URN)978-91-86203-86-3 (ISBN)
Available from: 2011-09-22 Created: 2011-09-22 Last updated: 2018-03-22Bibliographically approved
Blomkvist, M. (2011). Entreprenörer som redovisare: Bokslutsprocessen i Gasellföretag. Stockholm: FAR Akademi
Open this publication in new window or tab >>Entreprenörer som redovisare: Bokslutsprocessen i Gasellföretag
2011 (Swedish)Book (Other (popular science, discussion, etc.))
Place, publisher, year, edition, pages
Stockholm: FAR Akademi, 2011. p. 79
National Category
Business Administration
Identifiers
urn:nbn:se:hh:diva-16008 (URN)978-91-86245-54-2 (ISBN)
Note

Till grund för framställningen ligger författarens avhandling: Entreprenörer som redovisare : bokslutsprocessen i Gasellföretag, 2008

Available from: 2011-08-29 Created: 2011-08-29 Last updated: 2018-03-22Bibliographically approved
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