Browsing by Author "Broman, Agnes"

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    Harvesting Value: How ESG Shapes the Future M&A Process for Food and Agricultural SMEs?
    (2024-06-28) Broman, Agnes; Ingemansson, Johanna; University of Gothenburg/Department of Economics; Göteborgs universitet/Institutionen för nationalekonomi med statistik; University of Gothenburg/Department of Business Administration; Göteborgs universitet/Företagsekonomiska institutionen
    The increased focus on ¬¬Environmental, Social, and Governance (ESG) issues, highlights the importance of incorporating these factors into corporate valuation. It is essential for the accomplishment of a valuation that reflects both the value of the enterprise’s operations and its impact on society. Small- and medium sized enterprises (SMEs) play a central role in the Swedish economy and SMEs are the dominant actor in the food and agricultural sector in Sweden. Hence, SMEs transition to a more sustainable community is essential. Utilising the theories of ESG, Mergers and Acquisitions (M&A), Agency Theory, and the Value-increasing and Value-destroying, this study examines how evaluators account for ESG factors in the valuation process. The empirical findings implies that the majority of the respondents do not directly incorporate ESG factors into the financial models. These factors are instead based on subjective judgement and experience. However, some of the respondents account for ESG practices by adjusting the discount rate Weighted Average Cost of Capital (WACC) used in the DCF analysis, or through a market-based multiple approach. Based on the interviews, this thesis provides two suggestions. The first suggestion is to incorporate ESG factors into the discount rate WACC, by adjusting The Market Risk Premium in the Capital Asset Pricing Model (CAPM). Secondly, this study suggests that SMEs in the food and agricultural sector should identify what materiality issues concern their business. The sector’s materiality issues primarily concern GHG Emissions, Energy Management, and Employee Health & Safety. Based on this identification, they should perform a Double Materiality Assessment (DMA).
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    En Studie i Rött – En semiotisk undersökning av Jonathan Yeos porträtt HM King Charles III
    (2025-01-27) Broman, Agnes; University of Gothenburg/Department of Cultural Sciences; Göteborgs universitet/Institutionen för kulturvetenskaper
    The purpose of this study is to investigate the visual representation of the current British monarch based on the red infused royal portrait from 2024 by the artist Jonathan Yeo named HM King Charles III. The questions that will fuel the research is: Which visual elements and symbols are used in the portrait to communicate Charles III’s public royal persona? How does the portrait perform as a visual narrative and what functions do the red colour imply? Drawing on Heinrich Wölfflin’s Principles of Art History as the method of the study and Charles Sanders Peirce’s dynamic semiotic theory of the triadic model of signs, the findings of the study reveal a multifaceted result of how the red colour mirrors inherent British visual language, while also alluding to both ancestral and darker historical themes.