A new research paper by Thomas Toldbod, Thomas Borup Kristensen together with a co-author from Aalborg University has been published in Accounting and Business Research. In the paper titled "Examining an expanded repertoire of finance functions: Effects on performance and the moderating role of environmental uncertainty” we explore how the finance functions support organizational value creation. Surveying more than 400 of the largest Danish companies, we find that a finance function that can take on a variety of roles – compared to only a subset of roles - is better able to provide the organization with the right activities at the right time and with the right quality and this then drives financial performance.

The paper can be found via this link: https://doi.org/10.1080/00014788.2023.2267443