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Toward a Dynamic Property Rights PerspectiveFoss, Kirsten; J. Foss, Nicolai (København, 1998)[More information][Less information]
Abstract: We discuss the relations between alternative conceptualizations of the market process - neoclassical, Austrian and radical subjectivist/evolutionary - and alternative approaches to economic organization, for example, nexus of contract theory, Williamsonian transaction cost economics and the dynamic transaction cost approach of Langlois and Robertson. We argue that there is a distinct need for more firmly grounding theories of economic organization in theories of the market process, and that key ideas of the more dynamic conceptualizations of the market are likely to substantially enrichen the theory of economic organization. URI: http://hdl.handle.net/10398/8102 Files in this item: 1
8778730511.pdf (91.48Kb) -
Some Indications of Rule-followingJukka Kaisla, Jukka (København, 1998)[More information][Less information]
Abstract: This paper examines the nature of genuine uncertainty and rule-following behaviour and suggests some implications for the theory of the firm. The firm is seen here as emerging as a means to manage some of the experienced uncertainty. The nature of the firm is perceived as an evolving institution creating predictability both inside the firm and in the market. But because of the spontaneous nature of life-world, social processes remain open-ended. This subjectivist perspective cannot assign any particular premeditated purpose to the spontaneous order which emerges through the market process. The process is not kaleidic but nor is it considered to be moving toward increasing efficiency either. Rules and institutions provide predictability to the extent that novelties can be introduced to the process. Discoveries do not, however, only introduce new outcomes in the market process, they also change the rules of the game. URI: http://hdl.handle.net/10398/8100 Files in this item: 1
x645024235.pdf (72.83Kb) -
Foss, Nicolai Juul (København, 1998)[More information][Less information]
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an explanationPatibandla, Murali; Phani, B.V. (København, 2001)[More information][Less information]
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Promoting Rule Compliance and Good Governance PracticeGregoric, Aleksandra; Zajc, Katarina; Simoneti, Marko (København, 2007)[More information][Less information]
Abstract: The paper re-examines the concerns on the rule-based governance in poor institutional environment. By relying on the theories and research vehicles of social psychology, we show that under certain conditions, the ‘law on books’ may still play role in governing market transactions, even though no formal enforcement applies. We furthermore expose the potential of the Corporate Governance Code as the ‘signaling device’ and provide arguments as to why this potential may be even stronger in an environment with relatively weak institutions in comparison to the developed market economies. URI: http://hdl.handle.net/10398/6531 Files in this item: 1
wp9-2007.pdf (234.5Kb) -
Constructing and Organizing Biogas Markets Amid Fragility and ControversyBuchhorn, Adam (Frederiksberg, 2010)[More information][Less information]
Abstract: This research project examines markets for biogas plants in Denmark, referred to simply as biogas markets, as a fragile and controversial process of framing and organizing by analyzing how unexpected events, called ‘overflows’, and controversies influence how markets frame biogas plants as a valuable economic good and ensure biogas plants are implemented through market transactions. Without well-constructed and well-organized markets these fundamental economic functions cannot take place. The overarching argument of the project is that to realize changing technical, political, and socio-economic intentions of biogas the market must be framed and organized to reframe and solve overflows and controversies that characterize biogas markets in Denmark. Otherwise, what we end up with are ‘markets of good intentions’. Although they are rarely predicted and constitute the robustness as well as the source of the inevitable fragility and controversy of the market, it is essential to the framing of biogas plants as a valuable commodity and the completion of transactions, that overflows and controversies are addressed and internalized into the market assemblage. This involves identifying and rendering them debatable based on the calculations and other elements that underpin the alleged value of biogas and the actions of market actors... URI: http://hdl.handle.net/10398/8048 Files in this item: 1
Adam_Buchhorn.pdf (5.390Mb) -
Møllgaard, Peter; Overgaard, Per Baltzer (København, 2001)[More information][Less information]
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how institutional contexts matterHouman Andersen, Poul; Jesper, Norus (København, 2003)[More information][Less information]
Abstract: The paper has a dual purpose. First, we suggest that entrepreneurs in their establishment of new businesses draw on a range of pre-existing socially embedded routines for creating acceptance by their environment. Also they draw upon external resources that are used in patterning specific practices. This ability is treated as entrepreneurial assets. Secondly, we argue that the existence and patterning of these socially embedded routines used in new business development are contingent on the institutional context. We see the institutional context as complex and fragmented, composed and shaped by different institutional domains: the normative, the cognitive and the regulatory domain. URI: http://hdl.handle.net/10398/6724 Files in this item: 1
working paper 2003 no.11.pdf (369.8Kb) -
Hansson, Finn (København, 2008)[More information][Less information]
Abstract: Det er vanskeligt i dagens samfund ikke at betragte udtrykket ”den uhyre vareophobning” som Marx i Kapitalens første kapitel (1970 1.1: 128/49)i bruger som det mest sigende udtryk for den samfundsmæssige rigdom, som en endog meget beskeden forudsigelse af en eksplosiv udvikling, som vi ser her fuldt udfoldet godt 150 år senere. Kapitalforholdets eksplosive dynamik, som Marx analyserede i sin vorden, har nu vist sig i sin fuldt udfoldede globale dynamisk, hvor dagens kapitalisme har bredt sig til alle områder i samfundet og alle dele af kloden. Debatten herom har dog i lang tid været præget af en række summariske og empirisk ufuldstændige antagelser om, hvad der er det unikt nye i dagens kapitalisme, ofte efterfulgt af en nærmest apriorisk afvisning af Marx' kritik som relevant for en kritisk forståelse af dagens kapitalisme. I modsætning til dette vil denne artikel undersøge om de modsætninger og problemer, som den nye kapitalisme skaber for lønarbejderne og se nærmere på om de med fordel kan analyseres ved at gå tilbage og videreudvikle de bidrag til analyse af det moderne lønarbejde under kapitalismen, som vi finder hos Marx og hermed bidrage til en systematisk samfundskritik af vilkårene for det moderne lønarbejde. URI: http://hdl.handle.net/10398/6433 Files in this item: 1
wp2-2008.pdf (85.05Kb) -
Becker, Lise (København, 2006)[More information][Less information]
Abstract: This article contributes to the emerging body of work in organisational theory that seeks to include materiality in conceptualising processes of organizing (e.g. Law, 1994; Doolin, 2003; Czarniawska and Gustavsson, 2004; Dale, 2005). Using the four largest multinational oil companies’ green transition towards renewable energies as a case the article integrates material aspects into the theory on the narration of organisational identities. Following Czarniawska (1997) the concept of organisational identity is viewed as an evolving organisational narrative. Following Law (1994) this organisational narrative is then conceptualised as a socio-technical narrative. The article describes how oil related technologies and their accompanying symbolic meaning and technical oil related standards can be conceptualised as part of the enduring aspects in oil companies’ organisational identities. The article concludes to that end that both social and material aspects add to the endurance of organisational identities. Key words. Identity narration; materiality; greening of oil companies; climate change. URI: http://hdl.handle.net/10398/6701 Files in this item: 1
wp2007-001.pdf (121.3Kb) -
Lessons to be learned from the "hidden” committees of the Nordic Council of MinistersNedergaard, Peter (København, 2006)[More information][Less information]
Abstract: In spite of their long history and extensive activities, the international committees of the Nordic Council of Ministers have not hitherto been subject to scholarly examination. This paper demonstrates that valuable lessons can be learned about policy learning in practise and theoretically by analysing the cooperation in the committees of the Nordic Council of Ministers. Using the Advocacy Coalition Framework as the starting point, fifteen hypotheses on policy learning are tested. Among other things, it is concluded that in order to maximise policy learning in international committees, committees should avoid fragmentation into coalitions, be open to public opinion, participants in committees should be driven by a sense of purpose rather that material interest, empirical data should be made available to committees, a neutral presidency should be present in order to act as an authoritative persuader, and neutral scientists should participate, although not necessarily scientists from consultancy firms. URI: http://hdl.handle.net/10398/7353 Files in this item: 1
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la Cour, Lisbeth; Møllgaard, Peter (København, 2002)[More information][Less information]
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Pedersen, Torben; Sharma, Deo; Petersen, Bent (København, 2001)[More information][Less information]
Abstract: This large-scale study explores the performance implications of different combinations of knowledge sourcing and transfer mechanisms of multinational corporations (MNCs). The focus is on transfer of internationalization knowledge. After having acquired knowledge in foreign markets, the MNCs face a choice as to the mechanism used for transferring this knowledge to other units of the corporation. MNCs can use "rich communication media" that are able to transfer experiential knowledge as acquired originally. Alternatively, the MNCs may aim to codify the knowledge in written media in order to transfer it to other units. A wrong choice of transfer mechanism may result in unnecessarily high communication costs or impaired quality of the knowledge subject to transfer. On the basis of data on Danish MNCs the performance implications of the transfer mechanism choice is examined. URI: http://hdl.handle.net/10398/6890 Files in this item: 1
linkwp01-6.pdf (177.2Kb) -
a review of some portfolio selection criteria of Elton, Gruber and PadbergAstrup Jensen, Bjarne (København, 2001)[More information][Less information]
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Hotho, Jasper J. (, 2009)[More information][Less information]
Abstract: Three varieties of institutionalism currently dominate International Business studies: new institutional economics, new organizational institutionalism, and comparative historical institutionalism. Yet currently applied measures of institutional country distance predominantly build on the thought of the first two strands of institutionalism. This paper sets out to address this underrepresentation of comparative historical institutional thought in currently available measures of institutional distance. Building on Whitley’s business systems framework, a measure of institutional distance is developed and validated which captures intrinsic, substantive institutional differences in economic organization, rather than differences in institutional effectiveness. The results of the two-stage cluster analysis used to validate the selected indicators closely approximate the business systems typology, which is both indicative of the validity of this measure and of the distinctiveness of the business system types that make up the business system framework. URI: http://hdl.handle.net/10398/7946 Files in this item: 1
SMG WP 2009-07.pdf (975.7Kb) -
A Time Series Analysis of Eight Sectors, 1984-2012Citi, Manuele; Justesen, Mogens K. (Frederiksberg, 2013)[More information][Less information]
Abstract: Over the last three decades, EU regulation of the internal market has become highly pervasive, affecting practically all the domains of European citizens’ lives. Many studies have focused on understanding the process and causes of regulatory reform. However, these have typically been small-scale or small-n studies, with no or limited attempts to analyse the more general sources of regulatory reform. In this paper, we focus on the determinants of stability and change in EU regulation. We develop an original dataset of 169 pieces of legislation (regulations, directives and decisions) across eight different sectors, and analyse the dynamics of regulatory reform in the EU. Using time series analysis of count data, we find evidence that the number of winning coalitions in the Council and the size of EU membership have a significant impact on regulatory reform in the EU. However, the political (left-right) composition of EU’s legislative bodies has no significant impact on the process of regulatory reform. URI: http://hdl.handle.net/10398/8835 Files in this item: 1
Citi_Justesen.pdf (296.6Kb) -
an empirical validation of the HED/UT scaleHeijden, Hans van der; Sangstad Sørensen, Lotte (København, 2002)[More information][Less information]
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Riis Christensen, Sverre (København, 2004)[More information][Less information]
Abstract: Consumers reactions from being exposed to sponsorships has primarily been measured and docu-mented applying cognitive information processing models to the phenomenon. In the paper it is argued that such effects are probably better modelled applying models of peripheral information processing to the measurements, and it is suggested that the effects can be measured on the atti-tudes-towards-the sponsor and on the emotion-towards-the sponsor levels. This type of modelling is known as the ELAM model, however the types of independent variables involved is new to research into sponsorship effects. Two batteries of statements, attitude words and feeling words, are developed and a study is carried out with 470 respondents, randomly selected from the population. The data are analysed and pro-vide expressions of positive and negative attitude reaction and emotional reaction that show marked differences in consumer reactions towards sponsored objects of different natures as well as towards potential sponsoring organisations. For instance, the charitable institutions measured in the study elicit larger negative emotional re-sponses than positive responses, corresponding to a negative Net Emotional Response Score (NERS). Amongst the potential sponsoring companies only one company – a tobacco manufacturer – show this profile in NERS. The variation in NERS between charitable institutions and sports insti-tutions is quite dramatic – and has a high face validity. When studying attitude responses (Net Atti-tude Response Score or NARS), the differences between sponsored institutions are much smaller, although the charitable institutions still show a structurally different profile from the cultural and sports institutions. The differences between companies in NARS are quite small and probably only significant in a few instances. The NERS and NARS data are used to illustrate a "goodness-of-fit�? measurement that companies – or organisations looking for sponsors – can use to determine whether a potential arrangement has the ability to provide the desired effects on reactions. This goodness of fit is both applied to the net scores and to the full evaluations on the attitude and emotion batteries and it seems as if the latter approach will be richer in explanatory power for a potential sponsor. URI: http://hdl.handle.net/10398/6635 Files in this item: 1
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Colleoni, Elanor; Arvidsson, Adam; Hansen, Lars K.; Marchesini, Andrea (Frederiksberg, 2011)[More information][Less information]
Abstract: In recent years, new digital media have become important for social networking and content sharing. Due to their large diffusion, social media platforms have also both increased the strategic importance of managing corporate reputation and rendered this more difficult. Companies are increasingly apprehensive about information and opinions that can spread through online communities rapidly without any control. While social media platforms increase the power of stakeholders, they also represent a large-scale source of information about feelings, opinions and sentiments of people that allow us to measure and monitor reputation through the analysis of user generated content in real-time. In this paper, we show how social media content can be used to measure the online reputation of a company. Furthermore, we present an open platform that uses a sentiment analysis algorithm on twitter traffic to monitor the real time evolution of company reputation. URI: http://hdl.handle.net/10398/8730 Files in this item: 1
Colleoni_Arvidsson_Hansen_Marchesin.pdf (384.8Kb) -
Holvad, Torben; Hougaard, Jens Leth; Kronborg, Dorte; Kvist, Hans Kurt (København, 2002)[More information][Less information]