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An Exploratory Discussion of Austrian Economics, Property Rights, and the FirmFoss, Kirsten; Foss, Nicolai J. (København, 2001)[More information][Less information]
Abstract: Many economists, notably Austrian economists, have argued that the market process is essentially an experimental process. We briefly try to clarify this conceptualization, and then argue that we may understand the firm in much the same light. A basic view of the firm as an experimental entity is derived, drawing on property rights insights. JEL Code: D21, D23, D83 URI: http://hdl.handle.net/10398/6929 Files in this item: 1
linkwp01-10.pdf (231.2Kb) -
The Role of FirmsFoss, Kirsten , Nicolai J. Foss (København, 1999)[More information][Less information]
Abstract: Many economists, including Austrian economists, have argued that the market process is essentially an experimental process. We briefly try to clarify this conceptualization, and then argue that we may understand the firm in much the same light. A basic view of the firm as an experimental entity is derived, drawing on property rights insights. URI: http://hdl.handle.net/10398/8089 Files in this item: 1
8778730759.pdf (82.95Kb) -
Houman Andersen, Poul (København, 1998)[More information][Less information]
Abstract: Technological knowledge is often claimed to be context-bound and sticking to local surroundings. This paper investigates how technological knowledge can be exchanged in international subcontractor relationships, using relationship-oriented organizational practices. Five hypotheses concerning such practices are tested. It is shown that the use of relationshiporiented practices varies with exports and the active development of subcontractors in product and process development activities. Moreover, international development-oriented subcontractors are more likely to use interpersonal exchange, electronic data interchange and formalized contracts than other types of subcontractors. Research implications as well as managerial implications are derived. URI: http://hdl.handle.net/10398/8104 Files in this item: 1
x645030413.pdf (188.9Kb) -
past and future directionsFüssel, Lanni (København, 2003)[More information][Less information]
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Competency and Change in Public Sector Work PracticesHull Kristensen, Peer; Bojesen, Anders (København, 2005)[More information][Less information]
Abstract: This paper invites to discuss the processes of individualization and organizing being carried out under what we might see as an emerging regime of change. The underlying argumentation is that in certain processes of change, competence becomes questionable at all times. The hazy characteristics of this regime of change are pursued through a discussion of competencies as opposed to qualifications illustrated by distinct cases from the Danish public sector in the search for repetitive mechanisms. The cases are put into a general perspective by drawing upon experiences from similar change processes in MNCs. The paper concludes by asking whether we can escape from a regime of competence in a world defined by a rhetoric of change and create a more promising world in which doubt and search serve as a strategy for gaining knowledge and professionalism that improve on our capability for mutualism. URI: http://hdl.handle.net/10398/7376 Files in this item: 1
organizing process.pdf (581.6Kb) -
The Case of Copenhagen Business SchoolStenvinkel Nilsson, Ole (Frederiksberg, 2012)[More information][Less information]
Abstract: Program QA at Copenhagen Business School (CBS) faces two major challenges; (1) large number of different programs, and (2) decentralized organisation of the program area. CBS has more than 60 programs in the portfolio, each managed by an autonomous Study Board. The paper demonstrates how CBS has addressed these challenges in a quality policy based on two main elements. Standards and Guidelines for day to day quality operations are combined with recurrent 5 year cycle peer reviews of every program. It is demonstrated how optimal use of existing information from various sources can be combined to provide a parsimonious picture of program performance, without putting too much burden on program managers. Both external and internal peer reviewers are used in order to create dialogue, mutual inspiration, increased alignment across programs, and balance between formative development and summative assessment. Early experiences with implementation of the QA system are discussed. URI: http://hdl.handle.net/10398/8517 Files in this item: 1
Stenvinkel_Nielsson_2012_1.pdf (142.2Kb) -
A Coordination Perspective on the FirmFoss, Kirsten (København, 2000)[More information][Less information]
Abstract: This paper develops a coordination perspective on the firm. The basic idea is to combine insights in the division of labor with insights into the allocation of property rights. Thus, a basic argument is that use rights over productive assets are necessary in order to accumulate the experience needed to perform improvements in production. Specialization in production accelerates the accumulation of skills from learning by doing in production. However, specialization introduces greater complexity and new kinds of tools and equipment and this in turn create uncertainty about the best way of coordinating the specialized and interdependent activities. The result may be bottlenecks in production and uneven development of components. Experimenting with the coordination of tasks is necessary in order to eliminate these problems. However, such experimentation is best facilitated by a certain structure of property rights. Coordination by direction provides a cheap way of conducting the experiments needed to collect information on how best to coordinate interdependent activities. URI: http://hdl.handle.net/10398/6919 Files in this item: 1
linkwp12.pdf (237.1Kb) -
Experiences from SingaporeOoi, Can-Seng (København, 2005)[More information][Less information]
Abstract: This paper draws inspiration from Edward Said’s orientalism, and examines how the three National Museums of Singapore – the Singapore History Museum, the Singapore Art Museum and the Asian Civilizations Museums – are orientalized. The process is mediated through the museums’ close links to tourism promotion in the city-state. The tourism authorities in Singapore have found that the city destination has become too modern and western for many tourists, and the destination has embarked on a campaign to make Singapore more oriental. The creation of the museums is one strategy to orientalize Singapore; these museums assert different layers of Singapore’s oriental identities. Each museum appropriates the tourist orientalist imagination in different ways. This paper argues that the orientalist imagination can be understood as a set of knowledge resources for the construction of local identities to enhance a destination’s uniqueness and attractiveness. Besides reviewing Said’s orientalism, this paper visits criticisms of the theory, within the context of the orientalization process of museums in Singapore. Keywords: orientalism, Singapore Art Museum, Singapore History Museum, Asian Civilizations Museum, Singapore tourism. URI: http://hdl.handle.net/10398/7399 Files in this item: 1
cdp05-01-csooibibl.pdf (170.2Kb) -
An Entrepreneurial Theory of Economic OrganizationKlein, Peter G.; Foss, Nicolai J.; Foss, Kirsten (København, 2006)[More information][Less information]
Abstract: Recent work links entrepreneurship to the economic theory of firm using the Knightian concept of entrepreneurship as judgment. When judgment is complementary to other as-sets, and these assets or their services are traded in well-functioning markets, it makes sense for entrepreneurs to hire labor and own assets. The entrepreneur’s role, then, is to arrange or organize the human and capital assets under his control. We extend this Knightian concept of the firm by developing a theory of delegation under Knightian uncertainty. What we call original judgment belongs exclusively to owners, but owners may delegate a wide range of decision rights to subordinates, who exercise derived judgment. We call these employees "proxy-entrepreneurs," and ask how the firm’s or-ganizational structure — its formal and informal systems of rewards and punishments, rules for settling disputes and renegotiating agreements, means of evaluating perform-ance, and so on — can be designed to encourage forms of proxy-entrepreneurship that increase firm value while discouraging actions that destroy value. Building on key ideas from the entrepreneurship literature, Austrian economics, and the economic theory of the firm we develop a framework for analyzing the tradeoff between productive and de-structive proxy-entrepreneurship. We link this analysis to the employment relation and ownership structure, providing new insights into these and related issues in the eco-nomic theory of the firm. Keywords: Judgment, entrepreneur, delegation, employment relation, ownership. JEL Codes: B53, D23, L2 URI: http://hdl.handle.net/10398/7452 Files in this item: 1
smg 2006-48.pdf (368.6Kb) -
Mikkelsen, Line; Hardt, Daniel; Ørsnes, Bjarne (Frederiksberg, 2011)[More information][Less information]
Abstract: Overt VP anaphors like do so, do it and do the same can host a following PP (Culicover & Jackendoff (2005:285–6), Huddleston & Pullum (2002:1533), Miller (2011:5–6), Sobin (2008:150, 155–157)): (1) The House is set to take up the final version of the funding bill tomorrow. The Senate will do the same on Thursday. [COCA] (2) You have jilted two previous fiances and I expect you would do the same to me. [COCA] Using (1) to fix terminology, the ANAPHOR is do the same, the ANTECEDENT is take up the final version of the funding bill, the ORPHAN is on Tuesday, and the CORRELATE is tomorrow. Examples like (2) are of particular interest because the correlate (two previous fiances) is inside the antecedent and, consequently, the orphan and the antecedent must interact to produce the interpretation of the clause containing the anaphor. In order to arrive at the interpretation ‘you would jilt me’, the me of the orphan must take the place of two previous fiances inside the antecedent VP. A superficially similar situation arises with remnants of ellipsis, including pseudogapping (3), sluicing (4), and fragment answers (5). In each case, the interpretation of the ellipsis clause combines part of the antecedent with all or part of the remnant. (3) I wouldn’t say that to my mother, but I would to you. (4) I know he gave the dresser away, but I don’t know to who. (5) Q: Who did he give the dresser to? A: To me. URI: http://hdl.handle.net/10398/8469 Files in this item: 1
mikkelsen_hardt_oersnes_2011.pdf (136.1Kb) -
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Koskela, Erkki; Poutvaara, Panu (København, 2008)[More information][Less information]
Abstract: We evaluate the effects of international outsourcing and labor taxation on wage formation and equilibrium unemployment in dual labor markets. Outsourcing promotes wage dispersion between the high-skilled and low-skilled workers. Higher domestic low-skilled wage tax, higher payroll tax and lower wage tax exemption increase optimal outsourcing. Outsourcing will reduce equilibrium unemployment of low-skilled workers both in the presence and absence of labor taxation. In the presence of outsourcing, wage tax, tax exemption and payroll tax have an ambiguous effect on equilibrium unemployment. Increasing the degree of tax progression decreases the wage rate and increases the demand of low-skilled workers. URI: http://hdl.handle.net/10398/7697 Files in this item: 1
dp 2008-09.pdf (203.0Kb) -
Lessons from EstoniaKhoury, Sarkis Joseph; Wihlborg, Clas (København, 2005)[More information][Less information]
Abstract: The literature on Currency Boards (CB) stops at the water edge in terms of dealing with the totality of the functions of a central bank. Monetary policy, and banking supervision can be "outsourced" in an open economy with substantial foreign direct investment (FDI) in the banking sector if political nationalism does not trump economic rationality. An orthodox CB renders the central banking function redundant in terms of interest rate and exchange rate determination. FDI in banking could perform the same role for the supervisory function of central banks. We use the case of Estonia to illustrate the feasibility of, and constraints on, outsourcing of central bank functions. A brief discussion of the Argentinian experience is used for contrast. Key words: Currency Board, Foreign Banks, Supervision, Regional Integration,outsourcing. URI: http://hdl.handle.net/10398/7168 Files in this item: 1
wplefic032005.pdf (270.1Kb) -
Towards a developing country firm perspectiveSchaumburg-Müller, Henrik; Pottenger, Eugene; Hansen, Michael W. (København, 2007)[More information][Less information]
Abstract: Changes of the global economy have led to a much deeper integration of firms from developing countries. Multinational corporations are increasingly using offshore-outsourcing to maintain competitiveness and market shares. While the implications of this trend has been studied from the point of view of the multinational firm and its home economy, far less attention has been paid to the developing country firm participating in the outsourcing arrangement and its strategic options. From this point of view this paper reviews the outsourcing literature and identifies theoretical contributions that can be employed to build a platform for analyzing the strategic implications of outsourcing for local firms in developing countries. URI: http://hdl.handle.net/10398/6758 Files in this item: 1
wps-2007_no.4.pdf (220.9Kb) -
Bennedsen, Morten; Schultz, Christian (København, 2003)[More information][Less information]
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Theory and evidenceHansen, Michael W. (København, 2008)[More information][Less information]
Abstract: Indian outward foreign direct investment (FDI) has risen dramatically in recent years. This reflects that Indian multinational corporations (MNCs) are asserting an increasingly important role in the global economy, not only as resource and market seekers in less developed countries, but increasingly competing on par with western MNCs in their home markets. When we confront the Indian outward FDI path with theories of outward foreign direct investment from developing countries, a number of puzzles and anomalies becomes evident: Normally, we would expect strong inward FDI performance to precede strong outward FDI performance, however in India the rise in outward FDI has been almost simultaneous with the rise in inward FDI; Normally, we would expect developing country MNCs to invest in like or less developed countries, however Indian MNCs have in a rapid sequence moved into developed economies; Normally, we would expect developing country MNCs to be operating with less advanced technologies and business models, however Indian MNCs have moved directly into FDI in advanced sectors and technologies. This paper will offer a number of explanations for the unique Indian outward investment path, explanations that take their point of departure in the idiosyncratic nature of Indian industrialization. URI: http://hdl.handle.net/10398/6754 Files in this item: 1
wps-2007_no.8.pdf (248.0Kb) -
reducing employee computer crime through Situational Crime PreventionWillison, Robert; Siponen, Mikko (København, 2006)[More information][Less information]
Abstract: Employee computer crime represents a substantial threat for organisations. Yet information security researchers and practitioners currently lack a clear understanding of how these crimes are perpetrated, which, as a consequence, hinders security efforts. We argue that recent developments in criminology can assist in addressing the insider threat. More specifically, we demonstrate how an approach, entitled Situational Crime Prevention, can not only enhance an understanding of employee computer crime, but also strengthen security practices which are designed to address this problem. URI: http://hdl.handle.net/10398/6456 Files in this item: 1
11_2006.pdf (167.9Kb) -
Industry Involvment in the Development of Energy RegulationsGeorg, Susse; Garza de Linde, Gabriela; Schweber, Libby; Sexton, Martin (Frederiksberg, 2011)[More information][Less information]
Abstract: The 2002 European Union (EU) directive on the energy performance of buildings (Directive 2002/91/EC) set minimum standards on the energy performance of new buildings and existing buildings. It also indicated that these would be subject to periodic renovation. In some countries the directive supported policymakers in their bid for national commitments to carbon reduction. In others, it affirmed existing commitments. In most countries, it informed the ongoing reformulation of building regulations. This paper explores energy related developments in building regulations for new housing in Denmark (DK) and the United Kingdom (UK). The interest of the comparison lies in similarities in the type of changes introduced into the regulations and differences in industry responses. URI: http://hdl.handle.net/10398/8406 Files in this item: 1
Susse_Georg_2.pdf (97.79Kb) -
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Abstract: De faglige kilder er betydningsfulde for oversætteren af faglige tekster, fordi man her ser, hvordan fagfolk opfatter 'verden' og udtrykker sig, når de kommunikerer med hinanden. Når ingeniøren modtager en tekst, en oversættelse eller en tekst komponeret af sprogmedarbejderen, forventer han, at den giver mening og har nogenlunde samme sproglige karakteristika som de autentiske tekster, han plejer at læse; oversættere skal ikke være eksperter på det faglige indhold, men må kunne formidle det uden forvrængning. Sprogmedarbejderen må konsultere faglige tekster på kilde- og målsprog efter behov. Vi ved, at ikke alle fagfolk er lige sprogbevidste, og derfor er det vigtigt at sammenholde kilderne for at konstatere uoverensstemmelse eller diskrepans med hensyn til faglige eller sproglige forhold, eksempelvis typisk syntaks og kollokationer. Med hensyn til rent sproglige forhold må sprogmedarbejderen naturligvis korrigere. URI: http://hdl.handle.net/10398/6829 Files in this item: 1
arbejdspapirer04.pdf (811.7Kb) -
Med udgangspunkt i støtteverbers leksikaliseringsmønstre i dansk og franskHein, Birgitte (Frederiksberg, 2003)[More information][Less information]
Abstract: Enhver oversætter mellem et germansk sprog som dansk og et romansk sprog som fransk ved, at det ofte er bestemte sproglige konstruktioner, der volder problemer. En af disse konstruktioner består af et støtteverbum og et objekt, der tilsammen danner en semantisk enhed. Da denne konstruktion er hyppigt forekommende, specielt i juridiske og administrative tekster, kan det være af både praktisk og teoretisk værdi at skaffe et klarere billede af, hvordan konstruktionerne idiomatisk opbygges og bruges på de to sprog. Undersøgelsen søger at indskrive sig i en sammenhæng, der vedrører både oversættelse og lingvistisk beskrivelse, ud fra et ønske om at en komparativ beskrivelse skal kunne give en oversætter viden, som han kan bruge i sit praktiske arbejde. De fleste, som har benyttet computer-støttede oversættelser, må være enige i, at det stadig er nødvendigt med kvalificeret menneskelig oversættelse, hvis man skal have en idiomatisk korrekt og brugbart resultat. Der er ganske vist i dag mulighed for computer-støttede ”rå-oversættelser”. Somme tider kan disse oversættelser tjene til for eksempel at give en internetbruger et hurtigt indtryk af indholdet af en web-side på et sprog, som han ikke behersker.... URI: http://hdl.handle.net/10398/8623 Files in this item: 1
Birgitte_Hein.pdf (776.8Kb)