Browsing by Title
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Transaction cost and property rights perspectives on entrepreneurshipStieglitz, Nils; Foss, Nicolai J. (, 2009)[More information][Less information]
Abstract: Entrepreneurs in a competitive economy face three fundamental problems. They need to search for and discover a business opportunity (Kirzner, 1973), evaluate it (Knight, 1921), and then seize the opportunity to reap entrepreneurial profits (Schumpeter, 1911) (Langlois, 2007). The problem that we address is how the ability to exploit business opportunities is influenced by entrepreneurial search and the economic organization of entrepreneurship (Arrow, 1962; Lippman & Rumelt, 2003; Aghion et al., 2005; Foss et al., 2007). In many cases, the discovery for a new business opportunity needs to be motivated by expected gains, since the search and evaluation of business opportunities is a costly, resource-consuming process (Denrell, Fang & Winter, 2003; Nickerson & Zenger, 2004; Foss & Klein, 2005; Teece, 2007; Foss & Foss, 2008).1 We show the critical role of expectations for understanding of the economic organization of entrepreneurship, and argue that transaction cost economics, with its insistence on bounded rationality, but far-sighted contracting offers useful insights and presents rich opportunities for further theoretical and empirical research (cf. also Furubotn, 2002). URI: http://hdl.handle.net/10398/7784 Files in this item: 1
SMG WP 2009-04.pdf (208.1Kb) -
Considering systems risk from the offender’s perspectiveWillison, Robert; Backhouse, James (København, 2005)[More information][Less information]
Abstract: Systems risk refers to the likelihood that an IS is inadequately guarded against certain types of damage or loss. While risks are posed by acts of God, hackers and viruses, consideration should also be given to the ‘insider’ threat of dishonest employees, intent on undertaking some form of computer abuse. Against this backdrop, a number of researchers have addressed the extent to which security managers are cognizant of the very nature of systems risk. In particular, they note how security practitioners’ knowledge of local threats, which form part of such risk, is often fragmented. This contributes to situations where risk reducing efforts are often less than effective. Security efforts are further complicated given that the task of managing systems risk requires input from a number of departments including, for example, HR, compliance, IS/IT and physical security. In a bid to complement existing research, but also offer a fresh perspective, this paper addresses systems risk from the offender’s perspective. If systems risk entails the likelihood that an IS is inadequately protected, this text considers those conditions, within the organisational context, which offer a criminal opportunity for the offender. To achieve this goal a model known as the ‘Crime Specific Opportunity Structure’ is advanced. Focussing on the opportunities for computer abuse, the model addresses the nature of such opportunities with regards to the organisational context and the threats posed by rogue employees. Drawing on a number of criminological theories, it is believed the model may help inform managers about local threats and, by so doing, enhance safeguard implementation. URI: http://hdl.handle.net/10398/6453 Files in this item: 1
10_2005.pdf (413.3Kb) -
internationalization of Danish and Austrian businessesKlinge Jacobsen, Mår; Meyer, Klaus E. (København, 1998)[More information][Less information]
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Vangkilde, Mads (København, 2005)[More information][Less information]
Abstract: Purpose: To incorporate the element of sustainability of advantages into the concept of First-Mover Advantage for analysis on grocery e-commerce. Grocery e-commerce is a relatively unexplored phenomenon in Denmark and I seek to explain this via the concept of FMA. In order to fully understand the complexity of the situation, sustainability of advantages needs to be incorporated into the concept. Design: Via a literature review on the subject of first-mover advantage, uncover the lack of sustainability of advantage. Hereafter construct a framework for analysis based on this literature review and coupled with previous empirical findings on grocery e-commerce. Findings: a) Providing insights into the concept of first- mover advantage, b) sustainability of advantages and c) providing a framework for analysis on advantages sought by acting entrepreneurial. Value: The applicability of the concept of first-mover advantage is very descriptive to date. With this paper and hopefully more to follow, I wish to transform the FMA concepts into a tool for analysis addressing the very crucial element that is not dealt with today – sustainability. Keywords : First-Mover Advantage; e-commerce; grocery industry; sustainability URI: http://hdl.handle.net/10398/6658 Files in this item: 1
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Munk, Claus; Sørensen, Carsten (København, 2000)[More information][Less information]
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The Contingent Value of Networked CollaborationVaarst Andersen, Kristina (Frederiksberg, 2011)[More information][Less information]
Abstract: Co-location of industry professionals often leads to development of collaboration networks, and multiple studies have emphasized the benefits of embedded collaboration. Due to higher levels of trust, embedded collaboration reduces transaction costs and facilitates ready knowledge exchanged. Other studies have pointed to dangers of over-embeddedness. The argument is that too high levels of embeddedness lead to habitual thinking, preferential treatment, and thereby mitigate performance. However, research on the conditions under which embeddedness in different types of collaboration networks primarily yields costs or benefits still leaves much to be investigated.... URI: http://hdl.handle.net/10398/8352 Files in this item: 1
Kristina_Vaarst_Andersen.pdf (2.825Mb) -
Ghiglino, Christian; Tvede, Mich (København, 1999)[More information][Less information]
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Sørensen, Anders (København, 2006)[More information][Less information]
Abstract: Welfare ranking of policy instruments is addressed in a two-sector Ramsey model with monopoly pricing in one sector as the only distortion. When government spending is restricted, i.e. when a government is unable or unwilling to finance the required costs for implementing the optimum policy, subsidies that directly affect investment incentives may generate higher welfare effects than the direct instrument, which is a production subsidy. The driving mechanism is that an investment subsidy may be more cost effective than the direct instrument; and that the relative welfare gain from cost effectiveness can exceed the welfare loss from introducing new distortions. Moreover, it is found that the investment subsidy is gradually phased out of the welfare maximizing policy, which may be a policy combining the two subsidies, when the level of government spending is increased. Keywords: welfare ranking, indirect and direct policy instruments, restricted government spending JEL: E61, O21, O41 URI: http://hdl.handle.net/10398/7581 Files in this item: 1
wp8-2006.pdf (362.5Kb) -
Lando, Henrik (København, 2000)[More information][Less information]
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Lando, Henrik (København, 2008)[More information][Less information]
Abstract: When a court sets standards of due care in a tort or contract case with a view to how the standards will affect future behavior of parties similar to the litigants, it should sometimes realize that only one of the two future parties is likely to become informed of the standards. The standards can then only have a direct effect on the behavior of the informed party, and it may be thought that the court should hold the informed party strictly liable, which maximizes this effect. However, this ignores that the informed party may, although strictly liable, lower her level of care in order to induce the uninformed party to take greater care. In this situation, the negligence rule may do better than strict liability, since the discontinuity of the negligence rule can prevent the informed party from strategically lowering her level of care. Under the negligence rule, optimal standards are sensitive to whether the informed party acts first and to whether she is the injurer or the victim. For both the informed and the uninformed, there are circumstances in which the standard should be higher than first best and other circumstances where it should be lower. URI: http://hdl.handle.net/10398/7221 Files in this item: 1
wp01-2008.pdf (121.8Kb) -
[More information][Less information]
URI: http://hdl.handle.net/10398/6659 Files in this item: 1
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Blomgren-Hansen, Niels (København, 2008)[More information][Less information]
Abstract: In most countries labor is organzed in cooperating skill-speci c unions rather than in industrial unions or separately bargaining skill-speci c unions. Within an extremely simple model of a small open economy facing imperfect competition we show that this way of organizing labor can be explained as the outcome of rational (optimizing) behavior on the part of the unions and the employers. Organizing labor in local industrial cartels (regardless of skill) or a single economy wide cartel results in a real wage level that is inappropriately low both from the point of view of labor and the society as a whole unless labor has close to monopoly power in the wage setting process. Organizing labor in local or economy wide skill-speci c unions may result in a wage level that is too high. In addition, a labor market organized in non-cooperating unions is likely to be unstable. This dilemma calls for a compromise: A cartel of cooperating, independent skill-speci c unions. The degree and the form of the cooperation depend inter alia on the bargaining power of the employer, the number of skills and competing rms and the rigidity with which the unions enforce lines of demarcations. URI: http://hdl.handle.net/10398/7599 Files in this item: 1
wp3-2008.pdf (467.4Kb) -
Bechmann, Ken L.; Løchte Jørgensen, Peter (København, 2002)[More information][Less information]
URI: http://hdl.handle.net/10398/7183 Files in this item: 1
bechmann_optionsafloenning.pdf (212.5Kb) -
Busquets, Javier (Frederiksberg, 2010)[More information][Less information]
Abstract: This thesis is about innovation and power. Human nature has always been expressed by our capacity to innovate and adapt to almost any environment (Bowlby, 1962; Giddens, 1991). In the 20th century, the primary function of business organisations was to invent, produce and commercialise their products and services in different markets. As a matter of fact, business organisations in the last century proved to be the best way of disseminating innovation (Schön, 1971). Currently in the 21st century, there is a call to better understand how new ideas, technology and sources of knowledge are managed, based on the premise that novelty can unfold anywhere and that innovation cannot be considered a linear process consisting of a chain of activities. URI: http://hdl.handle.net/10398/8164 Files in this item: 1
Javier_Busquets.pdf (3.025Mb) -
Consensus, Experientiality and Network Centrality in Transnational GovernanceFolke Henriksen, Lasse (Frederiksberg, 2014)[More information][Less information]
Abstract: When experts with diverse training and experiential backgrounds come together to make binding decisions they face the challenge of finding common ground in the absence of any particular shared abstract body of knowledge or organization specific set of evaluative principles. How does consensus emerge in situations marked by contentious friction? Network theory suggests that connectivity enables orchestration of alignment and coordination across difference. Occupants of strategically central positions in networks can thus be formally identified from the structural characteristics of those positions (White et al. 1976; Burt 1992, 2010; Vedres and Stark 2010). But the formal characteristics of positions only tell us about the potential advantage of occupants. Actual advantage is about mobilizing action from network positions to influence what goes on in the network (Burt 2010, 223ff). What does it take for occupants of advantageous position to take action on specific collective problems in the face of contentious situations? URI: http://hdl.handle.net/10398/8924 Files in this item: 1
Lasse_Folke_Henriksen.pdf (233.1Kb) -
la Cour, Anders (København, 2005)[More information][Less information]
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towards improved research methodologiesMichailova, Snejina; Liuhto, Kari (København, 1999)[More information][Less information]
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Two European Case StudiesVestergaard, Jakob (København, 2003)[More information][Less information]
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Knowledge hollowing-out and knowledge integrationBecker, Markus C.; Zirpoli, Francesco (København, 2003)[More information][Less information]
Abstract: The paper analyses the organization of the new product development process at FIAT from a resource-based perspective. The focus is on organizational resources for integrating dispersed specialist knowledge required in the development of complex products. The analysis shows how the application of a resource-based perspective is able to uncover negative long-term effects of outsourcing on the knowledge base (hollowing out), despite beneficial short-term effects on cost. URI: http://hdl.handle.net/10398/6908 Files in this item: 1
linkwp2003-03.pdf (133.4Kb) -
Gry Knudsen, Line; Bernhard Nielsen, Bo (København, 2008)[More information][Less information]
Abstract: Inter-organizational collaboration is an organizational form that is used by an increasing number of firms to meet a wide range of organizational aims (Hagedoorn 1996; 2002; Narula, 2004; Casson and Mol, 2006). Inter-organizational alliances are a preferred way of sourcing a variety of resources (Eisenhardt and Shonhoven, 1996; Gulati, 1999; Van de Ven and Walker, 1998), and a prominent view of the strategic alliance literature suggests that inter-firm collaboration has a special strength in serving as a mechanism by which a firm can leverage its skills, acquire new competencies, and learn (e.g. Kogut, 1989; Hamel, Doz, and Prahalad, 1989; Huber, 1991; Larsson, Bengtsson, Henriksson, and Sparks, 1998; Lyles, 1988; Powell and Brantley, 1992; Inkpen and Tsang, 2008). As firms collaborate at an increasing rate (Khanna et al, 1998) it becomes still more important to understand how these firms can be instrumental in organizing and governing the various collaborative knowledge processes that take place in alliances. URI: http://hdl.handle.net/10398/7416 Files in this item: 1
smg wp 2008-17.pdf (312.7Kb)