Browsing by Title
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Astrup Jensen, Bjarne (København, 2004)[More information][Less information]
Abstract: We describe the background and the basic funding mechanisms for the type of adjustable rate mortgage loans that were introduced in the Danish market in 1996. Each loan is funded separately by tap issuing pass-through mortgage bonds ("strict balance principle"). The novelty is a funding mechanism that uses a roll-over strategy, where long term loans are funded by sequentially issuing short term pass-through bonds, and the first issuer of these loans obtained a patent on the funding principles in 1999. Publicly available descriptions of the principles leave an impression of very complicated numerical algorithms. The algorithms described here show that the essentials can be reduced to a "back of an envelope" complexity. Keywords: Adjustable rate mortgages, balance principle, patent, yield curve riding URI: http://hdl.handle.net/10398/7173 Files in this item: 1
endeligt_wp_2004_11.pdf (244.1Kb) -
The Case of Chinese Indonesian EntrepreneursKoning, Juliette (København, 2006)[More information][Less information]
Abstract: Two things characterize the ethnic Chinese overseas: their subjection to discrimination and their over-representation (relative to the local people in the place of destination) in self-employment and entrepreneurship (Chan Kwok-bun 2004:xiii). Much has been written on ethnic Chinese firms in Southeast Asia. A major part of the scholarly attention has gone into trying to understand and explain business success. As such the debate has for a long time, in a rather dichotomizing way, been divided into capitalist (profit maximisation) and cultural (personal relationship) explanations as the main drivers for this so-called success. Since the late 1990s the debate has entered a new phase, sometimes referred to as the "revisionist mood‿ enhancing the deconstruction and de-mystification of ethic Chinese businesses. Interestingly enough the debate has been rather quiet on issues of identity and ethnic self-representation. This is where this paper tries to fill a gap. By focusing on the role and meaning of ethnicity and religion (as identity markers) in enterprise development, leadership and management styles, and decision-making and networking I hope to contribute to a better understanding of the significance of "being Chinese overseas‿ and "New-Born Christian‿ in entrepreneurial identity. Empirical case material on several new-born Christian ethnic Chinese entrepreneurs of small and medium sized companies in Indonesia shall be used to explore this delicate relationship. The overtly non-Christian socio-political domination and the contested citizenship position of ethnic Chinese in parts of the region shall be features of the necessary contextual discussion. Keywords: Ethnic Chinese, Indonesia, Entrepreneurship, New Order, Chineseness. URI: http://hdl.handle.net/10398/7392 Files in this item: 1
cdp 2006-005.pdf (294.0Kb) -
Gylling, Morten; Korzen, Iørn (Agay, 2011)[More information][Less information]
Abstract: This paper examines some typological differences in the discourse structure of Italian and Danish. The results of the study indicate that there are significant differences in information packing in the two languages, especially in their use of deverbalisation. Italian sentences tend to include a larger number of Elementary Discourse Units (EDUs), especially propositions, than Danish. A higher percentage of these is rhetorically backgrounded by means of non-finite and nominalised predicates. Danish text structure, on the other hand, is more informationally linear and characteristic of a higher number of finite verbs and topic shifts. The study also suggests that a more fine-grained classification of non-finite and nominalised EDUs is needed for a complete in-depth analysis of discourse constraints in different language families. URI: http://hdl.handle.net/10398/8415 Files in this item: 1
Gylling_Korzen.pdf (124.8Kb) -
a cross-cultural comparison of Elle and Marie ClaireMoeran, Brian (København, 2001)[More information][Less information]
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[More information][Less information]
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Andersen, Kim Normann (Frederiksberg, 2011)[More information][Less information]
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Game piracy activity vs. metacritic scoreDrachen, Anders; Bauer, Kevin; Veitch, Robert W. D. (Frederiksberg, 2011)[More information][Less information]
Abstract: The practice of illegally copying and distributing digital games is at the heart of one of the most heated and divisive debates in the international games environment, with stakeholders typically viewing it as a very positive (pirates) or very negative (the industry, policy makers). Despite the substantial interest in game piracy, there is very little objective information available about its magnitude or its distribution across game titles and game genres. This paper presents a large-scale analysis of the illegal distribution of digital game titles, which was conducted by monitoring the BitTorrent peer-to-peer (P2P) file-sharing protocol. The sample includes 173 games and a collection period of three months from late 2010 to early 2011. A total of 12.6 million unique peers were identified, making this the largest examination of game piracy via P2P networks to date. The ten most pirated titles encompass 5.27 million aggregated unique peers alone. In addition to genre, review scores were found to be positively correlated with the logarithm of the number of unique peers per game (p<0.05). URI: http://hdl.handle.net/10398/8501 Files in this item: 1
drachen_bauer_veitch_2011_2.pdf (165.5Kb) -
Astrup Jensen, Bjarne (København, 1999)[More information][Less information]
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The Pedagogy of the CBS MPA Programme RevisitedRy Nielsen, J.C. (København, 2004)[More information][Less information]
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Skaates, Maria Anne (København, 1997)[More information][Less information]
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'Being Infringed' as a Normatively Induced Innovation Exploitation StrategyReitzig, Markus; Henkel, Joachim; Heath, Christopher (, 2006)[More information][Less information]
Abstract: Patent trolls (or sharks) are small patent holding individuals or firms who trap R&D intense manufacturers in patent infringement situations in order to receive damage awards for the illegitimate use of their technology. While of great concern to management, their existence and impact for both corporate decision makers and policy makers remains to be fully analyzed from an academic standpoint. In this paper we show why patent sharks can operate profitably, why they are of growing concern, how manufacturers can forearm themselves against them, and which issues policy makers need to address. To do so, we map international indemnification rules with strategic rationales of small patent-holding firms within a game-theoretical model. Our central finding is that the courts’ unrealistic consideration of the trade-offs faced by inadvertent infringers is a central condition for sharks to operate profitably. Keywords: Patent, patent shark, patent troll, damage award, infringement JEL Classifications: M00, M11, M21, K00, K11, K33 URI: http://hdl.handle.net/10398/7249 Files in this item: 1
ssrn-id885914.pdf (277.4Kb) -
Rose, Caspar; Lando, Henrik (København, 2000)[More information][Less information]
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[More information][Less information]
Abstract: This paper presents a critique of Freek Vermeulen’s synthesis of rigor and relevance in management research, and argues (1) at the first glance, Vermeulen’s papers are very appealing; (2) but with a closer scrutiny, we can unveil the weak and shaky foundations of his argument; (3) as a consequence, his solution of ‘adding a second loop’ to make management research meet dual needs of rigor and relevance is illusory and merely an applied science fiction; (4) and finally, there are two real contributions of his papers to the irrelevance debate, but they are not like what we might have thought. URI: http://hdl.handle.net/10398/7827 Files in this item: 1
wp2-2009-xl.pdf (223.8Kb) -
A model of trade with several countries where local integration benefits allHansen, Bodil O.; Keiding, Hans (København, 2005)[More information][Less information]
Abstract: For the study of economic integration, it is costumary to use a three countryworld, where two of the countries may introduce forms of closer economic cooperation. In the present model, we follow this tradition but put special emphasis on the role of credit and entrepreneurship. Our model is of the standard neoclassical type, with the addition that production takes time and is subject to uncertainty. Also, firms must use the financial system in order to buy inputs; the cost of credit may differ among countries and industries, reflecting their basic patterns of uncertainty. Following the Newbery-Stiglitz approach, we show that in such model we may exhibit cases of Pareto inferior trade and, in particular, Pareto inferior economic integration. More specifically, we show that integrating countries of very different economic size may give rise to adverse effects on welfare, whereas integration of countries with a more similar economic structure and size tends to have beneficial effects for the parties. Keywords: trade, uncertainty, Pareto inferior trade, regional integration. JEL classification: F11, F15, F34 URI: http://hdl.handle.net/10398/7495 Files in this item: 1
wp4-2005.pdf (124.2Kb) -
Rethinking organisational culture inspired by the "becoming" perspectiveDarmer, Per; Bøgetoft Christensen, Jens (København, 2003)[More information][Less information]
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Lando, Henrik (København, 2004)[More information][Less information]
Abstract: This article compares a set of often used simple contracts or mechanisms in terms of how well they allocate decision rights between two agents over time. A basic assumption is that agents incur a fixed cost each time they renegotiate. The contracts or mechanisms studied are: individual ownership and authority, the first-come first-serve rule, the alternating rule and the sign-up rule. One trade-off that arises is the following: when usage of the asset is flexible in the sense that it does not matter in which period it occurs, agents may rely on obtaining the asset through arriving first at some point, while when an agent needs to time and plan the use of the asset, he or she may wish to hold stronger rights or to use the sign-up rule as a simple form of contracting. (JEL:D10, D23, L22); Keywords: Incomplete contracts, individual ownership,first-come first-serve rule, costly renegotiation. URI: http://hdl.handle.net/10398/6815 Files in this item: 1
wplefic012004.pdf (658.9Kb) -
Gudum, Connie K. (København, 2002)[More information][Less information]
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Drewsen, Merete; Lando, Henrik; Cummins, Tim (København, 2006)[More information][Less information]
Abstract: This is not a theoretical paper but an application of existing law and economic contract theory to the issue of how to draft a specific kind of contract. It is addressed to practitioners and is intended for practical use. It will be part of a Wiki (as in Wikipedia) for contract drafting, which IACCM (International Association for Contract and Commercial Management) has initiated. The main theoretical aspect of the article concerns the application of the value maximization principle (the Coase theorem) to the drafting of confidentiality agreements. While the article is not theoretical, its prescriptions are open to theoretical dispute; this may especially be the case for the section on the size of damages. URI: http://hdl.handle.net/10398/7250 Files in this item: 1
ssrn-id917927.pdf (114.9Kb) -
Product Experimentation in the Music IndustryLorenzen, Mark; Frederiksen, Lars (Frederiksberg, 2005)[More information][Less information]
Abstract: The paper is conceptual, combining project and economic organization literatures in order to explain the organization and management of market-based projects. It dedicates particular focus to projects set up in order to facilitate product innovation through experimentation. It investigates the internal vs. market economies of scale and scope related to projects, as well as the issues of governance, planning and coordination related to reaping such economies. Incorporating transaction cost perspectives as well as considerations of labour markets, the paper explains the management of market-organized innovation projects by virtue of localized project ecologies and local labour markets of leaders and boundary spanners. It illustrates its arguments with a case study of the Recorded Music industry. URI: http://hdl.handle.net/10398/7881 Files in this item: 1
DRUID_05_23.pdf (174.4Kb) -
a stylished model for Egypt with some numerical policy examplesRisager, Ole; Yang, Chang-Po (København, 1999)[More information][Less information]
Abstract: This paper analyzes the consequences of pursuing a less activist Government employment stabilization policy strategy in Egypt. On the basis of a fairly stylized model we find that a reduction of the Government’s involvement in the economy along with an introduction of mild but binding firing regulations in the private sector may lead to a rise in total employment and to an improvement in Egypt’s trade balance vis-à-vis the rest of the world. URI: http://hdl.handle.net/10398/7659 Files in this item: 1
1999_3.pdf (84.99Kb)