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Dalgaard, Carl-Johan; Schultz, Esben Anton; Sørensen, Anders (Frederiksberg, 2012)[More information][Less information]
Abstract: Is the wage gap between majors in human arts and other fields caused by their education per se? If the educational choice is endogenous, the gap may instead be caused by selection. We document that individuals’ educational choice is correlated with that of older students, and argue that it should not influence wages directly. Exploiting this "cohort dependence" as an instrument for educational choice, our 2SLS estimates show that the hourly wage gap is attributable to selection. However, only half of the gap in annual earnings is explained by selection, whereas the other half is due to lower work hours. URI: http://hdl.handle.net/10398/8521 Files in this item: 1
dalgaard_schultz_sorensen_2012.pdf (476.2Kb) -
Dalgaard, Carl-Johan; Schultz, Esben Anton; Sørensen, Anders (Frederiksberg, 2009)[More information][Less information]
Abstract: Is the wage gap between majors in human arts and other fields caused by the education? If the educational choice is endogenous, the wage gap may instead be caused by selection. We document that individuals’ educational choice is correlated with that of older students and by the concentration of women in their high school. Conditional on high school fixed effects, these characteristics are unlikely to affect post-university wages and are plausible instruments for the educational choice. Our 2SLS estimates reveal that the gap in returns to education is negligible, implying that the wage gap is attributable to selection. URI: http://hdl.handle.net/10398/7989 Files in this item: 1
WP_Dalgaard_Schultz_Sorensen.pdf (417.8Kb) -
Munch, Jakob Roland; Rose Skaksen, Jan; Malchow-Møller, Nikolaj (København, 2008)[More information][Less information]
Abstract: In this paper, we propose and test a novel effect of immigration on the wages of native workers. Existing studies have focused on the wage effects that result from changes in the aggregate labour supply in a competitive labour market. We argue that if labour markets are not fully competitive, the use of immigrants may also affect wage formation at the most disaggregate level – the workplace. Using linked employeremployee data, we find that an increased use of workers from less developed countries has a significantly negative effect on the wages of native workers at the workplace – also when controlling for potential endogeneity of the immigrant share using both fixed effects and IV. Additional evidence suggests that this effect works at least partly through a general effect on the wage norm in the firm of hiring employees with poor outside options (the immigrants). URI: http://hdl.handle.net/10398/7665 Files in this item: 1
wp7-2008.pdf (243.0Kb) -
Meyer, Klaus E.; Tran, Yen Thi Thu; Nguyen, Hung Vo (København, 2005)[More information][Less information]
Abstract: Over the last thirty years, Vietnam evolved from "war after war" to an emerging economy with an attractive foreign investment policy and commitment to a liberalized economy. Although the GDP per capita is still considerably lower than in the Asian Tiger economies, and the institutional framework still reflects inheritances from the central plan system, Vietnam today has a vibrant economy with small businesses springing up at every street corner. Foreign investors have been flogging to Vietnam since the early 1990s, with a new peak of FDI inflow in 2004. This paper reviews the Vietnamese economy, society, culture, and policies towards foreign investment to inform those considering to invest in Vietnam, and to provide some practical advice. URI: http://hdl.handle.net/10398/7101 Files in this item: 1
wp58 doing business in vietnam.pdf (221.8Kb) -
Design, Access and Role of the ResearcherClausen, Lisbeth (København, 2004)[More information][Less information]
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Drejer, Ina; Laursen, Keld (Frederiksberg, 1997)[More information][Less information]
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Cross Functional Integration in the Process of Product InnovationBaunsgaard, Vibeke Vad (Frederiksberg, 2011)[More information][Less information]
Abstract: Integration across departments, functions, and knowledge areas is important for success in the process of product innovation. Research of organizations, whether private or public, demonstrates, however, that cross functional integration is difficult to achieve in praxis. This problem area: Why is cross functional integration – in SMEs – in the process of product innovation so difficult in praxis? – sets up the foundation for this PhD. By focusing on cross functional integration in small- to medium-sized enterprises (SMEs) and by utilizing a qualitative research design in studies of the micro politics of cross functional integration, the PhD makes a novel contribution within an area of research largely overlooked by previous literatures.... URI: http://hdl.handle.net/10398/8325 Files in this item: 1
Vibeke_Vad_Baunsgaard_Summary.pdf (891.8Kb) -
Christoffersen, Jeppe (Frederiksberg, 2011)[More information][Less information]
Abstract: In recent years, we have witnessed multinational enterprises (MNEs) changing strategies to exploit opportunities for division of labor on a global scale (Hansen et al. 2009). In consequence these have received growing interest among researchers and governments as ‘agents of host country economic development’ (Scott-Kennel and Enderwick 2005, p.105). A general consensus of this research is that ‘FDI [Foreign Direct Investment] offers an additional channel for introduction of technology, innovation, new ideas, different organizational practices and new skills to a host country’ (Scott-Kennel and Enderwick 2005, p.112). Another consensus is that these knowledge resources were introduced into the host country through linkages between the MNEs and a local firm and would in the longer term diffuse to other firms through e.g. demonstration effects and labor turnover (Giroud and Scott-Kennel 2009).... URI: http://hdl.handle.net/10398/8332 Files in this item: 1
Jeppe Christoffersen_SUMMARY.pdf (1.138Mb) -
Preliminary Experimental Evidence from Matrilineal and Patriarchal SocietiesBulte, Erwin; List, John A.; Gneezy, Uri; Andersen, Steffen (København, 2008)[More information][Less information]
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Melchior, Marie Riegels (, 2008)[More information][Less information]
Abstract: In terms of dress and fashion Denmark is an example of a West European peripheral country within the international fashion system. Since the Middle Ages, new fashions have found their way to Denmark through the internationally oriented royal family, the purchases of well-traveled citizens, various international and national fashion reports, and the international purchases by local retailers. With varying speed new cuts, colors and styles have impressed themselves upon both the everyday and festive fashions of the Danish wardrobe. The same foreign influence applies to local fashion production. Design, craftsmanship and technology has through time been shaped under influences from abroad. But these international influences have not undermined the recurring idea of a particular Danish dress and fashion culture. In the middle of the 19th century the prevailing view was that the peasants’ festive dress represented specific national dress. By the beginning of the 21st century discussions in the Danish fashion industry and industry policy concern Denmark’s status as a fashion nation and Copenhagen as a possible new global fashion center. This is due to the growing Danish fashion culture, the textile and clothing industry’s export success, and not least the fact that Denmark is a world-leading fur exporter. URI: http://hdl.handle.net/10398/7769 Files in this item: 1
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Cotta-Schønberg, Michael (København, 2005)[More information][Less information]
Abstract: The purpose of this paper is not to guess what the future of academic libraries will be, but to identify and understand the present driving forces with a view to choosing and influencing directions of development which will be advantageous to our users. URI: http://hdl.handle.net/10398/6936 Files in this item: 1
forside2005-2.pdf (96.85Kb) -
On the Operational Dynamics and Social Dimensions of Public-Private PartnershipsWeihe, Guri (København, 2006)[More information][Less information]
Abstract: Drawing upon extant alliance literature, this article substantiates the argument that we need to look beyond mere structural and formative aspects of cooperation in order to fully understand the performance antecedents of public-private partnerships. Currently, scholarly work on operational processes and behavioural dimensions is practically non-existent. This article tries to remedy the current gap in the literature by reviewing research findings on interfirm collaboration (alliances). On that basis a conceptual framework for analyzing partnership processes is developed. Finally, the antecedents of collaborative advantage are theoretically examined, and the organizational competences contributing to collaborative success are identified. The conclusion is that operational processes and social dynamics are vital drivers of collaborative advantage. Another significant conclusion is that public management research can benefit from drawing upon existing alliance research. Alliance scholars have during the past couple of decades accumulated an impressive amount of knowledge on different aspects of inter-firm cooperation, and therefore the learning potential for public management scholars seems to be quite enormous. URI: http://hdl.handle.net/10398/7380 Files in this item: 1
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Buch-Kromann, Matthias (Frederiksberg, 2010)[More information][Less information]
Abstract: DTAG is a versatile annotation tool that supports manual and semi-automatic annotation of a wide range of linguistic phenomena, including the annotation of syntax, discourse, coreference, morphology, and word alignments. It includes commands for editing general labeled graphs and graph alignments, comparing annotations, managing annotation tasks, and interfacing with a revision control system. Its visualization component can display graphs and alignments for entire texts in a compact format, with a highly flexible and configurable formatting scheme. It also provides a powerful search-replace mechanism with queries based on full first-order logic, which can be used to search for linguistic constructions and automatically apply graph transformations to collections of annotated graphs. URI: http://hdl.handle.net/10398/8222 Files in this item: 1
2010-wp-dtag (2).pdf (137.0Kb) -
Andersen, Steffen; Harrison, Glenn W.; Lau, Morten Igel; Rutström, Elisabet E. (, 2009)[More information][Less information]
Abstract: The most popular models of decision making use a single criteria to evaluate projects or lotteries. However, decision makers may actually consider multiple criteria when evaluating projects. We consider a dual criteria model from psychology. This model integrates the familiar tradeoffs between risk and utility that economists traditionally assume, allowance for rank-dependent decision weights, and consideration of income thresholds. We examine the issues involved in full maximum likelihood estimation of the model using observed choice data. We propose a general method for integrating the multiple criteria, using the logic of mixture models, which we believe is attractive from a decision-theoretic and statistical perspective. The model is applied to observed choices from a major natural experiment involving intrinsically dynamic choices over highly skewed outcomes. The evidence points to the clear role that income thresholds play in such decision making, but does not rule out a role for tradeoffs between risk and utility or probability weighting. URI: http://hdl.handle.net/10398/7798 Files in this item: 1
wp2-2009.pdf (282.4Kb) -
Böhm, Markus; Henningsson, Stefan; Yetton, Philip; Leimeister, Jan Marco; Krcmar, Helmut (, 2011)[More information][Less information]
Abstract: Acquisitions of new businesses and divestments of existing ones are frequently components of large organizations’ corporate strategies. In both acquisitions and divestments, corporate IT infrastructure plays a critical role for realizing business objectives. In this paper, we take a dual view of the IT-related challenges in divestment and acquisition strategies, studying them as a single integrated transaction between a buyer and a seller and investigating how the IT carve-out and IT integration strategies influence each other. The extant literature on the interaction between carve-outs and integration strategies is an empty set. Here, we begin to shed light to the limitations of the carve-out contract, the processes of carving out a business unit from one and integrating it into another multibusiness organization, asymmetries in both parties’ preferences for an IT transaction process and its influence on arising challenges and organization performance. URI: http://hdl.handle.net/10398/8631 Files in this item: 1
Böhm_Henningsson et al_2011.pdf (540.6Kb) -
Global Competition, Collective Efficiency, and Local DevelopmentLorentzen, Jochen; Robbins, Glen; Barnes, Justin (København, 2004)[More information][Less information]
Abstract: The paper describes the formation of the Durban Auto Cluster in the context of trade liberalization. It argues that the improvement of operational competitiveness of firms in the cluster is prominently due to joint action. It tests this proposition by comparing the gains from cluster activities in the areas of supplier development, human resource development, logistics, and benchmarking, and by contrasting the impact of joint action against a host of other variables, notably international competition and technical assistance by foreign partners. URI: http://hdl.handle.net/10398/6598 Files in this item: 1
lorentzenrobbinsbarnesoctober2004.pdf (456.8Kb) -
Sørensen, Carsten; Trolle, Anders Bjerre (København, 2004)[More information][Less information]
Abstract: We derive an explicit solution to the portfolio problem of a power utility investor with preferences for wealth at a ¯nite investment horizon. The investor can invest in assets with return dynamics described as part of a general multivariate model. The modeling framework encompasses discrete-time VAR-models where some of the state-variables (e.g. expected excess returns) may not be directly observable. A realistic multivariate model is estimated and applied to analyze the portfolio implications of investment horizon and return predictability when real interest rates and expected excess returns on stock and bonds are not directly observed but must be estimated as part of the problem faced by the investor. The solution exhibits small variability in portfolio allocations over time compared to the case when excess returns are assumed observable. JEL Classification: G11 Keywords: Portfolio choice, predictability, VAR, unobserved state-variables, hedging demands URI: http://hdl.handle.net/10398/7151 Files in this item: 1
endeligt_wp_2004_8_030105.pdf (427.9Kb) -
Lagrange versus the HamiltonianKleis Frederiksen, Niels (København, 1998)[More information][Less information]
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Kallestrup, René (Frederiksberg, 2012)[More information][Less information]
Abstract: The Global Financial Crisis which started in 2007 is a defining economic event of our lifetime. Recessions and public bailouts of banking systems have resulted in concerns about the solvency of sovereigns in recent years as many Eurozone countries face substantial fiscal pressures. The exact causes of the Global Financial Crisis are still debated but it is unlikely to be the outcome of one single event. In a review of the Global Financial Crisis based on 21 books on the topic, Lo (2011) summarises the underlying causes and policy prescriptions: ”there is still significant disagreement as to what the underlying causes of the crisis were, and even less agreement as to what to do about it ... Like World War II, no single account of this vast and complicated calamity is sufficient to describe it.” The listed causes range from global capital flows, poor regulation, regulatory capture, inequality, high leverage, skewed economic incentives of borrowers and lenders, etc. Gorton and Metrick (2012) also contain an interesting summary of the literature written in recent years and in ”Lessons from the Financial Crisis” edited by Berd (2010) several chapters from academic researchers analyse the ongoing crisis. URI: http://hdl.handle.net/10398/8450 Files in this item: 1
Rene_Kallestrup.pdf (1.375Mb)