Browsing by Title
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Some Cross-Country EvidenceBjørnskov, Christian; Foss, Nicolai J. (København, 2006)[More information][Less information]
Abstract: While much attention has been devoted to analyzing how the institutional framework and entrepreneurship impact growth, how economic policy and institutional design affect entrepreneurship appears to be much less analyzed. We try to explain cross-country differences in the level of entrepreneurship by differences in economic policy and institutional design. Specifically, we use the measures of economic freedom to ask which elements of economic policy making and the institutional framework that are responsible for the supply of entrepreneurship (our data on entrepreneurship are derived from the Global Entrepreneurship Monitor). The combination of these two datasets is unique in the literature. We find that the size of government is negatively correlated with entrepreneurial activity but that sound money is positively correlated with entrepreneurial activity. Other measures of economic freedom are not significantly correlated with entrepreneurship. JEL CODE: M13, O31, O50 KEYWORDS: Economic freedom, entrepreneurship, cross-country variation. URI: http://hdl.handle.net/10398/7475 Files in this item: 1
smg wp 2006_15 - registrering.pdf (355.8Kb) -
Some Cross-Country EvidenceBjørnskov, Christian; Foss, Nicolai J. (Frederiksberg, 2006)[More information][Less information]
Abstract: While much attention has been devoted to analyzing how the institutional framework and entrepreneurship impact growth, how economic policy and institutional design affect entrepreneurship appears to be much less analyzed. We try to explain cross-country differences in the level of entrepreneurship by differences in economic policy and institutional design. Specifically, we use measures of economic freedom from the Economic Freedom of the World database to examine which elements of economic policy making and the institutional framework are responsible for the supply of entrepreneurship Our data on entrepreneurship are derived from the Global Entrepreneurship Monitor. The combination of these two datasets is unique in the literature. We find that the size of government is negatively correlated with entrepreneurial activity but that sound money is positively correlated with entrepreneurial activity. Other measures of economic freedom are not significantly correlated with entrepreneurship. URI: http://hdl.handle.net/10398/7876 Files in this item: 1
DRUID_06_18.pdf (261.1Kb) -
Urban, Dieter (Frederiksberg, 1999)[More information][Less information]
Abstract: Denne Ph.D. afhandling søger af sammenknytte to nationaløkonomiske problemkredse: Økonomisk vækst og økonomisk geografi. Afhandlingens centrale spørgsmål er: Vil økonomisk vækst føre til industriel koncentration eller industriel spredning? Hvordan påvirker en ændring i industriens lokalisering regional og national vækst? Hvilken indflydelse har den stadig tættere integration på økonomisk vækst og industrikoncentration? Afhandlingen består af fem kapitler. Kapitlerne er nært forbundne, men kan læses uafhængigt af hinanden. Kapitel 1 er et introduktionskapitel. Det indeholder en oversigt over litteraturen på området og et resume af de i denne afhandling fremlagte forskningsbidrag. Udgangspunktet for min forskning har været Krugman’s banebrydende artikel “Economic Geography and Increasing Returns” fra 1991. Heri udvikler han en model, der kan forklare, under hvilke omstændigheder, industrier tenderer at koncentrere sig i en land eller en region. Artiklen mangler imidlertid en fulstændig analytisk løsning af modellen, og intuitionen bag dens centrale sammenhænge er uklar. Kapitel 2 tilstræber at råde bod på disse svagheder. Kapitlet indeholder dels en rigoristisk analytisk løsning, dels en simpel grafisk illustration af Krugman’s model. Det påpeges, at der er en nær analogi mellem Krugman’s model og neoklassisk udenrigshandelsteori baseret på antagelsen om heterogene agenter. I kapitel 3 vises, at Krugman’s model har en unik kortsigtet ligevægt, men multiple langsigtede ligevægte. Afhængig af industriens initiale fordeling vil en relativt mindre industrialiseret økonomi enten af-industrialiseres eller konvergere mod samme udviklingstrin som den mere industrialiserede økonomi. Den mulige eksistens af en “fattigdomsfælde”, hvoraf en økonomi ikke kan udvikle sig ved egen kraft, giver en teoretisk begrundelse for, at aftaler om fri bevægelse for varer og kapital (eksempelvis inden for EU) kædes sammen med aftaler om strukturstøtte til de mindre industrialiserede regioner. I kapitel 4 integreres økonomisk geografi og neoklassisk vækstteori i en model, der simultant forklarer økonomisk vækst og industriens fordeling. Det påvises, at der er to regimer: Et neoklassisk “catching-up” regime, hvor økonomierne gradvis konvergerer, og et fattigdomsregime”, hvor forskellen i økonomisk udvikling udvides. Det påvises, at afvikling af handelsbarrierer kan eliminere fattigdomsfælden, således at mere tilbagestående lande med tiden vil tilnærme sig de mere udviklede økonomier. Kapitel 5 er en empirisk test af den model, der udvikles i kapitel 4, mod data for USA og Japan. Testen viser, at modellen ikke kan afvises for så vidt angår perioden efter Bretton Woods fast-kurs systemets sammenbrud i 1972. Under Bretton Woods systemet synes de to økonomer at have udviklet sig uafhængigt af hinanden, hvorfor modellen må afvises for denne periode. URI: http://hdl.handle.net/10398/7914 Files in this item: 1
Dieter_Urban.pdf (1.410Mb) -
Kokko, Ari; Ljungwall, Christer; Tingvall, Patrik Gustavsson (Frederiksberg, 2010)[More information][Less information]
Abstract: This paper investigates to what extent income growth in the Chinese provinces is linked to growth and income levels in neighboring provinces. We find that the rate of income growth in a province is positively related to income and growth in neighboring provinces. However, we find no evidence of such positive interdependence between growth in rich coastal provinces and their immediate inland neighbors. This suggests that there has been little synchronization in economic growth rates between these regions, and/or that the immediate hinterland of the coastal growth centers might have been bypassed as China’s manufacturing sector has migrated westward. URI: http://hdl.handle.net/10398/8032 Files in this item: 1
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Riis, Thomas (København, 2002)[More information][Less information]
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Some Austriaen InsightsJuul Foss, Nicolai (Frederiksberg, 2001)[More information][Less information]
Abstract: I critically discuss recent claims about economic organization in the emerging “knowledge economy,” specifically that authority relations will tend to disappear (or at least become radically transformed), the boundaries of the firm will blur, and coordination mechanisms will be much more malleable than assumed in organizational economics, resulting in various “new organizational forms.” In particular, the price mechanism will be used inside hierarchies to a much greater extent. In order to obtain an analytical focus on the knowledge economy, I assume that it may be approximated by “Hayekian settings” (after Hayek 1945), that is, settings in which knowledge is distributed and where knowledge inputs are relatively more important in production than physical capital inputs. I then argue, drawing on organizational economics as well as Mises’ insights in property rights and comparative systems, that the presence of Hayekian settings does not mean that authority will disappear, etc., although economic organization will in fact be affected by the emergence of the knowledge economy. This suggests that Austrian economics has an important contribution to make to the study of economic organization. URI: http://hdl.handle.net/10398/8074 Files in this item: 1
x656077947.pdf (99.18Kb) -
Foss, Kirsten (København, 1998)[More information][Less information]
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Foss, Kirsten; Foss, Nicolai Juul (København, 2000)[More information][Less information]
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Some Austrian InsightsFoss, Nicolai J. (Frederiksberg, 2001)[More information][Less information]
Abstract: I critically discuss recent claims about economic organization in the emerging “knowledge economy,” specifically that authority relations will tend to disappear (or at least become radically transformed), the boundaries of the firm will blur, and coordination mechanisms will be much more malleable than assumed in organizational economics, resulting in various “new organizational forms.” In particular, the price mechanism will be used inside hierarchies to a much greater extent. In order to obtain an analytical focus on the knowledge economy, I assume that it may be approximated by “Hayekian settings” (after Hayek 1945), that is, settings in which knowledge is distributed and where knowledge inputs are relatively more important in production than physical capital inputs. I then argue, drawing on organizational economics as well as Mises’ insights in property rights and comparative systems, that the presence of Hayekian settings does not mean that authority will disappear, etc., although economic organization will in fact be affected by the emergence of the knowledge economy. This suggests that Austrian economics has an important contribution to make to the study of economic organization. URI: http://hdl.handle.net/10398/7899 Files in this item: 1
DRUID_01_07.pdf (99.18Kb) -
Mygind, Niels (København, 1997)[More information][Less information]
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Its Threats and Opportunities from the Perspective of Southeast AsiaBeoy Kui, Ng (København, 2006)[More information][Less information]
Abstract: The purpose of the paper is to examine the economic impact of China on the Southeast Asian countries, mainly in terms of trade and investment. The paper attempts to examine whether the rise of China poses a threat to Southeast Asia as a region in the area of international trade, especially competition in the third markets. Can they be comrades rather than competitors in international market? Secondly, the paper also questions the concentration of foreign direct investment (FDI) in China implies a diversion of FDI away from the region. Are the FDI in China and Southeast Asian region complement each other in the international division of labour? On the other hand, the increasing role of China as an international trader and global investor provides an opportunity for Southeast Asia countries to integrate with the Chinese economy. The huge domestic market of China also provides vast opportunities for investment, especially through connections of their respective ethnic Chinese businesses in the region. In return, Southeast Asian countries, through their respective ethnic groups can also play a middleman role between China and the West, as well as between China and India together with the Middle East. URI: http://hdl.handle.net/10398/7395 Files in this item: 1
arc2006-15pdf.pdf (343.1Kb) -
Open Standards and Their Early AdoptionKühn Pedersen, Mogens; Fomin, Vladislav V. (København, 2006)[More information][Less information]
Abstract: Standards have proven themselves indispensable to the industrial revolution. How are standards developed today? What does the economics of standards tell about the impact of standards upon economic growth and productivity? Do standards influence industry innovation? How are the standardization processes in the field of ICT taking place? How and why do open standards differ from other types of standards? How may open standards influence ICT government policy and the reverse: How will government need to take action in the face of the international trend toward open standards in ICT? URI: http://hdl.handle.net/10398/6498 Files in this item: 1
no_01-2006.pdf (340.7Kb) -
Blomgren-Hansen, Niels (København, 1998)[More information][Less information]
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Politikernes og forvaltningens medkonstruktion og konsekvenserne herafSecher, Christine (Frederiksberg, 2010)[More information][Less information]
Abstract: This thesis is about how different e-participation user groups co-construct technology through the use in practice. It is studied how technology is used on a municipality level for citizen-communication and -participation with an online debate forum as a case in point. Users of online debates are citizens, politicians and the administration. In this thesis, I have chosen to focus on how politicians and the administration use online debates. I show how politicians and the administration participate in very distinct ways on the debate forum and thereby create specific forms of citizen communication and participation. Everybody can participate in the online debate as long as they give up their name and email. Periodically, citizens write quite a lot of contributions on the debate forum. But politicians’ and the administration’s perception of what is happening on the debate influence which role the citizens’s contributions will have for the politicians and administration, as well as forms of interaction between users. In this thesis, I argue that the users’ (politicians’s and administration’s) sensemaking about online debates as well as the mediation of the use of online debates have a crucial influence on which types of practice of online debate can develop. Online debate is perceived as an equivocal technology in the sense that the use of the technology is not clear cut but a result of the user’s sensemaking about the technology and thereby the sensemaking about possible acts and interactions with the technology and other users. Sensemaking is the primary theoretical frame with a special focus on situation-specific cue-frame-relations. The Municipality of Odder is the case and a unique one with its 11 years of experience within municipally facilitated online debate. The empirical data are contributions written from September 3rd, 2005 to April 15, 2008 (a total of 1983 contributions), 17 semi-structured interviews of ½-1½ hours length with administration and politicians in the municipality as well as different written documents from the municipality. In this thesis I show that politicians and administration act as users of the online debate in four different ways: Political candidate, councilor, administrator and mediator. The political candidate run for the municipal election and is only present in the debate the last three months before the election. The political candidate see online debates as a good opportunity to make him/herself visible to voters and competing candidates, and therefore (s)he writes a lot of contributions during this period. The political candidate rarely answers ordinary citizen’s contributions but instead decides to write new contributions or answer contributions started by competitors. The political candidate rarely gets involved in real discussions on the debate but instead choose to give his/her visions for the future of the Municipality of Odder. The councilor see the debate as the citizen’s opportunity to voice their meaning and therefore rarely participate in the debate, as this could have a negative effect on citizens motivation to write on the debate. The councilor reads the citizens’ contributions and once in a while the contributions act as input for internal council discussions. When the contribution reflect misunderstanding and when it is not only a few citizens who share the misunderstanding, the councilor chooses to write a report for the debate. It is usually the relevant committee chairman or equivalent who writes the contribution. The administrator believes that the majority of the contributions on the debate are political and therefore (s)he should not participate in the debate. The administrator sees citizens and business as partners. It is groups of professionals, which cover associations, organizations etc. and does not necessarily, see the individual citizen as a key stakeholder. The groups of professionals use other media, such as mails and letters, in their communication with the administration, as their input is often long reports and technical judgments. The administrator chooses only to answer factual misunderstandings in ongoing processes or more general issues in the municipality. The mediator, which is a role only a small part of the administration acts in, generally works with the implementing and forming the use of technology in the municipality. (S)he sees ICT as a way of increasing openness and effectiveness in the municipality. Online debates is a solution which the mediator believes especially increases openness and (s)he works with the aim of ensuring a continued debate. The mediator focuses on maximizing the number of contributions, on making it easy to participate and to make it possible to discuss anything, which is why the debate is in no editor or guided use of the debate. The result is that the individual user – political candidate, councilor and administrator – mediate the use of the debate and develop filters for their own and others’ ability to act on the online debate. That politicians and administration appear in these four roles in relation to online debate problematic several aspects of the use of e-participation practices in a municipal context. One aspect is that the four roles develop different practices for the use of the debate which function parallel on the debate without the development of a common practice. A second aspect is that a mediator role is established. An actor who mediates the interaction between citizen and politician, and thereby an actor who has a high degree of importance for what online debating becomes in practice. A third aspect is that the administration takes the mediating role and becomes a political advisor or an administrator of political decisions. A shift which neither the politicians nor the administrator are aware of. At the same time, the way the technology is mediated creates both synergy and conflict between the councilor, the political candidate and the administrator. Synergy and conflict which primarily can be related to the focus of the mediator on the increased use of the technology and the missing focus on contextualization of the online debate. URI: http://hdl.handle.net/10398/8000 Files in this item: 1
christine_secher.pdf (6.411Mb) -
or, why there is still so much to learn from the theory of the growth of the firmFoss, Nicolai Juul (København, 1998)[More information][Less information]
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A model of integrative strategy making processesJuul Andersen, Torben; Bernhard Nielsen, Bo (København, 2007)[More information][Less information]
Abstract: There is general consensus that coordination and integration are needed to achieve efficient outcomes while distributed decision power and autonomous actions are essential to develop innovative responses. These dual requirements for operational optimization and ongoing business innovation capture the essence of organizational ambidexterity as the means to sustain performance over time when environmental conditions change. This paper incorporates strategic management and organization theoretical rationales in a model that combines elements of integration and experimentation in the strategy making process and thereby extends the evolving literature on the ambidextrous organization. The performance relationships of the ambidextrous integrative strategy making model are investigated on the basis of a cross-sectional sample of 185 business entities operating in different manufacturing industries. Results of structural equation analyses indicate that superior performance in the ambidextrous organizations is associated with efficiencies derived from adherence to centralized strategic planning and effectiveness generated by decentralized innovative behavior through participation and autonomous actions. The study enhances our understanding of ambidexterity as the result of combined strategy making processes that balance the needs for economic efficiency and organizational adaptability. Key words: Ambidexterity, Dispersed decision-making, Innovation, Participatory decision-making, Strategic planning URI: http://hdl.handle.net/10398/7424 Files in this item: 1
2007-12.pdf (477.9Kb) -
Convergence or Divergence?Bislev, Sven (København, 1997)[More information][Less information]
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Banghøj, Jesper; Plenborg, Thomas (København, 2007)[More information][Less information]
Abstract: We explore the impact of stock pay and stock holdings on the pay to performance sensitivity in Denmark. Our research is motivated by the fact that most non-UK/US studies ignore stock based pay and stock holdings when measuring the pay to performance sensitivity. Further, most studies that explore the pay to performance relation apply the Black and Scholes approach assuming that the executive is both risk neutral due to hedge possibilities and well diversified. However, as pointed by Hall and Murphy (2002) executives are neither risk neutral nor well diversified. We adopt the certainty equivalence approach developed by Lambert et al (1991) to demonstrate that in a setting where executives are risk averse and undiversified there is a gap between the cost of granting stock options and the value, which executives receive from the same stock option program. Our findings indicate that the Danish level of pay is lower than in the UK and the US but more in line with the pay in other Scandinavian countries. Further, our results show that stock options are less frequently used to compensate Danish executives. On the other hand, stock ownership seems to be a more popular way to align the interests of the management and the shareholders than stock options. Furthermore, including stock holdings affect our four pay to performance sensitivity measures significantly. We also demonstrate that the pay to performance sensitivity is considerably lower than indicated by the Black and Scholes approach. Finally, the pay to performance sensitivity is on average smaller in Denmark than in the US. However, the pay to performance sensitivity seems similar in Denmark and the UK. URI: http://hdl.handle.net/10398/6741 Files in this item: 1
wp_2007-01.pdf (277.2Kb) -
Eriksson, Kent; Johanson, Jan; Majkgård, Anders; Sharma, D. Darma (København, 2000)[More information][Less information]
Abstract: This article examines the effect of variation - in the geographical operations - of international business operations on experiential knowledge development in the internationalization of the firm. Based on learning theory, this article develops five hypotheses on the effects of variation on three interrelated components of international experiential knowledge: internationalization knowledge, business knowledge and institutional knowledge. The LISREL analysis indicates that variation has a positive effect on the accumulation of experiential knowledge in internationalizing firms. In particular, it demonstrates that internationalization knowledge is a key variable which mediates the effect of variation on the other two knowledge variables. URI: http://hdl.handle.net/10398/6917 Files in this item: 1
linkwp23.pdf (131.6Kb) -
Sanden, Guro Refsum (Frederiksberg, 2012)[More information][Less information]
Abstract: One important effect of globalisation for the multinational corporation (MNC) is the increasing diversity of the workforce, which becomes clear through the variety of different language backgrounds found among employees at all levels of the organisation. In order to overcome the linguistic barriers presented by the multilingual workforce, MNCs may try to implement various language policies or strategies to regulate the internal communicative environment, for example by adopting a common corporate language, or deploy language management tools such as language training for employees or use of translation services. However, these language policies may have consequences unanticipated by the management, and could possibly affect the company in ways far beyond the scope of the linguistic-communicative area. This paper attempts to examine the role of corporate language policies and their effects for the internal communication patterns of a MNC. It is argued that the importance of language as a precondition for successful employee collaboration implies that language policies should not be developed in isolation from the organisational context, but instead be employed with the purpose of supporting the overall goals and objectives of the corporation. If the MNC fails to adequately address the language issue of its organisation, the problems may potentially escalate to the extent that they negatively affect the operation of the firm and its economic performance. Finally, it is argued that language policies can be both reactive, building on previous language experiences, and proactive, as a management tool to help shape the future language practices of a company and its employees. URI: http://hdl.handle.net/10398/8685 Files in this item: 1
Sanden.pdf (269.4Kb)