Browsing Departments by Title
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Benito, Gabriel R. G.; Petersen, Bent; Welch, Lawrence S. (Frederiksberg, 2010)[More information][Less information]
Abstract: An enduring characteristic of extant literature on foreign operation modes is its discrete choice approach, where companies are assumed to choose one among a small number of distinctive alternatives. In this paper we use detailed information about the operations of six Norwegian companies in three key markets (China, UK and USA) as the basis for an exploration of the extent to which, and how and why, companies combine clearly different foreign operation modes. We examine their use of foreign operation mode combinations within given value activities as well as within given countries. The study reveals that companies tend to combine modes of operation; thereby producing unique foreign operation mode “packages” for given activities and/or countries, and that the packages are liable to be modified over time – providing a potentially important optional path for international expansion. Our data show considerable variation across cases; ranging from extensive use of mode combinations to a singular focus on a specific mode of operation. The study contributes to a refinement of our understanding of the path of internationalisation, and throws up a number of awkward theoretical questions about the process. URI: http://hdl.handle.net/10398/8219 Files in this item: 1
Benito_Petersen_Welch_SMG_WP_9_2010.pdf (237.6Kb) -
Holst, Anders; Nalholm, Morten (København, 2004)[More information][Less information]
Abstract: In this paper an investigation of the pricing of callable annuities with interest-only (I-O) optionality is conducted. First the I-O optionality feature of callable annuities is introduced. Next an algorithm for pricing callable annuities with I-O optionality using the finite difference methodology, is formulated. This is then used to investigate optimal strategies of I-O bonds and impacts on prices from the I-O optionality. It is found that the I-O feature necessitates a simultaneous valuation of all elements of the callable I-O bond. Following this, the Greeks of the I-O bond are investigated. It is found that they are affected by the I-O feature, but only to a limited extent. Finally, a model of heterogenous prepayment decisions is incorporated into the framework. The model is extended to model heterogeneity in the I-O exercise decisions. The incorporation of heterogeneity in borrower decisions is found to lead to reasonable causalities. URI: http://hdl.handle.net/10398/7149 Files in this item: 1
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Martensen, Anne; Hansen, Flemming (København, 2004)[More information][Less information]
Abstract: The paper reports findings from a larger study of sponsors and their relationship to sponsored parties. In the present reporting, the focus is on sponsors. Rather than evaluating such sponsorships in traditional effect hierarchical terms, a conceptual Sponsor Value Model is specified as a structural equation model where the drivers are attitudes towards the sponsorship and emotions towards the sponsorship. It is found that the two classes of variables describe different aspects of the perception of sponsorships, and that they both contribute significantly to the overall value of sponsoring for a particular company. In the present paper, two cases are shown for two major sponsors. The specified Sponsor Value Model is estimated by a partial least squares (PLS) method. It is found that the two sponsors are perceived differently, both in terms of emotional and attitudinal responses. It is also found that the emotional responses aroused by the sponsorships are at least as important as those ascribable to attitudinal elements. Key words: Sponsorship, emotional response, attitudes towards sponsorship, structural equation model URI: http://hdl.handle.net/10398/6642 Files in this item: 1
4_2004 .pdf (207.4Kb) -
The Role of Fundamentals Using a Regime-Switching ApproachNielsen, Steen; Overgaard Olesen, Jan (København, 2000)[More information][Less information]
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The Case of a Prepaid Danish CashcardHjelholt, Morten; Damsgaard, Jan (Frederiksberg, 2013)[More information][Less information]
Abstract: Payment transactions through the use of physical coins, bank notes or credit cards have for centuries been the standard formats of exchanging value. Recently online and mobile digital payment platforms has entered the stage as contenders to this position and possibly could penetrate societies thoroughly and replace current physical payment standards. This paper portrays how digital payment platforms evolve in socio-‐technical niches and how various technological platforms aim for institutional attention in their attempt to challenge earlier platforms and standards. The paper applies a co-‐evolutionary multilevel perspective to model the interplay and processes between technology and institutions wherein digital payment platforms potentially will substitute other payment platforms just like the credit card negated the cheque. We present a framework for understanding the evolution and transitions of payment platforms. We demonstrate the usefulness of the framework in a in-‐depth single case study of a prepaid cash card. The learning of past experience with digital payment platforms is demonstrated to be the right starting point for investigations into how new solutions might succeed or fail in the future. Thus we finally discuss how possible venues and routes of transitions appear in current evolution of digital payment platforms URI: http://hdl.handle.net/10398/8759 Files in this item: 1
Hjelholt_ITM_Com_12013.pdf (756.7Kb) -
The EU Regulator´s PerspectiveStaykova, Kalina; Damsgaard, Jan (Frederiksberg, 2013)[More information][Less information]
Abstract: The Single Euro Payments Area (SEPA) is probably the most ambitious self-regulatory project aimed at creating a single integrated European digital payments market since the introduction of the Euro. SEPA aims to make EU more innovative and competitive. When considering the SEPA initiative and combining it with the disruptive and innovative nature the mobile phone permeates, the result is a market that is rapidly transforming from well-established into a state of flux. We build a model to understand and explain this transformation of the digital payment infrastructure. The model captures the formation and development of digital payment infrastructure with a particular emphasis on the regulator´s perspective. It consists of four stages characterized by slow incremental change following by short rapid bursts of discontinuity. Each stage is portrayed by its evolutionary dynamics, the nature of the payment platform, the legal implications, the regulatory asymmetry, the level of competition, and what drives the discontinuity. URI: http://hdl.handle.net/10398/8834 Files in this item: 1
Staykova_Damsgaard.pdf (1.781Mb) -
Hansen, Torben (, 2012)[More information][Less information]
Abstract: Trust relates not only to customer trust in individual companies (i.e., narrow-scope trust) but also to the broader business context in which customer–seller relationships may develop (i.e., broad-scope trust [BST]). Based on two surveys comprising 1155 bank consumers and 817 insurance consumers, respectively, this study investigates the moderating influence of BST on relationships between satisfaction, narrow-scope trust, and loyalty and also examines the direct influence of BST on these variables. The results indicate that whereas BST negatively moderates relationships between satisfaction and narrow-scope trust and between narrow-scope trust and loyalty, BST positively moderates the relationship between satisfaction and loyalty. In addition, it is demonstrated that BST positively influences customer satisfaction and narrow-scope trust. C 2012 Wiley Periodicals, Inc. URI: http://hdl.handle.net/10398/8858 Files in this item: 1
moderating_influence_torben_hansen.pdf (677.6Kb) -
Thyssen, Ole (København, 2003)[More information][Less information]
URI: http://hdl.handle.net/10398/7722 Files in this item: 1
ole20thyssen20modernitetens20familie.pdf (173.8Kb) -
Foss, Nicolai J.; Stieglitz, Nils (Frederiksberg, 2010)[More information][Less information]
Abstract: We survey the resource-based view in strategic management, focusing on its roots in economics. We organize our discussion in terms of the Gavetti and Levinthal distinction between a “high church” and a “low church” resource-based view, and argue that these hitherto rather separate streams are increasingly overlapping. URI: http://hdl.handle.net/10398/8172 Files in this item: 1
CBS Forskningsindberetning SMG 261.pdf (200.4Kb) -
Kampagnestyring i Velfærdsstaten: En diskussion af trafikkampagners styringspotentialeSpeiermann, Sabrina (Frederiksberg, 2010)[More information][Less information]
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Baron, Irene (Odense, 2011)[More information][Less information]
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Florentsen, Bjarne; Møller, Michael; Nielsen, Niels Chr. (København, 1999)[More information][Less information]
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The Choice of Educational TypeAlstadsæter, Annette; Kolm, Ann-Sofie; Larsen, Birthe (København, 2005)[More information][Less information]
Abstract: This paper examines the effect of taxes on the individuals' choices of educational direction, and thus on the economy.s skill composition. A proportional labour tax induces too many workers with high innate ability to choose an educational type associated with high consumption value and low effort. This increases the skill mismatch and aggregate unemployment in the economy. The government can correct for this distortion by use of differentiated tuition fees or tax rates. JEL codes: J64, J68, H21, H24 Keywords: Unemployment, matching, education, optimal taxation, tuition fees URI: http://hdl.handle.net/10398/7562 Files in this item: 1
wp23-2005.pdf (207.8Kb) -
Kolm, Ann-Sofie; Larsen, Birthe (København, 2001)[More information][Less information]
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Understanding and Addressing Workplace Disgruntlement through the Application of Organisational JusticeWillison, Robert (, 2009)[More information][Less information]
Abstract: Within the IS security field, employee computer crime has received increased attention. Indeed, a number of researchers have focused their attention on the behaviour of the ‘insider’, both prior to and during the perpetration. Despite this, there is currently an absence of academic insight into the problem of workplace disgruntlement and how this may motivate employee computer crime. To address this deficiency, this paper draws on a body of knowledge called ‘organisational justice’, which examines how perceptions of fairness are formed. Under this umbrella term are four constructs which relate to different organisational phenomena and influence employees’ fairness perceptions. It is believed that these constructs, entitled distributive, procedural, interactional and informational justice, and the theories which underpin them, can not only assist in understanding, but also in mitigating disgruntlement. To illustrate this, a case of employee computer sabotage is analysed, highlighting which forms of organisational justice occurred, and how they could have been addressed. The discussion section notes how mitigating disgruntlement provides a new area for safeguard implementation, with the final part of the paper discussing the conclusions and potential for future research. URI: http://hdl.handle.net/10398/7759 Files in this item: 1
WP_2009_001.pdf (249.0Kb) -
The Evolution of the Indian IT IndustrySudhanshu, Rai (Frederiksberg, 2010)[More information][Less information]
Abstract: In this article I discuss the Indian outsourcing phenomena and ask the question now what? Using data from the Euro-India project I demonstrate that a small but significant part of the Indian IT entities are moving beyond outsourcing, to co-creation where Innovation and the desire to create new markets is the key driver. This does not imply that outsourcing will disappear but it does mean that firms will engage in globalization using innovative mix of business models and technical platforms. We discuss the implication of this slow transformation to co-creation of innovation for the global outsourcing industry. The key thesis of this paper is to discuss co-creation as a form of innovation and how such a form of innovation is likely to bring Indian companies rich dividends. URI: http://hdl.handle.net/10398/8262 Files in this item: 1
Sudhanshu_Working Paper 7.pdf (69.65Kb) -
Mezias, Stephen; Strandgaard Pedersen, Jesper; Svejenova, Silviya; Mazza, Carmelo (, 2008)[More information][Less information]
Abstract: This study seeks to untangle the impact of film festivals on the conception and action of industry actors. This study puts forward the argument that film festivals, seen as instances of tournament rituals and field configuring events, play a role in bridging art and commerce. It examines three instances of a particular tournament ritual, that of the three leading European premier film festivals, namely the Cannes Film Festival, the Berlin Film Festival, and the Venice International Film Festival, to untangle their role as mediators between art and commerce and their impact on the artistic classification system of the cinema field. For the purpose, it uses admissions data from 36 European countries for the period of 1996 to 2005. It examines the impact of festival participation and awards on admissions, and further artistic recognition at award ceremonies in the US. Based on the results of our study we argue that, similarly to the classification of art forms, there is a status ordering of tournament rituals (i.e. film festivals) with regard to their ability to act as a nexus of dichotomous categories for a particular cultural form (i.e. art and commerce in the case of film). URI: http://hdl.handle.net/10398/7781 Files in this item: 1
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Ørngreen, Rikke N. (København, 2002)[More information][Less information]
Abstract: SUMMARY The summary presents an overview of the dissertation and major findings of my research: · Research Area, Questions and Design · Frame of Reference - Domain Knowledge · Major Findings Research Area, Questions and Design This dissertation investigates development and use of multimedia teaching cases, as applied in business education. Teaching cases present companies, and the current problems or opportunities they are facing. (Barnes, Christensen and Hansen 1994, Maufette- Leenders, Erskine and Leenders 1997, Heath 1998, Manninen 1997.) The primary characteristic is that the case is based on real events. Very often the case description follows a decision-making situation. (Mauffette-Leenders, Erskine, and Leenders 1997, Hazard 2000.) The case is prepared by students and then discussed in class. The objective of the class discussion is to analyse the company's situation and come up with viable strategies for the future (Leenders and Erskine 1989, Heath 1998, Orngreen and Bielli 2001). Cases were introduced to business education already in 1910 at the Harvard Business School, and have since then gained widespread use throughout the world (Leenders and Erskine 1989). Traditionally teaching cases have been written descriptions, but the teaching cases in this dissertation are multimedia cases. The use of multimedia teaching cases is a relatively new phenomenon. Because of the novelty of the approach, research on how to apply these or developing them is extremely limited. Though I investigate both a use and a development perspective, the use dimension is investigated with the purpose to inform development. In particular the dissertation results in a set of roles and tools influencing the development process, which is also seen in my three research questions: 1. Which roles and tools characterise the development and use of multimedia teaching cases for business education? 2. How are these roles and tools applied to the multimedia development process, and how do they support or restrain the development. 3. How are the development roles and tools, and the use roles and tools interrelated, and how do they relate to a development model for multimedia teaching cases? URI: http://hdl.handle.net/10398/7746 Files in this item: 1
rikke_n_orngreen.pdf (10.97Mb) -
the internationalization pattern of large companies from Denmark, Finland and NorwayBenito, Gabriel R.G.; Larimo, Jorma; Narula, Rajneesh; Pedersen, Torben (København, 2001)[More information][Less information]
Abstract: Analyzing the internationalization of large companies from small countries requires understanding the process of internationalization by examining the interface between micro (firm strategies) and macro (the forces of centripetal and centrifugal) level factors. We examine the growth and international expansion of the ten largest companies in Denmark, Finland, and Norway over the period 1990 to 1999. Most companies in the sample became more international during the last decade across basically all the investigated dimensions of internationalization. This was particularly accentuated in the case of Norwegian firms, possibly due to their lower degree of internationalization at the beginning of the period. The study also shows that companies mainly have internationalized their operations activities, while such strategic activities as research and development activities and headquarters functions to a much larger extent are kept in the home country. URI: http://hdl.handle.net/10398/6586 Files in this item: 1
linkwp02-04.pdf (217.4Kb) -
Capital Structure ContingenciesJuul Andersen, Torben (København, 2008)[More information][Less information]
Abstract: Multinational enterprise provides access to a diverse resource base that may support options related business initiatives and operational flexibilities with a potential to improve performance and risk management capabilities. Hence, multinationality should be associated with strategic responsiveness as real option structures allow the corporation to exploit new initiatives and pursue alternative actions. This, in turn should improve economic performance and risk management capabilities as corporate activities are adapted and new initiatives introduced in response to changing global conditions. The analyses of a cross-sectional sample comprising 1357 multinational firms during 1996-2000 partially support the proposed performance and risk management effects but also raise issues for further study. URI: http://hdl.handle.net/10398/7457 Files in this item: 1
smg wp 2008-08.pdf (326.5Kb)