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Med udgangspunkt i støtteverbers leksikaliseringsmønstre i dansk og franskHein, Birgitte (Frederiksberg, 2003)[More information][Less information]
Abstract: Enhver oversætter mellem et germansk sprog som dansk og et romansk sprog som fransk ved, at det ofte er bestemte sproglige konstruktioner, der volder problemer. En af disse konstruktioner består af et støtteverbum og et objekt, der tilsammen danner en semantisk enhed. Da denne konstruktion er hyppigt forekommende, specielt i juridiske og administrative tekster, kan det være af både praktisk og teoretisk værdi at skaffe et klarere billede af, hvordan konstruktionerne idiomatisk opbygges og bruges på de to sprog. Undersøgelsen søger at indskrive sig i en sammenhæng, der vedrører både oversættelse og lingvistisk beskrivelse, ud fra et ønske om at en komparativ beskrivelse skal kunne give en oversætter viden, som han kan bruge i sit praktiske arbejde. De fleste, som har benyttet computer-støttede oversættelser, må være enige i, at det stadig er nødvendigt med kvalificeret menneskelig oversættelse, hvis man skal have en idiomatisk korrekt og brugbart resultat. Der er ganske vist i dag mulighed for computer-støttede ”rå-oversættelser”. Somme tider kan disse oversættelser tjene til for eksempel at give en internetbruger et hurtigt indtryk af indholdet af en web-side på et sprog, som han ikke behersker.... URI: http://hdl.handle.net/10398/8623 Files in this item: 1
Birgitte_Hein.pdf (776.8Kb) -
Clemmensen, Torkil; Roese, Kerstin (, 2009)[More information][Less information]
Abstract: In this paper, we analyze the concept of human-computer interaction in cultural and national contexts. Building and extending upon the framework for understanding research in usability and culture by Honold [3], we give an overview of publications in culture and HCI between 1998 and 2008, with a narrow focus on high-level journal publications only. The purpose is to review current practice in how cultural HCI issues are studied, and to analyse problems with the measures and interpretation of this studies. We find that Hofstede’s cultural dimensions has been the dominating model of culture, participants have been picked because they could speak English, and most studies have been large scale quantitative studies. In order to balance this situation, we recommend that more researchers and practitioners do qualitative, empirical work studies. URI: http://hdl.handle.net/10398/7948 Files in this item: 1
WP_2009_003.pdf (415.2Kb) -
Does negative equity exist as a permanent feature in the Danish housing market?Lunde, Jens (København, 2005)[More information][Less information]
Abstract: House and flat prices have been through a tremendous bust and boom cycle in Denmark. From 1986 to 1993 real prices for houses and flats dropped by one third on average, foreclosures accounted for around 1/6 of the house and flat turnovers in numbers, and in reality the market for owner-occupied houses and flats was in a crisis. Initiated by a strong interest rate drop and by an expansive finance policy, the market turned. From 1993H1 to 2004H1 real house prices increased 76% and real flat prices 128%. Moreover, Denmark has a leading position in the international household debt race and as in many other countries the fear of the consequences of a strong interest rate increase for the housing market is widespread. Therefore, in order to examine the financial stability among owner-occupiers, a sample of approx. 40,000 owner-occupier families with data at household level has been drawn from the tax statistics for each year from 1987 to 2003. Through the analysis it is shown that the distributions of the owner-occupiers’ capital structure, measured by the net liability/housing wealth ratios, have more or less been the same throughout the 16 years, even during the long-lasting steep house and flat price rise. Moreover, since 1994 the median value of the net liability/income ratio has increased by 71% for all owner-occupiers and by 54% for owner-occupiers between 30-39 years of age.Finally, one last, important aspect of the financial stability of owner-occupiers, namely, their capacity to service their debt has been analysed. The owner-occupiers’ net interest expenditures/ income ratios before tax have been nearly halved from 1987 to 2003. Most of the drop happened during the years of the "housing market failure". From 1994 on the ratios were more slightly reduced and were in 2003 at 8.8% (median value) for all owner-occupiers and 12.2% for owner-occupiers between 30-39 years of age. However, if the reductions of the tax rates for deducting interest expenditures are taken into account, the 2003 after-tax-ratios are only about 2 percentage points below the 1987 after-tax ratios. At March 2005, a new challenge facing Danish owner-occupiers is that 50% of their mortgages carry interest adjustment. Keywords: house prices, housing wealth, real estate wealth, housing debt, mortgage debt, personal wealth, personal finance, loan-to-value, debt-to-income, interest expenditures, interest-to-income, financial stability. JEL classifications: D 14, E 44, G 21, R 20, R 31. URI: http://hdl.handle.net/10398/7197 Files in this item: 1
endeligt_wp_jens_lunde_2005_3.pdf (1.494Mb) -
Insights from Annual General MeetingsStrand, Therese (Frederiksberg, 2012)[More information][Less information]
Abstract: This thesis consists of five empirical studies, all relating to shareholder activism at annual general meetings. The first study concerns the structure and content of general meetings in Denmark and Sweden comparatively. The paper reveals significant differences in the level of activism, with Swedish investors being the most active in terms of proposals, proxy voting, and ‘voice’. The paper takes a legal approach, and discusses divergence in activism levels from the perspective of shareholder prerequisites to engage in monitoring efforts. Further, the paper investigating the topics addressed through questions and opinions. The results show that matters which can be categorized as irrelevant are reasonably rare. This is an important finding, as suggestions to abolish general meetings have often been based on the assumption that general meetings facilitate nothing but irrelevant, time consuming, and costly discussions that serves no monitoring function. The second study analyses the impact of voting power on shareholder activism. We hypothesize that there is a positive relationship between shareholder activism and a measure of the largest shareholder’s sensitivity to increased participation by small shareholders and find that firms’ amenability to small shareholder influence leads to more proposals by the nomination committee, but fewer proposals by other shareholders. We interpret this as evidence that the shareholder elected nomination committees effectively channel shareholder concerns and preempt other kinds of activism. Politicians and companies that desire active shareholders could improve the amenability of firms to shareholder influence by ownership transparency, shareholder committees, and contacts with shareholder associations and other vehicles for collective action... URI: http://hdl.handle.net/10398/8460 Files in this item: 1
Therese_Strand.pdf (1.719Mb) -
noter til en tiltrædelsesforelæsningFoss, Nicolai Juul (København, 1998)[More information][Less information]
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Evidence from Unexpected Inheritance due to Sudden DeathAndersen, Steffen; Meisner Nielsen, Kasper (Frederiksberg, 2010)[More information][Less information]
Abstract: We use a natural experiment to investigate the impact of participation constraints on individuals' decisions to invest in the stock market. Unexpected inheritance due to sudden deaths results in exogenous variation in financial wealth and allows us to examine whether fixed entry and ongoing participation costs cause non-participation. We have three key findings. First, windfall wealth has a positive effect on participation. Second, the majority of households do not react to sizeable windfalls by entering the stock market, but hold on to substantial safe assets—even over longer horizons. Third, the majority of households inheriting stock holdings actively sell the entire portfolio. Overall, these findings suggest that participation by many individuals is unlikely to be constrained by financial participation costs. URI: http://hdl.handle.net/10398/8169 Files in this item: 1
wp3-2010.pdf (254.6Kb) -
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Abstract: Spørgsmålet er om der er aftaleretlig revolution på vej, en revolution som er baseret på, at hvis virksomhederne vil overleve i den globale økonomi kræves nye initiativer for at skabe værdi.1 Den globale økonomi er karakteriseret ved omskiftelighed og aggressiv konkurrence. Derfor kan virksomheder sjældent stå alene om at skabe værdi.2 Det er forandringen i virksomhedernes værdiskabelse, som er årsagen til revolutionen. I stedet for at skabe værdi alene skaber virksomhederne nu værdier i fællesskab og til det kræves nye samarbejdsformer og nye måder at indgå aftaler på, selv i virksomhedens første levetid. De gamle metoder og teorier duer således ikke mere. Nye samarbejdsformer indbefatter både i Storbritannien,3 USA og i Danmark begrebet partnering. Selv om partnering er et forholdsvist nyt begreb i Danmark, har partnering allerede i USA vist at være vejen til fundamentale forandringer for, hvordan store virksomheder kontraherer. URI: http://hdl.handle.net/10398/8656 Files in this item: 1
Tvarnoe_2003.pdf (208.8Kb) -
Do Patents "Crowd Out” Prizes?Davis, Jerome; Davis, Lee (København, 2006)[More information][Less information]
Abstract: Debate over the merits of patents versus inducement prizes has tended to ignore the signaling roles of patents, and totally ignores the impact of patent signaling on prize contests. This paper asks: How does patent signaling affect the strategic choices of firms considering entering prize contests? First, we consider contests that do not allow patenting, then contests that do. If patenting is not allowed, we argue, patent-holders, both internal and external to the contest, can adversely impact prize contests by claiming prize winner violation of their patents, and suing for damages. The likelihood of such challenges being made can deter entry, particularly in contests requiring large sunk costs. Furthermore, the firm's decisionmaking process will discriminate against entering prize contests and favor R&D projects with patentable outcomes. Together, these problems may circumscribe any future wider role for prize contests, and limit their major putative welfare advantage: the ability to place prize winning solutions into the public domain. In contests where entrants may patent their inventions, entry is subject to basically the same problems as above (although such contests may carry some advantages as regards contest design). Our overall conclusion is that prize contests are liable to fail due to the lack of potential entrants, particularly as regards entry on the part of larger commercial firms. URI: http://hdl.handle.net/10398/7204 Files in this item: 1
ipr-w_12-davisdavis-mai03-1.pdf (332.8Kb) -
Sommerlund, Julie (København, 2005)[More information][Less information]
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Zinck Pedersen, Kirstine (, 2008)[More information][Less information]
URI: http://hdl.handle.net/10398/8194 Files in this item: 1
Patientens_politiske_diskurs.pdf (424.8Kb) -
A Comparative Analysis of China and IndiaPatibandla, Murali (København, 2004)[More information][Less information]
Abstract: Qualitative information and data show significant differences in the magnitude and type of foreign direct investment inflows among developing economies. Explanation of the differences requires analysis of market institutional factors as well as the supply and demand side conditions. This paper adopts the approach that different configurations of supply, demand and market institutional factors explain the type of investment flows into developing economies. The argument is illustrated through a comparative study of China and India. Key Words: Developing Economies; Foreign Direct Investment; China, and India JEL Classification: F23, P52 URI: http://hdl.handle.net/10398/6524 Files in this item: 1
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an explorationPatibandla, Murali (København, 2001)[More information][Less information]
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who should compensate who?Astrup Jensen, Bjarne; Sørensen, Carsten (København, 2000)[More information][Less information]
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Åkerstrøm Andersen, Niels (København, 2003)[More information][Less information]
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kvalitetsbedømmelse af forskning, når vilkårene for vidensproduktion forandresHansson, Finn (København, 2000)[More information][Less information]
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Bhatti, Jonas Aziz; Møller, Michael (København, 2002)[More information][Less information]
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En systemteoretisk analyse af offentlig meningsdannelseVallentin, Steen (København, 2002)[More information][Less information]
Abstract: .."the thesis tries to show how – with the appearance of the themes ethics and democracy – new conditions have evolved for the administration of the Danish pension fund investments. It should be emphasized that the thesis not only aims to provide a description of the Danish debate about ethical investments; it makes a separate contribution to systems theory. This contribution consists in a general presentation of Luhmann’s theory (chapter 2) followed by discussions of Luhmann’s concepts of risk (chapter 3), morality and ethics (chapter 4) and public and public opinion (chapter 5). In theoretical terms the contribution of the thesis lies in showing how Luhmann’s systems theory can be used to describe and analyze public opinion formation in general and the debate about the Danish pension fund investments in particular. The thesis focuses on Danish developments but international developments are not ignored. To put Danish developments into perspective, a part of chapter 1 focuses on developments surrounding ethical – or socially responsible – investments in the US and the UK. Matters of definition, historical developments and praxis forms are presented and lead up to an overview of key events in the domestic debate. It is argued that the Danish debate – unlike the very individualistic anglo-saxon debate – has focused on collective matters. The debate has focused on institutions which make investment decisions on behalf of many – often hundreds of thousands of – people, institutions which do not operate in a free market setting. A brief description of Danish developments is followed by a summary of and further reflexions upon the analytical arguments of the thesis. URI: http://hdl.handle.net/10398/7131 Files in this item: 1
steen_vallentin.pdf (2.310Mb) -
An Industry PerspectiveAndersen, Torben Juul (København, 2005)[More information][Less information]
Abstract: Multinational enterprise in control of dispersed overseas resources and capabilities has been linked to strategic flexibility that allows the firm to take advantage of opportunities and manage exposures imposed by changing environmental conditions. This paper analyzes the implied performance and risk management effects in a comprehensive sample of public firms and finds supportive evidence for the proposition that multinationality can enhance performance across industries. However, the ability to exploit upside potential and avoid downside risk is industry specific. The positive effects of multinationality are found particularly pronounced among firms operating in knowledge intensive service industries while firms in capital-intensive primary industries display the inverse relationships. Keywords: Strategic flexibility, Real options, Risk management URI: http://hdl.handle.net/10398/7473 Files in this item: 1
cbs forskningsindberetning smg 30.pdf (479.6Kb) -
Kumar, Vikas; Pedersen, Torben; Zattoni, Alessandro (København, 2008)[More information][Less information]
Abstract: Manuscript Type: Empirical Research Question/Issue: Institutional and transaction costs theories highlight the idea that group affiliated firms outperform unaffiliated firms in emerging economies. The persistence of superior performance for group affiliated firms is, however, questioned by the fast and recent development of markets and institutions in these countries. In this article, we explore this link between firm performance and the evolution of institutional environment. Research Findings/Insights: The setting of the empirical investigation is India in the postreform era (post 1990). We test for effects of business group affiliation on firm performance over a 17 year time period from 1990 to 2006. Our findings show that (i) the performance benefits of group affiliation erode with the evolution of the institutional environment; (ii) older affiliated firms are better able to cope with institutional transition than younger affiliated firms; (iii) service-sector affiliated firms are better able to cope with institutional transition than manufacturing-sector affiliated firms. Theoretical/Academic Implications: Our findings both support the institution- and transaction costs-based theory of business groups, and extends it by incorporating a dynamic and longitudinal component. They also demonstrate – in line with recent works - that the benefits of group membership differ for different types of member firms. Practitioner/Policy Implications: The article has implications for both managers and policy makers. Managers of business groups should timely adapt their strategy to the evolution of the institutional environment. Policy makers should, instead, devote attention to the consequences of their policies because they may undermine the efficiency of large national companies. URI: http://hdl.handle.net/10398/7430 Files in this item: 1
smg wp 2008-25.pdf (191.1Kb)