Browsing Departments by Title
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the KFX indexBechmann, Ken L. (København, 2002)[More information][Less information]
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Risager, Ole (København, 2004)[More information][Less information]
Abstract: Price-earnings ratios are part of the toolkit that is used for assessing the valuation of individual firms on the stock market as well as the entire market itself. This paper presents consistent P/E series for the liquid Danish shares adjusted for share buybacks. The results show that over the period from 1969 to 2003, the average (trailing) P/E equals 13.5. The P/E reaches its lowest level in 1980, which is likely to be due to a soaring oil price, high wage increases and interest rates approaching 20 percent. Notwithstanding optimistic equity pricing also in Denmark in the late 1990s, the upturn in Danish valuations was more moderate than in the US. The correction that sets in subsequently reversed essentially the gains in the Danish P/E in the 1990s. URI: http://hdl.handle.net/10398/7620 Files in this item: 1
wpec132004.pdf (395.4Kb) -
The Role of Mentalizing for Reward Design and Managenemt in Principal-Agent RelationsFoss, Nicolai J.; Stea, Diego (Frederiksberg, 2013)[More information][Less information]
Abstract: Agency theory is one of the most important foundational theories in management research, but it rests on tenuous cognitive assumptions. We combine classical agency theory with a realistic theory of the intrinsically imperfect human potential for interpersonal sensemaking. This allows us to systematically show how the principal’s ability to mentalize with the agent influences value creation in principal-agent relations, and to link this to organizational sensemaking instruments. URI: http://hdl.handle.net/10398/8624 Files in this item: 1
Foss_Stea_SMGWP2013_1.pdf (1.149Mb) -
Separating the Impact of Dual Class Shares, Pyramids and Cross-ownership on Firm Value Across Legal Regimes in Western EuropeBennedsen, Morten; Meisner Nielsen, Kasper (København, 2005)[More information][Less information]
Abstract: Recent policy initiatives within the harmonization of European company laws have promoted a so-called "principle of proportionality" through proposals that regulate mechanisms opposing a proportional distribution of ownership and control. We scrutinize the foundation for these initiatives by analyzing the use of instruments to separate ownership from control across legal regimes in a sample of over 4,000 publicly traded firms from 14 Western European countries. First, we confirm the negative impact on firm value from disproportional ownership structures previously established in a sample of Asian firms by Claessens et al. (2002). Second, we show that dual class shares have a larger and more significant negative effect on firm value than pyramids and cross holdings. Third, we find that the impact of disproportionality and the underlying instruments is inversely related to the level of investor protection. Thus, dual class shares and pyramids substitute legal protection in countries with inadequate investor protection. Fourth, we find no evidence of a significant effect of disproportionality instruments on earnings performance. Finally, we discuss policy implications of these findings in relationship to the process of harmonization of the European capital markets. JEL classifications: G30, G32, G34 and G38 Keywords: Ownership Structure, Dual Class Shares, Pyramids, EU company laws. URI: http://hdl.handle.net/10398/7544 Files in this item: 1
wp22-2005.pdf (414.4Kb) -
Anker Jensen, Per (Frederiksberg, 2013)[More information][Less information]
Abstract: These lecture notes present the basic principles of phrase structure that apply in English. We start by presenting in some detail the most complex phrase type in English, the noun phrase. Having done that, we demonstrate that all the other main phrase types, the AP, the PP and the VP, are modelled on the same structural principles as noun phrases. URI: http://hdl.handle.net/10398/8675 Files in this item: 1
Per Anker Jensen_Lecture Notes 02.pdf (197.1Kb) -
Blomgren-Hansen, Niels (København, 1998)[More information][Less information]
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Kai Olsen, Jørgen (København, 2003)[More information][Less information]
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Olsen, Jørgen Kai (København, 2004)[More information][Less information]
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Reflecting and Reinforcing Neo-Liberal GovernmentalityLeander, Anna (København, 2006)[More information][Less information]
Abstract: This article argues that the role of Private Security Contractors in Darfur reflects and reinforces neo-liberal governmentality in contemporary security governance. It is an argument (in line with other articles in this special issue) which is more interested in discussing how the privatization of security alters security practices (including those involving states) than in thinking about their impact on an idealised public monopoly on the use of force. To make its point, the article begins by drawing on Foucauldian work to clarify the meaning of neo-liberal governmentality in security. It underlines that governance is increasingly taking place through a set of (quasi-) markets, it is marked by entrepreneurial values, and a hands off approach to governance. We then discuss the way this overall change is reflected in and reinforced by the role of private security contractors in Darfur. Drawing on a framework of analysis inspired by Bourdieu, we show that neo-liberal governmentality is reflected in the dispositions of security actors as well as in their relative positions. The resulting security practices reinforce dispositions and positions that reproduce neo-liberal governmentality. Looking at these processes is necessary to understand the role of private security contractors in Darfur. But more than this, practices in Darfur entrench neo-liberal governmentality in security more generally. The managerial and ‘de-politicizing’ approach to security in Darfur displaces alternative views not only in the Darfuri context. It is taken into other contexts where it bolsters neo-liberal governmentality. This spiralling neo-liberal governmentality rather than diminished state control and authority is, we argue, the most significant consequence of the presence of private security contractors in Darfur. URI: http://hdl.handle.net/10398/6989 Files in this item: 1
darfur_working_paper.pdf (140.3Kb) -
the political, cultural and social dimensionTorp, Jens Erik; Rekve, Peter (København, 1995)[More information][Less information]
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Leander, Anna (Frederiksberg, 2009)[More information][Less information]
Abstract: The integration of private international security into Security Studies reflects the relatively recent nature of the market. The literature on the topic revolves around the basics of placing private international security on the agenda (1a); explaining and understanding the market (1b) and problematizing its relationship to central questions in international security (1c). The current trend in the field is to face the—still largely open—challenge of taking research further, both by completing, refining and updating current research efforts (2a) and by expanding and enriching the research agenda to more fully explore the politics of market development (2b). Paradoxically, as this entry concludes, this is leading scholars to abandon the focus on “privatization” and instead pushing them to formulate research agenda in new terms such as commercialization, commodification, governance or governmentality. URI: http://hdl.handle.net/10398/7967 Files in this item: 1
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Raffnsøe, Sverre (København, 2006)[More information][Less information]
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Lund, Lars (København, 2003)[More information][Less information]
Abstract: Abstract: The balance of payments of Greenland has special features due to an important current transfer, bloktilskud, from Denmark. The trade balance does not exhibit a deficit of this order of magnitude but comparison of the bloktilskud and the deficit is difficult as official figures are available for the merchandise trade only. Figures for services are missing. However, guesses about the size of a deficit in the services’ trade do not easily discard the impression of a large surplus on the current account. Over a ten year period it is suggested that accumulated surpluses could be twice the level of Greenland’s GDP. This seems unlikely, but the available data raise a puzzle that ought to be addressed as it nourishes suspicion of unobserved accumulation of wealth. URI: http://hdl.handle.net/10398/7550 Files in this item: 1
wpec052003.pdf (304.0Kb) -
Bødker, Mads; Nawaz, Ather; Skou Petersen, Gitte; Copenhagen Business School. CBS; Institut for IT-Ledelse; ITM; Department of IT Management; ITM (Frederiksberg, 2011)[More information][Less information]
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Clemmensen, Torkil; Nielsen, Lene (København, 2005)[More information][Less information]
Abstract: Copenhagen Business School is happy to host the 5th Danish Human Computer Interaction Research Symposium. The aim of the symposium is to stimulate interaction between researchers from academia and industry through oral presentations and a keynote presentation. We received 17 paper contributions for the symposium, of which 14 were presented orally in four panel sessions. Previously the symposium has been held at University of Aarhus 2001, University of Copenhagen 2002, Roskilde University Center 2003, Aalborg University 2004. Torkil Clemmensen & Lene Nielsen Copenhagen, November 2005 CONTENT INTRODUCTION DHRS 2005 – CONFERENCE PROGRAM ABOUT THE KEYNOTE SPEAKER EMOTION AS A CONSTRUCT IN HCI Pradeep Yammiyavar DESIGNING GAMES – BALANCING FUN AND SERIOUSNESS Anne Marie Kanstrup & Ellen Christiansen TRAPS & TRIGGERS -DESIGN FOR DISCUSSION Rune Nielsen EARLY EXPERIENCES FROM AN INSPIRATION CARD WORKSHOP Kim Halskov Madsen & Peter Dalsgård FASTTRACK SCROLLING: A FASTER AND MORE SATISFYING SCROLLING INTERFACE FOR WEB BROWSERS Søren Jakobsen USING PERSONAS TO GUIDE ITERATIVE DEVELOPMENT Anders Toxboe "THEN THE PICTURE COMES IN YOUR MIND OF WHAT YOU HAVE SEEN ON TV" – A STUDY OF PERSONAS DESCRIPTIONS AND USE Lene Nielsen DEALING WITH REALITY - IN THEORY Gitte Skou Petersen A NEW IFIP WORKING GROUP – HUMAN WORK INTERACTION DESIGN Rikke Ørngreen, Torkil Clemmensen & Annelise Mark-Pejtersen CLASSIFICATION OF DESCRIPTIONS USED IN SOFTWARE AND INTERACTION DESIGN Georg Strøm OBSTACLES TO DESIGN IN VOLUNTEER BASED ORGANISATIONS Olav W. Bertelsen & Pär-Ola Zander PROCESS MANAGEMENT TOOLS IN HIGHER EDUCATION E-LEARNING – A NEW RESEARCH AREA Karin Tweddell Levinsen FROM HANDICRAFT SCHOOL TO DESIGN UNIVERSITY Eva Brandt THE USE PROJECT: BRIDGING THE GAP BETWEEN USABILITY EVALUATION AND SOFTWARE DEVELOPMENT Als, B., Frøkjær, E., Hornbæk, K. , Høegh, R., Jensen, J., Nørgaard, M., Skov, M., Stage, J. & Uldall-Espersen, T. BRIDGING BETWEEN IT AND THE ILLITERATE WORLD - RETHINKING HCI Janni Nielsen URI: http://hdl.handle.net/10398/6509 Files in this item: 1
12_2005.pdf (1.168Mb) -
an evolutionary perspective on outsourcingMahnke, Volker (København, 2002)[More information][Less information]
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Holm Larsen, Michael; Klischewski, Ralf (København, 2003)[More information][Less information]
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Toward a General TheoryMikkola, Juliana Hsuan (København, 2003)[More information][Less information]
Abstract: The focus of this paper is to integrate various perspectives on product architecture modularity into a general framework, and also to propose a way to measure the degree of modularization embedded in product architectures. Various trade-offs between modular and integral product architectures and how components and interfaces influence the degree of modularization are considered. In order to gain a better understanding of product architecture modularity as a strategy, a theoretical framework and propositions are drawn from various academic literature sources. Based on the literature review, the following key elements of product architecture are identified: components (standard and new-to-the-firm), interfaces (standardization and specification), degree of coupling, and substitutability. A mathematical function, termed modularization function, is introduced to measure the degree of modularization embedded in product architectures, by taking the key elements as the main variables. Various managerial and theoretical implications of the modularization function are drawn. For instance, the function can be used as a framework to aid to examine various leveraging forces behind new product development, manufacturing, and supply chain management policies of a firm. The modularization function also allows us to study the implications of modularization from different theoretical perspectives, such as resource-based view of the firm and transaction cost economics. Finally, the application of the modularization function and its limitations are discussed. Key words: modularity, product architecture URI: http://hdl.handle.net/10398/6287 Files in this item: 1
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the case of Indian durable consumer goods industriesPatibandla, Murali (København, 2001)[More information][Less information]
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a welfare-theoretical approachOlai Hansen, Bodil; Keiding, Hans (København, 1999)[More information][Less information]