Browsing Departments by Title
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with an application to initial public offerings in DenmarkJakobsen, Jan; Sørensen, Ole (København, 2000)[More information][Less information]
URI: http://hdl.handle.net/10398/7192 Files in this item: 1
jakobsen_soerensen_decomposing.pdf (507.9Kb) -
Vinten, Frederik; Thomsen, Steen (København, 2006)[More information][Less information]
Abstract: We analyze delistings from European stock exchanges 1995-2005 as a function of market conditions, firm effects and governance regulation. We find that investor protection and corporate governance quality reduce the likelihood of going private, bankrupt or liquidated, but increase the likelihood of exit by merger or acquisition. Taking into consideration that corporate governance policy may be endogenously determined, the estimated policy effects turn out to be highly sensitive to model specification, but our best estimates produce qualitatively similar results. We conclude that the evidence is most consistent with efficient regulation: better protection of minority investors and higher corporate governance quality stimulates the market for corporate control (M&A) and reduces the incentive to go private. However, going private transactions have increased significantly while governance standards have been improved over the past decade, and we would not ignore the possibility that more regulation would lead to more delistings. For example, we find indications that the adoption of corporate governance codes and changes in the level of corporate governance indices increase the propensity to go private. It seems likely that increasing investor protection will at some point add more costs than benefits to companies and investors. Governments should therefore consider both costs and benefits of further regulation. Key words: Delisting, public listing, mergers, acquisitions, bankruptcy, liquidation, going private, private equity, investor protection. URI: http://hdl.handle.net/10398/7504 Files in this item: 1
wp12-06.pdf (330.3Kb) -
Bergqvist, Christian (København, 2009)[More information][Less information]
Abstract: Dominerende virksomheders adgang til at indrømme deres kunder rabatter er genstand for betydelige uklarheder, bl.a. som følge af en retspraksis, der ikke på alle punkter er sammenhægende eller forenelig med ordlyden af lovgivningen. Nedenfor skal der med udgangspunkt i EU og dansk praksis, dog forsøges opstillet nogle nærmere retningslinjer. Det konkluderes dog at der eksisterer så mange uklarheder at en sammenhængende praksis ikke ubetinget kan skabes. URI: http://hdl.handle.net/10398/7389 Files in this item: 1
wp 2009-2.pdf (246.9Kb) -
Danske og internationale udviklingstendenserSchulze, Christiane; Greve, Carsten (Frederiksberg, 2011)[More information][Less information]
Abstract: Kontraktbaseret styring har været på den politiske agenda i OECD landene siden de tidlige 1980’erne og i dag er kontrakter et helt centralt element i den moderne regering ((Ejersbo & Greve 2005: 62, Greve 2008a: 4). Internationalt var det især med Reagon-regeringen i USA og Thatcher-regeringen i Storbritannien, at der blev rettet interesse mod kontraktstyring1. Denne udvikling bør ses i lyset af New Public Management (NPM) reformerne, som blev skyllet ind over OECD landene siden 1980’erne (Fortin 2000, Kettl 2000, Bouckaert og Pollitt 2004). NPM kan overordnet forstås som ”brug af ledelsesinspiration fra den private sektor og [som] brug af markedsmekanismer”(Greve 2003). Ved siden af privatisering og deregulering iagttages kontrakter som et determinerende element i NPM (Fortin 2000:1). Kontrakter kan helt grundlæggende defineres som en aftale mellem bestiller og leverandør, der angiver vilkårene for levering af en service eller et produkt (Domberger 1998:12). Kontrakter er dog ikke bare en entydig formel aftale, der forstås på samme måde af enhver aktør. Tværtimod er kontrakter også afhængige af læsernes perspektiv såvel som omgivelsens normer, traditioner og legale rammer. Den er derved ikke uafhængig af de institutioner, som eksisterer i omverdenen og en kontrakt kan have forskellige betydninger i forskellige kulturer og lande. Desuden bliver kontrakten også selv en institution, der skaber en helt bestemt måde at omgås med hinanden, som adskiller sig fra de mere traditionelle hierarkiske styringsformer. Sidst men ikke mindst er kontraktens form også afgørende for, hvilken form for samarbejde og styring der vælges til og fra. En kontrakt er således langt fra et neutralt styringsværktøj, men påvirker tværtimod aktivt organisationernes organisering og styringsform. Det er derfor, at denne rapport skal belyse, hvorledes kontraktstyring i både eksterne og interne relationer af den offentlige sektor blev introduceret, hvilke udfordringer og ændringer det har medført for offentlige og private, samt hvordan det har påvirket forholdet mellem staten og samfundet... URI: http://hdl.handle.net/10398/8383 Files in this item: 1
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Pedersen, Ove K. (København, 2005)[More information][Less information]
URI: http://hdl.handle.net/10398/7331 Files in this item: 1
denmarks_negotiated_economy_19.pdf (122.6Kb) -
Social innovation i en forretningsmæssig kontekstSønderskov, Thomas Stengade (Frederiksberg, 2011)[More information][Less information]
Abstract: Hvilken funktion og rolle har ledelse for CSI? Med afsæt i ovenstående forskningsspørgsmål rapporterer denne afhandling fra et 3-årigt aktionsforskningsprojekt med et forandringsintenderende sigte inden for forskningsfeltet social innovation. Afhandlingen placerer sig i forlængelse af ovenstående interesse og udfolder social innovation i relation til ledelse i en forretningsmæssig kontekst – et forskningsområde, der internationalt også kaldes Corporate Social Innovation (CSI),(Kanter 1999, Jupp 2002). URI: http://hdl.handle.net/10398/8329 Files in this item: 1
Thomas Stengade Sønderskov.pdf (3.748Mb) -
Møller, Michael; Parum, Claus; Sørensen, Thomas (København, 2000)[More information][Less information]
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Novak, Lis (København, 1995)[More information][Less information]
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A category born and kept in servitude by utilitarianismSørensen, Asger (København, 2003)[More information][Less information]
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A white paperBuch-Kromann, Matthias (København, 2007)[More information][Less information]
Abstract: In this white paper, we review the theoretical evidence about the computational efficiency of dependency parsing and machine translation without the widely used, but linguistically questionable assumptions about projectivity and edge-factoring. On the basis of the heuristic local optimality parser proposed by (Buch-Kromann, 2006), we propose a common architecture for monolingual parsing, parallel parsing, and translation that does not make these assumptions. Finally, we describe the elementary repair operations in the model, and argue that the model is potentially interesting as a model of human translation. URI: http://hdl.handle.net/10398/6846 Files in this item: 1
2007-1.pdf (355.9Kb) -
Co-existence of institutional logics in the recorded music industrySigurdardottir, Margrét Sigrún (Frederiksberg, 2010)[More information][Less information]
Abstract: The concept of institutional logics, notably a choice between multiple logics, has been offered as a foundation to theoretically explain heterogeneity of organisation. The thesis focuses on how this heterogeneity of organisation is possible through a study of how decision makers deal with conflicting yet coexisting logics in their every day work. The field chosen for the empirical study is the recorded music industry, where two opposing logics, the artistic and the commercial, necessarily co‐exist. Through semi‐structured interviews, decision makers in the recorded music industry in the UK were asked about their work processes. Their descriptions revealed two very different ways of acting based on either the artistic logic or the commercial logic. The study further shows that even if there were some attempts to take both logics into account, all the respondents emphasised one logic over the other, but not the same logic, leading to the established major/independent duality in the structure of the field. URI: http://hdl.handle.net/10398/7992 Files in this item: 1
Margrét_Sigrún_Sigurdardottir.pdf (4.133Mb) -
Lando, Henrik (København, 2006)[More information][Less information]
Abstract: This article derives key variables in the analysis of standards of proof in criminal law from basic conditional probabilities. The variables derived are the probability of correct and wrongful conviction, the expected sanction and society's incarceration costs, while the basic conditional probabilities are the probability of observing (any given) evidence against individual i given that individual j committed the crime (for any j including j equal to i). The variables are derived from the conditional probabilities as a function of the standard of the proof using simple Bayesian updating. URI: http://hdl.handle.net/10398/7225 Files in this item: 1
ssrn-id874907.pdf (143.3Kb) -
Olsen, Mia; Hedman, Jonas; Vatrapu, Ravi (Frederiksberg, 2012)[More information][Less information]
Abstract: Ubiquitous and pervasive computing is fundamentally transforming product categories such as music, movies, and books and the associated practices of product searching, ordering, and buying. This paper contributes to theory and practice of digital payments by conducting a design science inquiry into the mobile phone wallet (m-wallet). Four different user groups, including young teenagers, young adults, mothers and businessmen, have been involved in the process of identifying, developing and evaluating functional and design properties of m-wallets. Interviews and formative usability evaluations provided data for the construction of a conceptual model in the form of sketches followed by a functional model in the form of low-fidelity mockups. During the design phases, knowledge was gained on what properties the users would like the m-wallet to embody. The identified properties have been clustered as ‘Functional properties’ and ‘Design properties’, which are theoretical contributions to the on-going research on m-wallets. One of the findings from our design science inquiry into m-wallets is that everyday life contexts require that evaluation criteria have to be expanded beyond “functionality, completeness, consistency, accuracy, performance, reliability, usability, fit with the organization, and other relevant quality attributes” [12] that are used within current design science work. URI: http://hdl.handle.net/10398/8502 Files in this item: 1
Olsen_Hedman_Vatrapu.pdf (417.1Kb) -
A global perspective on ICT and illiteracyNielsen, Janni (København, 2005)[More information][Less information]
Abstract: The process of globalization is opening new windows for Danish initiatives. The requirement for innovation and development of new areas as a consequence of the globalization will lead to radical changes and the IT businesses need to take active part in the development. But in order to understand and explain the globalization process we also have to understand the limitations. One such limitation is found in the global digitalization of information- and communication processes. This global development requires, from the world citizens, literacy in use of computers. The majority of the world populations are illiterates, they are not only technical illiterates but also illiterates in the traditional sense: they cannot read and write, however, the global ICT development largely disregards the problem with illiteracy and cultural differences. It seems that a future area of growth for the Danish IT business with their specific competencies may be to strengthen the user oriented and interdisciplinary approaches to design and development of ICT applications - targeted to specific cultural groups and the illiterates - in developing countries and also to large groups of immigrants in the developed world. India is an example of the global structural changes. India has developed an impressive ICT industry and has a very high level of expertise in software engineering. India’s government has a vision for e-democracy and have implemented e-government systems, which also address the rural populations. But the Indian population is very large and the potential users are highly diverse groups of which many are illiterate. Denmark has an IT industry that supplements India’s, e.g. a strong expertise in e-government, and ICT for the agriculture. Denmark has a long tradition for cooperation between IT developers, researchers and users and is strong in interdisciplinary approaches to development and design of ICT applications. Denmark also has a tradition for a human centred design, and usability is seen as a competitive factor. In India usability is on the agenda in only few IT companies, and it is also new to the academic world (Pradeep Y. 2004). Copenhagen Business School, department of Informatics has for the last 18 months been involved in the establishment of a Euro-India Centre. The departments research group on human-computer interaction(HCI) has prioritized HCI work in the Asian world for the last 4 years (Clemmensen 2004, Nielsen Janni 2004, Nielsen, Clemmensen and Yssing 2002, Levinsen, K. 2002, Nielsen, Lene and Gregers Koch 2003). The wish for a collaborative network has come about as a result of meetings and discussions between researchers from especially India and Denmark and also from Great Britain and Sweden. The first Indian conference on HCI in December 2004 and the initiative from CBS, department of Informatics in May 2005 where an Indian – European workshop was held, created the basis for this network application. URI: http://hdl.handle.net/10398/6464 Files in this item: 1
11_2005.pdf (358.2Kb) -
Petersen, Christian; Plenborg, Thomas (København, 2007)[More information][Less information]
Abstract: Bonus plans have become a popular tool for compensating managers and employees. While other accounting studies on bonus plans typically focus on earnings management, for example by examining the association between cash bonuses and stock returns or the incentive for management to manage earnings, our study discusses specific issues that are relevant in designing and understanding bonus plans based on financial performance measures. Bonus contracts should be designed so they align the interest of management and owners. In practice, this is far more difficult than it sounds. We discuss issues that require special attention in preparing bonus contracts: Choice of performance measure(s), accounting issues, link between performance and bonus, and bonus threshold. Our study should be of interest to managers, compensation committees, investors and others interested in bonus plans. A proper bonus plan is essential to ascertain that management compensation is closely linked to management’s ability to create value. URI: http://hdl.handle.net/10398/6740 Files in this item: 1
wp_2007-05.pdf (99.26Kb) -
A Literature Study and A Preliminary ModelBøge Sørensen, Lars (København, 2004)[More information][Less information]
Abstract: Keywords Supply Chain Management, Supply Chain Design, Literature study Abstract Argues stability is a design objective for supply chain design alongside cost, lead time and responsiveness. Performs an extensive literature study on supply chain design, identifies methods, theories and objectives in the existing literature. Describes the concept external specificity and how it’s used to design supply chains. Using the concept upstream, archetypes of risk minimal and maximal design are identified. Downstream the concept describes two viable scenarios, one minimizing the impact, the other minimizing the probability of (intended) departure of a supply chain partner. Finally, principles for supply chain design are described and managerial outlined. URI: http://hdl.handle.net/10398/6298 Files in this item: 1
wp2004-01.pdf (18.41Mb) -
Ulslev Pedersen, Rasmus; Clemmensen, Torkil (Frederiksberg, 2012)[More information][Less information]
Abstract: In this paper we present a case study of early prototyping work performed within a Danish advanced technology project. We specifically investigate the problems and issues related to throw-away prototypes in sensor-intensive systems. An important criterion is to record and perhaps later reproduce the identified contributions of the throw-away prototypes, and to this end we use the educational version of Lego Mindstorms NXT. To achieve methodological rigor we have used the Design Science Framework by Hevner et. al. It allows us to focus on the prototyping effort (called the design cycle) without letting go of either the relevance or rigor related to the project. We relate the case study to a Human Work Interaction Design (HWID) framework for the use of interactive, sensor-intensive prototypes to develop interactive greenhouse climate management systems. By applying guidelines suggested in design science to the case studied, we identify a number of interactive prototypes that successively address core issues in this particular setting. Finally, the problems and issues pertaining to this setting is presented and identified. The main contribution of this paper is that it, by pointing out problems and issues related throw-away prototyping with sensor-intensive systems, extends the design cycle of the original design science framework. This is determined to be a necessary step in order to address the inherent multi-disciplinarily of sensor-intensive HWID systems. URI: http://hdl.handle.net/10398/8601 Files in this item: 1
Ulslev_Clemmensen.pdf (581.3Kb) -
et design perspektiv på repræsentationer af mennesket i Informationsteknologiens metoder og teknikkerNielsen, Janni; Ørngreen, Rikke; Levinsen, Karin; Yssing, Carsten; Clemmensen, Torkil; Nielsen, Lene (København, 2004)[More information][Less information]
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Pedersen, Jon O.; Vintergaard, Christian (København, 2001)[More information][Less information]