Browsing Departments by Title
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Banghøj, Jesper; Petersen, Christian; Plenborg, Thomas (København, 2008)[More information][Less information]
Abstract: We examine what determines executive compensation in privately held firms. Our study is motivated by the fact that most studies in this area rely on data from publicly traded firms. Further, the few studies that are based on data from privately held firms only examine a limited number of determinants of executive compensation. Previous studies also assume that the quality of compensation contracts is identical across executives. Based on unique data from our survey we create a quality index on each executive’s bonus plan. We conjecture that the pay to performance relation is stronger for better designed bonus plans. URI: http://hdl.handle.net/10398/6751 Files in this item: 1
wp_2008-02.pdf (167.1Kb) -
Plenborg, Thomas; Petersen, Christian; Gabrielsen, Gorm; Banghøj, Jesper (Frederiksberg, 2009)[More information][Less information]
Abstract: We examine what determines executive compensation in privately held firms. Our study is motivated by the fact that most studies in this area rely on data from publicly traded firms. Further, the few studies that are based on data from privately held firms only examine a limited number of determinants of executive compensation. Our findings indicate that the pay to performance relation is weak. Board size and ownership concentration are the only corporate governance characteristics that explain variations in executive compensation. Executive characteristics like skills, title and educational attainment all explain variations in executive compensation. Contrary to our expectations we do not find a stronger pay to performance relation in firms with better designed bonus plans. URI: http://hdl.handle.net/10398/7958 Files in this item: 1
WP_2009-01[1].pdf (271.1Kb) -
Evidence using stochastic frontier approachSinani, Evis; Jones, Derek C.; Mygind, Niels (København, 2007)[More information][Less information]
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Rangvid, Jesper; Sørensen, Carsten (København, 1998)[More information][Less information]
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Pedersen, Torben (København, 2006)[More information][Less information]
Abstract: Subsidiary development is a multi-dimensional construct that cannot be captured just by looking at subsidiary roles, activities, etc. Three distinct dimensions of subsidiary development are identified and these are: scope of subsidiary (the breadth of activities), level of subsidiary competence (the depth of activities) and level of integration in the internal MNC-network. Birkinshaw and Hood (1998a) have in their seminal paper proposed a model where subsidiary development is determined by three factors: Headquarter assignment, dynamism of local business environment and subsidiary initiatives. This paper is the first to conduct a statistical test of this model on a large-sample data set including data of more than 2.100 subsidiaries located in seven different countries in Europe. The effect of the three determining factors on subsidiary development is tested simultaneously in a LISREL model. URI: http://hdl.handle.net/10398/7465 Files in this item: 1
cbs forskningsindberetning smg 40.pdf (2.251Mb) -
The Role of Physical and Intellectual InfrastructureKottaridi, Constantina; Bernhard Nielsen, Bo (København, 2003)[More information][Less information]
Abstract: Abstract In a recent global competitiveness report by the IMF, the four Nordic countries all ranked in top ten, attesting to the region’s growing attractiveness as a host location for MNCs. This paper investigates the driving forces determining foreign direct investment flows into Scandinavia. We use a panel data set covering FDI inflows to Denmark, Sweden, Norway and Finland for the period 1979-2000. Results suggest that, in addition to traditional determinants of FDI, technological advantages of the region are of particular importance for foreign investors. Thus, evidence is provided for the changing pattern of international production indicating strategic needs for MNCs to acquire assets and technology that are specific to particular locations. URI: http://hdl.handle.net/10398/6570 Files in this item: 1
bbn-wp4-2003.pdf (714.2Kb) -
Nielsen, Bo B. (, 2002)[More information][Less information]
URI: http://hdl.handle.net/10398/6541 Files in this item: 1
bn-det20int20strat20all20per.pdf (539.9Kb) -
Førsokratisk informeret, ny-aristotelisk ἦθος-tænkning hos Martin HeideggerMoesby Jensen, Tommy (Frederiksberg, 2010)[More information][Less information]
Abstract: Afhandlingens tematiske sag er en genvindelse af Heideggers tænkning og tænkevej som en før-sokratisk informeret, ny-aristotelisk ἦθος-tænkning og dette som en rekonstruktion af antik selv-ledelses-tænkning. I Komposition, referencer, oversættelser og forkortelser udvikles blandt andet en særlig forbindelse mellem referentialitet og afhandlingens komposition, under inspiration fra Heideggers egen brug af inter- og intra-tekstualitet, og vigtige kilder og formalia præsenteres. Kompositionen og dermed afhandlingens enkelte §’er er tænkt således, at en række temaer gennem afhandlingen ofte forbinder sig med tidligere udviklede temaer, som nu sættes anderledes i spil og ind i nye sammenhænge, og herved oplyses det tidligere og det senere udviklede i en gensidighed. Sagt på en anden måde, så vil en lang række forberedende behandlinger finde en senere udfoldelse, og dette angivet som en tendens i kompositionen....... URI: http://hdl.handle.net/10398/8028 Files in this item: 1
Tommy_Moesby_Jensen.pdf (2.160Mb) -
[More information][Less information]
Abstract: Foreliggende dr. Philos avhandling i filosofi er skrevet som en del av et større og flerårig strategisk instituttprogram, Mennesket, nettverket og stedets betydning for innovasjon, ved Trøndelag Forskning og Utvikling (TFoU). Programmet er hovedsaklig blitt finansiert av Norges Forskningsråd, men med tilskudd både fra Nord-Trøndelag Fylkeskommune og Innovasjon Norge i regionen, samt av interne midler fra forskningsinstituttet selv. Mange år som arbeidslivsforsker førte meg til en erkjennelse om at mennesket må forstås som genuint skapende, som det Skapende Mennesket - Anthropos Ergazesthai. Derved måtte det skapendes ontologi, Geneseins ontologi , utlegges, og mest av alt for at vi alle i det skapende, som skapende og ved det skapte selv, skal kunne forstå oss på det å være menneske, som Et Godt Menneske. Det å gjøre det gode for det godes skyld, er det viktigste prosjekt av alle, fordi vi alle som mennesker ved og i de liv vi lever og beslutter å leve, ubønnhørlig og umettelig har å være. Det forplikter oss til en ubetinget gjestfri omsorg og et grenseløst ansvar for oss selv, for ethvert menneske og for all verden. Geneseins ontologi handler om de grunnleggende eksistensielle, strukturer og betingelser for denne helheten; det skapende - de(n) skapende - det skapte, og hvordan denne på det ontiske plan for vår tilværelse, idealtypisk sett åpner eller lukker for en slik ubetinget gjestfri omsorg og et slikt grenseløst ansvar for vår selv-i-verk-sett-else og verdens-i-verk-sett-else. Men Geneseins ontologi avdekker også når, hvorfor og hvordan de ontiske betingelser for vårt selv-nær-vær og til-stede-vær, ekskluderer oss fra eller inviterer oss til å overgå oss selv i mesterskapet, som en alltid allerede uavsluttet utopi, - til nettopp å kunne være det ALDRI, som vi alle er. URI: http://hdl.handle.net/10398/8441 Files in this item: 1
Niels_Arvid_Sletterød.pdf (12.85Mb) -
Interviewet som meningsdannelsela Cour, Anders; Knudsen, Morten; Thygesen, Niels Thyge (København, 2005)[More information][Less information]
Abstract: Inden for samfundsvidenskaben ser vi et stigende antal analyser, der trækker på et systemteoretisk iagttagelsesprogram. Problemet er, at disse analyser sjældent gør sig spørgsmålet om dataproduktion klart. Og hvis analyserne anvender interviewmetoden, så udelades refleksioner over interviewet som en særlig erkendelsesstrategi ofte. Artiklen forsøger at udfylde dette tomrum. Først præciseres den videnskabelige iagttagelse med afsæt i den tyske systemteoretiker Niklas Luhmanns iagttagelsesprogram. Dernæst diskuteres den kvalitative interviewmetode mhp. at præcisere, hvilken status interviewet har i systemteoretiske analyser. URI: http://hdl.handle.net/10398/6428 Files in this item: 1
wp8-2005.pdf (88.62Kb) -
An Empirical StudyHeimeriks, Koen H.; Duysters, Geert; Vanhaverbeke, Wim (København, 2005)[More information][Less information]
Abstract: This paper assesses the differential performance effects of learning mechanisms on the development of alliance capabilities. Prior research has suggested that different capability levels could be identified in which specific intra-firm learning mechanisms are used to enhance a firm’s alliance capability. However, empirical testing in this field is scarce and little is known as to what extent different learning mechanisms are indeed useful in advancing a firm’s alliance capability. This paper analyzes to what extent intra-firm learning mechanisms help firms develop their alliance capability. Differential learning may explain in what way firms yield superior returns from their alliances in comparison to competitors. The empirical results show that different learning mechanisms have different performance effects at different stages of the alliance capability development process. The main lesson from this paper is that firms can steer the creation and speed of their alliance capability development as different learning mechanisms have differential performance effects and are more appropriate at different levels of alliance capability. Key words: learning mechanisms, alliance capabilities and competitive heterogeneity. JEL classification: L14 URI: http://hdl.handle.net/10398/7459 Files in this item: 1
smg-wp-13-2005.pdf (603.5Kb) -
Nebenzahl, Israel D.; Jaffe, Eugene D.; Usunier, Jean-Claude (København, 2000)[More information][Less information]
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Evidence from DenmarkBechmann, Ken L.; Raaballe, Johannes (København, 2004)[More information][Less information]
Abstract: Abstract It is often asserted that stock splits and stock dividends are purely cosmetic events. However, many studies have documented several stock market effects associated with stock splits and stock dividends. This paper examines the effects of these two types of events for the Danish stock market. Consistent with the existing literature, the two events are associated with a significantly positive announcement effect of ap- proximately 2.5%. However, when examining the two events more carefully, several important results are obtained. First, a firm's motivation for announcing the two events is completely different. Second, the positive stock market reaction is closely related to associated changes in a firm's payout policy, but the relationship varies for the two types of events. Finally, there is only very weak evidence for a change in the liquidity of the stock. On the whole, after controlling for the firm's payout policy, the results suggest that a stock split is a cosmetic event and that a stock dividend on its own is considered negative news. Key words: Stock splits; Stock dividends; Cash dividends; Signaling; Liquidity URI: http://hdl.handle.net/10398/7181 Files in this item: 1
2004_1.pdf (360.0Kb) -
Janning, Finn (København, 2005)[More information][Less information]
Abstract: There is a story about two companies, and how the one was supported and dominated by the other. Even today, more than 13 years after their separation, the support and domination of one company over the other seems to continue. In 2001 NNE (Novo Nordisk Engineering A/S), celebrated its tenth anniversary as an independent affiliate within the Novo Group. The anniversary was celebrated with a huge party at the Øksnehallen Exhibition Centre located in Copenhagen, Denmark. Here NNE launched its new Corporate Visual Identity (CVI). The CVI was created in order for NNE to show the world that it strived to become the market leader in the growing fields of biotechnology and pharmaceuticals. Equally important, NNE wanted to detach itself from its supporter and dominator, the company Novo Nordisk A/S. To begin with, NNE changed its name from Novo Nordisk Engineering A/S to NNE; secondly it created a new logo; and last, as a brand promise, it stated: Unique Know How. In fact, NNE changed all of its visual identity (i.e. CVI) in a manner like that of pirates who want to change identity by raising another flag on the mast before anchoring at a harbor. URI: http://hdl.handle.net/10398/7128 Files in this item: 1
finn_janning.pdf (1.848Mb) -
A literature review and a suggestion of how to study the issueWestenholz, Ann (, 2012)[More information][Less information]
Abstract: Purpose: First, the aim is to clarify that it is worth investigating working life in Chinese companies located in Denmark. Second, I outline a way of how to empirically study the issue. Design/methodology/approach: A literature review and a suggestion of how to study the issue. Findings: There is a growing amount of literature dealing with Chinese and Western working life. The term ‘Western’ mostly refers to studies in North America. However the Danish way of organizing working life is not comparable to that of North America. I argue that we need to research the impact on working life in Denmark when Chinese companies settle in an institutional context like the Danish one. It is shown that Chinese institutional orders of organizing working life are very different to those in Denmark. I outline a method of how to empirically study the interaction between Chinese and Danish managers and employees working together in Chinese companies in Denmark. I argue that when these people work together, they also become engaged in institutional work dealing with the inconsistencies between the institutional orders of organizing. To study how institutional work emerges, I propose that we take inspiration from Boltanski and Thévenot’s theory of justification, different worlds, and different worth. Research limitation: The empirical data gathering has just started and the analysis has yet to be conducted. Practical implications: Even though the paper is not based on an empirical study, implications for studying how working life is organized in Chinese companies located in Denmark are suggested. Keywords: Internationalization of Chinese companies. Institutional orders of working life in China and Denmark. Institutional work in Chinese companies settled in Denmark. Boltanski and Thévenot’s theory of justification, different worlds, and different worth. URI: http://hdl.handle.net/10398/8644 Files in this item: 1
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The Case of DenmarkBjørn-Andersen, Niels; Viborg Andersen, Kim (København, 2003)[More information][Less information]
Abstract: The Danish companies are ahead of the US in B2C e-commerce. With the exception of Germany, Denmark is leading the group of 10 countries included in the survey data forming the basis for this report. The average global sample and countries as Germany is performing substantial better than Denmark on B2B on-line sales. Danish companies have high level of investments in IT, have the lowest barriers for ecommerce and the highest levels of e-commerce drivers. On most indicators for readiness e-commerce such as companies use of e-mail, intranet, EDI, extranet, and provision of mobile services... URI: http://hdl.handle.net/10398/6484 Files in this item: 1
gec_paper_iii_dk_august_2003.pd.pdf (329.4Kb) -
Analyzing the illegal distribution of digital games via BitTorrentDrachen, Anders; Bauer, Kevin; Veitch, Robert W. D. (Frederiksberg, 2011)[More information][Less information]
Abstract: The practice of illegally copying and distributing digital games is at the heart of one of the most heated and divisive debates in the international games environment. Despite the substantial interest in game piracy, there is very little objective information available about its magnitude or its distribution across game titles and game genres. This paper presents the first large-scale, open-method analysis of the distribution of digital game titles, which was conducted by monitoring the BitTorrent peer-to-peer (P2P) filesharing protocol. The sample includes 173 games and a collection period of three months from late 2010 to early 2011. With a total of 12.6 million unique peers identified, it is the largest examination of game piracy via P2P networks to date. The study provides findings that reveal the magnitude of game piracy, the timefrequency of game torrents, which genres that get pirated the most, and the relationship between aggregated review scores and ESRB-ratings. URI: http://hdl.handle.net/10398/8495 Files in this item: 1
drachen_bauer_veitch_2011.pdf (2.033Mb) -
Contextual Creation of Knowledge Versus Global Transfer of KnowledgeHolm, Ulf; Pedersen, Torben (København, 2000)[More information][Less information]
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Gammelgaard, Jens; McDonald, Frank; Tüselmann, Heinz-Josef; Dörrenbächer, Christoph; Stephan, Andreas (København, 2006)[More information][Less information]
Abstract: This paper develops a conceptual framework on the strategic development of subsidiaries and the direct employment of skilled labour. The framework is based on autonomy, and intra and inters organizational relationships. The conceptual model outlines the conditions that are likely to lead to too much, or too little, autonomy and intra and inter organizational relationships. This model is then used to develop propositions on the links between autonomy and intra and inter organizational relationships and direct employment of skilled labour. URI: http://hdl.handle.net/10398/6521 Files in this item: 1
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US and EU EvidencePedersen, Torben; Thomsen, Steen; Kvist, Hans Kurt (København, 2001)[More information][Less information]