Browsing Departments by Title
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Any Gains from TradeFoss, Nicolai J.; Klein, Peter G. (København, 2004)[More information][Less information]
Abstract: Although they have developed very much in isolation from each other, we argue the theory of entrepreneurship and the economic theory of the firm are closely related, and each has much to learn from the other. In particular, the notion of entrepreneurship as judgment associated with Frank Knight and some Austrian school economists aligns naturally with the theory of the firm. In this perspective, the entrepreneur needs a firm, that is, a set of alienable assets he controls, to carry out his function. We further show how this notion of judgment adds to the key themes in the modern theory of the firm (i.e., the existence, boundaries, and internal organization). In our approach, resource uses are not data, but are created as entrepreneurs envision new ways of using assets to produce goods. The entrepreneur’s decision problem is aggravated by the fact that capital assets are heterogeneous. Asset ownership facilitates experimenting entrepreneurship: Acquiring a bundle of property rights is a low cost means of carrying out commercial experimentation. In this approach, the existence of the firm may be understood in terms of limits to the market for judgment relating to novel uses of heterogeneous assets; and the boundaries of the firm, as well as aspects of internal organization, may be understood as being responsive to entrepreneurial processes of experimentation. Key words: Entrepreneurship, heterogeneous assets, judgment, ownership, firm boundaries, internal organization. JEL Codes: B53, D23, L2 URI: http://hdl.handle.net/10398/6429 Files in this item: 1
04-12.pdf (343.6Kb) -
Olaison, Lena (Frederiksberg, 2014)[More information][Less information]
Abstract: This PhD dissertation is based on four published articles. It operates within the processual view of entrepreneurship studies (Steyaert, 1997), which draws on process philosophy to develop research strategies (Sørensen, 2005). The research has been guided by two strategies for understanding entrepreneurship: ‘moving’ (e.g. Steyaert and Hjorth, 2003) and ‘unveiling’ (e.g. Jones and Spicer, 2009). These strategies have so far been pursued largely in the conceptual domain, and this doctoral dissertation is an effort to take them a step further by combining empirical investigation and philosophical reflection. The aim is to investigate how a processual study of entrepreneurship ‘should be worked out’ in practice (Kristensen, Lopdrup-Hjorth and Sørensen, 2014). The first two studies contribute an empirically informed conceptualisation of entrepreneurship, the first focused on how organisations are created, the second providing stories of emerging practices of female entrepreneurs. Though they aim to provide alternative conceptualisations, they remain firmly rooted in ‘traditional’ social science, offering alternative approaches to the dominant understandings of entrepreneurship, and utilizing accepted and traditional methodologies and theories. The last two papers are more experimental in their design. The aim is still to problematize discursive or practical aspects of entrepreneurship and processes around entrepreneurship, but also to investigate alternative methods for creating knowledge. The third study explores the somewhat paradoxical results of SME support schemes and develops a role-play-enhanced focus group technique. The fourth study is based on an organisational ethnography in antiquarian bookshops and experiments with fictional accounts and literary techniques as methods to generate knowledge. The contribution of this dissertation to processual studies in entrepreneurship research is twofold. The first two papers are illustrations of an application of process concepts, while the last two papers illustrate the attempt to create process concepts. Taken together, the studies demonstrate how a processual study of entrepreneurship might be worked out in practice. URI: http://hdl.handle.net/10398/8917 Files in this item: 1
Lena_Olaison.pdf (1.130Mb) -
Foss, Nicolai J. (Frederiksberg, 2011)[More information][Less information]
Abstract: This chapter discusses entrepreneurship in the context of the RBV. What does the RBV have to say that the study of entrepreneurship may usefully draw on? And, conversely, how can entrepreneurship research further the RBV? I begin by sketching the RBV. I then discuss the relation between the RBV and entrepreneurship research, before I characterize a new research stream that has emerged over the last decade or so in the intersection of the RBV and entrepreneurship research, namely “strategic entrepreneurship.” URI: http://hdl.handle.net/10398/8251 Files in this item: 1
SMG WP 8_2011.pdf (234.9Kb) -
Towards a new SynthesisFoss, Nicolai J.; Klein, Peter G.; Kor, Yasemin Y.; Mahoney, Joseph T. (København, 2006)[More information][Less information]
Abstract: This paper maintains that the consistent application of subjectivism helps to reconcile contemporary entrepreneurship theory with strategic management research in general, and the resource−based view in particular. The paper synthesizes theoretical insights from Austrian economics and Penrose’s (1959) resources approach, arguing that entrepreneurship is inherently subjective and firm specific. This new synthesis describes how entrepreneurship is manifested in teams, and is driven by both heterogeneity of managerial mental models and shared team experiences. URI: http://hdl.handle.net/10398/7463 Files in this item: 1
cbs forskningsindberetning smg 67.pdf (455.7Kb) -
Foss, Nicolai Juul; Foss, Kirsten (København, 2006)[More information][Less information]
Abstract: This paper responds to Kim and Mahoney’s "How Property Rights Economics Furthers the Resource-Based View: Resources, Transaction Costs and Entrepreneurial Discovery" (a comment on Foss and Foss, 2005). While we agree with many of their arguments, we argue that they fail to recognize how exactly transaction costs and property rights shape the process of entrepreneurial discovery. We provide a sketch of the mechanisms that link entrepreneurship, property rights, and transaction costs in a resource-based setting, contributing further to the attempt to take the RBV in a more dynamic direction. URI: http://hdl.handle.net/10398/7476 Files in this item: 1
cbs forskningsindberetning smg 47.pdf (357.2Kb) -
Ramirez, Jacobo; Gómez, Sergio Manuel Madero; Muñiz, Carlos (Frederiksberg, 2014)[More information][Less information]
Abstract: This research aims to investigate the various direct and indirect impacts of organized violence and crime on small and medium-sized enterprises (SMEs), as well as entrepreneurs’ responses to violent acts. A mixed-method design based on a quantitative content analysis of 204 news stories found in the international press and a multi-case study covering 10 SMEs operating in Monterrey, Mexico, is used to explore entrepreneurs’ responses to the direct and indirect effects of violent acts. The results highlight the dynamic between informal and formal institutions in SMEs’ attempts to survive in complex institutional contexts. Future studies based on the results of this research could enhance the literature on SMEs and entrepreneurs in emerging markets. The results, which illustrate entrepreneurs’ responses to violent acts, enhance our understanding of the emerging operational and managerial strategies of SMEs operating in complex institutional contexts. The findings highlight the emerging process of social change in Mexican society among members of the middle class, and various attempts to fight back against organized violence and crime in a non-violent manner. SMEs are important in Mexico and Latin America. However, the understanding of the direct and indirect impacts of organized crime and violence on SMEs is limited. This research identifies and analyzes the emerging responses of entrepreneurs to these institutional constraints. URI: http://hdl.handle.net/10398/9001 Files in this item: 1
Ramirez_madero_and_muniz_wp1.pdf (339.9Kb) -
managing the environment in an open economyEriksen, Janne; Hansen, Michael W. (København, 1999)[More information][Less information]
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new challenges for environmental and foreign policiesTemme, Cornelia B.; Koch, Christine (København, 1999)[More information][Less information]
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Islands of environmental excellence?Ruud, Audun (København, 2000)[More information][Less information]
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does foreign ownership make a difference?Hansen, Michael W. (København, 1999)[More information][Less information]
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Xian, Guoming; Zhang, Cheng (København, 2000)[More information][Less information]
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Traveling ideas for providing transparency and trust?Georg, Susse (København, 2003)[More information][Less information]
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economic integration and the Nordic CountriesBenito, Gabriel R.G.; Grøgaard, Birgitte; Narula, Rajneesh (København, 2002)[More information][Less information]
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On the role of knowledge in industrial districtsHåkanson, Lars (København, 2003)[More information][Less information]
Abstract: This paper questions the prevailing notions that firms within industrial clusters have privi-leged access to ‘tacit knowledge’ that is unavailable – or available only at high cost – to firms located elsewhere, and that such access provides competitive advantages that help to explain the growth and development of both firms and regions. It outlines a model of cluster dynam-ics emphasizing two mutually interdependent processes: the concentration of specialized and complementary epistemic communities, on the one hand, and entrepreneurship and a high rate of new firm formation on the other. URI: http://hdl.handle.net/10398/6627 Files in this item: 1
working paper 2003-10.pdf (320.9Kb) -
The Theory of Mind in Principal-agent RelationsLinder, Stefan; Foss, Nicolai J.; Stea, Diego (Frederiksberg, 2014)[More information][Less information]
Abstract: Agency theory studies the impact of and remedies to asymmetrically distributed information in principal-agent relations. Yet, it does so in a surprisingly binary manner: It assumes the principal to be perfectly knowledgeable of some pieces of information (such as the agent’s risk aversion), while others (such as the agent’s true effort exerted) are considered to be perfectly private information of the agent. Agency theory thus makes very asymmetrical assumptions about the knowledge of principals and agents, largely neglecting the human capacity for interpersonal sense-making. This chapter explores the implications of instilling agency theory with a more realistic account of the human capacity to read other people’s desires, intentions, knowledge, and beliefs—that is, to have a theory of someone else’s mind. URI: http://hdl.handle.net/10398/8885 Files in this item: 1
Nicolai_Foss_SMG 3_2014.pdf (554.0Kb) -
Boom, Anette (København, 2008)[More information][Less information]
Abstract: This paper uses an adapted version of the linear tracing procedure, suggested by Harsanyi and Selten (1988), in order to discriminate between two types of multiple Nash equilibria. Equilibria of the same type are pay-off equivalent in the analysed multiple-unit unit price auction where two sellers compete in order to serve a fixed demand. The equilibria where the firm with the larger capacity bids the maximum price, serves the residual demand and is undercut by the low capacity firm that sells its total capacity risk dominate the equilibria where the roles are interchanged. URI: http://hdl.handle.net/10398/7664 Files in this item: 1
wp2-2008.pdf (302.0Kb) -
a study of India's corporate sectorPatibandla, Murali (København, 2001)[More information][Less information]
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The Role of Host Country Governance ManagementGloberman, Steven; Nielsen, Bo B. (København, 2006)[More information][Less information]
Abstract: A substantial literature has evolved focusing on the ownership structure of international strategic alliances (ISAs). Most of the relevant studies are theoretical in nature and concentrate on the conceptual factors that influence the choice between equity and non-equity structures. A smaller number of studies provide some empirical evidence on the importance of some of the conceptual factors. The theoretical literature highlights the potential influence of relational capital and transaction costs as determinants of ISA structure; however, there is little empirical evidence on the relative importance of these potential determinants. Moreover, there is only limited and indirect evidence bearing upon the impact of host country governance attributes on ISA ownership structure. In this study, we provide statistical evidence on the importance of potential determinants of governance mode choice for a sample of ISAs involving Danish firms. Our study documents how the determinants of governance mode choice vary in importance depending upon the "quality" of the governance infrastructure of the host country. Key words: Relational Capital, Governance, International Strategic Alliance URI: http://hdl.handle.net/10398/7422 Files in this item: 1
smg wp 2006-019.pdf (381.8Kb) -
en undersøgelse af Sigchi.dk fællesskabets videnClemmensen, Torkil; Leisner, Pelle (København, 2002)[More information][Less information]
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Abstract: Participation rate on the Greenland labour market: situation of year 2000 A goal is that a large part of the population of normal working age is employed. The participation rate is one of the statistics used to describe the performance of the economy in this respect. Two sources are used to arrive at an estimate of the rate both for Greenland in general and for four regions defined by four so called growth towns: Nuuk, Sisimiut, Ilulissat and Qaqortoq. They are Statistic Greenland’s publications on employment and on unemployment. There are some difficulties using the available data: the employment and unemployment surveys refer to periods whereas the potential workforce is counted at a date. Furthermore persons with yearly income below an arbitrary limit of 40.000 DKK are sorted out even though they should contribute to the number of full year employed. The participation rate is found to be much higher in Nuuk than in the other regions. For Greenland as such the number is in line with figures for Western Europe and North America. Characteristics of people not in the work force are looked for. To some extent a connection exists to the number people receiving pension as disabled, people in education, and those on leave because of childbirth, but the relation is imperfect and great differences are seen between regions. URI: http://hdl.handle.net/10398/7604 Files in this item: 1