Browsing Departments by Title
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Non-linearity and Absorptive CapacityChen, Taotao; Kokko, Ari; Tingvall, Patrik Gustavsson (Frederiksberg, 2010)[More information][Less information]
Abstract: Using a fixed effect variance decomposition model, we estimate SUR models to analyze FDI spillovers from contagion and spillovers from competition on local firms in China. While the former type of spillover mainly depends on the degree of foreign presence in the local industry, the latter kind is related to how foreign and local firms interact. The main conclusion is that FDI has been beneficial for the Chinese economy, but that spillovers are not evenly distributed across firms and industries. Spillovers from contagion tend to exhibit an inverse U-shaped pattern with respect to the degree of foreign presence at the industry level, whereas spillovers from competition are more linear with respect to the level of technological sophistication of foreign firms. Industries with high absorptive capacity and/or high efficiency are the ones best equipped to take advantage of spillovers from foreign-owned firms. Moreover, there are signs of substantial competition between foreign-owned firms. URI: http://hdl.handle.net/10398/8033 Files in this item: 1
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evidence from ArgentinaNarula, Rajneesh; Marin, Anabel (København, 2003)[More information][Less information]
Abstract: It is nowadays generally accepted that inward foreign direct investment (FDI) is crucial as a source of technological spillovers. One of the objectives of this paper is to review the evidence on the quantity and quality of human capital employed by domestic and foreign firms. We examine whether spillovers accrue from MNE activity, and provide a preliminary understanding of why MNE spillovers remain somewhat ambiguous, particularly in developing countries, paying particular attention to human capital development. Our analysis is supported by data from the Innovation Survey in Argentina. On the whole, MNE subsidiaries hired more professionals than domestic firms of the same size, possessed a more skilled labour force overall, and spent more on training than similar domestic firms. Subsidiaries in Argentina effectively have a higher labour productivity and pay higher wages. Yet, in terms of knowledge creation and utilisation, there was little to differentiate affiliates from domestic firms. While there is little evidence of widespread FDI spillovers, where spillovers did occur, it was where domestic firms demonstrated high investment in absorptive capacities. Our analysis also suggests that much of MNE activity - particularly after liberalisation - has been of the kind that by definition has limited opportunities for linkages and spillovers. These are activities in which MNEs may simply be able to generate economic rent from their superior knowledge of markets, and their ability to efficiently utilise their multinational network of affiliates. These assets are not generally easily spilled over to domestic firms. URI: http://hdl.handle.net/10398/6593 Files in this item: 1
narula marin 2003-016.pdf (382.4Kb) -
Uldam, Julie (Frederiksberg, 2010)[More information][Less information]
Abstract: In the wake of increasing disillusion with the potential of alternative online media for providing social movements with a virtual space for self-representation and visibility (Atton, 2002; Downing, 2001; Rodriguez, 2001) activists have been adopting online social media into their media practices. With their popular appeal and multimodal affordances social media such as YouTube and Facebook have reinvigorated hopes for the potential of the internet for providing social movements such as the Global Justice Movement, which is often misrepresented as a homogeneous and in a negative light in the mass media (Gamson and Wolfsfeld, 1993; Juris, 2008), with new possibilities for promoting self-representations to wider publics – beyond the echo chambers of alternative media (Cammaerts, 2007; Sunstein, 2001). In the mediation of institutional politics the increasing use of popular online spaces has brought about the term ’YouTube‐ification of Politics’ (Turnsek and Jankowski, 2008). However, two challenges remain: the first relates to fragmentation – the internet’s properties as a ‘pull-medium’ is argued to merely connect likeminded users (Cammaerts, 2007: 138). The second relates to ’lazy politics’ – the internet’s ephemeral properties are argued to facilitate brief participation in single-issue campaigns that fails to foster political engagement (Fenton, 2008a: 52). This thesis focuses on the latter. It addresses the possibilities of popular online spaces for fostering collective solidarity and political engagement in social movement organisations. It explores how these possibilities are played out in the online arena of popular sites employed by the two London-based social movement organisations: the World Development Movement (WDM) and War on Want. Drawing on the cases of WDM and War on Want, the thesis addresses three dimensions of these practices, exploring (1) rationales for using popular online spaces to promote the SMO agenda; (2) the social movement organisations’ online campaigns; and (3) members’ identifications with the campaigns through discourse analysis and interviews with SMO directors, campaign, outreach and web officers as well as SMO members. It is by analysing how SMOs use different online spaces as locations for strategic framing and the formation of political identities that we can begin to study how the internet may contribute to an agonistic public sphere where also voices of dissent are heard. The thesis is based on Mouffe’s understanding of politics and the political as grounded in discourse but also based on a view of political engagement as conflictual, affective and sometimes irrational (Cammaerts, 2007; Fenton, 2009; Mouffe, 2005). Even though this does not mean that SMOs do not apply rational considerations in planning their strategic agendas for public visibility and legitimacy, it does mean that the study of these considerations need to take into account this dual character of political discourse as both rational and affective (Hajer and Versteeg, 2005). Therefore, we need to consider instrumental and affective issues to understand the relationship between strategic protest and the underlying dynamics of intragroup commitment (Griggs and Howarth, 2002; Snow et al., 1986) – the interconnections between strategy and identity, external resonance and internal commitment. In this way, the democratic potentialities of the internet can be seen as not only related to the ways in which SMOs communicate their agenda but also to potentialities for forging political identities and commitment (Fenton, 2008a). URI: http://hdl.handle.net/10398/8211 Files in this item: 1
Julie_Uldam.pdf (6.193Mb) -
a cross-cultural comparison of ELLEMoeran, Brian (København, 2002)[More information][Less information]
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advertising social organisation in JapanMoeran, Brian (København, 2002)[More information][Less information]
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The Implications for Whole Farm Risk ManagementFriis Pedersen, Michael (Frederiksberg, 2013)[More information][Less information]
Abstract: This thesis analyzes the institutional framework around risk management in Danish agriculture, with the two main sectors, the hog and the dairy sector in mind, and it suggests a new more active role for the cooperatives in these sectors, with regard to the reallocation of price risk among members. The thesis consists of a general introduction, three linked but independent and self-contained papers and a conclusion. The first paper introduces a measure of credit capacity using Data Envelopment Analysis. This is a novel application of a well-known methodology from production economics on financial issues. The paper was motivated by the fact that most literature on risk management explains the rationale for risk management activities such as hedging, with increased ability to obtain finance via debt. However, no hedging had been performed on the output side for Danish pig or dairy farms, while access to debt capital seemed abundant. It seemed that farmers may have been thinking “Why hedge, if you can borrow?” The perception of the abundant availability of liquidity in the form of credit reserves may have been an explanation for the absence of other risk management activities in the sectors and why a measure and empirical analysis of the development in credit capacity was needed. However, existing measures of access to credit had focused on the dichotomous question of whether firms are financially constrained or not, while the relative unconstrainedness of firms (farms) would have explained the absence of risk management. An analysis of some 92,000 farm accounts from 1996 to 2009 found that access to credit roughly doubled during the period. This may have been an important explaining factor for the (absent) development of risk management institutions. URI: http://hdl.handle.net/10398/8817 Files in this item: 1
Michael Friis Pedersen.pdf (1.612Mb) -
explaining incremental changeMoschella, Manuela; Tsingou, Eleni (Frederiksberg, 2013)[More information][Less information]
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Olai Hansen, Bodil; Keiding, Hans (København, 2004)[More information][Less information]
Abstract: We consider a simple model of international trade under uncertainty, where production takes time and is subject to uncertainty. The riskiness of production depends on the choices of the producers, not observable to the general public, and these choices are influenced by the availability and cost of credit. If investment is financed by a bond market, then a situation may arise where otherwise identical countries end up with different levels of interest and different choices of technique, which again implies differences in achieved level of welfare. Under suitable conditions on the parameters of the model, the market may not be able to supply credits to one of the countries. The introduction of financial intermediaries with the ability to control the debtors may change this situation in a direction which is welfare improving (in a suitable sense) by increasing expected output in the country with high interest rates, while opening up for new problems of asymmetric information with respect to the monitoring activity of the banks. Keywords: Capital outflow, financial intermediaries, moral hazard JEL classification: F36, D92, E44 URI: http://hdl.handle.net/10398/7498 Files in this item: 1
wpec072004.pdf (112.4Kb) -
Lessons from the UKMallin, Chris; Mullineux, Andy; Wihlborg, Clas (København, 2004)[More information][Less information]
Abstract: In 1992 the Cadbury Committee report on the financial aspects of corporate governance was published. The Committee had been established following the failures of a number of high profile businesses in the UK which had shaken confidence in the market. Some nine years later, in 2001, the collapse of Enron sent shockwaves through the US market. As a result of the Enron collapse and various other high profile scandals in the years since its occurrence, the US is examining its own corporate governance structures and provisions to determine how these might be improved and help avoid another Enron. The EU similarly is developing principles and legislation to improve corporate governance, and scandals such as Royal Ahold and Parmalat have helped drive further governance reforms. In this paper we detail the development of corporate governance codes in the UK and the adaptation of similar codes in the EU. We discuss the role of the financial sector in corporate governance and how principles for regulation and supervision of the financial sector complement codes of conduct and legislation in the area of corporate governance. JEL Classification numbers: G34, G28, G22, G23 Keywords: corporate governance, financial sector; institutional investors. URI: http://hdl.handle.net/10398/6789 Files in this item: 1
wplefic062004.pdf (171.8Kb) -
Evidence from Estate Sales due to Sudden DeathAndersen, Steffen; Meisner Nielsen, Kasper (Frederiksberg, 2013)[More information][Less information]
Abstract: We exploit a natural experiment in Denmark to investigate when forced sales lead to fire sale discounts. Forced sales result from sudden deaths of house owners in an institutional environment in which beneficiaries are forced to settle the estate, and hence sell the house, within 12 months. We identify 6,329 forced sales by suddenly deceased house owners, and find that forced sales bring in lower prices than do comparable houses as the deadline winds down: We find no discounts for sales long before the deadline, and discounts of 12.5% for sales shortly before the deadline. Market conditions and the urgency of the sale also affect the average discount: Discounts are larger when house prices contract, in thin markets where demand is lower, and when the sale is more likely to be a fire sale because of financial or liquidity constraints. Late fire sales are more likely when the house price is in the loss domain suggesting that disposition effects play a role in explaining discounts. We establish these results using (i) a hedonic pricing model, and (ii) the tax authorities’ yearly assessments of value as benchmark for realized prices. Overall, our results characterize market conditions under which forced sales lead to fire sale discounts. URI: http://hdl.handle.net/10398/8838 Files in this item: 1
Andersen_Meisner Nielsen.pdf (286.7Kb) -
Håkanson, Lars (København, 2008)[More information][Less information]
Abstract: Based on a social-constructivist conceptualization of knowledge as residing in groups of practitioners, epistemic communities, this paper proposes a new perspective on the knowledge based view of the firm and sketches the outline of a new research agenda. It argues that the cost of governing knowledge processes depends as much on the cognitive background of the exchange partners as on the tacitness of the knowledge. Firms exist because they may form epistemic communities in their own right with enabling and motivational properties superior to those of markets in the governance of knowledge processes across epistemic boundaries. Establishing a firm as an epistemic community requires transaction specific investments that are difficult to realize under market forms of governance. URI: http://hdl.handle.net/10398/6534 Files in this item: 1
wp4-2008.pdf (121.6Kb) -
The Role of Competition and of the Initial Firm Efficiency. Evidence from the Czech Republicla Cour, Lisbeth; Ionascu, Delia (København, 2007)[More information][Less information]
Abstract: It has been argued that the effect of competition on a company’s incentive to innovate and to reduce managerial slack depends on the initial level of efficiency. For example, while firms close to the technology frontier invest more in innovation if competition increases, backward firms reduce innovation. On a panel data of Czech companies, for the years 1993-2005, we empirically assess the impact of increased competition on firm productivity and the importance of the initial firm efficiency level. We depart from the empirical literature on emerging markets by taking into account both domestic and foreign competition. In line with the theory, our results show that there is an inverted U-relationship between domestic competition and firm productivity. Our results also confirm that trade liberalization has a positive impact on productivity. However, the effect is less significant if domestic competition is not taken into account. In addition, we find that both domestic and foreign competition have an effect on productivity in companies close to the technology frontier but not in backward companies. URI: http://hdl.handle.net/10398/7653 Files in this item: 1
wp9-2007.pdf (2.398Mb) -
Framing Research Collaboration Through ScreensBjørn Vedel, Jane (København, 2011)[More information][Less information]
Abstract: In recent years, research collaboration between academic and corporate scientists has become a matter of concern for policy makers as well as research managers in academia and industry. Often, both in public research policies and in university and company strategies, science-industry collaboration has been presented as a catalyst for advancing science for the benefit of society as well as for the involved collaborators. The same policies and strategies, however, often emphasize that science-industry collaboration is difficult and demanding due to inherent and often incommensurable differences between the respective goals and processes of academia and industry. URI: http://hdl.handle.net/10398/8561 Files in this item: 1
Jane-Vedel-2011.pdf (257.8Kb) -
Østrup, Finn (København, 2005)[More information][Less information]
Abstract: The article analyses how government spending is determined under different exchange rate regimes in the context of a small open economy. Assuming nominal wage contracts which last for one period and assuming a benevolent government which determines government spending to optimise a representative individual’s utility, it is demonstrated that there are differences between exchange rate regimes with respect to the level of government spending. These differences arise first because a rise in government spending affects macroeconomic variables differently under different exchange rate regimes, and second because the government’s inclination to expand government spending is affected by inflation which depends on the exchange rate regime. At low rates of inflation, the government is inclined to set a higher level of government spending under a fixed exchange rate regime than under a floating exchange rate regime in which the monetary authority optimises preferences which include an employment target and an inflation target. As government spending affects the representative individual’s utility, the choice of exchange rate regime has an impact on welfare. Keywords: exchange rate regimes; fiscal policy; monetary union; inflation targeting. JEL classicification: E42, E61, E62, F33. URI: http://hdl.handle.net/10398/7140 Files in this item: 1
endeligt_wp_2005-1.pdf (290.0Kb) -
Lund-Thomsen, Peter (København, 2007)[More information][Less information]
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Obed Madsen, Søren (Frederiksberg, 2012)[More information][Less information]
Abstract: Although a strategy, in theory, should help the organization to move in the same direction by showing a direction for the organization, in practice the strategy increases the number of possible paths, as managers translate the strategy into their own context. This increases the number of strategies in the organization, and it becomes difficult to get an overview of the interaction and relationships between the translated strategies. The managers distinguish between the different parts of the strategy, such as the abstract words or intention, and the concrete as targets and projects. Managers use the various parts of the strategy in different contexts, but still speak about "strategy" even if they have changed dimension like the words and KPIs. Another dimension is that the managers also perceive the strategy as correct, but irrelevant, which is linked to their distinction between the abstract and the concrete in the strategy. The abstract dimension is perceived as being true, while the effet of the strategy may be irrelevant for certain managers. The strategy is also used as documentation for senior management intentions. This allows other players to gain insight into top management's thinking, take 2 countermeasures, resist in an elegant way, or just prepare to argue his case within the logic of the strategy. URI: http://hdl.handle.net/10398/8591 Files in this item: 1
Søren_Obed_Madsen.pdf (158.3Kb) -
Om kulturel produktion på Roskilde FestivalMunkgård Pedersen, Kristine (Frederiksberg, 2010)[More information][Less information]
Abstract: The dissertation explores how cultural production is unfolding at Roskilde Festival – the biggest music- and culture festival in Denmark. The overall question being adressed is how the festival is assembled. The question is explored through four subquestions related to the cultural expressions, identity and materiality of the festival. The first part of the dissertation investigates the specificity of the festival’s audience- based culture. The symbolic and historical connections between the festival and the 1960s’ cultural activism is argued to be of an importance to the socioaesthetics, performed jointly by audience as well as performers. The dissertation further investigates how the identity of the festival is being negotiated between a number of different commercial and cultural actors: sponsors, volunteers and artists among others. The many different economic and cultural practices and values converge when the festival ground is being transformed from anonymous space to festival space embracing both cultural and commercial content. In this regard the dissertation investigates how the valuebased economic logics of subcultural production is debated and negotiated during the pratices of materializing space. It is argued that the complexity of the festival identity adds to the credibility of the festival and its many different producers. The second part of the dissertation is a socio-material analysis of two festival projects. One is the hybrid festival area Cosmopol, the other is the Orange Stage area. The analyses are based on a research agenda developed by the Actor- Network-Theory (ANT) which explores how ideas are materialised through proceses of interaction, translation and involvement. The explorations explain how subcultural attitudes, practices of transgression and oppositional identity are distributed through an ephemeral network of actors including humans (volunteers, artists, performers) and things (scenes, art works, graffiti, pictures and music) which forge performative alliances with the festival audience. URI: http://hdl.handle.net/10398/8058 Files in this item: 1
Kristine_Munkgaard_Pedersen.pdf (17.24Mb) -
Schachtenhaufen, Ruben (Frederiksberg, 2013)[More information][Less information]
Abstract: Med udgangspunkt i det danske talesprogskorpus DanPASS undersøges tilbøjeligheden til fonetisk reduktion i dansk talesprog i forhold til en række intralingvistiske faktorer. I undersøgelsen udføres en kortlægning mellem 300.000 fonemer og foner. På baggrund af denne kortlægning er det muligt at danne et meget detaljeret billede af både hvor i sproget den fonetiske realisering afviger fra den fonologisk forudsagte form, og naturen af denne afvigelse. I afhandlingen fokuseres der på den type afvigelser der kan karakteriseres som reduktioner, dvs. svækkelse og bortfald af de enkelte lydsegmenter. De reducerede forekomster sammenlignes med de øvrige annoterede lag i korpusset, herunder grammatiske, informationsstrukturelle og prosodiske forhold. Det demonstreres at tilbøjeligheden til reduktion, såvel som reduktionernes fonetisk resultat, i høj grad er knyttet til lingvistisk faktorer, såsom ordklasse, grammatisk funktion, ny vs. kendt information, fokus, emfase mm. foruden en række fonologiske faktorer. Reduktioner bliver ofte betragtet som sprogligt ukrudt, men på baggrund af den systematiske sammenhæng med informationsbærende elementer i sproget, virker det rimeligt at betragte reduktioner som funktionelle elementer, der er understøttende for kommunikationen snarere end forstyrrende. I afhandlingen udforskes og dokumenteres en række tilbøjeligheder som ikke tidligere er undersøgt i dansk, og kun sparsomt i internationale sammenhænge. Herigennem opnås et dybere indblik i dansk lydstruktur og de mønstre som reduktioner generelt ser ud til at følge. URI: http://hdl.handle.net/10398/8676 Files in this item: 1
Ruben_Schachtenhaufen.pdf (2.520Mb) -
International Competition and Industrial Districts in the Italian Fottwear IndustryLorentzen, Jochen (København, 2003)[More information][Less information]
Abstract: ABSTRACT The paper analyses the effect on manufacturers in Italy’s footwear districts of international competition, and investigates the underresearched nature of the link between international competition and the internal cohesion of districts. It addresses if and how global competition provokes the (partial) geographic fragmentation of local supply chains, dislocating select local parts manufacturers in its wake. The findings suggest that when international competition threatens the viability of local production, firms with the requisite organisational capabilities delocalise parts of the value chain. This helps them to retain competitive advantages but it also reduces agglomeration. This insight should inform regional development policy. Keywords: Industrial districts, footwear industry, international competition, delocalisation URI: http://hdl.handle.net/10398/6552 Files in this item: 1
jl-wp7-2003.pdf (1.046Mb) -
Sestoft, Christine (Frederiksberg, 2009)[More information][Less information]
Abstract: E-business is marching on in several markets, but not in one important one: the grocery market. The lesson learned in the last ten, fifteen years, from brick-and-mortar supermarkets going online, is, that it is very difficult to profit from digitalizing the daily buying of groceries. All consumption research shows that online grocery business still has a lot of functional, e.g. technical and sensory, disadvantages to offline ditto. Apparently it is not much easier to plan, choose and buy groceries online than in the traditional retailer/supermarket. Some of the relative few experienced grocery consumers supports the theory that one may save some time and effort getting ones groceries packed and delivered, but to the majority this is obviously just not good enough, especially when accounting the delivery fee. However, the functional disadvantage explanation cannot stand alone as an answer to why online grocery business is not more of a success - and it may even be overrated. New sales channels have always had the "disadvantage" of not functioning like/as good as the old ones. To me, another interesting issue to the subject seems to be about consumer values and how their practising is not supported in this new sales channel.... URI: http://hdl.handle.net/10398/7737 Files in this item: 1
Christine_sestoft.pdf (1.323Mb)