Browsing Departments by Subject "europa"
Now showing items 1-5 of 5
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Pedersen, Torben; Thomsen, Steen (København, 2001)[More information][Less information]
Abstract: The causal relationship between insider ownership and market valuation is tested by simultaneous estimation of the causes and effect of insider ownership among the largest continental European companies. Controlling for nation and industry effects insider ownership (measured by the fraction of "closely held" shares) is found to have a positive effect on market valuation (market-to-book values). And market valuation is found to have a positive feedback effect on the level of insider ownership. The findings provide empirical support for a theoretical model proposed by La Porta et al (1999). But the results are also found to be sensitive to owner identity: while a higher level of financial and corporate insider ownership is found to increase market valuation, family ownership has no significant effect, and a higher level of government ownership is found to reduce market valuation. URI: http://hdl.handle.net/10398/6535 Files in this item: 1
linkwp01-13.pdf (92.70Kb) -
Bennedsen, Morten; Nielsen, Kasper (København, 2002)[More information][Less information]
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Pedersen, Ove K. (København, 2005)[More information][Less information]
Abstract: This paper examines the influence of European integration on the relationship between state administration and private interests in the four Nordic countries – Sweden, Denmark, Norway and Finland. By private interests I mean interest organizations, private corporations and independent experts. The paper focuses exclusively on the national policy processes that are involved with managing European Union (EU) issues. More specifically, this paper discusses two aspects of multi-level governance. First is the important role of private interests in the coordination of decision making at the national level preceding their government’s representation of national interests in the European Council of Ministers and other EU organizations. Second is the effect of all this on national democratic systems. URI: http://hdl.handle.net/10398/7346 Files in this item: 1
eu_integration2.pdf (180.0Kb) -
a comparisonSteen Knudsen, Jette; Dylla, Bronwyn (København, 2002)[More information][Less information]
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towards optimal distinctivenes in European film makingAlvarez, José Luis; Mazza, Carmelo; Strandgaard Pedersen, Jesper; Svejenova, Silviya (København, 2003)[More information][Less information]
Abstract: Abstract. This paper advances a micro theory of creative action by examining how distinctive artists shield their idiosyncratic styles from the isomorphic pressures of a field. It draws on the cases of three internationally recognized, distinctive European film directors - Pedro Almodóvar (Spain), Nanni Moretti (Italy) and Lars von Trier (Denmark). We argue that in a cinema field, artistic pressures for distinctiveness along with business pressures for profits drive filmmakers’ quest for optimal distinctiveness. This quest seeks both exclusive, unique style and inclusive, audience-appealing artwork with legitimacy in the field. Our theory of creative action for optimal distinctiveness suggests that film directors increase their control by personally consolidating artistic and production roles, by forming close partnership with committed producer, and by establishing own production company. Ironically, to escape the iron cage of local cinema fields, film directors increasingly control the coupling of art and business, hence forging their own "iron cage". "[T]he unusual and paradoxical place that Pedro [Almodóvar] has been able to find: we are within the industry but we preserve our peculiarity." (Agustín Almodóvar, 2001). Optimal distinctiveness: "social identity is viewed as reconciliation of opposing needs for assimilation and differentiation from others." (Marilynn Brewer, 1991). URI: http://hdl.handle.net/10398/6672 Files in this item: 1
papers in oraganization, no.49 2003.pdf (302.8Kb)
Now showing items 1-5 of 5