Browsing Departments by Subject "kep"
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Janning, Finn (København, 2004)[More information][Less information]
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Boutaiba, Sami; Bramming, Pia (København, 2004)[More information][Less information]
URI: http://hdl.handle.net/10398/6674 Files in this item: 1
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tre samfundsvidenskabelige analysestrategierHøjbjerg, Erik (København, 2004)[More information][Less information]
Abstract: Dette arbejdspapir er et forarbejde til et kapitel i bogen ’Socialkonstruktivistiske analysestrategier’ redigeret for Samfundslitteratur af Niels Åkerstrøm Andersen, Anders Esmark og Carsten Bagge Laustsen. Bogen forventes udgivet ultimo 2004. URI: http://hdl.handle.net/10398/6328 Files in this item: 1
wp9-2004.pdf (250.2Kb) -
Er Nørbyrapportens anbefalinger til gavn for aktionærerne?Rose, Caspar (København, 2004)[More information][Less information]
Abstract: Abstract: This article presents an empirical analysis of board composition and financial performance using a unique sample of Danish listed firms. In 2002, a group consisting of four prominent business leaders formulated Denmark’s own code of good corporate governance, entitled the Nørby report, The report consists of various recommendations aiming at strengthen Danish firms competitiveness and value creation including some specific recommendations concerning board composition. However, the analysis shows that none of the recommendations impact Tobin’s Q. Specifically, board size, proportion of insiders, positions held by board members in other firms do not significantly impact Tobin’s Q. The analysis only finds that the average age of the board has a significantly negative impact on performance. Board diversity, measured by the fraction of women and foreigners in boards as well as the educational background of board members does not impact performance either. URI: http://hdl.handle.net/10398/7138 Files in this item: 1
endeligt_wp_2004_2.pdf (675.6Kb) -
Bennedsen, Morten; Kongsted, Hans Christian; Meisner Nielsen, Kasper (København, 2004)[More information][Less information]
Abstract: Previous work on board size effects in closely held corporations has established a negative correlation between board size and firm performance. We argue that this work has been incomplete in analysing the causal relationship due to lack of ownership information and weak identification strategies in simultanous equation analysis. In the present paper we reexamine the causal relationship between board size and firm performance using a dataset of more than 5,000 small and medium sized closely held corporations with complete ownership information and detailed accounting data. We test the potential endogeneity of board size by using a new instrument given by the number of children of the founders of the firms. Our analysis shows that board size can be taken as exogenous in the performance equation. Furthermore, based on a flexible model specification we find that there is no empirical evidence of adverse board size effects in the typical range of three to six board members. Finally, we find a significantly negative board size effect in the minority of closely held firms which have comparatively large boards of seven or more members. URI: http://hdl.handle.net/10398/7566 Files in this item: 1
wpec092004.pdf (252.8Kb) -
Bramming, Pia (København, 2004)[More information][Less information]
Abstract: This article is about how a constructivist observation of development within Human Resource Management (HRM) opens the possibility for communicating about development in the language of possibility, seen in contrast to a language of deficiency. HRM is discussed as a paradoxical development concept, where the paradoxical consists in that when one focuses upon a proactive development ideal from a linear development understanding, one develops regressively, directly counter to one’s intentions. In this article two observation dimensions are developed, as well as two dimensions of how to cope with development on the background of the constructivist observation. URI: http://hdl.handle.net/10398/6708 Files in this item: 1
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Fuest, Clemens; Huber, Bernd; Nielsen, Søren Bo (København, 2004)[More information][Less information]
Abstract: Recent years have seen large swings in house prices in many countries. Motivated by housing price variations, proposals for taxing capital gains on housing have repeatedly been put forth. The idea seems to be that such taxes would curb the redistribution occurring between those owning houses and those trying to get into the market for owner-occupied housing. Our paper shows that at least in simple settings, a tax on real capital gains on housing will only lead to even bigger price swings and will not be able to redistribute between people appearing on either side of the housing market. Keywords: capital gains tax, housing market, price fluctuations JEL-Classification: H23, H24, R 31. Addresses: URI: http://hdl.handle.net/10398/7640 Files in this item: 1
wpec162004.pdf (178.3Kb) -
Inference from the Business CycleRose Skaksen, Jan; Sørensen, Anders (København, 2004)[More information][Less information]
Abstract: The relative demand for skills has increased considerably in many OECD countries during recent decades. This development is potentially explained by capital-skill complementarity and high growth rates of capital equipment. When production functions are characterized by capital-skill complementarity, relative wages and employment of skilled labor are countercyclical because capital equipment is a quasi- fixed factor in the short run. The exact behavior of the two variables depends on relative wage flexibility. Relative wages are rigid in Denmark, implying that the employment share of skills should be countercyclical. The labor market is competitive in the United States and therefore relative wages of skilled labor are expected to be countercyclical. We find that the business cycle development of the two economies is consistent with capital-skill complementarity. Keywords: capital-skill complementarity, relative wages, business cycle URI: http://hdl.handle.net/10398/7537 Files in this item: 1
wpec102004.pdf (313.9Kb) -
Interessetilkendegivelse vedrørende oprettelse af et tværinstitutionelt center for grundforskning i "Læring i virtuelle miljøer"Danielsen, Oluf; Dirckinck-Holmfeld, Lone; Fibiger, Bo; Nielsen, Janni; Sørensen, Birgitte-Hom (København, 2004)[More information][Less information]
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evidence from the copenhagen stock exchangeVoetmann, Torben (København, 2000)[More information][Less information]
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Bramming, Pia (København, 2004)[More information][Less information]
Abstract: The article will address competence, its’ diffusion, application, and the consequence of this application within the field of Human Resource Management (HRM). The concept competence-in-practice will be presented and in conclusion the article will consider implications and possibilities of competence-in-practice as an alternative approach to Competence Development within Human Resource Management. URI: http://hdl.handle.net/10398/6718 Files in this item: 1
12 competence ioa working paper.pdf (202.1Kb) -
Augier, Mie; Teece, David J. (København, 2004)[More information][Less information]
Abstract: In this paper, Mie Augier and David Teece outline the history and development of the ideas underlying an emerging approach within strategic management research: the dynamic capabili-ties framework. The framework was first outlined by Teece and Pisano (1994), and in the pre-sent paper elaborated further so the reader will be able to appreciate some of the most impor-tant intellectual resources underpinning it, such as the work of Schumpeter, Penrose, William-son, Cyert and March, Rummelt, Nelson and Winter. Although listed as intellectual resources by the authors, they also turn (some of) them into a topic for further discussion. For example, Augier and Teece identify not only the merits but also the limitations of transaction costs eco-nomics. In this way, the authors pave the way for a more dynamic framework while drawing upon organization theory and scholars like Cyert and March (a behavioral theory of the firm) and Nelson and Winter (an evolutionary theory of economic change). In the dynamic capability framework firms and markets co-evolve. Managers are now allowed to perform distinct strate-gic roles in shaping both firms and their markets, e.g. through asset- selection and orchestra-tion, including also the task of allocating resources between exploitation and exploration. URI: http://hdl.handle.net/10398/6673 Files in this item: 1
2004-52pio.pdf (236.2Kb) -
Negotiating the EU Internal Market for ProductsHøjbjerg, Erik; Frankel, Christian (København, 2004)[More information][Less information]
Abstract: The EU internal market has predominantly been studied in terms of changes in delegation of authority and division of labor between EU institutions and member states. However, this EU internal focus ignores that already in 1987 the completion of the internal market was substantially left to the private European standardization organizations (ESO). The paper addresses two fundamental challenges in this transnational, public-private, and internal-external delegation of authority. First, it involves a governance challenge, because private actors are directly involved – but to a certain extent outside EU political and administrative control – in the constitution of the internal market. Second, the delegation raises important analytical questions concerning the identification of the institutional locus of European integration, when the realization of the political goals with the internal market is dependent on an inter-organizational coordination between the EU and ESO. Applying the analytical concept of a ‘policy field’ the analysis shows how the completion of the internal market fundamentally challenges institutionalized conceptions of the role of politics in constituting markets. Keywords: Internal market, policy field, technical standards, transnationalization, new approach harmonization, private product policy URI: http://hdl.handle.net/10398/6406 Files in this item: 1
wp10-2004.pdf (170.3Kb) -
Theory and Evidence from the BalticsJones, Derek C.; Mygind, Niels (København, 2004)[More information][Less information]
Abstract: We begin by identifying a typical governance life-cycle, defined as changes in ownership structure, and including both the identity of the major owner and ownership concentration. The cycle is marked by key events and phases including start-up, initial growth, mature growth, and possibly a crisis and restructuring stage or exit stage. The governance cycle for transitional countries reflects some specific characteristics –e.g. often privatization produces specific initial ownership structures, with an unusually high proportion of insider, especially, employee ownership. Subsequently pres-sures for restructuring produce strong impulses for ownership changes. There is limited possibility for external finance because of the embryonic development of the banking system and the capital markets during early transition. The governance cycle is also influenced by specific features of the institutional, cultural and economic environment in a country. The varying importance of these fac-tors is expected to produce differences in key features of ownership cycles such as the speed at which particular ownership changes occur. To provide simple hypothesis tests, we use new and rich enterprise panel data sets for the three Bal-tic countries. The data enable various measures of ownership to be constructed (including the iden-tity of major owners and ownership concentration). The empirical analysis covers the ownership cycle with emphasis on initial ownership and subsequent changes. Our key method is to assemble a series of transition matrices showing both starting and final ownership configurations for sample enterprises and to simultaneously provide information on changes in concentration for the largest single owner. For Estonia this is supplemented with an analysis of the frequencies of different own-ership-cycles including intermediary stages of ownership. In spite of important differences in insti-tutional development, especially concerning the privatization process, we find that governance cy-cles are broadly similar in all countries. Employee ownership is rapidly fading and mainly being succeeded by managerial ownership. There are changes back and forth between manager and do-mestic external ownership, while foreign ownership is quite stable. Ownership concentration is mostly increasing after privatization, which included diversification both to employees and external owners. Since ownership diversification did not sit well with the slow development of the institu-tional framework, as expected we see a subsequent concentration of ownership on both managers, external domestic and foreign owners. However, variation in institutions, there are also important differences across countries. The adjustment of ownership structures is faster in Estonia and this can be explained by the relatively fast pace of institutional change and evolution of important gov-ernance institutions, including tough bankruptcy legislation and advances in the financial system. JEL-codes: G3, J5, P2, P3 Keywords: corporate governance, life-cycle, privatization, ownership change, transition econo-mies, Estonia, Latvia, Lithuania . URI: http://hdl.handle.net/10398/6611 Files in this item: 1
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Recognition and Discovery of Investment OpportunitiesVintergaard, Christian (København, 2004)[More information][Less information]
Abstract: From the perspective of Austrian economics, this paper develops a conceptual understanding of how corporate venture managers recognize and discover opportunities in a network environment. In an effort to create a better understanding of who is involved in process, this paper reports on the development path of an entrepreneurial opportunity of the Danish corporate venture capitalist, Danfoss A/S. This paper distinguishes itself from previous research done on entrepreneurial opportunities by creating a holistic and conceptual framework, which broadens and expands the perception of the market participants involved in recognition and discovery. Consequently the paper offers insight to a diversified group of actors who mix and match technological and market capabilities in a constant process of recognition and discovery. Key words: Corporate venturing, entrepreneurship, discovery, networks, opportunities, recognition. URI: http://hdl.handle.net/10398/6397 Files in this item: 1
wp 3 2004.pdf (326.5Kb) -
Vangkilde, Mads (København, 2004)[More information][Less information]
URI: http://hdl.handle.net/10398/6654 Files in this item: 1
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Vangkilde, Mads (København, 2004)[More information][Less information]
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Røhme, Thomas (København, 2003)[More information][Less information]
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a case studyPogner, Karl-Heinz; Søderberg, Anne-Marie (København, 2001)[More information][Less information]
Abstract: This paper is based on an explorative case study of all.department e-mails that were sent on the Intranet of a Danish university department. Following a social constructionist approach, our analysis assumes that language use shapes relations, identities, and representations. We thus investigate which social relations are expressed and constructed in the e-mail discourse and how the organizational world of the department is represented in the all.department e-mails. Our analyses of the e-mails show that the managerial voices are dominant as well as the perception of e-mail communication as a tool of information transmission. However, a few e-mails sent by employees without specific organizational functions differ significantly from the "managerial" mails. In these mails employee voices articulate a latent and unfulfilled need for a community and a forum for dialogue. The usage of the all.department e-mail communication is also related to the ongoing change of managing university departments in Denmark. URI: http://hdl.handle.net/10398/7726 Files in this item: 1
all.email.pdf (187.3Kb) -
Global Competition, Collective Efficiency, and Local DevelopmentLorentzen, Jochen; Robbins, Glen; Barnes, Justin (København, 2004)[More information][Less information]
Abstract: The paper describes the formation of the Durban Auto Cluster in the context of trade liberalization. It argues that the improvement of operational competitiveness of firms in the cluster is prominently due to joint action. It tests this proposition by comparing the gains from cluster activities in the areas of supplier development, human resource development, logistics, and benchmarking, and by contrasting the impact of joint action against a host of other variables, notably international competition and technical assistance by foreign partners. URI: http://hdl.handle.net/10398/6598 Files in this item: 1
lorentzenrobbinsbarnesoctober2004.pdf (456.8Kb)
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