Browsing Department of International Economics and Management (INT) by Author "Pedersen, Torben"
Now showing items 1-20 of 20
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Pedersen, Torben; Thomsen, Steen (København, 1999)[More information][Less information]
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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) -
different learning engagements of entrant firmsPetersen, Bent; Pedersen, Torben (København, 2001)[More information][Less information]
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Different Learning PathsPetersen, Bent; Pedersen, Torben (København, 2001)[More information][Less information]
Abstract: Much has been written about how international firms create and sustain firm-specific advantages that offset their liability of foreignness. Less attention has been devoted the question of how international firms can reduce their liability of foreignness. Looking for different paths of learning our study explores the dynamics of firms’ liability of foreignness. A sample of 494 international firms from Sweden, Denmark and New Zealand is clustered along three structural dimensions of liability of foreignness: (1) perceived lack of knowledge about the foreign market, (2) the longevity of operations in the foreign market, and (3) international experience of the entrant firm. The four clusters that precipitate represent different learning path positions. One group of firms can be identified as pre-entry learners, another group as post-entry learners. A minor group of firms is characterized by perceiving a persistent lack of knowledge about the foreign market they are operating in. One might speculate if these firms engage in any learning about the foreign business environment. Furthermore, the data suggest that firms with extensive international experience are more capable in familiarizing with the foreign business environment than are firms with little international experience. URI: http://hdl.handle.net/10398/6893 Files in this item: 1
linkwp01-11.pdf (146.1Kb) -
Holt, John; Purcell, William R.; Gray, Sidney J.; Pedersen, Torben (København, 2002)[More information][Less information]
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Contextual Creation of Knowledge Versus Global Transfer of KnowledgeHolm, Ulf; Pedersen, Torben (København, 2000)[More information][Less information]
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US and EU EvidencePedersen, Torben; Thomsen, Steen; Kvist, Hans Kurt (København, 2001)[More information][Less information]
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an empirical analysis of change in the organization of foreign distributionBenito, Gabriel R.G.; Pedersen, Torben; Petersen, Bent (København, 2000)[More information][Less information]
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Engwall, Lars; Marquardt, Rolf; Pedersen, Torben; Tschoegl, Adrian E. (København, 1999)[More information][Less information]
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a latent class estimationPedersen, Torben; Soo, Christine; Devinney, Timothy M. (København, 2002)[More information][Less information]
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gradual learning or discrete rational choicesPedersen, Torben (København, 1999)[More information][Less information]
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The 'Big Step' HypothesesPedersen, Torben; Shaver, J. Myles (København, 2000)[More information][Less information]
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Pedersen, Torben; Petersen, Bent; Sharma, Deo (, 2003)[More information][Less information]
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Are Entrant Firms Exposed to a 'Shock Effect'?Pedersen, Torben; Petersen, Bent (København, 2003)[More information][Less information]
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subsidiary technology embeddedness and performanceAndersson, Ulf; Forsgren, Mats; Pedersen, Torben (København, 1999)[More information][Less information]
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the roles of knowledge sources and organizational instruments for knowledge creation and transferFoss, Nicolai Juul; Pedersen, Torben (København, 2001)[More information][Less information]
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Minbaeva, Dana; Pedersen, Torben; Björkman, Ingmar; Fey, Carl F.; Park, H.J. (København, 2001)[More information][Less information]
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the internationalization pattern of large companies from Denmark, Finland and NorwayBenito, Gabriel R.G.; Larimo, Jorma; Narula, Rajneesh; Pedersen, Torben (København, 2001)[More information][Less information]
Abstract: Analyzing the internationalization of large companies from small countries requires understanding the process of internationalization by examining the interface between micro (firm strategies) and macro (the forces of centripetal and centrifugal) level factors. We examine the growth and international expansion of the ten largest companies in Denmark, Finland, and Norway over the period 1990 to 1999. Most companies in the sample became more international during the last decade across basically all the investigated dimensions of internationalization. This was particularly accentuated in the case of Norwegian firms, possibly due to their lower degree of internationalization at the beginning of the period. The study also shows that companies mainly have internationalized their operations activities, while such strategic activities as research and development activities and headquarters functions to a much larger extent are kept in the home country. URI: http://hdl.handle.net/10398/6586 Files in this item: 1
linkwp02-04.pdf (217.4Kb) -
wherefrom and whereto?Petersen, Bent; Pedersen, Torben; Sharma, Deo (København, 2001)[More information][Less information]
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The Role of Sources of Subsidiary Knowledge and Organizational ContextFoss, Nicolai Juul; Pedersen, Torben (København, 2000)[More information][Less information]
Now showing items 1-20 of 20