Browsing Centres by Title
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tensions, credible delegation and implications for new organizational formsFoss, Kirsten; Foss, Nicolai Juul (København, 2002)[More information][Less information]
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Foss, Kirsten; Foss, Nicolai J. (København, 2003)[More information][Less information]
Abstract: The notion of distributed knowledge is increasingly often invoked in discussions of economic organization. In particular, the claim that authority is inefficient as a means of coordination in the context of distributed knowledge has become widespread. However, very little analysis has been dedicated to the relation between economic organization and distributed knowledge. In this paper, we concentrate on the role of authority as a coordination mechanism under conditions of distributed knowledge, and also briefly discuss other issues of economic organization. We clarify the meanings of authority and distributed knowledge, and criticize the above claim by arguing that authority may be a superior mechanism of coordination under distributed knowledge. We also discuss how distributed knowledge influences the boundaries of firms. Our arguments rely on insights in problem-solving and on ideas from organizational economics. URI: http://hdl.handle.net/10398/6894 Files in this item: 1
03-08.pdf (330.4Kb) -
Angkinand, Apanard; Wihlborg, Clas (København, 2005)[More information][Less information]
Abstract: Market discipline in banking requires that explicit and implicit insurance schemes for financial sector firms are limited, and that the lack of insurance of important stakeholders is credible. This credibility cannot be achieved without transparent, predictable procedures for distress resolution for banks, including explicit rules for the liquidation of insolvent banks. We find that very few European countries have explicit procedures for dealing with problem banks. The propositions tested in this paper are that the credibility of non-insurance in European banking depends strongly on (i) the degree of coverage of deposit insurance schemes, and (2) on the existence of enforceable rules that enhance the credibility of non-insurance of groups of stakeholders.in bank. The proxy used for credibility of non-insurance in Europe is the probability of banking crisis. Finding a U-shaped relation between the probabiity of banking crisis and the coverage of explicit deposit insurance we derive the degree of coverage that minimizes the probability of crisis in Western and Eastern Europe. JEL Classification: G21; G28; F43 Keywords: Deposit Insurance; Banking Crisis; Insolvency Procedures, Market Discipline URI: http://hdl.handle.net/10398/6798 Files in this item: 1
wplefic062005.pdf (278.1Kb) -
Wihlborg, Clas; Angkinand, Apanard (København, 2005)[More information][Less information]
Abstract: Predetermined, operational procedures for dealing with banks in distress are conspicuously absent across the world with very few exceptions. Instead governments and regulatory authorities intervene when banks approach failure. Bail-outs of important creditors, sometimes including shareholders, and blanket guarantees for creditors become the norm. We argue that efficient incentives of banks’ creditors, as well as of shareholders and managers, require predetermined rules for dealing with banks in distress, and a group of creditors that are credibly non-insured. Cross-border banking increases the need for pre-determined bank insolvency procedures that could enable banks to expand cross-border in branches. In the empirical part we show that credibility of non-insurance is maximized with a partial deposit insurance scheme, and that the coverage can be decreased if effective rule-based distress resolution procedures are implemented. URI: http://hdl.handle.net/10398/6773 Files in this item: 1
wplefic082005.pdf (249.8Kb) -
Kowalski, Tadeusz; Kraft, Evan; Mullineux, Andrew; Vensel, Vello; Wihlborg, Clas (København, 2003)[More information][Less information]
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Crone Jensen, Elisabeth; Thusgaard Pedersen, Janni; Neergaard, Peter (Frederiksberg, 2009)[More information][Less information]
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Taudal Poulsen, René (Frederiksberg, 2012)[More information][Less information]
Abstract: På Søfartsstyrelsens foranledning er der til brug for arbejdet i regeringens vækstteam for Det Blå Danmark blevet udarbejdet nedenstående oplæg til en afgrænsning af Det Blå Danmark. Oplægget er udarbejdet af lektor René Taudal Poulsen fra Copenhagen Business School i foråret 2012. URI: http://hdl.handle.net/10398/8559 Files in this item: 1
Rene_Taudal_Poulsen.pdf (169.4Kb) -
Re-Conceptualising Notions of Chinese-ness in a Southeast Asian Business cum Societal ContextJacobsen, Michael (København, 2006)[More information][Less information]
Abstract: This paper explores the role of the Chinese in a Southeast Asian business cum societal context; from different approaches towards Chinese-ness over different notions of intra- and inter-ethnic relation ending up with a critique of the idea of a Chinese diaspora in a Southeast Asian context. The paper furthermore argues that a culturalist reading of Southeast Asian Chinese modes of engaging in capitalist practices and societal entrenchments constitute a deception that produces a variety of stereotypes of Chinese-ness thus disregarding the complexity and dynamic developments within the ethnic Chinese community region-wise. Finally, in relation to Chinese business practices in a Southeast Asian context the paper suggests that cultural notions of guanxi and xinyong do not form a basis for doing business the Chinese way, only options, that intra-ethnic relations do not play an important role in transnational Chinese linkages, and that contemporary conceptions of Chinese identity are always negotiated with the dominant ‘other’ so as to secure the construction of an economic ‘room’ or space from where business can be conducted in an overall societal acceptable manner. Key words: Ethnic Chinese, diaspora, entrepreneurship, ethnicity, identity URI: http://hdl.handle.net/10398/7408 Files in this item: 1
cdp 14.pdf (134.1Kb) -
Present Use and (Some)Future PossibilitiesFoss, Nicolai J. (Frederiksberg, 2001)[More information][Less information]
Abstract: The way in which bounded rationality enters contemporary organizational economics theorizing is examined. It is argued that, as it is being used, bounded rationality is neither necessary nor sufficient for producing the results of organizational economics. It is at best a rhetorical device, used for the purpose of loosely explaining incomplete contracts. However, it is possible to incorporate much richer notions of bounded rationality, founded on research in cognitive psychology, and to illuminate the study of economic organization by means of such notions. A number of examples are provided. URI: http://hdl.handle.net/10398/7896 Files in this item: 1
DRUID_01_13.pdf (127.4Kb) -
Internationalization of Indian Film IndustryLorenzen, Mark; Taeube, Florian Arun (Frederiksberg, 2007)[More information][Less information]
Abstract: In the context of an emerging economy, the paper analyzes indigenous growth and internationalization. Using novel and original data, the paper studies the Indian film cluster in Mumbai, Bollywood. It argues that as the world’s biggest commercial film cluster and a conspicuous growth phenomenon in an emerging economy context, Bollywood can be seen as a paradigmatic case for adding to our understanding of the development of film clusters outside the USA, as well as suggesting more general insights into the growth and internationalization of industries in emerging economies. The empirical analysis of the paper points to the importance of home market, government regulation, and industry structure for Bollywood’s recent export growth. The paper discusses how the existence of a well-defined and geographically centered social network among producers, directors and other key roles in filmmaking in Mumbai supports the development of a ‘Bollywood model’ of filmmaking with a industry structure remarkably different from Hollywood’s. URI: http://hdl.handle.net/10398/7872 Files in this item: 1
DRUID_07_06.pdf (211.3Kb) -
Li, Xin; Worm, Verner (, 2009)[More information][Less information]
Abstract: With China’s rapid economic progress and steady increase in its international influence, China has gradually embarked on the soft power idea and has made developing its soft power as its national strategy. We argue that China’s soft power strategy is in accordance to Chinese Confucian culture and political value and fits well with its grand strategy of peaceful rise. Based on existing conceptualizations of soft power, we expanded the sources of soft power to six pillars: cultural attractiveness, political values, development model, international institutions, international image, and economic temptation. We also identified three channels for wielding soft power: formal, economic, and cultural diplomacies. Putting all the basics together, we present an integrative model of soft power. Accordingly, we analyze the sources and limits of China’s soft power and suggest how to improve it. URI: http://hdl.handle.net/10398/7829 Files in this item: 1
CDP 2009-028.pdf (264.2Kb) -
The Role of Temporary ClustersMaskell, Peter; Bathelt, Harald; Malmberg, Anders (Frederiksberg, 2005)[More information][Less information]
Abstract: Business people and professionals come together regularly at trade fairs, exhibitions, conventions, congresses, and conferences. Here, their latest and most advanced findings, inventions and products are on display to be evaluated by customers and suppliers, as well as by peers and competitors. Participation in events like these helps firms to identify the current market frontier, take stock of relative competitive positions and form future plans. Such events exhibit many of the characteristics ascribed to permanent spatial clusters, albeit in a temporary and intensified form. These short-lived hotspots of intense knowledge exchange, network building and idea generation can thus be seen as temporary clusters. The present paper compares temporary clusters with permanent clusters and other types of inter-firm interactions. If regular participation in temporary clusters can satisfy a firm’s need to learn through interaction with suppliers, customers, peers and rivals, why is the phenomenon of permanent spatial clustering of similar and related economic activity so pervasive? The answer, it is claimed, lies in the restrictions imposed upon economic activity when knowledge and ideas are transformed into valuable products and services. The paper sheds new light on how interaction among firms in current clusters coincides with knowledge-intensive pipelines between firms in different regions or clusters. In doing so, it offers a novel way of understanding how interfirm knowledge relationships are organized spatially and temporally. URI: http://hdl.handle.net/10398/7883 Files in this item: 1
DRUID_05_20.pdf (119.4Kb) -
Abell, Peter; Felin, Teppo; Foss, Nicolai J. (Frederiksberg, 2007)[More information][Less information]
Abstract: Micro-foundations have become an important emerging theme in strategic management. This paper addresses micro-foundations in two related ways. First, we argue that the kind of macro (or “collectivist”) explanation that is utilized in the capabilities view in strategic management - which implies a neglect of micro-foundations in two related ways. First, we argue that the kind of macro (or "collectivist") explanation that is utilized in the capabilities view in strategic management - which implies a neglect of micro-foundations - is incomplete. There are no mechanisms that work solely on the macro-level, directly connecting routines and capabilities to firm-level outcomes. While routines and capabilities are useful shorthand for complicated patterns of individual action and interaction, ultimately they are best understood at the micro-level. Second, we provide a formal model that shows precisely why macro explanation is incomplete and which exemplifies how explicit micro-foundations may be built for notions of routines and capabilities and for how these impact firm performance. URI: http://hdl.handle.net/10398/7873 Files in this item: 1
DRUID_07_02.pdf (252.6Kb) -
an overviewMichailova, Snejina (København, 1997)[More information][Less information]
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The Rebirth of Production in the Theory of Economic OrganizationFoss, Nicolai J.; Langlois, Richard N. (Frederiksberg, 1997)[More information][Less information]
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Foss, Nicolai J. (Frederiksberg, 1996)[More information][Less information]
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On Some Problems in Recent ResearchOn Inter-firm RelationsFoss, Nicolai J. (Frederiksberg, 1999)[More information][Less information]
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Dietrich, J. Kimball; Wihlborg, Clas (København, 2003)[More information][Less information]
Abstract: We investigate the effect of changes in capital regulation on the strictness (leniency) of loan terms using a simple model of bank capital requirements and asset quality examinations. Banks offer different levels of "leniency" in the sense of willingness to offer automatic extensions of loans in the presence of temporary payment difficulties of borrowers. Banks offering lenient (less strict) loan terms must have higher initial levels of capital and charge higher loan rates. When capital requirements are increased, both strict and lenient banks hold higher levels of initial capital and they raise loan rates. As capital requirements increase the difference between initial capital levels and between interest rates of strict and lenient banks decrease. Thus, higher capital requirements in recessions tend to reduce the interest rate premium paid for leniency. If a recession is interpreted as an increase in the required return, the interest rate premium paid for leniency is increased in recession at a given level of required capital. URI: http://hdl.handle.net/10398/6804 Files in this item: 1
wplefic082003.pdf (364.4Kb) -
[More information][Less information]
Abstract: Carlsberg is a leading word company, whose primary activity is the production, sale and distribution of beer and soft drinks, as well as related activities. It is a part of Carlsberg Group, which include also among others: Royal Scandinavia A/S, Combio A/S, Ejendomsaktieselskabet Tuborg and others. Total revenues of the group reach the level of 48,603 millions of DKK. The group employs 28 466 people. URI: http://hdl.handle.net/10398/7053 Files in this item: 1
wp56 carlsberg pl 040402.pdf (400.5Kb) -
Insights from a New SurveyMeyer, Klaus E.; Ionascu, Delia; Kulawczuk, Przemyslaw; Szczesniak, Anna; Antal-Mokos, Zoltán; Tóth, Krisztina; Darskuvenie, Valdone (København, 2005)[More information][Less information]
Abstract: Foreign direct investment (FDI) in Central and Eastern Europe (CEE) has been maturing as the region prepared to join the European Union (EU). Since the beginning of transition the pattern of FDI has evolved, reflecting new business strategies pursued in anticipation of EU membership. Based on first results from a questionnaire survey conducted in 2003 in Hungary, Lithuania and Poland, we portray the recent patterns and developments in foreign investment, the motives for investment, and managers’ assessment of the local business environment. Some questions have been replicated from a study conducted in the emerging economies of Egypt, India, South Africa, and Vietnam, which allows us to benchmark FDI patterns in CEE against other emerging economies in different parts of the world. We find that find fewer changes over the period of the 1990s then we expected, but some interesting differences across the three countries in our study, and between CEE and other emerging economies. URI: http://hdl.handle.net/10398/7055 Files in this item: 1