Browsing Centres by Title
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Reference Framework and Research AgendaSchubert, Petra; Adisa, Femi (Koblenz, 2011)[More information][Less information]
Abstract: Cloud Computing is a topic that has gained momentum in the last years. Current studies show that an increasing number of companies is evaluating the promised advantages and considering making use of cloud services. In this paper we investigate the phenomenon of cloud computing and its importance for the operation of ERP systems. We argue that the phenomenon of cloud computing could lead to a decisive change in the way business software is deployed in companies. Our reference framework contains three levels (IaaS, PaaS, SaaS) and clarifies the meaning of public, private and hybrid clouds. The three levels of cloud computing and their impact on ERP systems operation are discussed. From the literature we identify areas for future research and propose a research agenda. URI: http://hdl.handle.net/10398/8443 Files in this item: 1
SchubertAdisa2011.pdf (943.5Kb) -
Maskell, Peter; Lorenzen, Mark (København, 2003)[More information][Less information]
Abstract: The many competing schools of thought concerning themselves with industrial clusters have at least one thing in common: they all agree that clusters are real life phenomena characterized by the co-localization of separate economic entities, which are in some sense related, but not joined together by any common ownership or management. So hierarchies they are certainly not. Yet, it is usually taken for granted that clusters, almost regardless of how they are defined, all expatriate the 'swollen middle' of various hybrid 'forms of long-term contracting, reciprocal trading, regulation, franchising and the like' residing somewhere between hierarchies and markets. This fundamental (but usually implicit) assumption would, perhaps, be justified if markets could be reduced to events of exchange of property rights, between large numbers of price-taking anonymous buyers and sellers supplied with perfect information as they are commonly conceived in mainstream economics. One of the original attractions of Neoclassical price theory was precisely that it promised a way of analysing the economy in general and market exchange in particular independently of specific institutional settings. However, introducing transaction costs as more than fees paid to intermediaries leads inevitably to comparative institutional analysis and, not to be forgotten, to the perception of markets as institutions with specific characteristics of their own. Some sets of characteristics are so common that they represent a specific market organization or market form. The cluster is one such specific market organization that is structured along territorial lines because this enables the building of a set of institutions that are helpful in conducting certain kinds of economic activities. URI: http://hdl.handle.net/10398/7265 Files in this item: 1
03-14.pdf (290.9Kb) -
local buzz, global pipelines and the process of knowledge creationBathelt, Harald; Malmberg, Anders; Maskell, Peter (København, 2002)[More information][Less information]
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Poutvaara, Panu; Tuomala, Juha; Jordahl, Henrik (København, 2008)[More information][Less information]
Abstract: In a recent paper, García-Mainar and Montuenga-Gómez [Econ. Edu. Rev. 24 (2005)] apply the generalized IV model of Hausman and Taylor to estimate education returns of wage earners and the self-employed in Portugal and in Spain. Our examination reveals several problems which relate to the validity and documentation of the instrumental variables, as well as the robustness of the results. URI: http://hdl.handle.net/10398/7712 Files in this item: 1
dp 2008-14.pdf (101.6Kb) -
Møllgaard, Peter (København, 2003)[More information][Less information]
Abstract: Abstract: Price correlations are used to delineate the geographic market in two recent Danish electricity cases. They indicate that power generators hold temporally transitory and irregularly intermittent dominant positions. Calculation of the Lerner index reveals that they abused this position. The Danish Competition Authority decided to settle this case by agreement for reasons explained. We finally indicate how economics may be used pro-actively to achieve a better market design. URI: http://hdl.handle.net/10398/6801 Files in this item: 1
wplefic022003.pdf (404.6Kb) -
an evolutionary perspectiveLieb-Doczy, Enese E.; Meyer, Klaus E. (København, 2000)[More information][Less information]
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Cumming, Douglas J. (København, 2002)[More information][Less information]
Abstract: Contracts and exits from a sample of 179 investment rounds in 132 entrepreneurial firms by 17 European venture capital (VC) funds are analyzed. The data indicate the financial contracts are quite heterogeneous in terms of both the cash flow and control rights. The use of different securities by European VC funds does not depend on the definition of venture capital, and the securities used are not functional equivalents. A normative empirical analysis of exit shows the likelihood of different types of exit vehicles (IPO, acquisition, and liquidation) and the returns to venture capital depend on not only firm specific characteristics but also the allocation of cash flow and control rights. Keywords: Venture Capital, Financial Contracting, Exit, IPO, Acquisition JEL Classification: G24, G28, G31, G32, G35 URI: http://hdl.handle.net/10398/6825 Files in this item: 1
wplefic142002.pdf (672.0Kb) -
A comparison of Russia and SloveniaMygind, Niels; Demina, Natalia; Gregoric, Aleksandra; Kapelyushnikov, Rostislav (København, 2004)[More information][Less information]
Abstract: Ownership is determined by firm specific factors and the environment. Firms change over their life-cycle. The governance cycle – here defined as changes in identity of the dominant owner and own-ership concentration - is marked by key phases including start-up, growth, and possibly a restructur-ing or exit stage. During transition the cycle reflects: privatization often with a high proportion of employee ownership like in Russia and in Slovenia; strong pressures for restructuring and owner-ship changes; limited possibility for external finance because of embryonic development of the fi-nancial system. To provide simple hypothesis tests, we use Russian enterprise data for 1995-2003 and Slovenian data covering 1998-2003. In spite of differences in institutional development, con-cerning privatization and development of corporate governance institutions, we find that govern-ance cycles are broadly similar in the two countries. Employee ownership is rapidly fading, but while change to manager and non-financial domestic outsider ownership is typical for Russia, man-ager ownership is not widespread in Slovenia. Instead change to financial outsiders in the form of Privatization Investment Funds is frequent. Foreign ownership, which is rare especially in Russia, is quite stable. The ownership diversification to employees and diversified external owners during privatization did not fit well to the low development of institutions. As expected we observe in both countries a subsequent concentration of ownership on managers, external domestic and foreign owners. JEL-codes: G3, J5, P2, P3 - Keywords: corporate governance, life-cycle, privatization, ownership change, transition economies, Russia and Slovenia. URI: http://hdl.handle.net/10398/7087 Files in this item: 1
slovenia-russia-gov-cycle wp54 2004.pdf (444.0Kb) -
Limits on Economic Harmonization in The United States and The European UnionSweeney, Richard J. (København, 2003)[More information][Less information]
Abstract: The U.S. Constitution importantly limits the degree to which the federal government can impose harmonization across member states. This paper reviews these limitations and how they have evolved substantially over time in the U.S. It also discusses some of the benefits and costs of such limitations, and argues that the EU may benefit from adopting similar limitations. Harmonization of EU tax codes is likely to be economically harmful. On theoretical grounds, tax rates are likely to be harmonized at a common rate that is higher than optimal for the EU. This suggests the benefits of constitutional provisions that make tax harmonization difficult to impose. Other types of harmonization have a less clear-cut costbenefit analysis. A federal commercial code that is uniform across member states reduces transaction and information costs, compared to leaving important code issues to member states; further, many states may keep codes for long periods that are sub-optimal compared to a given federal code. A federal code may, however, fit poorly with other institutions of member states, potentially causing large costs. Leaving codes to the states leads to competition across states, and may generate forces for change for the better. Competition also generates information about the effectiveness and costs of different commercial codes. Because any country’s initial code is likely to be sub-optimal, and is likely to become less optimal over time, information on how to improve codes is valuable. Likely it is easier to learn and adapt from member states than from other countries. URI: http://hdl.handle.net/10398/6806 Files in this item: 1
wplefic112003.pdf (374.9Kb) -
Nielsen, Søren Bo (København, 2002)[More information][Less information]
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Vallentin, Steen; Murillo, David (, 2009)[More information][Less information]
Abstract: Modern governmental approaches to CSR (corporate social responsibility) have two distinguishing traits: they tend to define competitiveness as their primary concern and to make use of liberal and indirect means of steering. Contributing to a political understanding of CSR and focusing empirically on developments within the EU, this paper approaches CSR governance in general and competitiveness-driven CSR governance in particular from the point of view of an analytics of governmentality – thus introducing governmentality studies to the field of CSR. The aim of the paper is first, conceptually, to make sense of the governmentality approach in terms of the practical brand of critique it embodies and its positioning vis-à-vis other comparable contributions to our understanding of the government of CSR. And second, analytically, to propose a framework for analyzing the governmentalities of CSR. URI: http://hdl.handle.net/10398/7908 Files in this item: 1
wp cbscsr 2009-4.pdf (213.7Kb) -
Advantages of strategic ambiguityMorsing, Mette; Langer, Roy (København, 2007)[More information][Less information]
Abstract: In this paper we analyze the construction of corporate social responsibility in the business press as an act of strategic ambiguity. While corporate social responsibility (CSR) generally evokes positive associations in public opinion, this paper demonstrates that these associations are based on a broadly encompassing and ambiguous definition of CSR. Our empirical data shows how the business press in its discourse on CSR provides no clarity on the definition of CSR in terms of a coherent motive, a dominant stakeholder or a consistent issue, but rather maintains ambiguity and imprecision about the meaning and content of CSR. While ambiguity and imprecision may be seen as an act of uncertainty in a passing stage when a new phenomenon emerges and develops, our longitudinal data demonstrates how ambiguity is preserved during a ten year period in four different daily newspapers. Ambiguity is systematically maintained in the business press. We refer to this process as strategic ambiguity. The paper discusses the potential value and limitations of framing CSR in a state of strategic ambiguity in the context of the concurrent rethinking of the role of business in modern welfare societies. URI: http://hdl.handle.net/10398/7125 Files in this item: 1
wp-2007-001-csr.pdf (204.5Kb) -
Jensen, Camilla (København, 2003)[More information][Less information]
Abstract: Purpose of the study This working paper aims to explain the main results of a survey as send out in the summer of 2003 by the Royal Danish Embassy in Warsaw (the Danish Embassy) and Copenhagen Business School (CBS) in cooperation. The Confederation of Danish Industries and the Dept. for International Economics and Management kindly allowed us to adopt and adapt their questionnaire that has been tested among Danish companies many times before (DI, 2003a). The immediate target group for our paper is the group of firms that responded to the survey. We extend our gratitude to the firms that so kindly and generously have shared with us valuable information making us capable to better understand the internationalisation of Danish companies in Eastern Europe. We hope you will find the report of interest and relevance to your company. URI: http://hdl.handle.net/10398/7098 Files in this item: 1
udkast2.pdf (785.5Kb) -
Lyck, Lise (København, 2006)[More information][Less information]
Abstract: Da Øresundsbroen åbnede i 2000 betød det, at det blev lettere at transportere sig mellem Danmark og Sverige. Men det betød også, at et svensk lavtlønsområde blev koblet sammen med et dansk højtlønsområde. Mens lønningerne i Københavnsområdet ligger over gennemsnittet i Danmark, ligger lønningerne i Sydsverige under de gennemsnitlige svenske lønninger. Det kunne derfor forventes, at danskere i stigende grad ville tage til Sydsverige og få foretaget serviceydelser som bilreparationer, hvor lønnen udgør en betydelig udgift. Der er ingen tvivl om, at flere danskere er taget til Sverige med det mål at få repareret bil, men omfanget er dog ikke helt belyst. URI: http://hdl.handle.net/10398/6634 Files in this item: 1
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E-konsultationer og policy udfordringerAndersen, Kim Normann; Medaglia, Rony (Frederiksberg, 2010)[More information][Less information]
Abstract: Næsten hver anden dansker anvender internettet til, at søge efter sundhedsrelateret information, mens det for EU-15 landene kun er godt hver tredje gennemsnit. Hvor det i 2004 var 27 procent, var det i 2009 46 procent der søgte information på nettet, svarende til en vækst på 70%. Brug af nettet til at søge efter sundhedsrelateret information er ikke et ungdomsfænomen eller en krusning i vandoverfladen. Denne rapport peger på at brugen af internettet herunder brugen af sociale netværksteknologier som Facebook, etc. kan lede til yderligere vækst i e-mail konsultationerne, der i 2009 nåede nye højder...... URI: http://hdl.handle.net/10398/8036 Files in this item: 1
CAICT_Com_42010.pdf (621.4Kb) -
Et studie af, hvordan ledere i praksis anvender strategiObed Madsen, Søren (Frederiksberg, 2011)[More information][Less information]
Abstract: Selvom strategien i teorien burde sikre, at organisationen går i samme retning ved at vise den fælles vej for organisationen, medvirker strategien i praksis til at øge antallet af mulige veje, da lederne oversætter strategien ud fra deres egen kontekst. Derved øges antallet af strategier i organisationen, og et samlet overblik over sammenspillet og relationerne mellem strategierne vanskeliggøres. Ledere skelner mellem de forskellige dele af strategien som fx det abstrakte som ordlyden eller intentionen, og det konkrete som måltal og projekter. Lederne anvender de forskellige dele af strategien i forskellige sammenhænge, men taler stadigvæk om ”strategien” selv om de har skiftet dimension som fx mellem ordlyd og KPI’er. En anden dimension er, at lederne også kan opfatte strategien som rigtig, men irrelevant, hvilket hænger sammen med deres skelnen mellem det abstrakte og det konkrete i strategien. Den abstrakte dimension opfattes som værende rigtigt, mens strategien rent konkret kan være irrelevant for visse ledere. Strategien anvendes også som dokumentation for den øverste ledelses intentioner. Derved kan andre aktører få indblik i topledelsens tankegang, foretage modtræk, øve sig på at yde modstand på en elegant måde eller blot forberede sig på at argumentere for sin sag inden for den logik som strategien repræsenterer. URI: http://hdl.handle.net/10398/8583 Files in this item: 1
Obed_Madsen_2011.pdf (148.8Kb) -
Arbejds- og ledelsesforhold i ny-økonomiske virksomhederLarsen, Bøje (København, 2006)[More information][Less information]
Abstract: Organisations- og ledelsesformerne er studeret i 5 "ny-økonomiske" virksomheder, der formodes at illustrere fremtidens organisationsformer. Virksomhederne er udvalgt, fordi de er præget af relativt højt tempo og tidskrav, fleksibel organisation og selvledelse, en sammenglidning mellem ude og inde, højtuddannede unge medarbejdere og viden som produktionsfaktor. I praksis viser det sig, at der er højt tempo - og en noget kaotisk dagligdag, og at de fungerer i et miljø med meget viden - men med endnu mere uvidenhed. Fleksibiliteten, selvledelsen og sammenglidningen mellem ude og inde er nok større end i "normale" industrivirksomheder, men den er absolut set begrænset. Årsagerne til denne kun "moderate revolution" af organisationsformerne diskuteres: Er det fordi klassisk organisation og social nærkontakt er nødvendig i den nye økonomi, eller er det manglende fantasi og tryghedsbehov? Begge muligheder holdes åbne. Endelig drøftes, om udviklingen er på vej til at realisere en utopi eller dystopi om fremtidens arbejdsplads. Væsentlige dystopiske træk fremhæves. URI: http://hdl.handle.net/10398/6763 Files in this item: 1
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Wihlborg, Clas; Angkinand, Apanard (København, 2005)[More information][Less information]
Abstract: The ambiguity in existing empirical work with respect to effects of deposit insurance schemes on banks’ risk-taking can be resolved if it is recognized that absence of deposit insurance is rarely credible and that the credibility of non-insurance can be enhanced by explicit deposit insurance schemes. We show that under reasonable conditions for effects on risk-taking of creditor protection in banking, and for effects on credibility of non-insurance of explicit coverage of deposit insurance schemes, there exists a partial level of coverage that maximizes market discipline and minimizes moral hazard incentives for risk-taking in banking. Using both the occurrence of banking crises and non-performing loans in the banking sector as proxies for excessive risk-taking the results strongly support this hypothesis in industrial and emerging market economies. Policy recommendations on the country level require analyses of institutional factors affecting the credibility of non-insurance. In particular, the implementation of effective distress resolution procedures for banks would allow governments to reduce explicit deposit insurance coverage and, thereby, to strengthen market discipline. JEL Classification: G21; G28; F43 Keywords: Deposit Insurance; Banking Crisis; Insolvency Procedures, Market Discipline URI: http://hdl.handle.net/10398/6808 Files in this item: 1
wplefic102005.pdf (642.4Kb) -
The case of biotechnology and pharmaceuticalsHarhoff, Dietmar; Reitzig, Markus (København, 2002)[More information][Less information]
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Schneider, Cédric (København, 2007)[More information][Less information]
Abstract: The aim of this paper is to study the determinants of the outcomes of patent applications (withdrawal, refusal or grant). The application process at the European Patent O¢ ce is modelled in three stages, using a Trivariate Probit model with double selectivity correction in order to test whether the applicants patenting history has an eect on the outcome of the current application. I investigate the behavior of the applicant after the patent o¢ ce has established the "state of the art", a precondition to an invention being patentable. The main results are (i) rms with large patents portfolios act following a "trial and error" strategy, by applying for large numbers of patents and thereafter waiting for the patent o¢ ce s nal decision when the expected probability of grant is high, (ii) the technological importance of a patent is a crucial determinant of a successful application grant, (iii) a withdrawal is to be regarded as an expected refusal, since applicants tend to withdraw their applications when there is evidence that the inventions cannot be considered to be novel or to involve an inventive step. patents, intellectual property rights URI: http://hdl.handle.net/10398/7693 Files in this item: 1
artikel 12.pdf (278.2Kb)