Research documents Titler
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Bucciol, Alessandro; Foss, Nicolai J.; Piovesan, Marco (www, 2014)[Flere oplysninger][Færre oplysninger]
Resume: Extant research offers conflicting predictions about the effect of pay dispersion on team performance. We collected a unique dataset from the Italian soccer league to study the effect of intra-firm pay dispersion on team performance, under different definitions of what constitutes a ‘‘team’’. This peculiarity of our dataset can explain the conflicting evidence. Indeed, we also find positive, null, and negative effects of pay dispersion on team performance, using the same data but different definitions of team. Our results show that when the team is considered to consist of only the members who directly contribute to the outcome, high pay dispersion has a detrimental impact on team performance. Enlarging the definition of the team causes this effect to disappear or even change direction. Finally, we find that the detrimental effect of pay dispersion is due to worse individual performance, rather than a reduction of team cooperation. URI: http://hdl.handle.net/10398/9072 Filer i denne post: 1
Bucciol_Foss_Piovesan_PlosOne2014.pdf (978.1Kb) -
who should compensate who?Astrup Jensen, Bjarne; Sørensen, Carsten (København, 2000)[Flere oplysninger][Færre oplysninger]
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A Repertory Grid AnalysisHolst, Jacques; Hedmann, Jonas; Kjeldsen, Martin; Tan, Felix B. (Frederiksberg, 2015)[Flere oplysninger][Færre oplysninger]
Resume: Over the last decade, we have witnessed payment innovations that fundamentally have changed the ways we pay. Payment innovations, such as mobile payments and on-line banking, include characteristics or features that are essential to understand if we want to know how and why payers choose among payment innovations. Using the Repertory Grid technique to explore 15 payers’ perception of six payment instruments, including coins, banknotes, debit cards, credit cards, mobile payments, and on-line banking, we identify 16 payment characteristics. The characteristics aggregate seventy-six unique features. Many of the characteristics and one of the categories are completely novel and unaccounted for in previous works. URI: http://hdl.handle.net/10398/9190 Filer i denne post: 1
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A Repertory Grid AnalysisHolst, Jacques; Kjeldsen, Martin; Hedman, Jonas; Tan, Felix B. (Frederiksberg, 2015)[Flere oplysninger][Færre oplysninger]
Resume: Over the last decade, we have witnessed payment innovations that fundamentally have changed the ways we pay. Payment innovations, such as mobile payments and on-line banking, include characteristics or features that are essential to understand if we want to know how and why payers choose among payment innovations. Using the Repertory Grid technique to explore 15 payers’ perception of six payment instruments, including coins, banknotes, debit cards, credit cards, mobile payments, and on-line banking, we identify 16 payment characteristics. The characteristics aggregate seventy-six unique features. Many of the characteristics and one of the categories are completely novel and unaccounted for in previous works. URI: http://hdl.handle.net/10398/9167 Filer i denne post: 1
Holst_Kjeldsen_Hedman_Tan.pdf (253.0Kb) -
Korsgaard, Søren (Frederiksberg, 2016)[Flere oplysninger][Færre oplysninger]
Resume: This thesis consists of three chapters. The rst, "Paying for Payments", examines the role of interchange fees in payment card networks. The second, "Bank Liquidity and the Interbank Market" (co-authored with Mikael Reimer Jensen), investigates how banks' liquidity holdings at the central bank a ect outcomes in the money market. The third, "Collateralized Lending and Central Bank Collateral Policy", considers the emergence of credit constraints under collateralized lending, and how central banks use collateral policy to mitigate these constraints. While the chapters can be read independently, they share common themes. Each chapter is concerned with payments in one way or another, each is concerned with the e ciency of market outcomes, and, to the extent that there is scope for improving these outcomes, each discusses the appropriate role for policy, in particular central bank policy. URI: http://hdl.handle.net/10398/9313 Filer i denne post: 1
Søren_Korsgaard.pdf (1.828Mb) -
Kjærgaard, Annemette (Frederiksberg, 2015)[Flere oplysninger][Færre oplysninger]
Resume: This document describes the pedagogical principles that guide teaching and learning at Copenhagen Business School (CBS). The purpose of making the pedagogical principles explicit is to guide and inspire students, faculty and administrative staff who are involved in designing, implementing or evaluating teaching and learning activities. URI: http://hdl.handle.net/10398/9263 Filer i denne post: 1
Pedagogical principles.pdf (147.9Kb) -
Åkerstrøm Andersen, Niels (København, 2003)[Flere oplysninger][Færre oplysninger]
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kvalitetsbedømmelse af forskning, når vilkårene for vidensproduktion forandresHansson, Finn (København, 2000)[Flere oplysninger][Færre oplysninger]
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Fra ineffektiv rentepolitik til digitale centralbankpengeNielsen, Rasmus Hougaard (Frederiksberg, 2018)[Flere oplysninger][Færre oplysninger]
Resume: Despite expansive monetary policy with negative interest rates and Quantitative Easing (QE), the European economy is stuck in a situation with deflationary pressure and low growth. A neglected explanation for the ineffectiveness of monetary policy is the fact that technological development and deregulation of the banking sector have turned bank deposits into the most important means of payment in the economy, whereby private banks now account for the largest share of money creation in society – making private banks' credit policy the catalyst of monetary policy rather than vice versa. This development seriously questions mainstream theories on monetary policy and sets the stage for adopting a new theoretical framework for understanding the dynamics of the monetary system and the execution of monetary policy. The situation has also got practical implications: In order to restore central banks’ capacity to create the most liquid and convenient form of money in the economy – and regain public control over monetary policy – Central Banks should consider introducing Central Bank Digital Currencies (CBDC) with universal access for the whole economy. URI: http://hdl.handle.net/10398/9609 Filer i denne post: 1
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Bhatti, Jonas Aziz; Møller, Michael (København, 2002)[Flere oplysninger][Færre oplysninger]
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En systemteoretisk analyse af offentlig meningsdannelseVallentin, Steen (København, 2002)[Flere oplysninger][Færre oplysninger]
Resume: .."the thesis tries to show how – with the appearance of the themes ethics and democracy – new conditions have evolved for the administration of the Danish pension fund investments. It should be emphasized that the thesis not only aims to provide a description of the Danish debate about ethical investments; it makes a separate contribution to systems theory. This contribution consists in a general presentation of Luhmann’s theory (chapter 2) followed by discussions of Luhmann’s concepts of risk (chapter 3), morality and ethics (chapter 4) and public and public opinion (chapter 5). In theoretical terms the contribution of the thesis lies in showing how Luhmann’s systems theory can be used to describe and analyze public opinion formation in general and the debate about the Danish pension fund investments in particular. The thesis focuses on Danish developments but international developments are not ignored. To put Danish developments into perspective, a part of chapter 1 focuses on developments surrounding ethical – or socially responsible – investments in the US and the UK. Matters of definition, historical developments and praxis forms are presented and lead up to an overview of key events in the domestic debate. It is argued that the Danish debate – unlike the very individualistic anglo-saxon debate – has focused on collective matters. The debate has focused on institutions which make investment decisions on behalf of many – often hundreds of thousands of – people, institutions which do not operate in a free market setting. A brief description of Danish developments is followed by a summary of and further reflexions upon the analytical arguments of the thesis. URI: http://hdl.handle.net/10398/7131 Filer i denne post: 1
steen_vallentin.pdf (2.310Mb) -
Razmerita, Liana; Kirchner, Kathrin; Nielsen, Pia (Frederiksberg, 2016)[Flere oplysninger][Færre oplysninger]
Resume: Social Media is a new phenomenon that impacts businesses, society and individuals. Social media has swept into the business world, disrupting businesses, bringing new opportunities and challenges. The use of social media in organizations has the potential to shape the “future of the work”. Both consultancy reports and scholarly articles highlight and discuss the new opportunities and organizational benefits provided by social media to change the current top-down (i.e. initiated by management) business model to a more collaborative and bottom-up (i.e. initiated by employees) approach. Such a model is customizable to specific user needs, empowering employees to design specific workflows thus helping them to work more effectively. Using social media, personal knowledge can be synergized into collective knowledge through social collaborative processes that may facilitate externalization of knowledge, fostering creativity and innovation. All these processes have the potential to lead to knowledge creation through interaction and collaborative processes and thereby increase companies’ competitiveness. However the successful deployment of social media for internal communication and facilitation of knowledge sharing and collaboration in organizations is difficult. Based on quantitative as well as qualitative data from 13 Danish organizations, we investigate the following research question: What is the business value of social media in organizations as perceived by the employees? Based on the data analysis, the paper derives a model of factors associated with the perceived business value of social media. URI: http://hdl.handle.net/10398/9439 Filer i denne post: 1
Razmerita_Kirchner_Nielsen.pdf (418.0Kb) -
An Industry PerspectiveAndersen, Torben Juul (København, 2005)[Flere oplysninger][Færre oplysninger]
Resume: Multinational enterprise in control of dispersed overseas resources and capabilities has been linked to strategic flexibility that allows the firm to take advantage of opportunities and manage exposures imposed by changing environmental conditions. This paper analyzes the implied performance and risk management effects in a comprehensive sample of public firms and finds supportive evidence for the proposition that multinationality can enhance performance across industries. However, the ability to exploit upside potential and avoid downside risk is industry specific. The positive effects of multinationality are found particularly pronounced among firms operating in knowledge intensive service industries while firms in capital-intensive primary industries display the inverse relationships. Keywords: Strategic flexibility, Real options, Risk management URI: http://hdl.handle.net/10398/7473 Filer i denne post: 1
cbs forskningsindberetning smg 30.pdf (479.6Kb) -
Gammelgaard, Jens; McDonald, Frank; Stephan, Andreas; Tüselmann, Heinz; Dörrenbächer, Christoph (Frederiksberg, 2010)[Flere oplysninger][Færre oplysninger]
Resume: The paper investigates the consequences of interactions between autonomy, intra and inter-organizational networks for the performance of subsidiaries. Furthermore, the paper analyzes the impact of changes in autonomy and network relationships rather than investigating levels. This introduces the concept of adjustment of subsidiary strategies to changes in the international and host country business environment. Based on a survey of 350 foreign owned subsidiaries located in the UK, Germany and Denmark, we find evidence that increases in the inter-organizational network relationships of subsidiaries lead to increased subsidiary performance. Further, increased subsidiary autonomy positively affects subsidiary inter-organizational network relationships, and to some degree negatively affects intra-organizational network relationships. Finally, overlapping effects between inter- and intra-organizational network relationships are found. URI: http://hdl.handle.net/10398/8970 Filer i denne post: 1
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Kumar, Vikas; Pedersen, Torben; Zattoni, Alessandro (København, 2008)[Flere oplysninger][Færre oplysninger]
Resume: Manuscript Type: Empirical Research Question/Issue: Institutional and transaction costs theories highlight the idea that group affiliated firms outperform unaffiliated firms in emerging economies. The persistence of superior performance for group affiliated firms is, however, questioned by the fast and recent development of markets and institutions in these countries. In this article, we explore this link between firm performance and the evolution of institutional environment. Research Findings/Insights: The setting of the empirical investigation is India in the postreform era (post 1990). We test for effects of business group affiliation on firm performance over a 17 year time period from 1990 to 2006. Our findings show that (i) the performance benefits of group affiliation erode with the evolution of the institutional environment; (ii) older affiliated firms are better able to cope with institutional transition than younger affiliated firms; (iii) service-sector affiliated firms are better able to cope with institutional transition than manufacturing-sector affiliated firms. Theoretical/Academic Implications: Our findings both support the institution- and transaction costs-based theory of business groups, and extends it by incorporating a dynamic and longitudinal component. They also demonstrate – in line with recent works - that the benefits of group membership differ for different types of member firms. Practitioner/Policy Implications: The article has implications for both managers and policy makers. Managers of business groups should timely adapt their strategy to the evolution of the institutional environment. Policy makers should, instead, devote attention to the consequences of their policies because they may undermine the efficiency of large national companies. URI: http://hdl.handle.net/10398/7430 Filer i denne post: 1
smg wp 2008-25.pdf (191.1Kb) -
An Empirical Analysis of the Organisational Structure and Performance of 1900 Danish FirmsSkov Kristensen, Frank (København, 1997)[Flere oplysninger][Færre oplysninger]
Resume: Among some scholars of management, organisation and also economists as well as policy makers it is argued that certain new forms of firm organisation such as flexible and learning organisations increasingly are becoming “best practice”, in an increasingly learning and global economy. On a policy level, in eg. Denmark and OECD, questions are already asked as to how policies should be set up to stimulate such organisational forms. A crucial aspect that is recognised by some scholars, is that it is in certain competitive structures where flexible and learning organisations are well suited, though tends to be overlooked within the debate. The analysis in this paper applies performance data from Statistics Denmark merged with survey data of organisational forms, management, work practices and employee skills collected through a questionnaire in 1900 Danish firms in manufacturing as well as services. Applying regression analyses we show that the flexible or learning organisational forms in some parts of the economy, characterised by innovation turbulence and cumulativeness, are best performers though not in general. We argue that a quantitative analysis as ours is vital to both avoid idiosyncratic generalisations among scholars as well as policy makers, and to give rigid and more detailed implications for policy regarding firm organisation, both at present and in a dynamic setting. URI: http://hdl.handle.net/10398/8111 Filer i denne post: 1
x644602642.pdf (87.67Kb) -
Kalmi, Panu; Mygind, Niels; Terk, Erik (København, 1999)[Flere oplysninger][Færre oplysninger]
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an empirical investigationFoss, Nicolai Juul; Laursen, Keld (København, 2002)[Flere oplysninger][Færre oplysninger]
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Next Generation Management of Organizational PerformanceKane, Brian (Frederiksberg, 2010)[Flere oplysninger][Færre oplysninger]
Resume: Managers must aspire to understand their organization in a way that allows them to take appropriate actions when necessary and to be able to utilize tools which encourage the organization to behave in a desirable way. The field of performance management deals with these objectives and is becoming increasingly pervasive. However, the author’s personal experience and substantial scholarship suggest that performance management is linked to dysfunctional behavior in organizations. Various current explanations for the link between measurement and dysfunction revolve around observability or knowledge of the transformation process, but seem simplistic and inadequate. This work examines measurement as one representational form out of many others, for example text. It is proposed that the representational form used in performance management practice is implicated with dysfunctional behavior. This demands an exploration of the relevant facets of organizational reality which influence the relationship with various representational forms. After a theoretical positioning, the relationship is explored empirically through onsite visits at two Microsoft Corporation locations in Copenhagen and Redmond. Thirty stories of performance management, based on interviews with senior managers, are presented. The stories provide the basis for establishing a rich understanding of organizational reality and the implications of using various representational forms in terms of dysfunctional behavior. These implications lead to a fundamental rethinking of the form and boundaries of performance management theory and practice, and emphasize the need for a multi-paradigmatic approach to performance management, which is presented. URI: http://hdl.handle.net/10398/8015 Filer i denne post: 1
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Exploring the Process of Bringing the Market Inside the FirmFriis, Ivar; Hansen, Allan; Vámosi, Tamás (Frederiksberg, 2015)[Flere oplysninger][Færre oplysninger]
Resume: Research on relative performance measures, transfer pricing, beyond budgeting initiatives, target costing, piece rates systems and value based management has for decades underlined the importance of external benchmarking in performance management. Research conceptualises external benchmarking as a market mechanism that can be brought inside the firm to provide incentives for continuous improvement and the development of competitive advances. However, whereas extant research primarily has focused on the importance and effects of using external benchmarks, less attention has been directed towards the conditions upon which the market mechanism is performing within organizations. This paper aims to contribute to research by providing more insight to the conditions for the use of external benchmarking as an element in performance management in organizations. Our study explores a particular type of external benchmarks - external suppliers’ bids on sub-components (which can be produced either in-house or by the external suppliers) in a Danish manufacturing firm – and we study the conditions that determine the success of the mechanism in the manufacturing firm which include issues related to the calculation of the ‘inside’ costs of the sub-component, technical specifications of the product, opportunistic behavior from the suppliers and cognitive limitation. These are all aspects that easily can dismantle the market mechanism and make it counter-productive in the organization. Thus, by directing more attention towards the conditions for the use of the external benchmarks we provide more insights to some of the issues and challenges that are related to using this mechanism for performance management and advance competitiveness in organizations. URI: http://hdl.handle.net/10398/9223 Filer i denne post: 1
Friis_Hansen_Vamosi_Competicon.pdf (358.2Kb)