Browsing Research documents by Title
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Banghøj, Jesper; Petersen, Christian; Plenborg, Thomas (København, 2008)[More information][Less information]
Abstract: We examine what determines executive compensation in privately held firms. Our study is motivated by the fact that most studies in this area rely on data from publicly traded firms. Further, the few studies that are based on data from privately held firms only examine a limited number of determinants of executive compensation. Previous studies also assume that the quality of compensation contracts is identical across executives. Based on unique data from our survey we create a quality index on each executive’s bonus plan. We conjecture that the pay to performance relation is stronger for better designed bonus plans. URI: http://hdl.handle.net/10398/6751 Files in this item: 1
wp_2008-02.pdf (167.1Kb) -
Plenborg, Thomas; Petersen, Christian; Gabrielsen, Gorm; Banghøj, Jesper (Frederiksberg, 2009)[More information][Less information]
Abstract: We examine what determines executive compensation in privately held firms. Our study is motivated by the fact that most studies in this area rely on data from publicly traded firms. Further, the few studies that are based on data from privately held firms only examine a limited number of determinants of executive compensation. Our findings indicate that the pay to performance relation is weak. Board size and ownership concentration are the only corporate governance characteristics that explain variations in executive compensation. Executive characteristics like skills, title and educational attainment all explain variations in executive compensation. Contrary to our expectations we do not find a stronger pay to performance relation in firms with better designed bonus plans. URI: http://hdl.handle.net/10398/7958 Files in this item: 1
WP_2009-01[1].pdf (271.1Kb) -
Evidence using stochastic frontier approachSinani, Evis; Jones, Derek C.; Mygind, Niels (København, 2007)[More information][Less information]
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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) -
Knudsen, Thorbjørn; Koed Madsen, Tage (København, 2001)[More information][Less information]
Abstract: The purpose of the present article is to contribute to a more detailed understanding of the determinants of the firm’s environmental performance. We pursue this aim by formulating a schematic theoretical model including a number of antecedents, mediators and consequences that are important according to the literature on environmental management and corporate greening. In addition, the model includes market orientation and the firm’s level of internationalization as possible determinants of environmental performance. Unfortunately, the previous empirical research on environmental management and corporate greening has not yet developed the measures needed to achieve a reasonable level of construct validity. To fill this gap, we complement previous research by developing and refining the multi-item scales necessary to measure the constructs of our theoretical model. We use a series of nested covariance structure models to test our theoretical model on survey data from 1995 and 1999. URI: http://hdl.handle.net/10398/6867 Files in this item: 1
linkwp01-27.pdf (125.7Kb) -
Rangvid, Jesper; Sørensen, Carsten (København, 1998)[More information][Less information]
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A Law and Economics Perspective on Optimal ContractingLando, Henrik (København, 2005)[More information][Less information]
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an analysis of ownership advantagesMeyer, Klaus E. (København, 1997)[More information][Less information]
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Pedersen, Torben (København, 2006)[More information][Less information]
Abstract: Subsidiary development is a multi-dimensional construct that cannot be captured just by looking at subsidiary roles, activities, etc. Three distinct dimensions of subsidiary development are identified and these are: scope of subsidiary (the breadth of activities), level of subsidiary competence (the depth of activities) and level of integration in the internal MNC-network. Birkinshaw and Hood (1998a) have in their seminal paper proposed a model where subsidiary development is determined by three factors: Headquarter assignment, dynamism of local business environment and subsidiary initiatives. This paper is the first to conduct a statistical test of this model on a large-sample data set including data of more than 2.100 subsidiaries located in seven different countries in Europe. The effect of the three determining factors on subsidiary development is tested simultaneously in a LISREL model. URI: http://hdl.handle.net/10398/7465 Files in this item: 1
cbs forskningsindberetning smg 40.pdf (2.251Mb) -
The Role of Physical and Intellectual InfrastructureKottaridi, Constantina; Bernhard Nielsen, Bo (København, 2003)[More information][Less information]
Abstract: Abstract In a recent global competitiveness report by the IMF, the four Nordic countries all ranked in top ten, attesting to the region’s growing attractiveness as a host location for MNCs. This paper investigates the driving forces determining foreign direct investment flows into Scandinavia. We use a panel data set covering FDI inflows to Denmark, Sweden, Norway and Finland for the period 1979-2000. Results suggest that, in addition to traditional determinants of FDI, technological advantages of the region are of particular importance for foreign investors. Thus, evidence is provided for the changing pattern of international production indicating strategic needs for MNCs to acquire assets and technology that are specific to particular locations. URI: http://hdl.handle.net/10398/6570 Files in this item: 1
bbn-wp4-2003.pdf (714.2Kb) -
Nielsen, Bo B. (, 2002)[More information][Less information]
URI: http://hdl.handle.net/10398/6541 Files in this item: 1
bn-det20int20strat20all20per.pdf (539.9Kb) -
Førsokratisk informeret, ny-aristotelisk ἦθος-tænkning hos Martin HeideggerMoesby Jensen, Tommy (Frederiksberg, 2010)[More information][Less information]
Abstract: Afhandlingens tematiske sag er en genvindelse af Heideggers tænkning og tænkevej som en før-sokratisk informeret, ny-aristotelisk ἦθος-tænkning og dette som en rekonstruktion af antik selv-ledelses-tænkning. I Komposition, referencer, oversættelser og forkortelser udvikles blandt andet en særlig forbindelse mellem referentialitet og afhandlingens komposition, under inspiration fra Heideggers egen brug af inter- og intra-tekstualitet, og vigtige kilder og formalia præsenteres. Kompositionen og dermed afhandlingens enkelte §’er er tænkt således, at en række temaer gennem afhandlingen ofte forbinder sig med tidligere udviklede temaer, som nu sættes anderledes i spil og ind i nye sammenhænge, og herved oplyses det tidligere og det senere udviklede i en gensidighed. Sagt på en anden måde, så vil en lang række forberedende behandlinger finde en senere udfoldelse, og dette angivet som en tendens i kompositionen....... URI: http://hdl.handle.net/10398/8028 Files in this item: 1
Tommy_Moesby_Jensen.pdf (2.160Mb) -
[More information][Less information]
Abstract: Foreliggende dr. Philos avhandling i filosofi er skrevet som en del av et større og flerårig strategisk instituttprogram, Mennesket, nettverket og stedets betydning for innovasjon, ved Trøndelag Forskning og Utvikling (TFoU). Programmet er hovedsaklig blitt finansiert av Norges Forskningsråd, men med tilskudd både fra Nord-Trøndelag Fylkeskommune og Innovasjon Norge i regionen, samt av interne midler fra forskningsinstituttet selv. Mange år som arbeidslivsforsker førte meg til en erkjennelse om at mennesket må forstås som genuint skapende, som det Skapende Mennesket - Anthropos Ergazesthai. Derved måtte det skapendes ontologi, Geneseins ontologi , utlegges, og mest av alt for at vi alle i det skapende, som skapende og ved det skapte selv, skal kunne forstå oss på det å være menneske, som Et Godt Menneske. Det å gjøre det gode for det godes skyld, er det viktigste prosjekt av alle, fordi vi alle som mennesker ved og i de liv vi lever og beslutter å leve, ubønnhørlig og umettelig har å være. Det forplikter oss til en ubetinget gjestfri omsorg og et grenseløst ansvar for oss selv, for ethvert menneske og for all verden. Geneseins ontologi handler om de grunnleggende eksistensielle, strukturer og betingelser for denne helheten; det skapende - de(n) skapende - det skapte, og hvordan denne på det ontiske plan for vår tilværelse, idealtypisk sett åpner eller lukker for en slik ubetinget gjestfri omsorg og et slikt grenseløst ansvar for vår selv-i-verk-sett-else og verdens-i-verk-sett-else. Men Geneseins ontologi avdekker også når, hvorfor og hvordan de ontiske betingelser for vårt selv-nær-vær og til-stede-vær, ekskluderer oss fra eller inviterer oss til å overgå oss selv i mesterskapet, som en alltid allerede uavsluttet utopi, - til nettopp å kunne være det ALDRI, som vi alle er. URI: http://hdl.handle.net/10398/8441 Files in this item: 1
Niels_Arvid_Sletterød.pdf (12.85Mb) -
Interviewet som meningsdannelsela Cour, Anders; Knudsen, Morten; Thygesen, Niels Thyge (København, 2005)[More information][Less information]
Abstract: Inden for samfundsvidenskaben ser vi et stigende antal analyser, der trækker på et systemteoretisk iagttagelsesprogram. Problemet er, at disse analyser sjældent gør sig spørgsmålet om dataproduktion klart. Og hvis analyserne anvender interviewmetoden, så udelades refleksioner over interviewet som en særlig erkendelsesstrategi ofte. Artiklen forsøger at udfylde dette tomrum. Først præciseres den videnskabelige iagttagelse med afsæt i den tyske systemteoretiker Niklas Luhmanns iagttagelsesprogram. Dernæst diskuteres den kvalitative interviewmetode mhp. at præcisere, hvilken status interviewet har i systemteoretiske analyser. URI: http://hdl.handle.net/10398/6428 Files in this item: 1
wp8-2005.pdf (88.62Kb) -
Hvor svært kan det være?Hartmann, Mia Rosa (Frederiksberg, 2010)[More information][Less information]
Abstract: Der synes at være en tendens mod at beskrive offentligt lederskab som udspændt mellem forskellige hensyn. I ledelsesteori vinder ord som dilemmaledelse og paradoksledelse terræn. Det er stærke ord. Ord, som beskriver konflikter i mennesker og i grupper, modsætninger og sågar logisk umulighed. Samtidig har der siden 1990’erne været en tendens mod at løse lederskabets udfordringer med kompetenceudvikling, med inspiration fra Human Ressource Management. I samme tråd peger ledelseslitteratur, debatfora og mange ledere selv på nødvendigheden i at ruste fremtidens offentlige ledere; så den enkelte leder kan navigere under de spændingsfyldte vilkår. Den overbevisning kommer blandt andet til udtryk i et voksende antal uddannelsestilbud til lederne. Men er forståelsen af offentligt lederskab reduceret til et fokus på, at ledere skal kompetenceudvikles? Og er et fokus på at få rustet lederne i så fald et robust fundament for fremtidens offentlige lederskab? URI: http://hdl.handle.net/10398/8264 Files in this item: 1
OogI-02-2010-11-Memo1.pdf (168.8Kb) -
An Empirical StudyHeimeriks, Koen H.; Duysters, Geert; Vanhaverbeke, Wim (København, 2005)[More information][Less information]
Abstract: This paper assesses the differential performance effects of learning mechanisms on the development of alliance capabilities. Prior research has suggested that different capability levels could be identified in which specific intra-firm learning mechanisms are used to enhance a firm’s alliance capability. However, empirical testing in this field is scarce and little is known as to what extent different learning mechanisms are indeed useful in advancing a firm’s alliance capability. This paper analyzes to what extent intra-firm learning mechanisms help firms develop their alliance capability. Differential learning may explain in what way firms yield superior returns from their alliances in comparison to competitors. The empirical results show that different learning mechanisms have different performance effects at different stages of the alliance capability development process. The main lesson from this paper is that firms can steer the creation and speed of their alliance capability development as different learning mechanisms have differential performance effects and are more appropriate at different levels of alliance capability. Key words: learning mechanisms, alliance capabilities and competitive heterogeneity. JEL classification: L14 URI: http://hdl.handle.net/10398/7459 Files in this item: 1
smg-wp-13-2005.pdf (603.5Kb) -
Nebenzahl, Israel D.; Jaffe, Eugene D.; Usunier, Jean-Claude (København, 2000)[More information][Less information]
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Towards Sustainable LawyeringHøedt-Rasmussen, Inger (Frederiksberg, 2014)[More information][Less information]
Abstract: The role of the lawyer is in transition and the formerly predominantly homogeneous profes-sion has become a heterogeneous group of lawyers with diverging perceptions of the lawyer’s identity and of the main characteristics of the profession. The European Union has extended the perception of democracy and the fundamental rights to include more collective rights, social concerns, global responsibility and sustainability. The dissertation’s main question is: How can the identity and competences of lawyers be developed so that they can practise sustainable and proactive lawyering in the European Union? Theoretically as well as methodologically this research constitutes an interdisciplinary study, where legal science meets sociology and social learning theories. Identity development is perceived as a reflective project; there is a range of lifestyle choices which contribute to a composed but constantly shifting maintenance of self-identity in relation to democratic principles and the ideal of justice connected to the role of lawyers. The study builds on Anthony Giddens’s structuration theory. This involves looking at how lawyers connect the questions ‘What to do?’ (societal level) and ‘How to act?’ (professional level) with ’Who to be?’ (personal level). The study depicts a European identity ideal based on legal sources while empirical data from focus groups and individual interviews makes it possible to identify six different identities among Danish practising lawyers. It is possible to recognise the following identities: lawyer-businessman, lawyer-performer, lawyer-entrepreneur, lawyer-humanist, lawyer-integrator and lawyer-statesman. The fragmentation of the profession, with greater demand for specialist knowledge, in-creased individualisation and participation in new communities of practice, requires each lawyer to reflect on their identity and establish criteria for what, when and how they will use their lawyering skills. For this to succeed, lawyers’ identities and competences will depend more on self-directed learning and individual learning plans, where the legal identity combines (global) societal responsibility with job satisfaction, authenticity and adherence to personal values. URI: http://hdl.handle.net/10398/8908 Files in this item: 1
Inger_Rasmussen.pdf (5.288Mb) -
Mygind, Niels (København, 2007)[More information][Less information]
Abstract: The Baltic countries have been through a period of 15 years with fast changes in ownership and corporate governance structures. The privatization processes have been quite different in the three countries, but in the dynamics after privatization we see an increasing level of similarity in the adjustment of the ownership structure. We have followed the changes quite closely over the years both in quantitative research and in case studies. We focus on the most important institutions for corporate governance in legislation and enforcement, bankruptcy, company law, minority shareholder protection as well as the development of the banking system and stock exchanges. The paper analyses the main trends in the development and show how all the three Baltic economies are heading toward a typical Continental European system of corporate governance based on quite concentrated blockholder ownership. URI: http://hdl.handle.net/10398/7090 Files in this item: 1
wp64 2007.pdf (215.3Kb)