Browsing Research documents by Year Published
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Evidens fra er-kontraktion og enhedstryk i danskAnker Jensen, Per (Frederiksberg, 2012)[More information][Less information]
Abstract: Denne artikel udforsker interaktionen mellem fonologi og syntaks på grundlag af brugen af erkontraktion i dansk. Artiklen kortlægger de typiske kontekster hvor denne kontraktion er mulig og rejser derefter spørgsmålet om hvordan det kan forklares at kontraktion i andre sammenhænge er helt uacceptabel. Sammenlign eksempelvis Det er rart, hvor er typisk realiseres som en forlængelse af den udlydende vokal i det, med Fortæl ham hvor rart det er, hvor en tilsvarende sammentrækning af det og er er uacceptabel. Det vises at muligheden for er-kontraktion er forudsigelig ud fra et kendt samspil mellem syntaks og fonologi idet kontraktionsmuligheden – eller umuligheden - hænger tæt sammen med tryktabsforbindelser og enhedstryk, jf. fx Rischel 1983, Thomsen 1990, Hansen og Lund 1983, Hansen og Heltoft 2011, Basbøll 2005, Herslund 2005. URI: http://hdl.handle.net/10398/8485 Files in this item: 1
Per_Anker_Jensen_2012.pdf (120.7Kb) -
Evidence from Survival Rates in a Natural ExperimentAndersen, Steffen; Meisner Nielsen, Kasper (Frederiksberg, 2012)[More information][Less information]
Abstract: We use a natural experiment in Denmark to test the hypothesis that aspiring entrepreneurs face financial constraints because of low entrepreneurial quality. We identify 304 constrained entrepreneurs who start a business after receiving windfall wealth and examine the performance of these marginal entrepreneurs. We find that constrained entrepreneurs have significantly lower survival rates and lower profits when compared with a matched sample of unconstrained entrepreneurs. These results are consistent with the hypothesis that the marginal entrepreneur is of low quality. URI: http://hdl.handle.net/10398/8499 Files in this item: 1
Andersen_MeisnerNielsen.pdf (402.7Kb) -
Exploring a New Indicator to Predict Financial PerformanceHallin, Carina Antonia; Tveterås, Sigbjørn; Andersen, Torben Juul (Frederiksberg, 2012)[More information][Less information]
Abstract: This paper explores a new judgmental forecasting indicator, the Employee Sensed Operational Capabilities (ESOC). The purpose of the ESOC is to establish a practical prediction tool that can provide early signals about changes in financial performance by gauging frontline employees’ sensing of changes in the firm’s operational capabilities. We present the first stage of the development of ESOC by applying a formative measurement approach to test the index in relation to financial performance and against an organizational commitment scale. We use distributed lag models to test whether the ESOC can predict financial performance. Monthly data were collected from frontline employees in three different companies during an 18-month period, and the initial results indicate that the ESOChas predictive power. URI: http://hdl.handle.net/10398/8507 Files in this item: 1
Hallin .pdf (479.4Kb) -
Hvorfor og hvordan?Lyck, Lise (Frederiksberg, 2012)[More information][Less information]
Abstract: Turisme regnes som et af verdens største erhverv. UNWTO, der er turismens hovedorganisa-tion globalt har opgjort antal ansatte til 235 mio., dvs. 9,2 % af alle job, og turismens andel af verdens bruttonationalprodukt (BNP) til 9,7 %. Turismen fortsætter med at vokse. Økono-misk krise og finanskrise, askesky mv. har betydet kortvarige afvigelser fra væksttrenden og enkelte ændringer i udviklingen af turismedestination. Europa modtager langt de fleste turister, og turismen er derfor et meget stort erhverv i de fleste EU-lande. Fra Kommissionens side er der nu - siden turisme med Lissabon traktaten er blevet et EU anliggende - pr. 30. juni 2010 udformet et mål om, at EU skal være verdens turismedestination nr. 1 og en politik, der omfatter 21 punkter, se for eksempel Lise Lyck; ”Handlingsplan for Dansk Turisme”. Denne publikation kan købes for 150 kr. ved henvendel-se til ll.tcm@cbs.dk. Publikationen er også fremlagt på dette møde. Dansk turisme har desværre haft betydelige problemer med konkurrenceevnen og har som det eneste EU land gennem en årrække har haft en aftagende markedsandel i udenlandske overnatninger. Det er baggrunden for, at erhvervets aktører og nogle politikere har arbejdet for at erhvervet kan blive konkurrencedygtigt og bidrage mere til at skabe økonomisk vækst, velfærd og arbejdspladser i Danmark. URI: http://hdl.handle.net/10398/8476 Files in this item: 1
LYCK_2012_2.pdf (165.4Kb) -
The Sensing of Frontline Employees Against Executive ExpectationsHallin, Carina Antonia; Andersen, Torben J.; Tveterås, Sigbjørn (Frederiksberg, 2012)[More information][Less information]
Abstract: The literature suggests that important strategic initiatives can derive from employees within the organization as they respond to needs and opportunities observed in daily operations. This seems to indicate that employees have a good sense of the firm’s operational capabilities observed through direct interactions with colleagues, customers and partners. Executives make their own judgments about the corporate capabilities from discussions with various managers, other executives and industry specialists. But, the information gathered by executives may be qualitatively different from the conditions sensed by the employees. So, we arranged a contest between operational capabilities assessed by employees and executives and the relationship to subsequent firm performance. Based on more than 400 individual data points collected from two medium-sized organizations over a period of eighteen months, advanced distributed lag time-series analyses show that the sensing of front-line employees (surprisingly) is a better medium-term predictor of organizational performance than executive judgments. These results have implications for the way organizations set up their management information and communication structure. URI: http://hdl.handle.net/10398/8471 Files in this item: 1
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Lyck, Lise (Frederiksberg, 2012)[More information][Less information]
Abstract: Turisme regnes som et af verdens største erhverv. UNWTO, der er turismens hovedorganisa-tion globalt har opgjort antal ansatte til 235 mio., dvs. 9,2 % af alle job, og turismens andel af verdens bruttonationalprodukt (BNP) til 9,7 %. Turismen fortsætter med at vokse, og finanskrise og økonomisk krise, askesky mv. har alene betydet kortvarige afvigelser fra væksttrenden og enkelte destinationsændringer. Europa modtager langt de fleste turister, og turismen er derfor et meget stort erhverv i de fleste EU-lande. Fra EU Kommissionens side er der nu - siden turisme med Lissabon traktaten er blevet et EU anliggende - pr. 30. juni 2010 udformet et mål om, at EU skal være verdens turismedestination nr. 1 og en politik, der omfatter 21 punkter. Dette er yderligere fyldt op med en detaljering fra 2011, se venligst Lise Lyck ”En handlingsplan for dansk turisme” samt opdateringer på internettet. Dansk turisme har desværre haft betydelige problemer med konkurrenceevnen og har som det eneste EU land gennem en årrække har haft en aftagende markedsandel i udenlandske overnatninger. Det er baggrunden for, at erhvervets aktører og nogle politikere har arbejdet for at erhvervet kan blive konkurrencedygtigt og bidrage mere til at skabe økonomisk vækst, velfærd og arbejdspladser i Danmark. URI: http://hdl.handle.net/10398/8477 Files in this item: 1
Lyck_2012_3.pdf (172.8Kb) -
A study of corporate branding strategies at Novo NordiskHolm Hansen, Jacob (Frederiksberg, 2012)[More information][Less information]
Abstract: The inspiration for this project came from a practical and a theoretical interest in how strategies are anchored in organisations. In 2005 a colleague and I published a book about strategic leadership communication (Bordum and Holm Hansen 2005). It was an inquiry into how the power of strategic statements, such as vision, mission and values, are rooted in the underlying forces of communication and actions among the stakeholders of organisations. It demonstrated that the drivers of successful leadership are based on persuasive communication and action. This project takes this line of thought further through a conceptual and empirical inquiry. It is motivated by an interest in basic knowledge about corporate branding as an integrative phenomenon. Corporate branding is often understood as a strategic activity that creates attention and value for a company. The strategic and managerial approaches are generally dominant in theory and practice, where they suggest various prescriptions for success with a corporate branding project. Such approaches often build on assumptions about control where certain consecutive steps automatically lead to a powerful brand. While there are many possible approaches to corporate branding, it seems that the question of integration is a salient issue that characterises the phenomenon in different ways. For instance, corporate branding is said to integrate various academic disciplines, provide an integrated profile of a company, integrate internal and external stakeholders, etc. The particular focus here is encouraged by questions and reflections about how corporate branding as an integrative activity can be analysed and understood through a pragmatic theory of communication. URI: http://hdl.handle.net/10398/8456 Files in this item: 1
Jacob_Holm_Hansen.pdf (5.526Mb) -
Kallestrup, René (Frederiksberg, 2012)[More information][Less information]
Abstract: The Global Financial Crisis which started in 2007 is a defining economic event of our lifetime. Recessions and public bailouts of banking systems have resulted in concerns about the solvency of sovereigns in recent years as many Eurozone countries face substantial fiscal pressures. The exact causes of the Global Financial Crisis are still debated but it is unlikely to be the outcome of one single event. In a review of the Global Financial Crisis based on 21 books on the topic, Lo (2011) summarises the underlying causes and policy prescriptions: ”there is still significant disagreement as to what the underlying causes of the crisis were, and even less agreement as to what to do about it ... Like World War II, no single account of this vast and complicated calamity is sufficient to describe it.” The listed causes range from global capital flows, poor regulation, regulatory capture, inequality, high leverage, skewed economic incentives of borrowers and lenders, etc. Gorton and Metrick (2012) also contain an interesting summary of the literature written in recent years and in ”Lessons from the Financial Crisis” edited by Berd (2010) several chapters from academic researchers analyse the ongoing crisis. URI: http://hdl.handle.net/10398/8450 Files in this item: 1
Rene_Kallestrup.pdf (1.375Mb) -
Junge, Martin; Severgnini, Battista; Sørensen, Anders (Frederiksberg, 2012)[More information][Less information]
Abstract: The role of product and marketing innovation for productivity growth is addressed using survey and register data for the Danish economy. It is argued that marketing and product innovation are complementary inputs and that innovation activities are skill-intensive. It is found that product and marketing innovation in skill-intensive firms results in significantly faster productivity growth than in unskilled-intensive firms that introduce this combination of innovation activities. More precisely, an increase in the share of educated workers of one percentage point, increases productivity growth by around 0.1 percentage point in firms with product and marketing innovation. In addition, it is found that firms that engage in product innovation but not in marketing innovation or the other way around do not demonstrate a growth effect from their innovation activities. It is also found that product and marketing innovation has an independent role in productivity growth that cannot be attributed to organisational changes, even though the majority of innovative firms engage in this latter innovation type. URI: http://hdl.handle.net/10398/8468 Files in this item: 1
JungeSevergniniSoerensen-WP-1-2012.pdf (417.0Kb) -
Insights from Annual General MeetingsStrand, Therese (Frederiksberg, 2012)[More information][Less information]
Abstract: This thesis consists of five empirical studies, all relating to shareholder activism at annual general meetings. The first study concerns the structure and content of general meetings in Denmark and Sweden comparatively. The paper reveals significant differences in the level of activism, with Swedish investors being the most active in terms of proposals, proxy voting, and ‘voice’. The paper takes a legal approach, and discusses divergence in activism levels from the perspective of shareholder prerequisites to engage in monitoring efforts. Further, the paper investigating the topics addressed through questions and opinions. The results show that matters which can be categorized as irrelevant are reasonably rare. This is an important finding, as suggestions to abolish general meetings have often been based on the assumption that general meetings facilitate nothing but irrelevant, time consuming, and costly discussions that serves no monitoring function. The second study analyses the impact of voting power on shareholder activism. We hypothesize that there is a positive relationship between shareholder activism and a measure of the largest shareholder’s sensitivity to increased participation by small shareholders and find that firms’ amenability to small shareholder influence leads to more proposals by the nomination committee, but fewer proposals by other shareholders. We interpret this as evidence that the shareholder elected nomination committees effectively channel shareholder concerns and preempt other kinds of activism. Politicians and companies that desire active shareholders could improve the amenability of firms to shareholder influence by ownership transparency, shareholder committees, and contacts with shareholder associations and other vehicles for collective action... URI: http://hdl.handle.net/10398/8460 Files in this item: 1
Therese_Strand.pdf (1.719Mb) -
Managing and Researching Inclusive SchoolsRatner, Helene (Frederiksberg, 2012)[More information][Less information]
Abstract: This thesis examines “reflexivity” as the key theme for understanding how Danish school managers work with the currently influential political vision of including students with special needs in the common school (educating children aged 5-16). Despite repeated attempts to realize the vision of inclusion, the number of students referred to special pedagogical services, and thus segregated from the common school, has continued to grow, especially since 1995. There is a widespread consent that this development is due to the schools’ practices and socially constructed categories of “special needs” and “normalcy.” Pedagogical scholars and recent policy initiatives posit that schools can achieve the much-wanted cultural change towards inclusion if teachers reflect (more) on their mindsets and practices. When advocating inclusion, scholars often refer to school managers as “leaders of meaning construction,” thus emphasizing their importance in facilitating cultural change. Existing knowledge practices are depicted as too “durable” with the unintended side-effects of segregation and budget overruns, and school managers are, following, encouraged making teachers change their practices through (self-) reflexivity. URI: http://hdl.handle.net/10398/8459 Files in this item: 1
Helene_Ratner.pdf (2.848Mb) -
Strand, Robert Gavin (Frederiksberg, 2012)[More information][Less information]
Abstract: In this dissertation I examine the establishment of corporate social responsibility (CSR) bureaucracies at corporations and I come to consider the CSR bureaucracy as a space for reflection within the corporation. In the face of charges that bureaucracies are inherently unethical and devoid of consideration for humanistic concerns, I argue that within the large bureaucracy that is the corporation, the CSR bureaucracy can create a space in which tensions that arise from conflicting values and purposes can be identified, negotiated, and actions coordinated. I position this dissertation within the field of CSR, to which I introduce the Weberian distinction between formal and substantive rationality as means through which to identify and describe tensions that become apparent with the CSR agenda. This dissertation contains four articles, two of which draw from the engaged scholarship approach. One includes findings from a study I conducted as an action/intervention researcher with a U.S. corporation during the period in which a CSR bureaucracy was established. The other includes findings from a study of CSR focused MBA courses I instruct in which reflection is a primary learning objective. The other two articles include findings from studies I conducted to explore the establishment of a CSR position to the top management teams of U.S. and Scandinavian corporations. URI: http://hdl.handle.net/10398/8462 Files in this item: 1
Robert_Strand.pdf (3.503Mb) -
An Inspiring Experience for the Sahara RegionLyck, Lise (Frederiksberg, 2012)[More information][Less information]
Abstract: This article includes as Part One factual information on Greenland and the structure of the Greenlandic economy, and factual information on the Sahara Region, south of Morocco. It is needed in order to have a basic understanding of what Greenland and the Sahara region are, seen from an economic, political and geographical point of view. Furthermore, the current economic situation in both Greenland and the Sahara region is presented together with the development of the last years. Part Two of the article deals with the constitutional framework conditions for Greenland in relation to being part of the Danish Realm, Greenland being situated in the Arctic with a geostrategic position for more Southern powers (America, the Nordic countries and Russia), being inhabited by indigenous people and having a prominent position in relation to sustainability. It also deals with “the Moroccan Initiative for Negotiating an Autonomy Statute for the Sahara Region” , as presented by Morocco to the Security Council on 11 April 2007. Part Three deals with natural resources both in Greenland and the Sahara Region. Firstly a short introduction to living resources, mainly the fisheries is presented. Secondly, the mineral resources are presented and analysed in depth. It includes the search for minerals, petroleum and gas before and after 1979. Furthermore, it includes the development and content of the mineral laws. In this context, the Greenland strategy for mining is presented. Finally, the status on minerals and petroleum resources in Greenland and the Sahara region is presented. Part Four includes the conclusion and the perspectives for ownership and management resources that can be learnt from the Greenland experiences, in particular in the context of the Moroccan Initiative for the Autonomy of the Sahara Region. URI: http://hdl.handle.net/10398/8473 Files in this item: 1
LYCK_2012_1.pdf (2.434Mb) -
S.W.O.T. analyseLyck, Lise (Frederiksberg, 2012)[More information][Less information]
Abstract: Nærværende skal ses i sammenhæng med artiklen ”Kommunal turismepolitik som kommunal erhvervspolitik – hvorfor og hvordan?” Hørsholm er en by med knap 46.000 indbyggere i region hovedstaden, den omfatter Hørsholm kommune med knap 24.000 indbyggere, Fredensborg med knap 10.000 indbyggere og Rudersdal kommune med godt 10.000 indbyggere. Disse forhold indebærer i sig selv gode begrundelser for samarbejde med andre kommuner. Med hensyn til tilgængelighed gælder, at der ikke er jernbanestation centralt i byen, men mod øst ligger Rungsted Kyst st. og i nordøst Kokkedal st. med togforbindelser fra begge til Helsingør og København. Herudover er der tilgængelighed via busforbindelser, specielt skal nævnes S-busserne. Kommunens areal er beskeden, godt 31 kvadratkilometer. URI: http://hdl.handle.net/10398/8475 Files in this item: 1
Lyck_SWOT_2012.pdf (220.9Kb) -
Lyck, Lise (Geneva, 2012)[More information][Less information]
Abstract: The purpose of this article is to present and analyze the Greenland Home Rule from a government and governance perspective and to relate it to the Moroccan initiative for negotiating an autonomy statute for the Sahara region and thereby to contribute to an end of this dispute. In order to make a presentation and analysis meaningful, a presentation of the historical and political context for the Nordic development is required and also a short comparison to the context for the Sahara region question, keeping in mind the differences between the two political, social, historical, and cultural contexts. In particular, while the autonomy of Greenland is well established since many years, the proposal for Sahara is still open for negotiation by all the parties and has been considered by the UN Security Council as “serious and credible”, which should be understood as an encouragement to all parties to use it as a starting point for negotiations, and enrich the scope of power devolution. Needed is also a short overview over autonomy models and the development of autonomy statutes to give a perspective on the options. On this background the Greenland Home Rule Model is presented and analyzed and the government/governance problematic analyzed in depth. The relevance for the Moroccan initiative for negotiating an autonomy statute for the Saharan region of the juridical formulation and the experiences from Greenland is discussed and the learning presented pointing out advantages and pitfalls to consider and evaluate. The last section includes a conclusion based on the presented analysis and some recommendation to consider. All is presented for further discussion and evaluation among the stakeholders interested in a solution of the autonomy question for the Sahara region. URI: http://hdl.handle.net/10398/8479 Files in this item: 1
LYCK_2012_5.pdf (190.3Kb) -
Lyck, Lise (Frederiksberg, 2012)[More information][Less information]
Abstract: Advisory board for cand.soc studiet i service management bad på mødet den 22.06 om udarbejdelse af en kort oversigt over uddannelser og forskning inden for niveau 3 (højere uddannelse i Danmark). Nærværende notat tilstræber at præsentere hovedlinjerne inden for service og turisme uddannelses- og forsknings området. Notatet bygger på oplysninger fra nettet samt telefonsamtaler med de omfattede uddannelsesinstitutioner i Danmark. Endvidere er benyttet materiale fra Lise Lyck (2003); Turismeudvikling og Attraktioner i et Strategisk Perspektiv, kapitel 1, Nyt fra Samfundsvidenskaberne. Herudover indgår Universitetsloven, lov nr. 403 fra 2003 som ramme for de højere læreanstalters strategi. Endelig inddrages beretning fra rådet for erhvervsøkonomiske uddannelser til belysning af niveau 2 uddannelserne. URI: http://hdl.handle.net/10398/8480 Files in this item: 1
Lyck_2012_6.pdf (130.0Kb) -
Reporting decision and content of the reportSormunen, Nina (Frederiksberg, 2012)[More information][Less information]
Abstract: The going-concern context has been the subject of much research and discussion for many years at both academic and professional levels. The International Standard on Auditing (ISA) 570 stipulates that the auditor should consider the appropriateness of managements’ use of the goingconcern assumption and to evaluate whether there are material uncertainties with respect to entity’s ability to continue as a going concern. Regardless of what is stated in the financial statement, the auditor should comment on going-concern uncertainty in the audit report if there is a doubt about firm’s ability to continue as a going concern. There is strong evidence that the auditor’s going-concern decision is a complex task with extensive consequences. The primary purpose of this thesis is to empirically provide significant basis to get better understanding of the challenging nature of the auditor’s going-concern reporting. This thesis deals with different aspects of auditor’s going-concern reporting and contributes mainly to the line of auditing research. URI: http://hdl.handle.net/10398/8490 Files in this item: 1
Nina_Sormunen.pdf (1.181Mb) -
Nistrup Madsen, Bodil; Erdman Thomsen, Hanne; Lassen, Tine; Pram Nielsen, Louise; Odgaard, Anna Elisabeth; Hoffmann, Pia Lyngby (Frederiksberg, 2012)[More information][Less information]
Abstract: In this paper we will describe some problems related to the defini-tion of a set of data categories as well as to the import and merging of data from various resources. First, we illustrate how organizing a taxonomy of data cate-gories is facilitated by using the principles for creating a terminological ontolo-gy (or concept system). Next, we discuss how multiple terminological entries referring to the same concept can be identified with the purpose of merging them. URI: http://hdl.handle.net/10398/8491 Files in this item: 1
Nistrup_Erdman.pdf (833.3Kb) -
Webber, Stuart (Frederiksberg, 2012)[More information][Less information]
Abstract: This dissertation analyzes ways in which Multinational Enterprises (MNEs) shift profits from one country to another to reduce their income tax expense. This is an important topic for a number of reasons. From a country’s perspective, its income tax rates and policies can have a significant impact upon its tax revenue, economic competitiveness, and the vibrancy of its economy. From the MNE’s perspective, income tax rates and policies determine a firm’s tax obligations, and thus affect net income and enterprise value. The dissertation examines several ways in which MNEs shift profits to reduce income taxes, and consists of five chapters. The introductory chapter reviews the economic evidence demonstrating firms shift profits from one country to another in response to tax rates. In the past two decades a number of economic studies have shown firms use tax and accounting techniques to shift reported profits to low tax jurisdictions, and that chapter reviews key articles that have demonstrated this. The second paper explains how MNEs finance international investments to shift interest income to low-tax jurisdictions. It reviews government tax policies in a number of countries that have been enacted to limit interest income shifting, and recommends an approach to control this activity. The third paper examines tax efficient supply chains, in which tax departments and supply chain organizations collaborate to site business operations to achieve supply chain objectives and reduce tax obligations. The fourth chapter analyzes how some U.S.-headquartered firms have moved their corporate headquarters from the U.S. to tax havens, to reduce their tax expense and avoid U.S. international tax policies. The fifth and final chapter examines new U.S. tax regulations that propose to value intellectual property transfers in the same way outside investors would, which the U.S. Internal Revenue Service (IRS) calls its “investor model.” It also makes recommendations concerning how the investor model can be improved. URI: http://hdl.handle.net/10398/8457 Files in this item: 1
Stuart_Webber.pdf (1.230Mb) -
Amore, Mario Daniele (Frederiksberg, 2012)[More information][Less information]
Abstract: The effect of corporate governance and managers on the value of companies has received great attention in the recent public debate. In the academic research, this increased attention has been associated with an effort to develop finer conceptual frameworks and analytical techniques to assess how governance and financial characteristics influence corporate policies and profitability. While theoretical models represent a successful approach under specific hypotheses, the econometric analysis of corporate governance and managerial characteristics has proven to be extremely challenging. Because governance and managerial characteristics are equilibrium outcomes largely determined by the firm itself, it is methodologically difficult to separate out their determinants from their consequences to infer causal effects. Since its infancy the empirical corporate governance and corporate finance research has faced this problem, which is often responsible for mixed empirical results. In my dissertation, I adopt a common methodological framework developed in the “program evaluation” literature to shed new light on the effects of governance and managerial characteristics on a variety of corporate policies and, ultimately, firm performance. In particular, I estimate a class of difference-in-differences models deriving the empirical identifications from policy changes that generate “quasi-natural experiments”. URI: http://hdl.handle.net/10398/8451 Files in this item: 1
Mario_Daniele_Amore.pdf (1.242Mb)