Browsing Research documents by Year Published
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Hansen, Jan V.; Højbjerg Jacobsen, Rasmus; Lau, Morten I. (Durham, 2012)[More information][Less information]
Abstract: We estimate the maximum amount that Danish households are willing to pay for three different types of insurance: auto, home and house insurance. We use a unique combination of claims data from the largest private insurance company in Denmark, measures of individual risk attitudes and discount rates from a field experiment with a representative sample of the adult Danish population, and information on household income and wealth from registers at Statistics Denmark. We assume that households maximize expected inter-temporal utility subject to an inter-temporal budget constraint with several possible states of nature, where all uncertainty is realized in the initial period and any loss incurred by an accident is subtracted from initial wealth. The estimated willingness to pay is based on annual claims and should thus be considered as an annual premium. Since there is some uncertainty about the estimates of risk attitudes and discount rates, there is some uncertainty about the estimated willingness to pay. We use a randomized factorial design in our sensitivity analysis where each simulation involves a random draw from independent normal distributions of the estimated risk and time preferences. The results show that the willingness to pay is marginally higher than the actuarial fair value under Expected Utility Theory. However, the estimated willingness to pay is significantly higher under Rank-Dependent Utility Theory, and for some households it may be up to 600% higher than the actuarial value of the insurance claims. URI: http://hdl.handle.net/10398/8538 Files in this item: 1
Hansen_Jacobsen_Lau_2012.pdf (464.5Kb) -
Fosse, Henrik Barslund (Frederiksberg, 2012)[More information][Less information]
Abstract: Firms exporting to foreign markets face a particular challenge: to price their exports in a foreign market when the exchange rate changes. This paper takes on pricing- to-market using a unique data set that covers rm level monthly trade at great detail. As opposed to annual trade ows, monthly trade ows bring us closer to the transaction level where rm decisions are actually made. I nd that the utilization of monthly data does add new information about the average level of pricing-to-market, and the di¤erences between long-run pricing-to-market and short-run pricing-to-market. Furthermore, I nd industry di¤erences in pricing-to-market in terms of the magnitude (zero to complete pricing-to-market) and the timing (when do rms changes prices), and that pricing-to-market is stronger on high-income markets. As discussed in detail in the paper, all results are in-line with predictions of several theoretical contributions to the litterature on pricing-to-market and exchange rate pass-through. URI: http://hdl.handle.net/10398/8539 Files in this item: 1
Fosse_2012_1.pdf (303.2Kb) -
Too Much of Two Good Things?Moberg, Kåre (Frederiksberg, 2012)[More information][Less information]
Abstract: I present an analysis of a survey in which the effect of entrepreneurship education and project-based education on students at lower secondary level is investigated. The results are based on a random sample of 2000 Danish students. The analysis indicates that entrepreneurship education has a positive effect on students’ personal development, and that its effect on entrepreneurial intentions is fully mediated by its effect on students’ self-conception. A finding with important policy implications is that there is a negative interaction effect between entrepreneurship education and project-based education regarding impact on students’ self-conception. The implication of the results is that we should replace project-based education with entrepreneurship education rather than having them run in parallel. URI: http://hdl.handle.net/10398/8515 Files in this item: 1
Moberg_SMGWP_4_2012.pdf (1.038Mb) -
Waisman, Gisela; Larsen, Birthe (Frederiksberg, 2012)[More information][Less information]
Abstract: We exploit the regional variation in negative attitudes towards immigrants to Sweden in order to analyse the consequences of the attitudes on immigrants welfare. We find that attitudes towards immigrants are of importance: they both affect their labour market outcomes and their quality of life. We interpret the negative effect on wages as evidence of labour market discrimination. We estimate the welfare effects of negative attitudes, through their wage and local amenities, for immigrants with different levels of skills, origin, gender and age. URI: http://hdl.handle.net/10398/8519 Files in this item: 1
Waisman_Larsen_wp2012-4.pdf (542.0Kb) -
Budeanu, Adriana (Frederiksberg, 2012)[More information][Less information]
Abstract: The development of sustainable products or services is defined by Maxwell as the process of making products or services in a more sustainable way (production) throughout their entire life cycle, from conception to the end-of-life (Maxwell & van der Vorst, 2003). Essentially, sustainable products or services are alternatives to existing ones, but of a superior quality, providing the same function to the customer, being more cost-effective, while also generating less harm on the surrounding environments or societies. The emphasis is on securing the efficiency of inputs and outputs is all actions along the life cycle of the product or service, from raw materials to discharged waste, so that unnecessary consumption of resources and generation of wastes are avoided. More advanced concepts such as product-service systems and needs-oriented-service systems aim to reduce impacts from the production and the use phase, or even at the end-of-life phase of a product (Mont, 2002; Roy, 2000). New and under development, the area of product-service systems is increasingly gaining acceptance from companies (Manzini & Jégou, 2003). URI: http://hdl.handle.net/10398/8544 Files in this item: 1
Budeanu_WP3_2012.pdf (1.108Mb) -
An understanding anchored in pragmatismBang Mathiasen, John (Frederiksberg, 2012)[More information][Less information]
Abstract: The subject matter chosen for this PhD, learning within a Product Development (PD) working practice, might give rise to wonder given that I have a theoretical education within supply chain management, achieved practical experience as senior supply chain manager and finally, conducted a great many lectures dealing with supply chain management. Offhand, it may seem an odd choice, but my practical experience, briefly illustrated in the below, triggered the decision to study learning within a PD working practice. PD implies design of components and clarifications of the assembly process. A side effect of these activities is a routing, which establishes the supply chain; that is, the total journey, which all components must undertake before the product is saleable. Hence, seen from the perspective of the operation, the supply chain to be managed throughout the life cycle of the product is created during the PD phase. Changing a supply chain later on is possible, but it requires a significant effort. When managing a supply chain area, in which a large part of the products had a life cycle of more than 10 years, I realised the critical importance of influencing the PD process. Thus, employees from the supply chain department were often engaged in intense exchanges of views with the PD engineers and substantial resources were devoted to improving the awareness of supply chain considerations during the PD process. Nevertheless, in my firm conviction, these efforts only managed to exert minor influence and consequently, the established supply chains were difficult to handle. Ever since then, I have wondered why we were unsuccessful in influencing the supply chain of a new product. The involved supply chain engineers had a highly theoretical background as well as practical experience, but it was not possible to initiate learning among the PD engineers as regards the establishment of a more suitable supply chain. URI: http://hdl.handle.net/10398/8509 Files in this item: 1
John-Bang_Mathiasen.pdf (1.812Mb) -
The Role of Technology in Sustainable Tourism GovernanceBudeanu, Adriana (Frederiksberg, 2012)[More information][Less information]
Abstract: Tourism has a dualistic nature characterised on the one hand by a high resilience and constant growth and on the other hand by a short-term greed of “consuming” its own life support systems: nature, culture and communities (Snepenger, Snepenger, Dalbey, & Wessol, 2007). Both aspects are constantly spurred by the rapid changes in demand and the diversity of supply, and the intrinsic importance that tourism has gained in individual lifestyles and in national economies. In addition, the strong influence of globalization on the institutional, organizational and policy formulation (Hall, 2005), determines three major aspects of tourism: the expansion of demand, the concentration of supply and increased similarities in demand. (Cornelissen, 2005) Consequently, the fragile balance required by a sustainable tourism development (European Commission, 2003a), (UNEP / UNWTO / WMO, 2008) is often at risk from conflicting goals of conservation versus development plans for tourism. Mixed approaches that combine top-down governance models with bottom-up collaborative strategies and policy networks are considered able to provide resilient decision making systems able to cope with unexpected challenges or conflict situations. These are characterized by shared rule-making and agreements between interdependent actors with divergent opinions and goals (Elzen, Geels, & Ken, 2004). Ultimately, a significant progress towards sustainability can be achieved by fostering changes of meaning and concepts, infrastructures and user-learning processes (Ehrenfeld, 2001). URI: http://hdl.handle.net/10398/8508 Files in this item: 1
Budeanu.pdf (222.2Kb) -
An Ethnography of a Juried Ceramic Art Exhibition in JapanMoeran, Brian (Frederiksberg, 2012)[More information][Less information]
Abstract: This article discusses the social processes among members of a panel of jurors required to award a major prize to one of the submissions to a national ceramics exhibition in Japan. Uniquely based on participant observation-style fieldwork, the article details the voting procedures and (inconclusive) results, before analysing why one particular potter’s submission was selected for the Princess Chichibu Cup. It shows how social relations, rather than aesthetic taste, influenced the final choice, since jury members operated according to an informal pecking order that depended on pre-existing networks and reputations, themselves determined by seniority and age. The fact that judges did not overtly resort to aesthetic criteria when making their evaluations meant that they considered each submission in relation to other submissions, rather than on their own particular merits. They thus ended up comparing ‘incommensurate flaws’, rather than making a selection according to agreed ‘merit’. And yet ‘meritocratic principles’ seem to prevail in the longer term cumulative recognition of potters who are awarded prizes at such exhibitions. URI: http://hdl.handle.net/10398/8510 Files in this item: 1
Brian_Moeran_2012.pdf (266.7Kb) -
A New Approach to Strategic ControlHallin, Carina Antonia; Andersen, Torben J.; Foss, Nicolai J.; Tveterås, Sigbjørn (Frederiksberg, 2012)[More information][Less information]
Abstract: Recent advances within the dynamic capabilities view emphasize the “sensing” of employees as an important part of the micro-foundations of dynamic capabilities: By putting in place organizational processes that mobilize and exploit information gathered by individual employees from their operating environment, firms can update insights about performance outcomes and improve strategic decision-making. We test empirically the extent to which firms can ascertain performance outcomes by drawing on employee knowledge. Our empirical setting is the Scandinavian hospitality sector with respondents among frontline service employees. Using a time series approach, we show that employee respondents (collectively) assess medium-term organizational performance better than management and the financial models available to them. URI: http://hdl.handle.net/10398/8506 Files in this item: 1
Hallin.pdf (217.2Kb) -
In search of an analytical frameworkTvedten, Kaja; Wendelboe Hansen, Michael; Jeppesen, Søren (Frederiksberg, 2012)[More information][Less information]
Abstract: In light of recent enthusiasm over the African private sector, this paper reviews the existing empirical literature on successful African enterprises and proposes an analytical framework for understanding African firm success. Overall, it is argued that we need to develop an understanding of African firm strategy and performance that takes into account the specificities of the African business environment and African firm capabilities. The paper starts by juxtaposing the widespread pessimistic view of African business with more recent, optimistic studies on African firms’ performance. The latter suggests that profound improvements in African business performance are indeed under way: with the private sector playing a more important role as an engine of growth, with the rise of a capable African entrepreneurial class, and with the emergence of dynamic and competitive African enterprises. The paper proceeds to review the limited research on factors shaping the performance of African enterprises. It is observed that particularly the strategic component is often overlooked as is the role of internal capabilities and resources of African enterprises. Based on this identification of voids in the literature, the authors suggest an analytical framework for understanding African business performance, underlining the interplay between contextual specificities, firm capabilities, and firm strategy. URI: http://hdl.handle.net/10398/8503 Files in this item: 1
Tvedten.pdf (739.4Kb) -
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) -
Moeran, Brian (Frederiksberg, 2012)[More information][Less information]
Abstract: This working paper, delivered at the ©reative Encounters workshop on the Business of Ethnography in June 2012, and in part (the sections on advertising and anthropology) at the American Anthropological Association’s annual meeting in San Francisco in November the same year, recounts the author’s personal experiences as a fieldworker to consider what it is that defines the newly emergent sub-discipline of business anthropology. The underlying argument is that all kinds of ethnographic research not overtly conducted on ‘business organizations’ may be counted as an anthropology of business, which itself is not strictly defined by the word ‘business’ per se, but includes such features as kinship and household organization, creative and craft practices, community structures, and so on. URI: http://hdl.handle.net/10398/8511 Files in this item: 1
Brian_Moeran_2012_2.pdf (201.0Kb) -
Junge, Martin; Severgnini, Battista; Sørensen, Anders (Frederiksberg, 2012)[More information][Less information]
Abstract: This paper investigates the importance of the educational mix of employees at the firm level for the probability of firms being involved in innovation activities. We distinguish between four types of innovation: product, process, organisational, and marketing innovation. Moreover, we consider three different types of education for employees with at least 16 years of schooling: technical sciences, social sciences, and humanities. Furthermore, we examine the influence of these different innovation activities on firm productivity. Using a rotating panel data sample of Danish firms, we find that different types of innovations are related to distinct educational types. Moreover, we find that firms that adopt product and marketing innovation are more productive than firms that adopt product innovation but not marketing innovation and firms that adopt marketing innovation but not product innovation. In addition, firms that adopt organisational and process innovation demonstrate greated productivity levels than forms that adopt organisational innovation but not process innovation that again demonstrate greater productivity than firms that do not adopt process innovation but not organisational innovation. Finally, we establish that product and marketing innovation as well as organisational and process innovation are complementary inputs using formal tests for supermodularity. Complementarity can be rejected for all other pairs of innovation types. URI: http://hdl.handle.net/10398/8498 Files in this item: 1
Junge_Severgnini_Sørensen.pdf (517.4Kb) -
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) -
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) -
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) -
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) -
Olsen, Mia; Hedman, Jonas; Vatrapu, Ravi (Frederiksberg, 2012)[More information][Less information]
Abstract: Ubiquitous and pervasive computing is fundamentally transforming product categories such as music, movies, and books and the associated practices of product searching, ordering, and buying. This paper contributes to theory and practice of digital payments by conducting a design science inquiry into the mobile phone wallet (m-wallet). Four different user groups, including young teenagers, young adults, mothers and businessmen, have been involved in the process of identifying, developing and evaluating functional and design properties of m-wallets. Interviews and formative usability evaluations provided data for the construction of a conceptual model in the form of sketches followed by a functional model in the form of low-fidelity mockups. During the design phases, knowledge was gained on what properties the users would like the m-wallet to embody. The identified properties have been clustered as ‘Functional properties’ and ‘Design properties’, which are theoretical contributions to the on-going research on m-wallets. One of the findings from our design science inquiry into m-wallets is that everyday life contexts require that evaluation criteria have to be expanded beyond “functionality, completeness, consistency, accuracy, performance, reliability, usability, fit with the organization, and other relevant quality attributes” [12] that are used within current design science work. URI: http://hdl.handle.net/10398/8502 Files in this item: 1
Olsen_Hedman_Vatrapu.pdf (417.1Kb) -
From Vendors to CustomersRiis, Philip Holst (Frederiksberg, 2012)[More information][Less information]
Abstract: Enterprise Systems (ES) are generally considered the price of entry for running a business. With the increased scope of ESs to encompass nearly every function or business process of a modern organization, an increasing number of different users are adopting and using the systems. These users occupy a number of different organizational roles which include a wide variety of different tasks in organizations and have very different requirements for ESs. To ensure a better fit between users and ESs, a number of ES vendors have begun to focus on reflecting the concept of organizational roles of users in their systems. Limited research has, however, addressed these “role-oriented” ESs; this dissertation attempts to provide a better understanding of them by studying their design, implementation, and use. The research design for this dissertation is based on Case Studies and the Grounded Theory Method with qualitative empirical data collected across three types of actors in an ES ecosystem: Vendors; partner companies; and customers. The findings are primarily presented in six appended research papers that are aimed at both researchers and practitioners. The main contribution of the dissertation is an improved understanding of: Representation of organizational roles in the deep and surface structures of ESs; the mapping, configuration, and tailoring of predefined systems roles to fit actual roles of users in organizations; and the potential benefits and role-related misfits of role-oriented ESs. Through discussion of the findings, the dissertation also illustrates how the design of role-oriented ESs is influenced by the different actors in an ecosystem. The dissertation also illustrates how systems, organizations, processes, and roles can be aligned during implementation by shifting basis and conceptual focus in the requirements analysis. Finally, the dissertation explains the impact of roleoriented technology on organizational performance and how this technology may influence the existing perception of the role taking process in organizations. URI: http://hdl.handle.net/10398/8512 Files in this item: 1
Philip_Holst_Riis.pdf (3.453Mb)