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Abstract: The IBOR transition is affecting financial reporting. US GAAP and IFRS are influenced more by the transition from IBOR to RFR compared to SWISS GAAP FER. Most directly affected is hedge accounting, which aims to avoid artificial earnings volatility. This might occur if value changes in the hedging instrument and hedged item are recognized in different reporting periods. A transition from IBOR to RFR without an amendment to existing accounting rules might lead to an increase in earnings volatility due to de-designation of hedge accounting relations. Related to IFRS: In May 2019, the IASB issued an exposure draft that reliefs these earnings volatility concerns. Entities can assume existing IBOR-based contractual terms for assessing the hedge accounting requirements. Related to US GAAP: A change in a contract's reference rate as a result of the IBOR transition would not create a new contract but would be accounted for as a continuation of that contract. Specifics on hedge accounting will be addressed in a future board meeting. Cash flow hedge accounting allows some flexibility in payment dates of the hedging instrument and the hedged item. This will be an important feature with alternative RFRs. URI: http://hdl.handle.net/10398/9743 Files in this item: 1
SARON_hedgeacc_20190702.pdf (579.9Kb) -
A GuidebookGammelgaard, Britta; Welling, Holger Sorwad; Nielsen, Peter Breum Mach (København, 2019)[More information][Less information]
Abstract: This guidebook represents an elaborative study of blockchain technology and its potential in common supply chain management practices. Our aim is to create an easy-to-read handbook with which supply chain management professionals can develop a basic understanding of blockchain and how it can be applied within the industry. This is achieved through a practical approach by which we shed light on some of the key value drivers that blockchain can provide in modern supply chains, while elaborating on how the technology is already being tested in industry. Accordingly, this paper aims at enhancing the reader’s understanding of blockchain and how it can be applied in a supply chain context. While blockchain is still in its early adoption stage, the potential of the technology continues to prove itself through various pilot projects around the world. In particular, the combination of blockchain and Internet of Things (IoT)1 devices have proven particularly promising as it provides an automated and secure way to connect physical assets to the cloud. In multiple pilot projects, blockchain has been successful in facilitating end-to-end supply chain visibility. Blockchain is, however, not necessarily the right solution for all companies when it comes to creating supply chain visibility. Therefore, it is important for managers to thoroughly understand the fit between their supply chain and the desired technology, before considering implementing a blockchain solution. Firstly, the guidebook provides an understanding of the main elements of blockchain and its characteristics. In this section, we describe blockchain from both a technical and a practical point of view. Secondly, the characteristics of blockchain are analyzed in view of supply chain management and an overview of the various benefits it may provide, if implemented successfully, is presented. This part is complemented by other new technologies such as IoT, where we illustrate how blockchain can create synergies with other existing technologies that are used in the transport industry. This section concludes with an outline of challenges that are yet to be resolved regarding blockchain and its adoption in the supply chain industry. Thirdly, the guidebook discusses various real-life business cases to provide an overview of how blockchain is used to improve current processes. Finally, this guidebook provides an analysis of the current adoption stage of blockchain before rounding off with some practical steps for management to consider before commencing their first blockchain project. URI: http://hdl.handle.net/10398/9733 Files in this item: 1
Blockchain_Pixi.pdf (949.9Kb) -
The Case of Equipment Producers and Trackunit as EnablerKarlsson, Christer; Stjernqvist, Per; Frandsen, Thomas (Frederiksberg, 2018)[More information][Less information]
Abstract: This report stems from research undertaken by Copenhagen Business School (CBS) as part of the applied research project ‘Driving Competitiveness through Servitization’. The aim of the project is to examine the potential of services as a means of improving the competitive ability of Danish industry. The project is supported by the Danish Industry Foundation and involves close collaboration with Danish companies. Further information about the project is available at blog.cbs.dk/servitization URI: http://hdl.handle.net/10398/9700 Files in this item: 1
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A PreCare ReportWeller, Angeli; Pedersen, Esben Rahbek Gjerdrum (Frederiksberg, 2018)[More information][Less information]
Abstract: This report provides an overview of Pay for Success, an innovative financing and contracting model for improving social outcomes, and suggests that it both aligns with and furthers the tenants of value-based healthcare. Whilst PFS has been under-utilized in the healthcare sector, the literature demonstrates that there are a number of reasons to use a PFS or PFS-inspired approach to assess the feasibility of innovative health services, including improving outcomes, leveraging innovative public private partnerships sharing of innovation risk, and accessing new sources of capital to invest in social programs, among others. URI: http://hdl.handle.net/10398/9694 Files in this item: 1
Weller_Pedersen.pdf (555.7Kb) -
Rauber, Julius; Reisch, Lucia (Friedrichshafen, 2018)[More information][Less information]
Abstract: Dieses Booklet zeigt verschiedene verhaltensbasierte Anreize, sogenannte Nudges, die Kommunen einsetzen können, um eine nachhaltigere Ernährung ihrer Bürgerinnen und Bürger1 zu fördern, d.h. ein nachhaltigeres Verhalten wird den Menschen durch kleine Ver- änderungen erleichtert. Nudges sind beispielsweise die Änderung einer Voreinstellung (z.B. Umstellung von konventionellen Gerichten auf Bioessen) oder die vereinfachte Darstellung von Informationen (z.B. eine Lebensmittelampel zur vereinfachten Angabe von Nährwerten). Auch wenn es nur kleine Anreize sind, so wurde doch in der Forschung wiederholt gezeigt, dass sie einen maßgeblichen Einfluss auf das Alltagsverhalten haben. Zusätzlich zu den bekannten Politikinstrumenten wie Verboten und Geboten, Subventionen und Gebühren, Beratung und Information sowie Partizipation und Bildung stellen solche Nudges eine wichtige Ergänzung der kommunalpolitischen Gestaltungsmöglichkeiten dar. Ziel dieses Booklets ist es, Entscheidungsträgern in Kommunen und Städten eine Auswahl an verhaltensbasierten Maßnahmen an die Hand zu geben, die einen Beitrag zu einer nachhaltigeren Ernährung liefern können. Dazu werden 20 Beispiele aus der Praxis zusammengetragen, im Überblick dargestellt und auf ihre Praxistauglichkeit hin bewertet. Das Booklet ist folgendermaßen aufgebaut: Zunächst wird das Projekt KERNiG, in dessen Rahmen das Booklet entstand, vorgestellt. Danach wird erläutert was genau Nudges sind, wodurch sie sich von anderen Maßnahmen abgrenzen und welche Nudges am wirksamsten sind. Anschließend wird erklärt, wie Entscheidungsträger in Kommunen das Booklet nutzen können. Im Hauptteil werden dann die einzelnen Nudges vorgestellt. Das Booklet wurde im Rahmen des KERNiG-Projekts des BMBF erstellt. Es ist bewusst als Online-Material konzipiert: Das spart zum einen Ressourcen, zum anderen kann es einfach aktualisiert und erweitert werden. URI: http://hdl.handle.net/10398/9631 Files in this item: 1
KERNiG_booklet-vers05.pdf (1.525Mb)
