Copenhagen Business School

About: Copenhagen Business School is a education organization based out in Copenhagen, Hovedstaden, Denmark. It is known for research contribution in the topics: Corporate governance & Entrepreneurship. The organization has 2194 authors who have published 9649 publications receiving 341898 citations.

Short and Long Translations: Management Accounting Calculations and Innovation Management

Abstract: Management accounting calculations relate innovation to the firm through translations where both can change. Based on examples of the management of innovation from three firms the study shows how management accounting calculations rather than describe the properties of innovation add perspective to them mediating between innovation concerns and firm-wide concerns. This mediation happens through short and long translations. In short translations, management accounting calculations extend or reduce innovation activities via a single calculation. In long translations innovation activities are problematised via multiple calculations. When calculations challenge each other in long translations they problematise not only what innovation should be, but also where it should be located in time and space. In the three examples, calculations mobilised alternative propositions about the relevance of technical artefacts and linked this to innovation strategy and sourcing strategy in the firm’s inter-organisational relations. Tensions between calculations associated with technological, organisational and environmental entities framed considerations about the value of innovation to the firm strategically differently. All this happens because management accounting calculations are partial rather than total calculations of firms’ affairs and value.

Supply risk management in a small company perspective

Abstract: Purpose – The purpose of the paper is to determine if owners of small manufacturing companies manage supply risk in similar ways and identify the practices constituting this potential joint approachDesign/methodology/approach – An interpretive case based methodology was applied in this research Interview data on the supply risk management practices of 11 SCOs (small company owners) were analysedFindings – The findings confirm that the 11 studied SCOs apply largely the same supply risk management practices, which can be characterised as defensive The approach covers risk elimination practices such as knowledge protection and local sourcing as the major practices, combined with relational practices such as fairness, loyalty, and seeking out responsive, dependable, and like‐minded suppliersResearch limitations/implications – The study focuses exclusively on small manufacturing companies Studies of other types of companies, such as trade or hi‐tech companies might reveal other practicesPractical implic

Option-Implied Measures of Equity Risk

Abstract: Equity risk measured by beta is of great interest to both academics and practitioners. Existing estimates of beta use historical returns. Many studies have found option-implied volatility to be a strong predictor of future realized volatility. We find that option-implied volatility and skewness are also good predictors of future realized beta. Motivated by this finding, we establish a set of assumptions needed to construct a beta estimate from option-implied return moments using equity and index options. This beta can be computed using only option data on a single day. It is therefore potentially able to reflect sudden changes in the structure of the underlying company.

Supply Chain Management on the Crossroad to Sustainability: A Blessing or a Curse?

Abstract: The implications of environmental sustainability and social responsibility transcend the actual ownership of the particular product; up-stream the supply chain to consider behaviour of suppliers, and down-stream to consider the impact of the product-in-use, and ultimately, its disposal. These concerns are frequently conceptualised as an extension to current theoretical approaches and practices in supply chain management (SCM). This paper raises the question of how SCM is actually addressing these issues. In particular, it is argued that SCM can be seen as amongst the causes of the problem rather than a viable solution. To clarify this challenge, three generic strategies are developed as a response: (1) enhancing the use of current SCM approaches, (2) aligning SCM with social and environmental concerns and (3) rejecting SCM in its current fashion to address environmental and social concerns and suggesting a replacement strategy.