Institution
Copenhagen Business School
Education•Copenhagen, Hovedstaden, Denmark•
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 & Context (language use). The organization has 2194 authors who have published 9649 publications receiving 341898 citations.
Topics: Corporate governance, Context (language use), Entrepreneurship, Corporate social responsibility, Politics
Papers published on a yearly basis
Papers
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TL;DR: In this paper, the authors show that the apparent lack of dividend predictability in the United States does not uniformly extend to other countries, rather, cross-country patterns in dividend prediction are driven by differences in firm characteristics and the extent to which dividends are smoothed.
Abstract: © Michael G. Foster School of Business, University of Washington 2015. We show that dividend-growth predictability by the dividend yield is the rule rather than the exception in global equity markets. Dividend predictability is weaker, however, in large and developed markets where dividends are smoothed more, the typical firm is large, and volatility is lower. Our findings suggest that the apparent lack of dividend predictability in the United States does not uniformly extend to other countries. Rather, cross-country patterns in dividend predictability are driven by differences in firm characteristics and the extent to which dividends are smoothed.
100 citations
TL;DR: This life-course analysis identifies labor market matching as a major determinant: nonentrepreneurial types choose public sector employment and also uncover tenure and context effects, which decrease and increase the hazard rate of entrepreneurial exit, respectively.
Abstract: Studies of career dynamics implicitly claim that government employees are not entrepreneurial. Utilizing longitudinal data from the U.S. Panel Study for Income Dynamics, we investigate the reasons for the low rate of entrepreneurship from the public sector. We conjecture that it is due to labor market matching processes and the bureaucratic nature of public organizations and bureaucratization of individuals. Our life-course analysis identifies labor market matching as a major determinant: nonentrepreneurial types choose public sector employment. We also uncover tenure and context effects, which decrease and increase the hazard rate of entrepreneurial exit, respectively. Whereas the former effect points toward adaptation and internal labor market sorting, the latter draws attention to exits due to frustration.
100 citations
TL;DR: In this article, the authors examine how headquarters add value, which roles they play, and how existing theory needs to be modified in light of recent developments, and highlight the possibility that the conceptualization of headquarters as a distinct organizational entity may need to be changed.
Abstract: This focused issue examines the role of headquarters in modern multinational corporations (MNCs). We examine how headquarters add value, which roles they play and how existing theory needs to be modified in light of recent developments.
We argue that headquarters still play an important role in the MNC. Furthermore, we highlight the possibility that the conceptualization of headquarters as a distinct organizational entity may need to be modified. We also suggest that further studies may benefit from focusing on problems of “dual agency” and how subsidiary managers deal with multiple parents.
100 citations
TL;DR: In this article, a continuous-time hidden Markov chain model was introduced to capture the non-Markov effect of rare events on the estimation of default probabilities and associated confidence sets.
Abstract: This paper addresses the estimation of default probabilities and associated confidence sets with special focus on rare events. Research on rating transition data has documented a tendency for recently downgraded issuers to be at an increased risk of experiencing further downgrades compared to issuers that have held the same rating for a longer period of time. To capture this non-Markov effect we introduce a continuous-time hidden Markov chain model in which downgrades firms enter into a hidden, ‘excited’ state. Using data from Moody’s we estimate the parameters of the model, and conclude that both default probabilities and confidence sets are strongly influenced by the introduction of hidden excited states.
100 citations
TL;DR: In this paper, the authors explore what factors motivate exporters to change their foreign market servicing mode from using independent distributors and agents to setting up their own local sales organization, and what factors impede such changes (switching costs).
100 citations
Authors
Showing all 2280 results
| Name | H-index | Papers | Citations |
|---|---|---|---|
| Cass R. Sunstein | 117 | 787 | 57639 |
| John Campbell | 107 | 1150 | 56067 |
| Nicolai J. Foss | 91 | 454 | 31803 |
| Stewart Clegg | 70 | 517 | 23021 |
| Robert J. Kauffman | 69 | 437 | 15762 |
| James R. Markusen | 67 | 216 | 26362 |
| Timo Teräsvirta | 62 | 224 | 20403 |
| John D. Sterman | 62 | 171 | 27982 |
| Björn Johansson | 62 | 637 | 16030 |
| Richard L. Baskerville | 61 | 284 | 18796 |
| Torben Pedersen | 61 | 241 | 14499 |
| Peter Christoffersen | 59 | 208 | 15208 |
| Saul Estrin | 58 | 359 | 16448 |
| Ram Mudambi | 56 | 236 | 13562 |
| Xin Li | 56 | 214 | 11450 |