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 & Entrepreneurship. The organization has 2194 authors who have published 9649 publications receiving 341898 citations.
Topics: Corporate governance, Entrepreneurship, Corporate social responsibility, Context (language use), European union
Papers published on a yearly basis
Papers
More filters
••
TL;DR: In this paper, the authors examine how firms implement impairment tests as required by IAS 36, and explore factors which may explain why some firms are not entirely in compliance with the standard.
Abstract: This study seeks first to examine how firms implement impairment tests as required by IAS 36, and second, to explore factors which may explain why some firms are not entirely in compliance with IAS 36 It is based on a survey which includes 58 completed questionnaires representing 73% of the firms on the Copenhagen Stock Exchange that recognize goodwill on the balance sheet The findings imply a variety in the application of IAS 36 Based on our analysis, it is difficult to determine whether this simply indicates that firms adopt an approach suited to their organizational and economic structures, or if it reveals that firms are uncertain as how to apply the standard Our analysis further indicates inconsistencies in the implementation of IAS 36 This includes both how firms define a CGU and how they estimate the recoverable amount Further, multivariate analysis reveals that the inconsistencies detected here are less likely in firms that systematize the procedures for impairment testing and use persons with considerable valuation experience The findings should be of interest to a number of parties including firms, financial advisers, auditors, standard setters and users of financial statements
94 citations
••
TL;DR: In this paper, the authors examined 40 years of research conducted in the area of out-of-stocks (OOS) and found that OOS rates largely seem to fall into an average level at about 7 to 8%.
Abstract: This article examines 40 years of research conducted in the area of Out-of-Stocks (OOS). Two research streams originating from the Progressive Grocer (1968) study are reviewed. The first stream dealt with demand side issues and analysed consumer responses to OOS. The other dealt with supply side issues and analysed the extent and root causes of OOS situations as well as how to improve OOS. Four paradoxes are derived from the review and are discussed: 1) OOS rates largely seem to fall into an average level at about 7 to 8% despite 40 years of research; 2) only sparse attempts have been made to integrate the two research streams; 3) there is an emphasis on minimizing OOS rather than relying on basic trade-offs as addressed by Economic-Order-Quantity theory to optimize OOS levels; and 4) despite clear evidence of the store as the major contributor to OOS situations, the store has largely remained a ‘black-box’ in OOS research. Finally, the study suggests that OOS research can integrate the notions of the two...
94 citations
••
TL;DR: In this article, three basic assumptions of mental simulations were tested by using naturalistic data from engineering design and it was found that prototypes had fewer technical/functional simulations compared to sketches or unsupported cognition, the different external representation categories did not differ in information uncertainty.
Abstract: SUMMARY Although theories of mental simulations have used different formulations of the premises of ‘thought experiments’, they can be fitted under a minimalist hypothesis stating that mental simulations are run under situations of uncertainty to turn that uncertainty into approximate answers. Three basic assumptions of mental simulations were tested by using naturalistic data from engineering design. Results from the design protocols showed (1) initial representations in mental simulations was higher than base-rate uncertainty, (2) uncertainty in mental simulations were lowered after simulation runs, (3) resulting representations had more approximations than base-rate or initial representations. Further, the reference to external representational systems (sketches and prototypes) was examined. It was found that prototypes had fewer technical/functional simulations compared to sketches or unsupported cognition. Although prototypes were associated with more approximation than unsupported cognition, the different external representation categories did not differ in information uncertainty. The results support the minimalist hypothesis of mental simulations. Copyright # 2008 John Wiley & Sons, Ltd.
93 citations
••
TL;DR: In this article, ownership structures vary considerably across the largest European economies and that ownership has a significant impact on firm performance, and they demonstrate that ownership structures in Europe are not necessarily consistent with value maximisation principles.
Abstract: In this paper, we show that ownership structures vary considerably across the largest European economies, and that ownership has a significant impact on firm performance. We demonstrate that ownership structures in Europe are not necessarily consistent with value maximisation principles. Ultimately, the results show that dominant shareholders have a negative impact on long-term share price performance. These findings are in contradiction to similar research based on US samples. Our results remain robust after controlling for industry and country effects, size and the type of owner. We base our analysis on a new and unique dataset of uniform and reliable ownership data of the largest 100 public firms in the five major European economies. We quantify the differences in ownership by comparing three distinct ownership structures of firms, and relating them to performance. In addition to standard performance measures, we employ, for the first time, a Hodrick-Prescott Filter. This methodology is widely used in macroeconomics to isolate the trend growth components from cyclical fluctuations. Here it is deployed to estimate the share price trend of each firm.
93 citations
01 Jan 2005
TL;DR: This article reviewed the literature on MNEs' international R&D activities with the purpose of assessing extent and trends, identifying central concepts, frameworks, typologies and debates, and assessing managerial implications.
Abstract: This paper reviews the literature on MNEs' international R&D activities with the purpose of assessing extent and trends, identifying central concepts, frameworks, typologies and debates, and assessing managerial implications. Reviewed statistics indicates that the fire growth in R&D internationalisation, well documented in the previous literature, may have come to an end. Furthermore, as a qualitative flip side to this apparent quantitative stagnation, managerial focus is shifting towards organisational consolidation of the existing complex international R&D structures. Based on discussions of prevailing motives for internationalising R&D, the paper further proposes that these motives can usefully be ascribed to six types: market-driven, production-driven, technology-driven, innovation-driven, cost-driven and policy-driven.
93 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 |