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.

Running in the family: parental role models in entrepreneurship

Abstract: It is well established that children of self-employed parents are more likely to become self-employed themselves, but the reasons are still hotly debated. Using Danish register data, we investigate the importance and workings of parental role models for the probability of becoming self-employed. We find that the effect of a self-employed father (mother) is much higher for males (females). These results are statistically and economically very significant, and they survive when we control for parental wealth and work experience from the parents’ firms and when we exclude cases where the offspring takes over the family business. This points to a strong role for parental role models in explaining why self-employment runs in the family.

Exploring the contours of supply chain management

Abstract: Supply chain management (SCM) is becoming a popular concept both in research and in practice. At the EurOMA Conference in Copenhagen in 2002 many papers focused on SCM as a research topic. Similarly, an increasing number of companies are establishing positions as supply chain managers. SCM is also a popular theme for trade journals and management conferences. The quest for integration is an explicit or implicit assumption in most literature within SCM. The basic hypothesis is “the more integration – the better the management of the chain”. This article discusses what the term “management” in the concept of SCM stands for. The integration assumption as a “cure all” prescription for SCM is challenged, and questions raised as to when it is possible and desirable to exercise management in supply chains. The main thesis is that it depends very much on the “environment” of the supply chain and the power relations between the participants in the supply chain.

Cohort Profile: The transition from childhood to adolescence in European children-how I.Family extends the IDEFICS cohort.

Abstract: Cohort Profile : The transition from childhood to adolescence in European children-how I.Family extends the IDEFICS cohort

A General Stochastic Volatility Model for the Pricing of Interest Rate Derivatives

Abstract: We develop a tractable and flexible stochastic volatility multifactor model of the term structure of interest rates. It features unspanned stochastic volatility factors, correlation between innovations to forward rates and their volatilities, quasi-analytical prices of zerocoupon bond options, and dynamics of the forward rate curve, under both the actual and risk-neutral measures, in terms of a finite-dimensional affine state vector. The model has a very good fit to an extensive panel dataset of interest rates, swaptions, and caps. In particular, the model matches the implied cap skews and the dynamics of implied volatilities. (JEL E43, G13)