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
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TL;DR: In this article, the authors investigate the influencing factors of both director compensation levels and structure, i.e., the probability of performance-based compensation, and find that compensation is systematically structured to mitigate agency conflicts and to encourage effective monitoring.
Abstract: Building on a unique panel data set of German Prime Standard companies for the period 2005-2008, this paper investigates the influencing factors of both director compensation levels and structure, i.e. the probability of performance-based compensation. Drawing on agency theory arguments and previous literature, we analyze a comprehensive group of determinants, including detailed corporate performance, ownership and board characteristics. While controlling for unobserved heterogeneity, we find director compensation to be set in ways consistent with optimal contracting theory. i.e., compensation is systematically structured to mitigate agency conflicts and to encourage effective monitoring. Thus, our results indicate that similar types of agency conflicts exist in the German two-tier setting.
89 citations
04 Jan 2006
TL;DR: The paper investigates how IT Governance is adopted in the case company Novozymes A/S, which is a biotech-based world leader in industrial enzymes and microorganisms, and analyses the challenges of the adopted IT governance arrangements and mechanisms.
Abstract: Complexity in information technology architectures and infrastructures, and an increasing need for executives to verify and secure value generation processes in private as well as public organisations, call for an increasing awareness and understanding of Corporate Governance in general and IT Governance in particular. The paper investigates how IT Governance is adopted in the case company Novozymes A/S, which is a biotech-based world leader in industrial enzymes and microorganisms. Based on a review of 17 IT Governance Tools, the paper analyses the challenges of the adopted IT Governance arrangements and mechanisms. Finally, the paper point to future development directions in order to further unfold the potential of IT Governance at Novozymes A/S.
89 citations
Posted Content•
TL;DR: In this article, the authors analyse the sources of vote buying in sub-Saharan African using data from the Afrobarometer, focusing on the impact of poverty on vote buying at the individual-and country-level.
Abstract: Alongside the spread of democracy in the developing world, vote buying has emerged as an integral part of election campaigns. Yet, we know little about the causes of vote buying in young democracies. In this paper, we analyse the sources of vote buying in sub-Saharan African. Using data from the Afrobarometer, we focus on the impact of poverty on vote buying at the individual- and country-level. Results from multilevel regressions show that poor voters are significantly more likely to be targets of vote buying than wealthier voters. This effect increases when elections are highly competitive. Thus, micro-level poverty seems to be an important source of vote buying in Africa and has major implications for the way electoral democracy operates.
89 citations
TL;DR: In this article, the authors present a set of recommendations for managers, and suggest several future research opportunities around the management of openness in the context of SMEs from emerging markets in Bosnia and Herzegovina.
89 citations
TL;DR: The authors found that the price of immediacy has doubled for short-term investment-grade bonds, and more than tripled for speculative grade bonds after the 2008 credit crisis, and that the supply of immediate liquidity has become more elastic with respect to its price, consistent with Du et al.'s prediction that the post-crisis regulatory environment would hinder market making.
Abstract: Liquidity provision in the corporate bond market has become significantly more expensive after the 2008 credit crisis. Using index exclusions as a natural experiment during which uninformed index trackers request immediacy, we find that the price of immediacy has doubled for short-term investment-grade bonds, and more than tripled for speculative-grade bonds. In addition to this level effect, after the crisis, the supply of immediacy has become more elastic with respect to its price. These results are consistent with Duffie (2012)’s prediction that the post-crisis regulatory environment would hinder market making.
89 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 |