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.

Structural equality at the top of the corporation: Mandated quotas for women directors.

Abstract: We propose a concept of structural equality as a compromise between competing policy preferences of equality and individual liberty to address a stunning property of the governance of corporations, namely, the paucity of female directors on corporate boards. An argument for imposing a quota for women directors on boards is the need to disrupt structural impediments to permit endogenous mechanisms to sustain female recruitment beyond a critical mass. Using estimates from the Norwegian experiment, we apply an agent-based model to American board data to show that modest numerical quotas generate well-connected networks of women directors who attain equality in their centrality and influence. The analysis demonstrates the utility of computational social science for identifying policies that generate alternative and possible worlds of greater structural equality.

Multinational Enterprises from Small Economies: The Internationalization Patterns of Large Companies from Denmark, Finland and Norway

Abstract: (2002). Multinational Enterprises from Small Economies: Internationalization Patterns of Large Companies from Denmark, Finland, and Norway. International Studies of Management & Organization: Vol. 32, No. 1, pp. 57-78.

More Than Just a Fashion Magazine

Abstract: This article makes use of Becker's analysis of art worlds as ‘networks of people cooperating’ to examine the ongoing relationships negotiated between fashion magazine staff, their readers, advertis...

Participation Constraints in the Stock Market: Evidence from Unexpected Inheritance due to Sudden Death

Abstract: We use a natural experiment to investigate the impact of participation constraints on individuals' decisions to invest in the stock market. Unexpected inheritance due to sudden deaths results in exogenous variation in financial wealth and allows us to examine whether fixed entry and ongoing participation costs cause non-participation. We have three key findings. First, windfall wealth has a positive effect on participation. Second, the majority of households do not react to sizeable windfalls by entering the stock market, but hold on to substantial safe assets—even over longer horizons. Third, the majority of households inheriting stock holdings actively sell the entire portfolio. Overall, these findings suggest that participation by many individuals is unlikely to be constrained by financial participation costs.