Erasmus University Rotterdam

Displaying 1-16 of 16 results

  • White Papers // May 2011

    The Global Entry Of New Pharmaceuticals: A Joint Investigation Of Launch Window And Price

    Research on the launch of new products in the international realm is scarce. The present paper is the first to document how launch window (difference in months between the first worldwide launch and the subsequent launch in a specific country) and launch price are interrelated and how regulation influences both...

    Provided By Erasmus University Rotterdam

  • White Papers // Dec 2010

    Global Diffusion Of The Non-Traditional Banking Model And Alliance Networks: Social Exposure, Learning And Moderating Regulatory Effort

    The authors analyze the impact of (alliance) network exposure on the speed and extent of adoption of the business model as being one explanatory factor for diffusion controlling for actor specific characteristics and embeddedness in the network. In order to explain how existing national regulation moderated this relationship and whether...

    Provided By Erasmus University Rotterdam

  • White Papers // Apr 2010

    The Relationship Between Entrepreneurship and Economic Development: Is It U-Shaped?

    Following a centuries-long decline in the rate of self-employment, a discontinuity in this downward trend is observed for many advanced economies starting in the 1970s and 1980s. In some countries the rate of self-employment appears to increase. At the same time, cross-sectional analysis shows a U-shaped relationship between start-up rates...

    Provided By Erasmus University Rotterdam

  • White Papers // Dec 2009

    Democratic Citizenship Or Market Based Entitlements?: A Gender Perspective On Social Protection In South Asia

    As livelihood insecurity rises and existing systems of social security are being eroded in South Asia, a number of social protection interventions have been proposed. Despite different frameworks, there appears to be convergence on the ground between contending pathways of social protection. Contemporary policies dealing with socio-economic/human insecurity and informalization...

    Provided By Erasmus University Rotterdam

  • White Papers // Dec 2009

    Development Through Global Value Chains And The Achievement Of Decent Work: Challenges To Work And Representational Processes

    The co-ordination of global production and trade within value chains has amplified debates concerning the impact of globalisation on labour, especially for developing countries. Whilst many development agencies argue for value chain insertion and upgrading as optimistic development pathways, many studies suggest a nuanced, conditional evaluation of the potential impacts...

    Provided By Erasmus University Rotterdam

  • White Papers // Sep 2009

    Optimal Risk Management Before, During And After The 2008-09 Financial Crisis

    In this paper the authors advance the idea that optimal risk management under the Basel II Accord will typically require the use of a combination of different models of risk. This idea is illustrated by analyzing the best empirical models of risk for five stock indexes before, during, and after...

    Provided By Erasmus University Rotterdam

  • White Papers // Jul 2009

    What Happened To Risk Management During The 2008-09 Financial Crisis?

    When dealing with market risk under the Basel II Accord, variation pays in the form of lower capital requirements and higher profits. Typically, GARCH type models are chosen to forecast Value-at-Risk (VaR) using a single risk model. In this paper the authors illustrate two useful variations to the standard mechanism...

    Provided By Erasmus University Rotterdam

  • White Papers // May 2009

    The Environmental Gains of Remanufacturing: Evidence From the Computer and Mobile Industry

    Remanufacturing has long been perceived as an environmentally-friendly initiative. The question of how remanufacturing moderates the relation between environmental impact and economic returns is still unanswered, however. In this paper, the authors focus their attention on the electronics industry. In particular, they take a close look at remanufacturing within the...

    Provided By Erasmus University Rotterdam

  • White Papers // May 2009

    Has The Basel II Accord Encouraged Risk Management During The 2008-09 Financial Crisis?

    The Basel II Accord requires that banks and other Authorized Deposit-taking Institutions (ADIs) communicate their daily risk forecasts to the appropriate monetary authorities at the beginning of each trading day, using one or more risk models to measure Value-at-Risk (VaR). The risk estimates of these models are used to determine...

    Provided By Erasmus University Rotterdam

  • White Papers // Apr 2009

    Contagion As Domino Effect In Global Stock Markets

    This paper shows that stock market contagion operates through a domino effect, where confined local crashes evolve into more widespread crashes. Using a novel framework based on ordered logit regressions the authors model the occurrence of local, regional and global crashes as a function of their past occurrences crashes and...

    Provided By Erasmus University Rotterdam

  • White Papers // Apr 2009

    The Value of RFID Technology Enabled Information to Manage Perishables

    The authors address the value of RFID technology enabled information to manage perishables in the context of a supplier that sells a random lifetime product subject to stochastic demand and lost sales. They compare two information cases to a Base case in which the product's time and temperature history is...

    Provided By Erasmus University Rotterdam

  • White Papers // Feb 2009

    Why Do Convertible Issuers Simultaneously Repurchase Stock? An Arbitrage-Based Explanation

    In 2006, one-third of the U.S. convertible debt issuers simultaneously repurchased their own stock. This paper explores the motivations for these combined transactions. The authors argue that convertible debt issuers buy back their stock in order to facilitate short selling by convertible debt arbitrageurs, thereby mitigating the negative stock price...

    Provided By Erasmus University Rotterdam

  • White Papers // Dec 2008

    International Entrepreneurship: An Introduction, Framework and Research Agenda

    In this paper, the authors provide an introduction into the field of international entrepreneurship. A definition of international entrepreneurship and associated key concepts is given and the research domain of international entrepreneurship is described. A substantial part of the international entrepreneurship literature concentrates on the internationalization of Small and Medium-sized...

    Provided By Erasmus University Rotterdam

  • White Papers // Oct 2008

    User Innovation in SMEs: Incidence and Transfer to Producers

    The contribution of this paper is threefold. The authors measure the incidence of user innovation in a broad sample of firms. Previous work has collected repeated evidence on the frequency of user innovation in a variety of industries and products, but so far its incidence has not been demonstrated in...

    Provided By Erasmus University Rotterdam

  • White Papers // Aug 2008

    Structural Differences In Economic Growth

    This paper addresses heterogeneity in determinants of economic growth in a data-driven way. Instead of defining groups of countries with different growth characteristics a priori, based on, for example, geographical location, the authors use a infinite mixture panel model and endogenous clustering to examine cross-country differences and similarities in the...

    Provided By Erasmus University Rotterdam

  • White Papers // May 2008

    Smart Business Networks: Architectural Aspects, Risks and Related Asynchronous Business Interactions

    This paper summarizes key attributes and the uniqueness of smart business networks, to propose thereafter operational implementation architecture. It involves, amongst others, the embedding of business logic specific to a network of business partners, inside the communications control networks. It also involves the definition of business protocols between these partners...

    Provided By Erasmus University Rotterdam

  • White Papers // Apr 2009

    Contagion As Domino Effect In Global Stock Markets

    This paper shows that stock market contagion operates through a domino effect, where confined local crashes evolve into more widespread crashes. Using a novel framework based on ordered logit regressions the authors model the occurrence of local, regional and global crashes as a function of their past occurrences crashes and...

    Provided By Erasmus University Rotterdam

  • White Papers // Dec 2009

    Democratic Citizenship Or Market Based Entitlements?: A Gender Perspective On Social Protection In South Asia

    As livelihood insecurity rises and existing systems of social security are being eroded in South Asia, a number of social protection interventions have been proposed. Despite different frameworks, there appears to be convergence on the ground between contending pathways of social protection. Contemporary policies dealing with socio-economic/human insecurity and informalization...

    Provided By Erasmus University Rotterdam

  • White Papers // Feb 2009

    Why Do Convertible Issuers Simultaneously Repurchase Stock? An Arbitrage-Based Explanation

    In 2006, one-third of the U.S. convertible debt issuers simultaneously repurchased their own stock. This paper explores the motivations for these combined transactions. The authors argue that convertible debt issuers buy back their stock in order to facilitate short selling by convertible debt arbitrageurs, thereby mitigating the negative stock price...

    Provided By Erasmus University Rotterdam

  • White Papers // May 2009

    The Environmental Gains of Remanufacturing: Evidence From the Computer and Mobile Industry

    Remanufacturing has long been perceived as an environmentally-friendly initiative. The question of how remanufacturing moderates the relation between environmental impact and economic returns is still unanswered, however. In this paper, the authors focus their attention on the electronics industry. In particular, they take a close look at remanufacturing within the...

    Provided By Erasmus University Rotterdam

  • White Papers // Apr 2009

    The Value of RFID Technology Enabled Information to Manage Perishables

    The authors address the value of RFID technology enabled information to manage perishables in the context of a supplier that sells a random lifetime product subject to stochastic demand and lost sales. They compare two information cases to a Base case in which the product's time and temperature history is...

    Provided By Erasmus University Rotterdam

  • White Papers // Oct 2008

    User Innovation in SMEs: Incidence and Transfer to Producers

    The contribution of this paper is threefold. The authors measure the incidence of user innovation in a broad sample of firms. Previous work has collected repeated evidence on the frequency of user innovation in a variety of industries and products, but so far its incidence has not been demonstrated in...

    Provided By Erasmus University Rotterdam

  • White Papers // May 2008

    Smart Business Networks: Architectural Aspects, Risks and Related Asynchronous Business Interactions

    This paper summarizes key attributes and the uniqueness of smart business networks, to propose thereafter operational implementation architecture. It involves, amongst others, the embedding of business logic specific to a network of business partners, inside the communications control networks. It also involves the definition of business protocols between these partners...

    Provided By Erasmus University Rotterdam

  • White Papers // Apr 2010

    The Relationship Between Entrepreneurship and Economic Development: Is It U-Shaped?

    Following a centuries-long decline in the rate of self-employment, a discontinuity in this downward trend is observed for many advanced economies starting in the 1970s and 1980s. In some countries the rate of self-employment appears to increase. At the same time, cross-sectional analysis shows a U-shaped relationship between start-up rates...

    Provided By Erasmus University Rotterdam

  • White Papers // Dec 2008

    International Entrepreneurship: An Introduction, Framework and Research Agenda

    In this paper, the authors provide an introduction into the field of international entrepreneurship. A definition of international entrepreneurship and associated key concepts is given and the research domain of international entrepreneurship is described. A substantial part of the international entrepreneurship literature concentrates on the internationalization of Small and Medium-sized...

    Provided By Erasmus University Rotterdam

  • White Papers // May 2009

    Has The Basel II Accord Encouraged Risk Management During The 2008-09 Financial Crisis?

    The Basel II Accord requires that banks and other Authorized Deposit-taking Institutions (ADIs) communicate their daily risk forecasts to the appropriate monetary authorities at the beginning of each trading day, using one or more risk models to measure Value-at-Risk (VaR). The risk estimates of these models are used to determine...

    Provided By Erasmus University Rotterdam

  • White Papers // Jul 2009

    What Happened To Risk Management During The 2008-09 Financial Crisis?

    When dealing with market risk under the Basel II Accord, variation pays in the form of lower capital requirements and higher profits. Typically, GARCH type models are chosen to forecast Value-at-Risk (VaR) using a single risk model. In this paper the authors illustrate two useful variations to the standard mechanism...

    Provided By Erasmus University Rotterdam

  • White Papers // Sep 2009

    Optimal Risk Management Before, During And After The 2008-09 Financial Crisis

    In this paper the authors advance the idea that optimal risk management under the Basel II Accord will typically require the use of a combination of different models of risk. This idea is illustrated by analyzing the best empirical models of risk for five stock indexes before, during, and after...

    Provided By Erasmus University Rotterdam

  • White Papers // Dec 2009

    Development Through Global Value Chains And The Achievement Of Decent Work: Challenges To Work And Representational Processes

    The co-ordination of global production and trade within value chains has amplified debates concerning the impact of globalisation on labour, especially for developing countries. Whilst many development agencies argue for value chain insertion and upgrading as optimistic development pathways, many studies suggest a nuanced, conditional evaluation of the potential impacts...

    Provided By Erasmus University Rotterdam

  • White Papers // Aug 2008

    Structural Differences In Economic Growth

    This paper addresses heterogeneity in determinants of economic growth in a data-driven way. Instead of defining groups of countries with different growth characteristics a priori, based on, for example, geographical location, the authors use a infinite mixture panel model and endogenous clustering to examine cross-country differences and similarities in the...

    Provided By Erasmus University Rotterdam

  • White Papers // May 2011

    The Global Entry Of New Pharmaceuticals: A Joint Investigation Of Launch Window And Price

    Research on the launch of new products in the international realm is scarce. The present paper is the first to document how launch window (difference in months between the first worldwide launch and the subsequent launch in a specific country) and launch price are interrelated and how regulation influences both...

    Provided By Erasmus University Rotterdam

  • White Papers // Dec 2010

    Global Diffusion Of The Non-Traditional Banking Model And Alliance Networks: Social Exposure, Learning And Moderating Regulatory Effort

    The authors analyze the impact of (alliance) network exposure on the speed and extent of adoption of the business model as being one explanatory factor for diffusion controlling for actor specific characteristics and embeddedness in the network. In order to explain how existing national regulation moderated this relationship and whether...

    Provided By Erasmus University Rotterdam