Copenhagen Business School

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    the case of a Nordic fintech cooperative

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    Essays on Pensions and Fiscal Sustainability

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    This thesis is a volume comprised of four independent chapters: The overarching topic of the thesis is pensions and fiscal sustainability. An overriding problematic throughout the different chapters is that of demographic ageing. This ageing process, in the form of higher longevity and lower fertility, will most certainly bring changes to the way our economic lives work, whether the individual or society at large is considered. Each chapter, described below, sheds light on issues related to: fiscal sustainability and optimal public debt levels under demographic change; reform to pension systems as a response to increased longevity; and saving behaviour for retirement - a topic which is more and more relevant, as higher longevity implies a fundamental shift in how individuals ought to save for retirement

    The Role of Self-Regulation in Environmental Behavior Change

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    A rapid and global transition is needed to prevent catastrophic climate change. This transition requires, amongst other, profound behavioral changes to reduce the emission of greenhouse gasses and other environmental impacts. Within psychology, researchers have studied the psychological constructs that predict the performance of environmentally friendly behaviors and how utilizing and manipulating these constructs can bring about behavioral changes. Limited research has, however, studied the dynamics of the behavior-change process itself to uncover the processes that determine the success or failure of environmental behavior change. To address this research gap, the dissertation investigates the role of self-regulation in behavior change that is voluntarily undertaken to limit environmental impacts. Studying self-regulation—the processes that enables humans to guide their behavior over time and builds on the capacity to influence, modify, and control their own behavior—can help identify key self-regulatory problems and strategies to overcome them

    Essays on the Demand-Side Management in Electricity Markets

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    This Ph.D. thesis focuses on the demand-side management in electricity markets and a new player in the market { an aggregator of exible demand. The thesis consists of three independent chapters investigating the entrance of this new player in the power markets from di erent angles: focusing on the aggregator, a large power consumer and a producer. The rst chapter, \Aggregation of demand-side exibility in electricity markets: the e ects of portfolio choice", analyses the performance of the aggregator depending on its portfolio choice. I have investigated several portfolios of di erent exibility sources: electrical vehi- cles, heat pumps and/or home appliances like washing machines, dryers and dish washers. I have used Nord Pool power market data for Denmark's bidding area DK2 to identify the e ects of the portfolio choice on the imbalance payments and compensations to consumers that provide exibility. The results show that di erent compositions of exibility sources lead to di erent imbalance payments and compensations to consumers. However, there is no signi cant additional value of having an access to all types of exibility sources unless there is a xed contract cost. This suggests that the aggregator would choose to specialise in cer- tain types of exibility sources. Also, I nd that the incentives for consumers to participate in demand-side management programs might be not su cient, since the compensation for the provided exibility is very low

    The Organizing of Participation in Contemporary Art

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    This thesis engages with the organizing of participation in participatory art that constitutes the so-called social turn in contemporary visual art. The purpose of the research project is to generate new knowledge about participatory art, in particular, by investigating the organizational processes involved in these practices. To this end, an in-depth, qualitative case study of the organizing of participation for a public work of art was conducted. Using sociologist John Law’s notion of modes of ordering as a tool to sharpen an analysis of the patterning effects discerned from fieldwork observations, the thesis argues that the organizing of participation in contemporary art is an effect of four main interacting modes of ordering, termed artistic autonomy, administration, the site, and public interest. First, the thesis respectively explores the modes of ordering as singular ordering patterns in the networks of the social, and then describes how they interact and the effects of that interaction in the case study. The thesis thus contributes to a new ‘organizational turn’ in art theory that considers the way in which artistic practices are concerned with the organizing and reorganizing of social ordering processes, while themselves being embedded within and filtered into other organizing practices. The thesis also contributes to organization studies’ interest in the relationship between art, aesthetics, and processes of organizing, suggesting that contemporary art theory and organization studies both ponder the question of how artistic practices generate new forms of organizing that counter society’s prevailing economic rationale

    A Literature Review

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    Forestry decentralization policies follow an inherent logic that centralized governance of forest resources cannot address the multifaceted nature of forest-related problems. It is through a diverse range of institutions and a combination of multiple partners consisting of state, non-state actors and rural communities, that such problems can be efficiently addressed. Central to decentralization policies is the argument that it envisions a triple win involving improved natural resource governance, improved rural livelihoods and improved biophysical conditions. However, an important and often overlooked consequence of these policies is that they also enable a growing commercialization of forests. In this context, increasing profits are constitutive for the governing logic. Based on a review of the state of knowledge on forestry decentralization and its impacts, and drawing on insights from Tanzania’s forestry sector, this literature review discusses the background of decentralization policies in Tanzania and how they have led to a proliferation of community-based forest enterprises with potentially adverse effects on both the sustainability of the forest and local livelihoods

    Risk Attitudes, Sample Selection and Attrition in a Longitudinal Field Experiment

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    Longitudinal experiments allow one to evaluate the temporal stability of latent preferences, but raise concerns about sample selection and attrition that may confound inferences about temporal stability. We evaluate the hypothesis of temporal stability in risk preferences using a remarkable data set that combines socio-demographic information from the Danish Civil Registry with information on risk attitudes from a longitudinal field experiment. Our experimental design builds in explicit randomization on the incentives for participation. The results show that the use of different participation incentives can affect sample response rates and help identify the effects of selection. Correcting for endogenous sample selection and panel attrition changes inferences about risk preferences in an economically and statistically significant manner. Estimates of risk preferences change with these corrections. In general we find evidence consistent with temporal stability of risk preferences when one corrects for selection and attrition

    Moving Organizational Atmospheres

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    Moving Organizational Atmospheres provides a conceptual and empirical exploration of the notion of organizational atmosphere as a non-dualist concept. The atmospheric is presented as an organizational phenomenon with relevance for decision makers, organizations and managers as it concerns aesthetic, affective-emotional and spatial qualities of the work environment, but also addresses issues of profound cultural transformation and social change. As such, organizational atmospheres are considered part of an ongoing aesthetization of society that pervades the emotionalaffective climate of organizations and everyday human actions to respond to desires, creativity and the quest for constant growth. Looking at organizational atmosphere from a non-dualist perspective, shows organization as an aesthetic phenomenon manifesting itself in and stimulating the emotional-affective climate, the practices, the spaces and the ways of working in organizations. Both conceptually and analytically the thesis contributes to the discussions in the fields of organizational aesthetics as well as the affective and spatial turn in organization studies, by addressing how organizational atmospheres work when embraced as a fluid phenomenon and by providing an analytically experimental account of the experiencing and producing organizational atmosphere based on field work in two organizations. Considering organizational atmosphere as a non-dualist notion, implies embracing ambiguity by attending to subject and object as forming a coherent whole in human experience. The thesis presents a systematic and in-depth engagement with a ‘German’ non-dualist tradition of thinking the atmospheric in organization studies by tracing the philosophical roots in the German phenomenological tradition, spearheaded by the neo-phenomenology of Hermann Schmitz and Gernot Böhme’s aesthetics. Coherently, dealing empirically with organizational atmosphere raises a set of pivotal ontological and epistemological questions, which leads to arguing for a performative research approach to engage with organizational atmosphere as a relational ontological matter coming into momentary presence in the lived space through the embodied affective experience. As such the thesis reflects a move towards understanding organization as an atmospheric phenomena reflecting an aesthetic and processual apprehension, whereby not only considering organizations as part of an aesthetization of society, but proposing a rethinking of organizational categories and the ways of writing organization

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