Recent Submissions

  • Aspara, Jaakko; Charkavarti, Amitav; Hoffmann, Arvid O. I. (Emerald Group Publishing Ltd., 2015)
  • Holmén, Martin; Wang, Peng (M.E.Sharpe, 2015)
    This paper investigates Initial Public Offerings (IPOs) of high-tech firms on the Chinese Growth Enterprise Market (GEM). Almost half of the GEM IPOs are set up in pyramid structures. The likelihood of a pyramid structure increases with the size of the IPO firm and state control. Our results do not suggest that pyramids are set up to overcome financial constraints. However, we document that pyramid IPOs are discounted before the IPO. The subscription price to book ratio is significantly lower for pyramid IPOs and this translates into higher underpricing. We conclude that IPO investors demand a higher risk-premium when investing in pyramid IPOs.
  • Nyman, Linus Morten; Lindman, Juho (Talent First Network, 2013-01-15)
  • Björk, Bo-Christer (Hanken School of Economics, 2015-09-23)
    Subject repositories are open web collections of working papers or manuscript copies of published scholarly articles, specific to particular scientific disciplines. The first repositories emerged already in the early 1990’s and in some fields of science they have become an important channel for the dissemination of research results. Using quite strict inclusion criteria 56 subject repositories were identified from a much larger number indexed in two repository indexes. A closer study of these demonstrated a huge variety in sizes, organizational models, functions and topics. When they first started to emerge subject repositories catered to a strong market demand, but the later development of Internet search engines, the rapid growth of institutional repositories and the tightening up of journal publisher OA policies seems to be slowing down their growth.
  • Björk, Bo-Christer (Hanken School of Economics, 2015-09-23)
    The move from subscription only publishing of scholarly articles to open access has been much slower than previously anticipated by many Open Access (OA) advocates. Despite the many advantages that OA offers, this particular branch of E-commerce imposes several formidable barriers to change. A framework conceptualizing these barriers that was developed over a decade ago was revisited to see if the significance of these barriers has changed. Nowadays, building the IT infrastructure, support from indexing services and finding a sustainable business model are no longer important barriers. For gold OA publishing the academic reward system is still a major obstacle, whereas more marketing and critical mass is needed for both gold OA and green OA. Green OA selfarchiving is still also strongly affected by what subscription publishers allow. In the overall balance the situation has nevertheless improved significantly.
  • Björk, Bo-Christer (Hanken School of Economics, 2015-09-23)
    Mainstream scholarly publishers have since 2004 started to offer authors in subscription journals the possibility to free their individual articles from access barriers against a payment (hybrid OA). This has been marketed as a possible gradual transition path between subscription and open access to the scholarly journal literature, and the publishers have pledged to decrease their subscription prices in proportion to the uptake of the hybrid option. The number of hybrid journals has doubled in the past couple of years and is now over 4,300, and the number of such articles was around 12,000 in 2011. On average only 1-2 % of eligible authors utilize the OA option, due mainly to the generally high price level of typically 3,000 USD. There are, however, a few publishers and individual journals with a much higher uptake. This article takes a closer look at the development of hybrid OA and discusses, from an author-centric viewpoint, the possible reasons for the lack of success of this business model.
  • Dube, Apramey; Helkkula, Anu (Emerald Group Publishing Ltd., 2015-04-14)
  • Widenius, Michael; Nyman, Linus Morten (Talent First Network, 2013-06)
    The benefits of the open source development model have been proven by the test of time; however, making this development model economically feasible can be challenging. In this article, Monty Widenius puts forth a suggestion for a new type of license, which is the result of the lessons learned from decades of work on open source, both as programmer and entrepreneur. The result, “business source”, is a license that seeks to enable a business model that can both harness the benefits of open source while generating sufficient income for the program’s continued development. The business source license automatically changes terms after a given period: an initial non-open source license with specific usage restrictions that transforms to a fully open source license on a specific future date. In this article, we contribute a proposal for a novel license, a set of recommendations for managers, and a sample text of a business source license. This work will be of relevance to four main groups: i) those developing or managing a closed source program but who are interested in the benefits open source offers; ii) those managing open core programs; iii) projects in development; and iv) investors interested in funding open source projects.
  • Widenius, Michael "Monty"; Nyman, Linus Morten (Talent First Network, 2014-01-29)
    This article is meant as a primer for those interested in gaining a basic understanding of the business of open source software. Thus, we cover four main areas: i) what motivates businesses to get involved in open source; ii) common open source licenses and how they relate to community and corporate interests; iii) issues regarding the monetization of an open source program; and iv) open source business models currently employed. This article is particularly suitable for people who want a general understanding of the business of open source software; people who want to understand the significant issues regarding an open source program's potential to generate income; and entrepreneurs who want to create a company around open source code.
  • Gummerus, Johanna; Koskull von, Catharina (Hanken School of Economics, 2015-09-15)
  • Rinne, Caroline (Svenska handelshögskolan, 2015-09-08)
  • Lindfors, Emilia Marina (Svenska handelshögskolan, 2015-09-07)
  • Hagström, Carl Erik Wilhelm (Svenska handelshögskolan, 2015-09-03)