• Do not forget the strategic architecture of your manufacturing network while offshoring

      Vereecke, Ann; De Meyer, Arnoud (2006)
      Offshoring manufacturing to low labor cost countries has become trendy. Nearly everyday one sees an announcement in the business press of companies moving to China or India. Whilst production cost is an important consideration in choosing a location for the factory, we argue that one should not become victim of a herd effect and that other parameters e.g. quality, flexibility, transportation and energy costs, etc. need to be taken into consideration in the determination of the optimal manufacturing network. Relocating a factory is changing the strategic architecture of the company's manufacturing network and requires a long term view and a good model to design the architecture of the manufacturing network. Based on empirical survey research and a set of case studies we provide such a model to think about the roles of factories in the strategic manufacturing network of the firm. But we go beyond a classification and a descriptive model and we provide a set of six managerial issues that require senior management's attention in determining the optimal manufacturing network and its dynamic evolution. We argue for example that senior management needs to build a balanced portfolio of different types of factories, has to have a performance measurement system adapted to the type of factory, as well as the appropriate leadership for each of the different types of factories and needs to actively manage the dynamics and the flows of innovation in the factory network. Key words: international manufacturing, network management, outsourcing
    • Do R&D subsidies affect SME's: access to external financing

      Meuleman, Miguel; De Maeseneire, Wouter (2008)
    • Does cognitive style diversity affect performance in dyadic cooperations

      Vanderheyden, Karlien; De Baets, Shari (2012)
      The scope and purpose of this special issue is to reassess the relationships between private equity (PE) investors and their portfolio companies in the light of the need for venture capital/ private equity (VC PE) firms to adapt their strategies for value creation in the light of the recent financial crisis. We particularly focus upon VC PE characteristics that differently contribute to portfolio firm performance. The papers presented in this special issue capture this aim in various ways, reflecting the heterogeneity of VC PE investors and the firms in which they invest. We begin this introductory paper by providing a brief overview of each paper’s contribution. We articulate themes for an agenda for future research relating to the heterogeneity of investor types and the contexts in which they invest.
    • Does foreign direct investment crowed out domestic entrepreneurship?

      De Backer, Koen; Sleuwaegen, Leo (Vlerick Business School, 2002)
      In analyzing firm entry and exit across Belgian manufacturing industries, this paper presents evidence that import competition and foreign direct investment discourage entry and stimulate exit of domestic entrepreneurs. These results are in line with theoretical occupational choice models, where it is shown that crowding out of domestic entrepreneurs through foreign direct investment works through selection in product and labor markets. However, the empirical results also suggest important long term structural positive effects of FDI on domestic entrpreneurship as a result of learning, demonstration, networking and linkage effects between foreign and domestic firms which tend to moderate or even reverse crowding out effects on domestic entrepreneurship.
    • Does foreign investment crowd out domestic entrepreneurship?

      De Backer, Koen; Sleuwaegen, Leo (KU Leuven, Dep. of Applied Economics, 2001)
    • Does IT matter where immigrants work? Traded goods, non-traded goods, and sector specific employment

      Bowen, Harry; Pedussel, Jennifer (Vlerick Business School, 2004)
      Immigrant employment often concentrates in non-traded goods sectors and many immigrants have low inter-sectoral mobility. We consider these observed characteristics of immigrant employment for the question of how immigration affects a nation's pattern of production and trade. We model an economy producing three goods, one is non-traded. Domestic labor and capital are domestically mobile but internationally immobile. Some immigrant labor is specific to the non-traded sector. Our model indicates that the output and trade effects of immigration depend importantly on the sector and nature of immigrant employment. Empirical investigation of the model's predictions indicates that trade and immigration are complements. JEL classification: C23, D5, F16, F22, J61, O15 Keywords: trade, immigration, non-traded goods, specific factors, panel.
    • Does Timing of R&D Collaborations Explain the Heterogeneity of their Outcomes?

      Leten, Bart; Vanhaverbeke, Wim; Belderbos, Rene; Du, Jingshu
    • Drivers of cost system development in hospitals: results of a survey

      Cardinaels, Eddy; Roodhooft, Filip; Van Herck, Gustaaf (Vlerick Business School, 2004)
      While many hospitals are under pressure to become more cost efficient, new costing systems such as Activity-based costing (ABC) may form a solution. However, the factors that may facilitate (or inhibit) cost system changes towards ABC have not yet been disentangled in a specific hospital context. Via a survey study of hospitals, we discovered that cost system development in hospitals could largely be explained by hospital specific factors. Issues such as the support of the medical parties towards cost system use, the awareness of problems with the existing legal cost system, the way hospitals and physicians arrange reimbursements, should be considered if hospitals refine their cost system. Conversely, ABC-adoption issues that were found to be crucial in other industries are less important. Apparently, installing a cost system requires a different approach in hospital settings. Especially, results suggest that hospital management should not underestimate the interest of the physician in the process of redesigning cost systems. Keywords: Activity Based Costing, Organizational Change, Cost Control, Hospital context
    • DSO-TSO cooperation issues & solutions for distribution grid congestion management

      Hadush, Samson; Meeus, Leonardo (20172017)
      The role of DSOs is evolving due to the increasing penetration of intermittent and distributed energy resources in the distribution system. On the one hand, TSOs are accessing flexibility resources connected to the distribution grid. On the other hand, DSOs are actively managing distribution grid congestion, moving away from the conventional fit and forget approach. As a result, the need for DSO-TSO cooperation has become increasingly important. In this study, we first discuss market and grid operation issues related to different system states and the corresponding congestion management approaches. Second, we discuss possible solutions that are inspired by inter-TSO cooperation solutions as well as solutions that are being adopted by DSOs. Our findings show that the issues are rather similar both at transmission and distribution level; however, the need for cooperation and the solutions will depend on where structural congestion will occur and which borders will be managed.
    • Dual sourcing and smoothing under non-stationary demand time series: Re-shoring with speedfactories

      Boute, Robert; Disney, Stephen M.; Van Mieghem, Jan A. (20192019)
      We investigate the emerging trend of near-shoring a small part of the global production to local SpeedFactories. The short lead time of the responsive SpeedFactory reduces the risk of making large volumes in advance, yet it does not involve a complete re-shoring of demand. Using a break-even analysis we investigate the lead time, demand, and cost characteristics that make dual sourcing with a SpeedFactory desirable compared to complete off-shoring. We propose order rules that extend the celebrated inventory optimal order-up-to replenishment policy to settings where capacity costs exist and demonstrate their excellent performance. We highlight the significant impact of autocorrelated and non-stationary demand series, which are prevalent in practice yet challenging to analyze, on the economic benefit of re-shoring. Methodologically, we adopt Z-transforms and present exact analyses of several discrete-time linear production-inventory models.
    • Earnings Management and Debt

      Sercu, Piet; Vander Bauwhede, Heidi; Willekens, Marleen (KU Leuven, Dep. of Applied Economics, 2006)
    • Effects of top team conflict on new venture innovation

      Collewaert, Veroniek; Sapienza, Harry J. (2011)
    • Empirisch onderzoek naar underpricing van beursintroducties op de Beurs van Brussel

      Rogiers, Bart; Manigart, Sophie; Ooghe, Hubert (UGent, Fac. Economie & Bedrijfskunde, 1993)
    • Employee lay-off under different modes of restructuring

      Coucke, Kristien; Pennings, Enrico; Sleuwaegen, Leo (Vlerick Business School, 2005)