English, Article, Journal or magazine article edition: R&D Investments, Information and Strategy Davis, Lee

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Physical Description
  • preprint
Language
  • English

Edition details

Title
  • R&​D Investments, Information and Strategy
Author
  • Davis, Lee
Physical Description
  • preprint
Notes
  • This paper argues that firms can best realize the value of their investments in R&​D by exploiting the associated information asymmetries. Attention is directed away from the physical results of R&​D and towards the firm’s ability, more generally, to earn rents from the private information emanating from its R&​D. Four strategies may be used to exploit the information asymmetries from R&​D: (1) publish the details of the innovation in return for legal protection; (2) keep the information inside the firm; (3) make the information selectively, informally available to others; and (4) disseminate the information as widely and rapidly as possible. To implement these strategies, resources may be allocated both to the commercial development of new technologies, and/​or to related market opportunities (investing in other companies, assets and technologies). This perspective should yield new insights to managers in designing strategies (and counter-strategies) to position themselves not only at the technological edge, but more fundamentally, at the ‘information edge’.
  • R&​D investments; information; strategy; asymmetric information; international R&​D management
  • RePEc:hhb:cbsint:1999-010
Language
  • English
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