Informal Technology Transfer Between Firms Cooperation Through Information Tra

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Informal Technology Transfer Between Firms Cooperation Through Information Tra
Stephan Schrader
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Employees are less inclined to provide a specific piece of information if doing so is likely to considerably hurt their firm's ability to capture economic rents from the information; they are more willing to provide information if they can expect to receive valuable information in return. Factors like friendship or duration of the relationship with the inquirer appear to be of secondary importance for the decision whether to provide a specific unit of information. (Such factors, however, may be... significant for defining the network of personal contacts within which information is exchanged. ) In addition, the evidence suggests a positive link between informal information trading and a firm's economic performance.
One important limitation of this study must be pointed out. All empirical data are drawn from one industry, the U. S. Specialty steel and mini-mill industry. It remains untested whether the close alignment of managers' and firms' interests that apparently exists in the steel industry also can be found in other industries.


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