We extend theory on private-collective innovation by studying the role of exclusion rights for technology in the competition between private-collective and other innovators. We argue that private-collective innovators both pledge their own and invest in orphan exclusion rights for technology as...

Group decision-making in organizations often occurs in the context of influence relationships. We develop a theory anchored in a computational model to analyze the conditions under which social influence structures aid or hurt information aggregation. We find that a group is most likely to...

On the basis of accounting and market data for firms and groups listed on German stock exchanges between 1997 and 2003, we show that the value relevance of Ramp;D information under German accounting standards can be superior to that provided by US-GAAP and IAS. The results, obtained while...

For the first time, we use primary data of German firms to investigate the usefulness of patent data as a source of investor information on the value of a company's intangibles depending on the market cycle (bull/bear market). At first, our results confirm those of earlier US studies in that...

In contrast to prior studies, which have generally argued that the failure of innovations to diffuse within an organization stems from informational or motivational difficulties, we propose that the failure to adopt an innovation can also arise from a form of organizational provincialism....

We formalize firms’ research and development (R&D) diversification decisions during the pre-market phase of an emerging standards setting. Capturing transaction costs, resource-based considerations, and network effects in a two-player model, in which both agents are fully diversifiable and...