Money secrets: How does trade secret legal protection affect firm market value? Evidence from the uniform trade secret act
نویسندگان
چکیده
منابع مشابه
Law and Innovation: Evidence from the Uniform Trade Secrets Act
Most research and policy on protecting innovation focus on patents. Yet, almost all technology managers report secrecy to be more important than patents. Here, I show theoretically that stronger secrecy laws could increase or reduce R&D. By reducing spillovers, secrecy laws might reduce or raise the return to R&D, depending on whether spillover and own R&D are complements or substitutes. By str...
متن کاملTrade secret laws , labor mobility , and innovations ∗
We show that when the researcher’s (observable but not contractible) contribution to innovation is crucial, a covenant not to compete (CNC) reduces effort and profits under both spot and relational contracts. Having no CNC allows the researcher to leave for a rival. This alleviates a commitment problem by forcing the firm to reward a successful researcher. However, if the firm’s R&D investment ...
متن کاملDoes Corporate Governance Affect Firm Value? Evidence from Korea
† Earlier versions of this paper were presented at the Second Asian Conference on Corporate Governance (2002), 8th Mitsui Life Symposium on Global Financial Markets (2002), International Monetary Fund (2003), KAEA (Korea America Economic Association) annual meeting (2003), Korea Fair Trade Commission (2002), Korea Association of Industrial Organization (2002), KDI School of Public Policy and Ma...
متن کاملa comparison between patent and trade secret regimes in protection of industrial property rights
in the past and before granting the inventors and owners of intellectual property rights special exclusive rights and privileges under the patent laws, the protection of intellectual property rights was possible only through a legal regime which could help to keep the know how and innovation secret. this regime, in which contractual terms are often used to keep the innovation secret, is called ...
متن کاملHow much do immigration and trade affect labor market outcomes?
"This paper provides new estimates of the impact of immigration and trade on the U.S. labor market.... We examine the relation between economic outcomes for native workers and immigrant flows to regional labor markets.... We...use the factor proportions approach to examine the contributions of immigration and trade to recent changes in U.S. educational wage differentials and attempt to provide...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Strategic Management Journal
سال: 2016
ISSN: 0143-2095
DOI: 10.1002/smj.2533