Most analyses of the relationship between the internal distribution of formal organizational power, generally manifested in ownership and governance rights, and innovation efforts apply a principal-agent framework. The key implication of this framework is that firms with distributed formal power...

The efficient exchange of information among inventors is a central driver of knowledge recombination and, ultimately, of innovation performance. Consistent with this notion, the literature has suggested that trade secrecy protection, by creating a barrier to such exchange, has a negative impact...