English
 
Help Privacy Policy Disclaimer
  Advanced SearchBrowse

Item

ITEM ACTIONSEXPORT
  Incentives and Innovation? R&D Management in Germany’s High-Tech Industries During the Second Industrial Revolution

Burhop, C., & Lübbers, T. (2008). Incentives and Innovation? R&D Management in Germany’s High-Tech Industries During the Second Industrial Revolution.

Item is

Files

show Files

Locators

show
hide
Description:
-

Creators

show
hide
 Creators:
Burhop, Carsten1, Author              
Lübbers, Thorsten1, Author              
Affiliations:
1Max Planck Institute for Research on Collective Goods, Max Planck Society, ou_2173688              

Content

show
hide
Free keywords: -
 Abstract: <p>The allocation of intellectual property rights between firms and employed researchers causes a principal-agent problem between the two parties. We investigate the working contracts of inventors employed by German chemical, pharmaceutical, and electrical engineering firms at the turn of the 20th century and show that some firms were aware of the principal-agent problem and offered performance-related compensation schemes to their scientists. However, neither a higher total compensation nor a higher share of variable compensation in total compensation is correlated with a higher innovative output. Thus, incentives techniques were already used during the early history of industrial research laboratories, but their impact on innovative output was unsystematic.</p>

Details

show
hide
Language(s):
 Dates: 2008
 Publication Status: Published in print
 Pages: -
 Publishing info: Bonn : Max Planck Institute for Research on Collective Goods
 Table of Contents: -
 Rev. Type: -
 Identifiers: Other: 2008/38
 Degree: -

Event

show

Legal Case

show

Project information

show

Source

show