Inter-firm Trust and Schumpeterian Innovations

A. Lyasko

Voprosy Ekonomiki, 2003, issue 11

Abstract: This paper focuses on discussing the role of trust in strategic alliances aimed at creating new knowledge and developing novel products in the rapidly changing technological setting. Trust is regarded as a salient factor in forming collaborative relationships among direct or indirect competitors for high technology markets. Trusting attitudes also foster organizational learning and unhampered knowledge exchange within an alliance structure. Finally, trust plays a considerable role in distributing and enforcing property rights for the objects of innovation when their valuable features cannot be meaningfully predicted or fully defined due to the rapidly changing environment as well as incomplete firms' knowledge caused by radical shifts of technology.

Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:nos:voprec:y:2003:id:2103

DOI: 10.32609/0042-8736-2003-11-27-40

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