Disclosure of R&D Knowledge with Cross-Ownership in a Mixed Duopoly

Zhang Ting, Qi Zhaoxin and Li Dongdong ()
Additional contact information
Zhang Ting: 26487 Northwestern Polytechnical University , Xi’an, China
Qi Zhaoxin: 26487 Northwestern Polytechnical University , Xi’an, China
Li Dongdong: 26487 Northwestern Polytechnical University , Xi’an, China

The B.E. Journal of Economic Analysis & Policy, 2025, vol. 25, issue 4, 849-898

Abstract: This paper investigates the disclosure of R&D knowledge with cross-ownership in a mixed duopoly, where a semi-public ownership firm competes with a private firm. The results show that regardless of the degree of cross-ownership, both semi-public and private firms fully disclose their information. Furthermore, we find that privatization maintains the same disclosure level but reduces social welfare. Finally, we extend the model to unilateral ownership, the presence of foreign-owned firms and strategic R&D investment. We find that under unilateral shareholding, when the semi-public firm holds shares of the private firm, the semi-public firm fully discloses its R&D knowledge, while the private firm does not disclose its R&D knowledge. However, when the private firm holds shares of the semi-public firm, both semi-public and private firms fully disclose their information. The previous result still holds if the private firm is foreign-owned and strategic R&D investment is incorporated.

Keywords: R&D knowledge disclosure; cross-ownership; mixed duopoly (search for similar items in EconPapers)
JEL-codes: L13 L32 O30 (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1515/bejeap-2024-0215 (text/html)
For access to full text, subscription to the journal or payment for the individual article is required.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bpj:bejeap:v:25:y:2025:i:4:p:849-898:n:1002

Ordering information: This journal article can be ordered from
https://www.degruyte ... rnal/key/bejeap/html

DOI: 10.1515/bejeap-2024-0215

Access Statistics for this article

The B.E. Journal of Economic Analysis & Policy is currently edited by Hendrik Jürges and Sandra Ludwig

More articles in The B.E. Journal of Economic Analysis & Policy from De Gruyter
Bibliographic data for series maintained by Peter Golla ().