Management of Knowledge Workers

Hans Hvide and Eirik Kristiansen

No 2006/7, Discussion Papers from Norwegian School of Economics, Department of Business and Management Science

Abstract: We study how complementarities and intellectual property rights affect the management of knowledge workers. The main results relay when a firm will wish to sue workers that leave with innovative ideas, and the effects of complementary assets on wages and on worker initiative. We argue that firms strongly protected by property rights may not sue leaving workers in order to motivate effort, while firms weakly protected by complementary assets must sue in order to obtain positive profits. Firms with more complementary assets pay higher wages (and have lower turnover), but such higher pay has a detrimental effect on worker initiative. Our analysis suggests that strengthened property rights protection reduces turnover costs but weakens worker initiative.

Keywords: Entrepreneurship; Innovation; IPP; Litigation; Personnel economics; R&D; Start-ups (search for similar items in EconPapers)
JEL-codes: K41 M13 M50 O32 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2006-08-04
New Economics Papers: this item is included in nep-bec, nep-ent, nep-hrm, nep-ino, nep-lab and nep-law
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Related works:
Journal Article: Management of Knowledge Workers (2012)
Working Paper: Management of Knowledge Workers (2012)
Working Paper: Management of Knowledge Workers (2007)
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