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Technological Innovation Audit: an Effective Way to Manage Information Asymmetry in Technological Innovation

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  • Yiyang Fan
  • Jianming Hou

Abstract

The paper analyzes the role of different stakeholders and their principal-agent relationship in technological innovation management system. It also examines the information asymmetry that faces the stakeholders in the system and the adverse consequences generated by the particular circumstance. Technological innovation audit can serve as a solution to the information asymmetry in technological innovation management, the importance of which is discussed from the perspectives of different stakeholders in the paper.

Suggested Citation

  • Yiyang Fan & Jianming Hou, 2012. "Technological Innovation Audit: an Effective Way to Manage Information Asymmetry in Technological Innovation," Business and Management Research, Business and Management Research, Sciedu Press, vol. 1(1), pages 147-151, March.
    • Handle: RePEc:jfr:bmr111:v:1:y:2012:i:1:p:147-151
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    References listed on IDEAS

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    1. Yam, Richard C. M. & Guan, Jian Cheng & Pun, Kit Fai & Tang, Esther P. Y., 2004. "An audit of technological innovation capabilities in chinese firms: some empirical findings in Beijing, China," Research Policy, Elsevier, vol. 33(8), pages 1123-1140, October.
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    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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