The Incentive Mechanism of Knowledge Sharing in Cross-Border Business Models Based on Digital Technologies

This paper aims to solve the time-constrained problems of knowledge sharing caused by geographical distance and cultural differences in cross-border business models by proposing a novel knowledge sharing model based on principal–agent theory. Given that digital technologies (DTs) can solve the infor...

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Autores principales:	Yan Wang, Lifan Yang, Enzo Russo, Domenico Graziano
Formato:	article
Lenguaje:	EN
Publicado:	MDPI AG 2021
Materias:	knowledge sharing cross-border business models digital technologies principal–agent theory Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350
Acceso en línea:	https://doaj.org/article/3f97ef4933b343f680799c77e369dc37
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spelling	oai:doaj.org-article:3f97ef4933b343f680799c77e369dc372021-11-25T19:04:53ZThe Incentive Mechanism of Knowledge Sharing in Cross-Border Business Models Based on Digital Technologies10.3390/su1322128212071-1050https://doaj.org/article/3f97ef4933b343f680799c77e369dc372021-11-01T00:00:00Zhttps://www.mdpi.com/2071-1050/13/22/12821https://doaj.org/toc/2071-1050This paper aims to solve the time-constrained problems of knowledge sharing caused by geographical distance and cultural differences in cross-border business models by proposing a novel knowledge sharing model based on principal–agent theory. Given that digital technologies (DTs) can solve the information asymmetry issue, this paper analyses and compares the contract parameters given by the principal, the efforts of the agent, and the changes in the expected profits of both parties before and after the application of DTs and therefore discusses the influence of various relevant factors in incentive contracts; the relationship between the expected profit of both parties and the various relevant factors is analyzed through numerical simulations. The results show that, in cross-border business models considering the time value of knowledge, the principal is affected not only by “information rent” and “channel loss” but also by the “time cost”. The application of DTs can effectively reduce all three of these costs. More importantly, the principal’s incentive coefficient and the agent’s effort are related to this time constraint and the application of DTs.Yan WangLifan YangEnzo RussoDomenico GrazianoMDPI AGarticleknowledge sharingcross-border business modelsdigital technologiesprincipal–agent theoryEnvironmental effects of industries and plantsTD194-195Renewable energy sourcesTJ807-830Environmental sciencesGE1-350ENSustainability, Vol 13, Iss 12821, p 12821 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	knowledge sharing cross-border business models digital technologies principal–agent theory Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350
spellingShingle	knowledge sharing cross-border business models digital technologies principal–agent theory Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350 Yan Wang Lifan Yang Enzo Russo Domenico Graziano The Incentive Mechanism of Knowledge Sharing in Cross-Border Business Models Based on Digital Technologies
description	This paper aims to solve the time-constrained problems of knowledge sharing caused by geographical distance and cultural differences in cross-border business models by proposing a novel knowledge sharing model based on principal–agent theory. Given that digital technologies (DTs) can solve the information asymmetry issue, this paper analyses and compares the contract parameters given by the principal, the efforts of the agent, and the changes in the expected profits of both parties before and after the application of DTs and therefore discusses the influence of various relevant factors in incentive contracts; the relationship between the expected profit of both parties and the various relevant factors is analyzed through numerical simulations. The results show that, in cross-border business models considering the time value of knowledge, the principal is affected not only by “information rent” and “channel loss” but also by the “time cost”. The application of DTs can effectively reduce all three of these costs. More importantly, the principal’s incentive coefficient and the agent’s effort are related to this time constraint and the application of DTs.
format	article
author	Yan Wang Lifan Yang Enzo Russo Domenico Graziano
author_facet	Yan Wang Lifan Yang Enzo Russo Domenico Graziano
author_sort	Yan Wang
title	The Incentive Mechanism of Knowledge Sharing in Cross-Border Business Models Based on Digital Technologies
title_short	The Incentive Mechanism of Knowledge Sharing in Cross-Border Business Models Based on Digital Technologies
title_full	The Incentive Mechanism of Knowledge Sharing in Cross-Border Business Models Based on Digital Technologies
title_fullStr	The Incentive Mechanism of Knowledge Sharing in Cross-Border Business Models Based on Digital Technologies
title_full_unstemmed	The Incentive Mechanism of Knowledge Sharing in Cross-Border Business Models Based on Digital Technologies
title_sort	incentive mechanism of knowledge sharing in cross-border business models based on digital technologies
publisher	MDPI AG
publishDate	2021
url	https://doaj.org/article/3f97ef4933b343f680799c77e369dc37
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The Incentive Mechanism of Knowledge Sharing in Cross-Border Business Models Based on Digital Technologies

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