effect on innovation. We develop a simple "trapped factor" model of innovation that is consistent with these empirical …

We find that institutional ownership in publicly traded companies is associated with more innovation (measured by cite …, policy changes and disaggregating by type of owner we find that the effect of institutions on innovation does not appear to …

, and stock options - to the culture for innovation and employees' ability and willingness to engage in innovative activity … that both shared capitalism compensation and high performance work policies contribute to these innovation outcomes. Owning … company stock is the most consistently positive compensation variable in predicting both an innovation culture and willingness …