, 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 …

firm's workforce on its capital structure. For instance, high leverage often makes managing labor more difficult by … undermining employees' job security and increasing the need for costly workforce reductions. But firms can also use leverage to … needs and management of their workforce when making financing decisions …

Worker mobility across firms can enhance innovation by spreading knowledge, but such mobility may also hinder … innovation by making firms reluctant to invest in R&D. A common way that firms limit workers' mobility is with noncompete … agreements (NCAs). We examine how the legal enforceability of NCAs affects innovation, as measured by patenting, using data on …

We study the relationship between market structure and innovation in the global automobile industry from 1982 to 2004 … using the dynamic industry framework of Ericson and Pakes (1995). Firms optimally choose a continuous level of innovation in … parameter -- the cost of innovation. In terms of the relationship between market structure and innovation, we find that: (1) At …

This paper examines the relation between ownership, corporate form, and innovation for a cross-section of private and …: while most innovating firms in the US are publicly traded conglomerates, a substantial fraction of innovation is … countries, where business groups tend to be concentrated in industries with a slower and more fundamental innovation cycle and …