Evaluating the Lagged Effects of Direct Employee Equity Incentives on Organizational Innovation

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Title:	Evaluating the Lagged Effects of Direct Employee Equity Incentives on Organizational Innovation
Authors:	Mei-Ling Wang
Keywords:	direct employee equity incentive;innovation;patent;lagged effect;high-tech firms
Date:	2016-01
Issue Date:	2017-02-24 02:10:35 (UTC+8)
Publisher:	A S T M International
Abstract:	This study evaluated the lagged effects of direct employee equity incentives on organizational innovation. Based on a sample consisting of 366 publicly listed high-tech firms in Taiwan, we tested the lagged effects in pooled-time-series data during the time period of 1995–2004. The fixed-effects models showed that direct employee equity incentive schemes indeed enhanced innovation as measured by the number of patents, and the positive effects lasted for 4 years. The results imply that direct employee equity schemes have lagged effects on organizational innovation.
Relation:	Journal of Testing and Evaluation 44(1), p.206-212
DOI:	10.1520/JTE20140266
Appears in Collections:	[Graduate Institute & Department of Business Administration] Journal Article

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