員工參股與公司創新相關因素研究

Employee Ownership as a Determinant of Innovation

魏丹寧(Weltmann, Dan)

指導教授 ： 袁建中 ； 姜真秀

國立交通大學/管理學院/科技管理研究所/碩士(2010年)

https://doi.org/10.6842/NCTU.2010.00155

摘要

Historically, employee ownership has been a way to motivate and reward employees by giving them a share and a stake in the product of their work. There are many beneficial aspects to it for the firm, such as increased productivity, loyalty, and lower employee turnover. One potential benefit that has not been studied is innovation: are employee owners more productive in that area as well?
Also, despite a large amount of inquiry into the causes of innovation, employee ownership as such has never been considered, hence the need for this study.
This research aims to look at employee ownership as a determinant of innovation, as well as how long it takes for employee ownership to result in innovation, and how the effect and the time lag vary by industry.
A panel data regression model was built with employee ownership as a determinant of innovation, with innovation measured by patents and the value of intangible assets.
The results were did not show that employee ownership is a determinant of innovation; they were mainly negative or insignificant. Also, the limited data only allowed for the chemical industry to be analyzed, resulting in mainly negative results. Time lags could not be measured.

關鍵字

員工參股 ； 創新 ； 專利 ； 無形資產的價值

並列摘要

Historically, employee ownership has been a way to motivate and reward employees by giving them a share and a stake in the product of their work. There are many beneficial aspects to it for the firm, such as increased productivity, loyalty, and lower employee turnover. One potential benefit that has not been studied is innovation: are employee owners more productive in that area as well?
Also, despite a large amount of inquiry into the causes of innovation, employee ownership as such has never been considered, hence the need for this study.
This research aims to look at employee ownership as a determinant of innovation, as well as how long it takes for employee ownership to result in innovation, and how the effect and the time lag vary by industry.
A panel data regression model was built with employee ownership as a determinant of innovation, with innovation measured by patents and the value of intangible assets.
The results were did not show that employee ownership is a determinant of innovation; they were mainly negative or insignificant. Also, the limited data only allowed for the chemical industry to be analyzed, resulting in mainly negative results. Time lags could not be measured.

並列關鍵字

employee ownership ； innovation ； patents ； value of intangible assets

參考文獻

Schumpeter, J. A. (1950). Capitalism, socialism, and democracy. New York,, Harper.

Balking, D. B., G. D. Markman, et al. (2000). "Is CEO Pay in High-Technology Firms Related to Innovation?" The Academy of Management Journal 43(6): 1118-1129.

Bhattacharya, M. and H. Bloch (2004). "Determinants of Innovation." Small Business Economics 22: 155-162.

Blasi, J. R. (1988). Employee ownership : revolution or ripoff? Cambridge, Mass., Ballinger Pub. Co.

Blasi, J. R., R. B. Freeman, et al. (2010). Shared capitalism at work : employee ownership, profit and gain sharing, and broad-based stock options. Chicago ; London, The University of Chicago Press.