Non-executive employee stock options and corporate innovation

• Main Authors: Chang, Xin, Fu, Kangkang, Low, Angie, Zhang, Wenrui
• Other Authors: Nanyang Business School
• Format: Article
• Language: English
• Published: 2015
• Subjects: DRNTU::Business::Finance
• Online Access: https://hdl.handle.net/10356/106701; http://hdl.handle.net/10220/25040
• Institution: Nanyang Technological University

We provide empirical evidence on the positive effect of non-executive employee stock options on corporate innovation. The positive effect is more pronounced when employees are more important for innovation, when free-riding among employees is weaker, when options are granted broadly to most employee...