Non-executive employee stock options and corporate innovation

• Main Authors: Chang, Xin, Fu, Kangkang, Low, Angie, Zhang, Wenrui
• 其他作者: Nanyang Business School
• 格式: Article
• 語言: English
• 出版: 2015
• 主題: DRNTU::Business::Finance
• 在線閱讀: https://hdl.handle.net/10356/106701; http://hdl.handle.net/10220/25040
• 機構: 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...