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Full-Text Articles in Business
Does Employee Ownership Increase Innovation?, Robert Garrett
Does Employee Ownership Increase Innovation?, Robert Garrett
New England Journal of Entrepreneurship
One way that firms attempt to innovate is through investment in R&D activity. However, there is much heterogeneity in innovations among firms making comparable R&D investments. This article explores employee ownership’s moderating effect on the relationship between R&D intensity and innovative output. The basis for the moderation is that ownership increases motivation and commitment to the innovation agenda of the company, and retains employees’ entrepreneurial efforts for internal opportunities. Using hierarchical regression, the data support the hypothesis that employee stock ownership positively moderates the relationship between R&D intensity and innovative output. Implications for future research and practice are addressed.
Awakening The Entrepreneurial Spirit: Exploring The Relationship Between Organizational Factors And Perceptions Of Entrepreneurial Self-Efficacy And Desirability In A Corporate Setting, Deborah V. Brazeal, Mark T. Schenkel, Jay A. Azriel
Awakening The Entrepreneurial Spirit: Exploring The Relationship Between Organizational Factors And Perceptions Of Entrepreneurial Self-Efficacy And Desirability In A Corporate Setting, Deborah V. Brazeal, Mark T. Schenkel, Jay A. Azriel
New England Journal of Entrepreneurship
While efforts at understanding how the entrepreneurial spirit is awakened (e.g., unwrapping the cognitive “black box”) have been productive in the new venture context, it remains largely unexplored in a corporate setting.This study extends previous research by investigating the relationship between organizational antecedents and perceptions of entrepreneurial self-efficacy and desirability of entrepreneurial activity. In a field study of organizations consistent with a corporate entrepreneurial archetype typology, we found that (1) individual work discretion and time availability impacted entrepreneurial self-efficacy, and (2) individual interest in work innovation influenced perceived desirability of innovative behaviors.