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September 10, 2025European Financial ManagementOpen Access

Should Firms Avoid Relying on Key Employees? Evidence From Inventors

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Authors

WJWang Jin

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Overview

Analysis reveals that higher inventor concentration boosts innovation in firms, indicating significant employee retention roles.

Key Points

  • Higher inventor concentration enhances corporate innovation productivity over time, supporting the employee retention hypothesis.
  • The retention of individual inventors and teams improves with concentration, emphasizing a strategy for more effective innovation.
  • Firms focusing on concentrated inventor bases often prioritize exploitation over exploration in their innovation efforts.
  • Factors like technology lifecycle and conglomerate status moderate the effects of inventor concentration on productivity.

Cite This Study

Wang Jin (2025) studied this question.

synapsesocial.com/papers/68c1dda254b1d3bfb60fc5e8https://doi.org/10.1111/eufm.70014
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