Analysis reports higher innovation levels in firms with employee ownership, suggesting cultural factors enhance efficiency.
Employee ownership (EO) is often linked to stronger worker outcomes, yet its implications for firm innovation remain contested. Using a 2010–2020 panel of publicly traded U.S. firms, we examine whether EO is associated with higher patenting and citation‐weighted innovation, and whether EO strengthens the conversion of R&D investment into innovative output. Fixed‐effects models, interaction tests, and event‐time analyses show that EO firms exhibit higher baseline innovation and greater R&D innovation efficiency, with stronger associations when ownership‐supportive work practices are present.
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Jeremy Bennett (2026) studied this question.
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