Who Has a Better Idea? Innovation, Shared Capitalism, and HR Policies

摘要: We investigate the relationship of "shared capitalist" compensation systems - profit/gainsharing, employee ownership, and stock options to culture for innovation employees' ability willingness engage in innovative activity. Using a large dataset with over 25,000 surveys 200 worksites multinational organization, we find that both shared capitalism high performance work policies contribute these outcomes. Owning company is most consistently positive variable predicting an also have stronger effects when they are combined, partially, but not wholly, mediated through greater alignment strategy. The findings consistent agency theories principal agent problem can be addressed by combination incentives cooperative which encourages mutual monitoring opportunities share information.