Employee incentives and energy firms’ innovation: Evidence from China

This study investigates the effects of non-executive employee stock ownership plans (ESOPs) on energy firms’ innovation. Based on 248 Chinese energy companies covered by the State Intellectual Property Office (SIPO) database from 2006 to 2018, we document that non-executive ESOPs have a significantl...

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Veröffentlicht in:	Energy (Oxford) 2020-12, Vol.212, p.118673, Article 118673
Hauptverfasser:	Si, Deng-Kui, Wang, Yanan, Kong, Dongmin
Format:	Artikel
Sprache:	eng
Schlagworte:	China Employee incentives Employee stock ownership plans Energy Energy company Energy industry ESOP Generalized method of moments Incentives Innovations Intellectual property Method of moments Patent applications Regulators Risk taking Technological change Technological innovation
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