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Are employee-friendly workplaces conducive to innovation?

Chen, Jie, Leung, Woon Sau and Evans, Kevin 2016. Are employee-friendly workplaces conducive to innovation? Journal of Corporate Finance 40 , pp. 61-79. 10.1016/j.jcorpfin.2016.07.011

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Abstract

We find strong evidence that firms with employee-friendly workplaces achieve greater innovative success, particularly in industries where innovation is more difficult to achieve. Furthermore, employee-friendly firms were also more inclined to sustain R&D investment during the recent crisis. These findings are consistent with the view that an employee-friendly workplace helps to develop tolerance for failure, which encourages engagement in innovation. We find no support for alternative explanations, such as employee-friendly workplaces helping to attract and retain talented employees and reducing career concerns of executives, which could nurture innovation.

Item Type: Article
Date Type: Publication
Status: Published
Schools: Business (Including Economics)
Subjects: H Social Sciences > HG Finance
Uncontrolled Keywords: Employee-friendly workplace, Employee relations, Employee satisfaction, Innovation
Publisher: Elsevier
ISSN: 0929-1199
Date of First Compliant Deposit: 22 July 2016
Date of Acceptance: 22 July 2016
Last Modified: 24 Jul 2019 21:04
URI: http://orca.cf.ac.uk/id/eprint/93187

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