Chen, Jie  ORCID: https://orcid.org/0000-0002-4076-7121, Leung, Woon Sau ORCID: https://orcid.org/0000-0002-0389-2126 and Evans, Kevin P. ORCID: https://orcid.org/0000-0001-8854-2629
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: | Schools > Business (Including Economics) |
| Subjects: | H Social Sciences > HG Finance |
| Uncontrolled Keywords: | Employee-friendly workplace, Employee relations, Employee satisfaction, Innovation |
| Additional Information: | Released with a Creative Commons Attribution Non-Commercial No Derivatives License (CC BY-NC-ND) |
| Publisher: | Elsevier |
| ISSN: | 0929-1199 |
| Date of First Compliant Deposit: | 22 July 2016 |
| Date of Acceptance: | 22 July 2016 |
| Last Modified: | 08 Jul 2025 10:15 |
| URI: | https://orca.cardiff.ac.uk/id/eprint/93187 |
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