The effects of compensation plans for employee inventions on R&amp;D productivity: New evidence from Japanese panel data

Onishi, K.

doi:10.1016/j.respol.2012.09.001

Cited by 29 publications

(17 citation statements)

References 13 publications

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“…In addition, using data from more than 1,700 scientists and engineers, Sauermann and Cohen (2010) found that motives regarding intellectual challenge, independence, and money had a strong positive relationship with innovative output, whereas motives regarding job security and responsibility tended to have a negative relationship. As mentioned in Section 1, Onishi (2013) concluded that although monetary compensation leads to an increase in the number of patent citations, it does not contribute to an increase in the number of patents.…”

Section: Relationship Between Rewards and Creativitymentioning

confidence: 97%

“…Do these extrinsic reward systems have the desired effect on R&D employees? Studies that addressed this issue include Haftel and Martin (1993), Aghion et al (2005), Lerner and Wulf (2007), and Onishi (2013). These studies examined corporate R&D activities and whether the introduction of an extrinsic reward system for R&D employees led to an improvement in R&D performance at the company level.…”

Section: Introductionmentioning

confidence: 99%

“…Haftel and Martin () and Lerner and Wulf () indicated that the number of patents tends to increase at companies that have introduced monetary compensation. Onishi () examined the effects of monetary compensation on the number of patent applications and patent citations and concluded that while compensation leads to an increase in the number of patent citations, it does not result in an increase in the number of patent applications.…”

Section: Introductionmentioning

confidence: 99%

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Does an extrinsic reward for R&D employees enhance innovation outcomes? Evidence from a Japanese innovation survey

Kanama

Nishikawa

2015

R & D Management

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This paper examines the effects of extrinsic rewards for R&D employees on innovation outcomes based on evidence from a Japanese innovation survey. Theoretical and empirical studies present conflicting findings regarding the relationship between extrinsic rewards and innovation outcomes. This article seeks to shed light on the relationship between rewards and outcomes, as represented by the development of new products and services and their technological superiority and profitability. The analysis produced the following findings. First, companies that have introduced an evaluation system based on R&D performance are more likely to develop new products and services. The introduction of the evaluation system brings about success in product innovation with greater technological superiority. Second, monetary compensation has a negative impact on the development of new products and services and technological superiority. Third, these effects vary with the company size. Smalland medium-sized companies achieve higher technological superiority with performancebased evaluations. Large companies tend to adversely impact the development of new products and services and their technological superiority with monetary compensation.

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Section: Relationship Between Rewards and Creativitymentioning

confidence: 97%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Does an extrinsic reward for R&D employees enhance innovation outcomes? Evidence from a Japanese innovation survey

Kanama

Nishikawa

2015

R & D Management

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“…Hasan & Tucci, 2010;Siddiqui & Ahmed, 2013;Su & Moaniba, 2017b) and sectoral-level analysis (e.g. Bertoni, Colombo, & Grilli, 2011;Colombo, Croce, & Guerini, 2013;Dosi et al, 2015;Onishi, 2013). The advantage of the ADL model is its abilities to correct problems related to autocorrelation and heteroskedasticity, and control for the unobserved heterogeneity and endogeneity of all the main regressors through two-step system GMM estimation (Blundell & Bond, 1998;Roodman, 2009).…”

Section: Dynamic Gmm Approach Using Lags As Instrumentsmentioning

confidence: 99%

Does Reverse Causality Explains the Relationship Between Economic Performance and Technological Diversity?

Moaniba

Lee

2018

Technological and Economic Development of Economy

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Abstract. Previous studies have highlighted technological innovation as a key instrument for economic development. However, although the relationship between innovation and economic growth has been extensively explored, few studies have investigated the impacts of crucial dimensions of innovation on economic growth. This paper presents one of the first empirical attempts to analyze how the "diversity" aspect of technological progress (or innovation) influences economic performance by considering the possible bidirectional causal effects between these two factors. A series of econometric techniques, including a two-stage-least-squares instrumental variable and dynamic autoregressive distributed lag model, are applied on a dataset of 55 countries. The dataset includes patent data from the United States Patent and Trademark Office and combined macroeconomic data from the World Bank's development indicators and International Monetary Fund's economic outlook databases. The results show that generally, technological diversity does not directly affect economic growth. By contrast, a negative effect of diversity on GDP per capita is observed in nonhigh-income countries. This study contributes to the macroeconomics and innovation management literature by providing an integrated empirical application of various popular firm management theories and a well-known endogenous economic growth theory.

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“…Two distinctive trends are apparent. First, articles used Japanese firms to investigate other issues, and thus combined assessment of culture with other categories, including Corporate Strategy and HRM (Engelen et al 2012;Nemoto 2013;Onishi 2013;Vecchi and Brennan 2011;Yagi and Kleinberg 2011). Second, research illustrated the changing aspects of Japanese corporate culture (Okabe 2012;Saito 2011).…”

Section: Organizational Culture 2011-2013mentioning

confidence: 99%

Does Japan Still Matter? Past Tendencies and Future Opportunities in the Study of Japanese Firms

Endo

Delbridge

Morris

2014

Int J Management Reviews

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This paper engages with the question ‘does Japan still matter’ by systematically reviewing publication patterns in peer‐reviewed academic journal articles addressing Japanese firms and their management practices, illustrating the academic discourse surrounding Japanese firms over four decades, and by identifying future research opportunities. Initially, particularly from the 1980s when Japanese firms came to prominence, these practices tended to be identified as ‘best practice’. However, at least in part due to socio‐economic changes, this tendency has become less prominent since the ‘bubble economy’ burst. Instead, three broader developments are observed: the examination of the continuity and change in the traditional Japanese model, a more complex approach that involves multiple themes of research, and leveraging new contexts to examine Japanese firms, including the long‐term recession, the rise of the East Asian economy, and the increasing importance of corporate social responsibility.

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The effects of compensation plans for employee inventions on R&D productivity: New evidence from Japanese panel data

Cited by 29 publications

References 13 publications

Does an extrinsic reward for R&D employees enhance innovation outcomes? Evidence from a Japanese innovation survey

Does an extrinsic reward for R&D employees enhance innovation outcomes? Evidence from a Japanese innovation survey

Does Reverse Causality Explains the Relationship Between Economic Performance and Technological Diversity?

Does Japan Still Matter? Past Tendencies and Future Opportunities in the Study of Japanese Firms

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