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Employee Ownership and Innovation: The Influence of Shared‐Risk Culture in U.S. Firms

Jeremy Bennett

Industrial Relations: a journal of economy and society2026https://doi.org/10.1111/irel.70029article
AJG 4ABDC A*
Weight
0.50

Abstract

Employee ownership (EO) is often linked to stronger worker outcomes, yet its implications for firm innovation remain contested. Using a 2010–2020 panel of publicly traded U.S. firms, we examine whether EO is associated with higher patenting and citation‐weighted innovation, and whether EO strengthens the conversion of R&D investment into innovative output. Fixed‐effects models, interaction tests, and event‐time analyses show that EO firms exhibit higher baseline innovation and greater R&D innovation efficiency, with stronger associations when ownership‐supportive work practices are present.

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https://doi.org/https://doi.org/10.1111/irel.70029

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@article{jeremy2026,
  title        = {{Employee Ownership and Innovation: The Influence of Shared‐Risk Culture in U.S. Firms}},
  author       = {Jeremy Bennett},
  journal      = {Industrial Relations: a journal of economy and society},
  year         = {2026},
  doi          = {https://doi.org/https://doi.org/10.1111/irel.70029},
}

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Employee Ownership and Innovation: The Influence of Shared‐Risk Culture in U.S. Firms

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Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.