@article{c4922b7c4de84e54950b4f99c629b965,
title = "The effects of compensation plans for employee inventions on R&D productivity: New evidence from Japanese panel data",
abstract = "This article reports the first results on how monetary compensation plans for employee inventions affect R&D productivity, based on the notable panel data of Japanese firms. The study finds that the introduction of revenue-based compensation plans that are linked to patent performance lead to an increase in the number of high cited patents, while this never leads to an increase in the number of patent applications. Furthermore, this is strongly effective in smaller firms. These results indicate that the monetary incentives based on patent performance are effective on enhancing the motivation of employee inventors.",
keywords = "Employee invention, Monetary incentive, Patent productivity, R&D",
author = "Koichiro Onishi",
note = "Funding Information: I am grateful for the helpful comments from three anonymous referees. This article is based on the third chapter of my Ph.D. dissertation. I would like to thank my Ph.D. committee members Reiko Aoki, Sadao Nagaoka, Hiroyuki Odagiri, Hiroyuki Okamuro, and Yosuke Okada for their various suggestions. I would also like to thank the participants of the Industry and Labor Workshop held at Hitotsubashi University, especially Hiroyuki Chuma and Yoshiaki Ogura, for offering their very helpful comments. In addition, I would like to thank Akiya Nagata and Hideo Owan for providing their useful comments. I thank Yoshikuni Sato for commenting on an earlier draft of this article. This work was supported by KAKENHI (19730192). Any potential errors in this article are solely the responsibility of the author. ",
year = "2013",
month = mar,
doi = "10.1016/j.respol.2012.09.001",
language = "English",
volume = "42",
pages = "367--378",
journal = "Research Policy",
issn = "0048-7333",
publisher = "Elsevier",
number = "2",
}