THE EFFECT OF INNOVATION ON INTELLECTUAL CAPITAL: AN EMPIRICAL EVALUATION IN THE BIOTECHNOLOGY AND TELECOMMUNICATIONS INDUSTRIES

Daniel Palacios Marqués (), Fernando José Garrigós Simón () and Carlos Devece Carañana ()
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Daniel Palacios Marqués: Departament of Management, University Jaume I, Campus Riu Sec, 12071 Castellón, Spain
Fernando José Garrigós Simón: Departament of Management, University Jaume I, Campus Riu Sec, 12071 Castellón, Spain
Carlos Devece Carañana: Departament of Management, University Jaume I, Campus Riu Sec, 12071 Castellón, Spain

International Journal of Innovation Management (ijim), 2006, vol. 10, issue 01, 89-112

Abstract: This research studies how innovation competences affect the stock of intangibles and facilitate the development of intellectual capital (IC). We develop a theoretical model with these constructs, in which we distinguish two dimensions within innovation competences — Schumpeterian and continuous improvement competences; and three dimensions for IC — human capital, structural capital and relational capital. Theoretical relations are tested in an empirical study carried out in 222 Spanish firms from the Biotechnology and Telecommunications industries. We prove that innovation competences positively affect the stock of intangibles and facilitate the development of relational capital, structural capital and human capital.

Keywords: Innovation distinctive competences; intellectual capital; intangible assets; structural equations; knowledge intensive industries (search for similar items in EconPapers)
Date: 2006
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DOI: 10.1142/S1363919606001417

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