EconPapers    
Economics at your fingertips  
 

The Relationship between Human-Capital Variables and Innovative Performance: Evidence from Colombia

Orly Carvache-Franco (), Mauricio Carvache-Franco (), Wilmer Carvache-Franco () and Miguel A. Bustamante-Ubilla ()
Additional contact information
Orly Carvache-Franco: Facultad de Especialidades Empresariales, Universidad Católica de Santiago de Guayaquil, Guayaquil 090615, Ecuador
Mauricio Carvache-Franco: Facultad de Turismo y Hotelería, Universidad Espíritu Santo, Samborondón 092301, Ecuador
Wilmer Carvache-Franco: Facultad de Ciencias Sociales y Humanísticas, Escuela Superior Politécnica del Litoral (ESPOL), Guayaquil 09015863, Ecuador
Miguel A. Bustamante-Ubilla: Facultad de Economía y Negocios, Universidad de Talca, Talca 3465548, Chile

Sustainability, 2022, vol. 14, issue 6, 1-13

Abstract: The objective of the research is to analyze the variables of human capital and its relationship with innovation in manufacturing companies. The study is quantitative, nonexperimental, cross-sectional data obtained from Colombia, an emerging country, collected from a national survey of innovation activities. The regression used is bivariate probit. The findings show that the variable “R&D workers” is related to product and process innovation and the variable “workers with higher education” is related to product innovation. The theoretical implication is that the “R&D workers” variable is an important predictor for product and process innovation because it represents skills, abilities, and worker’s experience, and enables finding new uses for knowledge or combining knowledge to achieve innovation. Furthermore, in these companies, the human capital acquired through education develops the skills and abilities that enable product innovation to be achieved, while low investment in training means that the skills achieved by this means are not significant for innovation. The study has practical implications for managers in emerging countries who want to increase the companies’ innovative potential by increasing investment in education and training of its workers.

Keywords: innovation; human capital; innovative performance; training; R&D workers (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://www.mdpi.com/2071-1050/14/6/3294/pdf (application/pdf)
https://www.mdpi.com/2071-1050/14/6/3294/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:14:y:2022:i:6:p:3294-:d:769071

Access Statistics for this article

Sustainability is currently edited by Ms. Hayley Chen

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().

 
Page updated 2022-05-13
Handle: RePEc:gam:jsusta:v:14:y:2022:i:6:p:3294-:d:769071