Improving Tourism Innovation Performance: Linking Perspectives of Asset Specificity, Intellectual Capital, and Absorptive Capacity

This study seeks to better understand the link of a tourism firm’s intellectual capital to innovation performance, empirically testing the mediating role of absorptive capacity and moderating effect of asset specificity. Findings from 217 Chinese tourism firms indicate that absorptive capacity plays a mediating role in the capital–performance link, and the effect of social capital to absorptive capacity is highest when asset specificity is at an intermediate level, having an inverted “U” shape. The result indicates that the effect of the human capital is “U” shape with asset specificity. Thus, the findings make a few new important insights to the tourism innovation literature and also offer a number of vital implications for tourism managerial practices.

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The impact of intellectual capital and knowledge flows on incremental and radical innovation

Asia-Pacific Journal of Business Administration ◽

10.1108/apjba-03-2018-0044 ◽

2018 ◽

Vol 10 (2/3) ◽

pp. 149-170 ◽

Cited By ~ 2

Author(s):

Duy Quoc Nguyen

Keyword(s):

Social Capital ◽

Human Capital ◽

Intellectual Capital ◽

Radical Innovation ◽

Knowledge Flows ◽

Innovation Performance ◽

Incremental Innovation ◽

Content Type ◽

Radical Innovations ◽

The Impact

PurposeThe purpose of this paper is to develop a theoretical and empirical exploration of link between organization intellectual capital and knowledge flows with its incremental and radical innovation performance.Design/methodology/approachThis paper adopts relevant literature of social capital and organizational learning to examine the impact of intellectual capital and knowledge flows on incremental and radical innovation based on surveying 95 firms. To test the research hypotheses, regression analysis is used.FindingsResults of the study show that human capital and top-down knowledge flows significantly and positively influence both incremental and radical innovations. Social capital and bottom-up knowledge flows do not have any significant impact on incremental or/and radical innovation. Organizational capital has a positive impact on incremental innovation as expected.Practical implicationsThe results offer several practical implications for business managers to harvest its knowledge bases resident in the firm’s different forms appropriately to make innovation successful. Particularly, knowledge resident in human capital and organizational capital is useful for making incremental innovation. Especially, new knowledge, new skills and new perspectives resident in human capital are crucial important for making radical innovation. Both incremental and radical innovations are positively influenced by dynamic managerial capabilities.Originality/valueThis study contributes to literature by providing new evidence linking organization intellectual capital and knowledge flows with its innovation performance. Especially, the missing link between top-down knowledge flows and radical innovation is empirically examined. Value of this study is that social capital and bottom-up knowledge flows are not universally beneficial for enhancing innovation and their impacts on innovation performance are context dependent and more sophisticated than it is recognized in the literature.

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The Relationship between External Knowledge Acquisition and Financial Performance－The Mediating Role of Absorptive Capacity and Innovation Performance－

The Journal of Chinese Studies ◽

10.36493/jcs.97.5 ◽

2021 ◽

Vol 97 ◽

pp. 141-165

Author(s):

Jingxun Li ◽

Qinghe Ren ◽

Longzhen Li

Keyword(s):

Financial Performance ◽

Knowledge Acquisition ◽

Absorptive Capacity ◽

Innovation Performance ◽

External Knowledge ◽

Mediating Role ◽

The Relationship ◽

External Knowledge Acquisition

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Impact of intangible resources (dominant logic) on SMEs innovation performance, the mediating role of dynamic managerial capabilities: evidence from China

European Journal of Innovation Management ◽

10.1108/ejim-07-2020-0276 ◽

2020 ◽

Vol ahead-of-print (ahead-of-print) ◽

Cited By ~ 1

Author(s):

Kashif Ullah Khan ◽

Fouzia Atlas ◽

Usman Ghani ◽

Sadia Akhtar ◽

Farhan Khan

Keyword(s):

Social Capital ◽

Innovation Performance ◽

Content Type ◽

Dominant Logic ◽

Mediating Role ◽

Intangible Resources ◽

Dynamic Managerial Capabilities ◽

Managerial Capabilities ◽

Management Capabilities

PurposeThe purpose of this paper is to examine the important role of intangible resources under resource based view (RBV) such as dominant logic (information filter and learning/routines) and dynamic managerial capabilities (managerial human capital, HC; social capital, SC and managerial cognition, MC) in small and medium sized enterprises (SMEs) innovation performance in Hefei, Anhui province China.Design/methodology/approachAn empirical study was conducted while distributing 498 questionnaires among different SMEs in Hefei, of which around 429 responses were received. Structural equation modeling (SEM) was employed to test the proposed hypotheses.FindingsThis research study is an endeavor to fill the missing link in the existing literature, and empirical analysis of this research supports all the hypotheses confirming that dominant logic and dynamic managerial capabilities are valuable intangible resources and positively and significantly influence the SMEs innovation performance. Results also indicate that managerial human capital, social capital and managerial cognition (dynamic managerial capabilities) play a significant mediating role between dominant logic and SMEs innovation performance.Research limitations/implicationsThe findings suggest that those SMEs which are lacking tangible resources should build and nurture their top management capabilities and dominant logic and SMEs effectively utilizing these intangible resources can enhance their innovation performance.Practical implicationsThe findings suggest that SMEs lacking tangible resources should build and nurture their top management capabilities and dominant logic and SMEs effectively utilizing these intangible resources can enhance their innovation performance.Originality/valueThis paper argues theoretically (under RBV and dynamic capabilities view-DCV) and demonstrates empirically that in an emerging economy, i.e. China characterized by highly volatile, dynamic and uncertain competitive environments, SMEs lack tangible resources; therefore, intangible resources (e.g. dominant logic-DL and dynamic managerial capabilities-DMC) are vital for SMEs innovation performance and competitive advantage.

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Self-Directed Learning and Absorptive Capacity: The Mediating Role of Trust and Human Capital

The Future of HRD, Volume II ◽

10.1007/978-3-030-52459-3_4 ◽

2020 ◽

pp. 75-111

Author(s):

Mark Loon

Keyword(s):

Human Capital ◽

Absorptive Capacity ◽

Self Directed Learning ◽

Mediating Role ◽

Directed Learning

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Intellectual capital and business performance: the role of dimensions of absorptive capacity

Journal of Intellectual Capital ◽

10.1108/jic-11-2018-0199 ◽

2019 ◽

Vol 21 (1) ◽

pp. 23-39 ◽

Cited By ~ 6

Author(s):

Syed Saad Ahmed ◽

Jia Guozhu ◽

Shujaat Mubarik ◽

Mumtaz Khan ◽

Essa Khan

Keyword(s):

Absorptive Capacity ◽

Intellectual Capital ◽

Business Performance ◽

Partial Least Square ◽

Equation Modeling ◽

Content Type ◽

Mediating Role ◽

The Relationship ◽

Realized Absorptive Capacity

Purpose The purpose of this paper is to empirically examine the mediating role of potential and realized absorptive capacity in intellectual capital (IC) and business performance. It also investigates the direct impact of the components of IC on business performance. Design/methodology/approach Partial least square-structural equation modeling (PLS-SEM) was used to assess the effect of IC dimensions on performance and to analyze the mediating role of absorptive capacity in this relationship. Data were collected from 192 managers using a survey questionnaire with Likert scale items. Findings The findings of the study show that potential absorptive capacity does not intervene in the relationship between the components of IC and those of business performance. However, realized absorptive capacity, measured as the transformation and exploitation of knowledge, played a positive mediating role in the relationship between the dimensions of IC and those of business performance. Social capital was also noted as a weak predictor of business performance, while human capital and organizational capital had a profound positive influence. Originality/value This study contributes to the literature on IC by examining the role of realized and potential absorptive capacity in the relationship between IC components and firm performance. This research also helps practitioners recognize the importance of transformation and the exploitation of knowledge for business performance.

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External knowledge sourcing and innovation in family firms

VINE Journal of Information and Knowledge Management Systems ◽

10.1108/vjikms-09-2019-0143 ◽

2020 ◽

Vol ahead-of-print (ahead-of-print) ◽

Author(s):

Manzoor Ul Akram ◽

Koustab Ghosh ◽

Rojers P. Joseph

Keyword(s):

Social Capital ◽

Absorptive Capacity ◽

Product Innovation ◽

Family Firms ◽

Family Firm ◽

Content Type ◽

External Knowledge ◽

Mediating Role ◽

Realized Absorptive Capacity

Purpose This study aims to investigate the external knowledge search behaviors in terms of search breadth and search depth in family firms and the resultant product innovation in Indian context. The authors theorize the mediating role of absorptive capacity (potential and realized absorptive capacity) between knowledge sourcing from external sources and product innovation. Further, the authors examine the moderating role of crucial internal social capital of the family firm in enhancing the use of external knowledge for firm innovation activities. Design/methodology/approach The study uses a quantitative research design taking single informant for collection of data from 151 family small and medium enterprises in automotive sector in India. The authors use structural equation modeling to test hypothesized relationships. Findings The findings indicate that both search breadth and search depth of family firms are positively associated with product innovation in family firms. The authors also find evidence for partial mediating role of potential and realized absorptive capacity in the relationship between search breadth and innovation and search depth and innovation. The results show how family firms learning taking place while scanning external knowledge sources in terms of external absorptive capacity routines. Finally, the authors find that family firm internal social capital positively moderate the relationship between search breadth and depth, and product innovation. Practical implications Family firms need to innovate to remain relevant in the long-run and as such development of superior capabilities is of great significance to them. Family firm managers must be open to external knowledge as such knowledge help them improve the firm level of innovation through absorptive capacity. Further, family firms must realize and act upon the importance of their social capital for the integration and utilization of acquired knowledge. Originality/value This paper is amongst a few papers that take dynamic capability views of innovation in family firms wherein the authors theorize how external search breadth and depth lead to the development of potential and realized absorptive capacity in family firms. The importance of family firm internal social capital as a strong integrating and knowledge sharing mechanism that helps family firms transform external knowledge into innovation is also highlighted.

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