Drivers of Innovation Capital Disclosure in Intellectual Capital Statements: Evidence from Europe

2012 ◽  
Author(s):  
Lucia Bellora ◽  
Thomas W. Günther
Keyword(s):  
Intellectual Capital ◽  
Innovation Capital

Drivers of innovation capital disclosure in intellectual capital statements: Evidence from Europe

2013 ◽  
Vol 45 (4) ◽  
pp. 255-270 ◽  
Author(s):  
Lucia Bellora ◽  
Thomas W. Guenther
Keyword(s):  
Intellectual Capital ◽  
Innovation Capital

Does intellectual capital allow improving innovation performance? A quantitative analysis in the SME context

2017 ◽  
Vol 18 (2) ◽  
pp. 400-418 ◽  
Author(s):  
Lara Agostini ◽  
Anna Nosella ◽  
Roberto Filippini
Keyword(s):  
Intellectual Capital ◽  
Innovation Performance ◽  
Three Dimensions ◽  
Incremental Innovation ◽  
Primary Data ◽  
High Tech ◽  
Content Type ◽  
Significant Difference ◽  
Confirmatory Factor ◽  
Innovation Capital

Purpose The purpose of this paper is to investigate the association between the strength of intellectual capital (IC) and small- and medium-sized enterprise (SME) innovation performance. Design/methodology/approach Primary data of 150 SMEs belonging to manufacturing medium-high tech industries were collected through a survey. The methodology consists of a confirmatory factor analysis and a cluster analysis, complemented by a t-test, to assess whether there is a significant difference in terms of innovation performance of SMEs characterized by a different strength of IC. Findings Overall, the findings show that SMEs of the sample can be divided into two groups characterized by a different strength of IC, and those SMEs disclosing a higher strength of IC, in terms of human capital, innovation capital and relational capital, exhibit a significantly higher radical and incremental innovation performance. Practical implications The present study provides SME entrepreneurs and managers with an empirical evidence that possessing strong IC in its three dimensions seems to help SMEs reinforce their ability to generate both radical and incremental innovation. This calls that SME entrepreneurs and managers need to identify and effectively manage IC in order to strengthen and effectively leverage their investments on IC. Originality/value This study is particularly relevant because, instead of focusing on single categories of IC as previous studies mainly do, it adopts an overarching perspective of the dimensions of IC and their impact on both radical and incremental innovation performance. Moreover, it focuses on the SME context which has been less investigated than large firms within the domain of IC.

scholarly journals The intellectual capital of an enterprise: the innovative aspect

2013 ◽  
Vol 63 ◽  
pp. 31-42 ◽  
Author(s):  
Olga Miroshnychenko
Keyword(s):  
Intellectual Capital ◽  
State Level ◽  
The State ◽  
Innovation Activity ◽  
Foreign Markets ◽  
Important Place ◽  
Innovation Activities ◽  
Analytical Results ◽  
Prime Factors ◽  
Innovation Capital

The interpretation of the category “intellectual capital” and approaches to determining the structure of intellectual capital have been considered in the study. The innovation capital, the use of which can increase the company’s competitiveness in the domestic and foreign markets, takes an important place in the structure of intellectual capital. The article contains analytical results of the innovation activity of Ukrainian enterprises. The prime factors limiting the innovation activity of Ukrainian enterprises have been defined. Consideration has been given to the features of financing innovation activities in Ukraine. The suggestions, the implementation of which at the state level shall promote the effectiveness of innovation activity of Ukrainian enterprises, have been put forward.Key words: intellectual capital, innovation, innovation activity, enterpriseИНТЕЛЛЕКТУАЛЬНЫЙ КАПИТАЛ ПРЕДПРИЯТИЯ: ИННОВАЦИОННЫЙ АСПЕКТOльга Mирошниченко Резюме В статье рассмотрена трактовка категории «ин­теллектуальный капитал», подходы к опреде­лению структуры интеллектуального капитала. Важное место в структуре интеллектуального капитала занимает инновационный капитал, использование которого способно повысить конкурентоспособность предприятия на вну­треннем и внешнем рынках. Статья содержит результаты анализа инновационной активности украинских предприятий. Выделены основные факторы, ограничивающие инновационную ак­тивность предприятий Украины. Рассмотрены особенности финансирования инновационной деятельности в Украине. Внесены предложения, реализация которых на государственном уровне будет способствовать повышению эффективно­сти инновационной деятельности украинских предприятий.

scholarly journals Intellectual Capital and Firm Performance in the Context of Venture-Capital Syndication Background in China

Complexity ◽  
2021 ◽  
Vol 2021 ◽  
pp. 1-17
Author(s):  
Yuzhong Lu ◽  
Zengrui Tian ◽  
Guillermo Andres Buitrago ◽  
Shuiwen Gao ◽  
Yuanjun Zhao ◽  
...  
Keyword(s):  
Firm Performance ◽  
Venture Capital ◽  
Intellectual Capital ◽  
Generalized Method Of Moments ◽  
Theoretical Development ◽  
Relational Capital ◽  
Return On Equity ◽  
Listed Firms ◽  
The Impact ◽  
Innovation Capital

This paper is intended to investigate the role of Venture-Capital Syndication (VCS) background in the relationship between intellectual capital (IC) and portfolio firm performance (PFP); specifically, this article examines the moderating effect of VCS’s leading firm background and member heterogeneity on the effect of IC on PFP. This study used a modified VAIC model to measure IC to compose a 4-component variable including human capital, structural capital, relational capital, and innovation capital. The data were collected from VCS-backed and listed firms in China during 2014 to 2018 applying the pooled OLS model for hypotheses test, Generalized Method of Moments (GMMs) to reduce endogeneity and unobserved factor control, and also return on equity (ROE) instead of ROA for the robustness test. Empirical results showed that IC and its components can improve PFP for VCS-backed firms in China; in detail, IC showed greater impact on performance of firms invested by foreign lead investors than in private or government VCS, specially reflected in the impact of innovation capital on PFP. Furthermore, IC showed weaker impact on PFP of mixed VCS-backed firms compared to pure VCS-backed firms and showed diminished effect on higher VCS member heterogeneity mainly reflected in the impact of relational capital on firm performance. These findings propose a new way of combining IC and VC to improve firm performance and are beneficial to theoretical development of IC and VC as well as a perspective for VC firm managers to choose suitable partners prior to join a VCS.

scholarly journals Green Intellectual Capital and Firm Competitive Advantage: Evidence from Malaysian Manufacturing Firms

2019 ◽  
pp. 463-471
Author(s):  
Naimah Ahmad Yahya ◽  
Roshayani Arshad ◽  
Amrizah Kamaluddin ◽  
Rahayu Abdul Rahman
Keyword(s):  
Competitive Advantage ◽  
Intellectual Capital ◽  
Manufacturing Firms ◽  
Relational Capital ◽  
Organizational Capital ◽  
Green Innovation ◽  
Four Dimensions ◽  
The Impact ◽  
The Relationship ◽  
Innovation Capital

The purpose of this study is to investigate the relationship between green intellectual capital and firms’ competitive advantage in Malaysia. More specifically this study examines the impact of four dimensions of green intellectual capital; green human capital, green innovation capital, green organisational capital and green relational capital on firms’ competitive advantage. Using survey as a method to collect data from 224 managers of manufacturing firms in Malaysia, the result shows that green intellectual capital and its dimensions, specifically the green innovation capital, green organizational capital and green relational capital have significant and positive relationship with firms’ competitive advantage. Overall, the findings highlight the importance of green intellectual capital as a valuable business resource which in turn enhances firm performance and competitiveness.

On the determination of economic nature of intellectual capital as a component of regional intellectual and innovation activities

2018 ◽  
Vol 35 (4) ◽  
pp. 77-83
Author(s):  
T. V. Ostaschenko
Keyword(s):  
Intellectual Capital ◽  
Theoretical Basis ◽  
Research Topic ◽  
Human Potential ◽  
Innovation Potential ◽  
Innovation Activities ◽  
Economic Nature ◽  
Intellectual Potential ◽  
Innovation Capital

This paper discusses the economic nature and interrelation of categories of human capital, human potential, intellectual capital, intellectual potential, innovation potential. Author's definitions of the categories regional intellectual and innovation potential, regional intellectual and innovation climate, regional intellectual and innovation capital, regional intellectual and innovation activities are offered. The importance of the research topic is related to the insufficient theoretical basis of the concept of regional intellectual capital.

Measuring Science & Technology in Panama

2010 ◽  
pp. 55-75 ◽  
Author(s):  
Yuan-Chieh Chang ◽  
Carlos Kan
Keyword(s):  
Developing Countries ◽  
Human Capital ◽  
Intellectual Capital ◽  
Technology Policy ◽  
Science And Technology Policy ◽  
Policy Implications ◽  
Steady Increase ◽  
National Science ◽  
Indigenous Innovation ◽  
Innovation Capital

This chapter examines the notion of national intellectual capital, which could bring new insights to the existing national science and technology policy thinking. This notion leads that the chapter proposes a framework to measure national intellectual capital, and the investigation based on the framework was applied in Panama. The results revealed that the Panamanian intellectual capital faces the decreasing supply of human capital in S&T field, the service-dominant market capital, weaker and less indigenous innovation capital, and a steady increase of process capital. Some intellectual capital policy implications are drawn for Panama and other developing countries.

Intellectual Capital, Communication, and Information in Organisations and Communities

2000 ◽  
Vol 44 (12) ◽  
pp. 2-555-2-558
Author(s):  
James J. Keenan
Keyword(s):  
Communities Of Practice ◽  
Intellectual Capital ◽  
General Idea ◽  
Competitive Advantages ◽  
Core Knowledge ◽  
Community Capitals ◽  
Fiduciary Responsibility ◽  
Customer Capital ◽  
Innovation Capital ◽  
Executives And Managers

The focus here is on die relation of informatic systems to intellectual capital in work organisations. Intellectual capital is frequently viewed as having several ingredient capitals, for example: human capital, internal structure capital, external structure/customer capital, and innovation capital (for example, Edvinsson & Malone, 1997). Edvinsson and Sullivan define intellectual capital as knowledge that can be converted into value (1996: 358). I argue mat intellectual capital in organisations and other collectivities includes three sets of assets: core capitals of organisational actors, communication capital, and community or social capital. Informatic systems enhance intellectual capital by facilitating the development and use of core knowledge and motivation capitals and the communication and community capitals that are the principal ingredients of intellectual capital as viewed here. Defining the relatively hidden assets of knowledge, motivation, communication, and communities of practice as capital that is essential to the competitive advantages and other successes of organisations underscores the fiduciary responsibility of organisational actors, executives and managers, system designers and operators, and, ultimately, all stakeholders to empower, encourage, and reward value-adding intellectual capital in organisations. The intellectual capital perspective provides a way to conceptualise the always present and often hidden factors which need to be designed, developed, renewed, and otherwise managed in socio-technical systems. The general idea of intellectual capital applies to collectivities of any scale or scope, from small groups through work enterprises to settlements, communities, and whole nations.

Intellectual capital and firm performance: an extended VAIC model

2019 ◽  
Vol 20 (3) ◽  
pp. 406-425 ◽  
Author(s):  
Ayse Elvan Bayraktaroglu ◽  
Fethi Calisir ◽  
Murat Baskak
Keyword(s):  
Firm Performance ◽  
Intellectual Capital ◽  
Manufacturing Firms ◽  
Moderating Effect ◽  
Content Type ◽  
Structural Capital ◽  
Proposed Model ◽  
Capital Efficiency ◽  
The Relationship ◽  
Innovation Capital

Purpose The purpose of this paper is to propose an extended and modified value-added (VA) intellectual coefficient (VAIC) model, which includes intellectual capital (IC) components which were missing in the original VAIC approach. The proposed model has been used to explore the relationship between IC and firm performance for Turkish manufacturing firms on a more detailed level. Design/methodology/approach Multiple regression analysis has been employed to identify the IC components, which predict the performance of the firm and the moderating effect of some IC components on IC components–firm performance relationship. Data are required to calculate the IC components, and firm performance variables have been obtained from the financial reports of the Turkish manufacturing firms for the period 2003–2013. Findings According to the results for Turkish manufacturing sector innovation capital efficiency has a moderating effect on the relationship between structural capital efficiency (SCE) and profitability, meaning, depending on an increase in R&D expenses, the effect of SCE on profitability also increases. On the other hand, it has been found that innovation capital efficiency has a direct impact on firms’ productivity. The results also showed that IC efficiency components have a moderating role on the relationship between capital employed efficiency and profitability. Research limitations/implications There might be a time lag until the effect of R&D investments can be observed in firms’ performance. However, this lagged impact of innovation capital and also other IC components on future firm performance has not been investigated due to concerns related to sample size. Originality/value The proposed model differs from the original VAIC model in three ways: it, namely, includes two additional IC components, customer capital (CC) and innovation capital. It explores the moderating effect of innovation capital on structural capital–firm performance relationship and the moderating effect of IC components on employed capital–firm performance relationship. As the last difference, it proposes an alteration in the VA calculation due to newly added IC components, CC and innovation capital.

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