scholarly journals How Intellectual Capital Predicts Innovation Output in EU Regions. Implications for Sustainable Development

2021 ◽  
Vol 13 (24) ◽  
pp. 14036
Author(s):  
George Martinidis ◽  
Nicos Komninos ◽  
Arkadiusz Dyjakon ◽  
Stanislaw Minta ◽  
Małgorzata Hejna

Intellectual capital is an overarching concept that includes the intangible, human-related factors that are relevant to the innovation process, such as human capital and social capital. In the present study, intellectual capital was assessed by indicators measuring different aspects of human and social capital. Factor analysis demonstrated the existence of three underlying factors, with all variables of the model having important contributions to them. A linear regression analysis indicated that 8 out of the 12 variables of intellectual capital used have a statistically significant impact on the measure of innovation output. These findings were discussed and their implications for policy were considered. The paper provides research evidence on the importance of intellectual capital for innovation output and discusses potential ways to achieve smart, sustainable and inclusive growth in the context of the next generation of sustainable smart specialisation strategies.

2018 ◽  
Vol 2 (1) ◽  
pp. 29-42 ◽  
Author(s):  
Carolina Madriz ◽  
Juan Carlos Leiva ◽  
Ralph Henn

The objective of this study is to determine whether human and social capital are drivers of entrepreneurship. The methodology involves the estimation of descriptive and inferential statistical techniques such as logistic regressions and correlations of variables. It is focused on information from the Global Entrepreneurship Monitor database for 2012 from Germany and Costa Rica. The results demonstrate that human and social capital, factors related to knowledge, have a positive statistical relationship with the propensity to become an entrepreneur. Little difference exists among knowledge-related factors across countries. They are mainly related to the cultural contexts, which affect the propensity to become an entrepreneur


2021 ◽  
Author(s):  
Alla Samoilenko

The article considers the formation and development of intellectual capital, including in the context of its relationship with human and social capital. The concept of intellectual capital is generalized and identified, its structure is defined according to different author's representations. It is determined that at the micro level intellectual capital is formed directly by human capital, structural (organizational) capital and client (consumer) capital. It was found that intellectual capital is assessed according to the methods of international organizations, including individual, collective, corporate (organizational), local and territorial, national, regional, international and global levels. Elements of intellectual capital are identified on the basis of their possible contact with the external environment: intellectual property, management system, infrastructure, social relations, technical and technological subsystem. It is emphasized that the theoretical aspects of intellectual capital from different authorial positions are presented in the global network economy, taking into account the intensification of information technology and innovation. It is revealed that the modern innovation environment creates preconditions for the formation of intellectual capital. Scientific knowledge, competencies of employees, experience, intellectual property, information technology are implemented in intangible products and assets of the network economy. It was found that most researchers understand intellectual capital as a set of intellectual assets, which can include: market assets (intangible assets related to market transactions); intellectual property as an asset (copyright, patents, trademarks of goods and services, know-how, trade secrets); human assets (a set of collective knowledge of employees of the enterprise, their creative abilities, the presence of leadership qualities); infrastructure assets (technologies, methods and processes that make the work of the enterprise possible). The expediency of considering intellectual capital in relation to human and social capital is emphasized, as the importance of social capital is represented by its special form, namely - networks, social norms and trust.


2020 ◽  
Vol 11 (2) ◽  
pp. 1
Author(s):  
Hoang Thanh Nhon

The purpose of this article was to explore the moderating role of the manager skills on the relationship between the intangible capitals and firm performance. Specific aims included (a) to synthesize the prior literatures and definitions related to human, organizational and social capital, firm performance and manager skills, (b) to refine conceptual definitions of the human and social capital with associated conceptual antecedent, organizational capital, and consequences, firm performances, (c) to propose a synthesized conceptual framework guiding the mediated moderation of the manager skills on the relationship between intangible capitals and firm performance. The analysis include data collected from a survey with the total of 370 information communication technology (ICT) firm’s managers. The mediating and moderating techniques are used to analyze the indirect effects of organizational capital on firm performance via human and social capital and the moderating role of manager skills on the relationship between intangible capitals and firm performance. The results show that all intangible capital dimensions have direct impacts on firm performance. In addition, there is the existences of the mediating role of the human and social capital on the relationship between firm performance and organizational capital and moderating role of the manager skills on the relationship between intellectual capital dimensions and firm performance. This is the first paper to examine comprehensively the conceptual framework of the moderating role of manager skills on relationships between intangible capitals and firm performance in ICT sector in a developing country like Vietnam.


2017 ◽  
Vol 11 (3) ◽  
pp. 377-392 ◽  
Author(s):  
Adriana Zait

Purpose The purpose of this paper was to identify the main necessary competences for smart cities’ development. From their inception until now, smart cities are striving to clarify their identity and become better, and thus, smarter. The whole process is in many ways similar to the journey of a child in his quest of growing into a smart adult, with the help of parents and support from educators. But it is not easy to tell how we, as citizens, through civic, educational and governance structures, raise smart cities. What competences do we need? This was the main question for the present essay, generated from several theoretical and practical experiences. Design/methodology/approach In this study, literature analysis, synthesis and theoretical inferences, for the smart city problematiques, and induction and exploratory qualitative analysis, for soft, civilizational competences, were used. Findings The main conclusion is that the literature still associates the smart city especially with its hard dimension, the highly developed and intelligent technologies, including information and communication technologies (ICTs), despite a growing number of studies dedicated to the soft, human and social capital component. The intangible, soft component – the human actor – plays an equally, if not even more important role, through mechanisms affecting all classical dimensions of smart cities (smart economy, people, governance, mobility, environment, living). Civilizational competences, soft skills or human-related characteristics of cities strongly influenced by culture (at national, regional, organizational and individual levels) are crucial for the development of smart and competitive cities. Civilizational competences are grouped into four categories: enterprise culture, discoursive culture, civic culture and daily culture. If we want to make our cities smart, we need to develop these competences – first define them, then identify their antecedents or influence factors and measure them. Research limitations/implications The study has several limits. First, the exploratory nature in itself, with many inductive and abductive suppositions that will need further testing. Second, the literature selection has a certain degree of subjectivity owing to the fact that besides the common, classical theory of smart cities, the authors were particularly interested in rather heterodox opinions about the subject, which lead them to the inclusion of singular or isolated points of view on narrower issues. Practical implications The findings of this exploratory conceptual essay could be used for further testing of hypotheses on the relationship between civilizational competences and smart cities’ development. Social implications Local and regional administrations could use the results to increase civil society’s involvement in the development of smart cities. Originality/value The study points out some new connections and relations for the smart city problematiques, and explicitly suggests relating the development of smart cities to the development of civilizational competences, as a complex category of factors going beyond the unique dimension of “people” or “human and social capital” from the smart cities literature. It is an exploratory outcome, generating new research hypotheses for the relationships between smart city development and culture-related factors grouped under the “cities” civilizational competences’ label.


2014 ◽  
Vol 41 (10) ◽  
pp. 878-895 ◽  
Author(s):  
Soumyananda Dinda

Purpose – The purpose of this paper is to analyse inclusive growth that focuses on the creation of opportunities for all. Inclusive growth allows people to contribute to and benefit from economic growth, while pro-poor growth approaches focusing on welfare of the poor only to reduce inequality. Design/methodology/approach – Social capital forms with the development of human capital through schooling. Educated individuals are interested in dialogue and conversation. Interaction enables people to build trust, confidence and cooperation, to commit themselves to each other (i.e. reciprocity), and thereby to knit the social fabric. This study deals with the formation of social capital through development of human capital that is created through improvement of schooling and/or social inclusion. Creation of human and social capital is the basis for inclusive growth. Findings – Recently, economics literature incorporates social capital for explaining regional disparities. Economic development of country depends on the impact of social capital which includes social culture, norms and regulations that promote economic reforms and development activities. Social capital forms with the development of human capital through schooling. Research limitations/implications – More detail regional levels data are required for empirical findings. Practical implications – This paper definitely suggests a clear policy for inclusive growth model in less developed regions/countries. Briefly and specific few policies are suggested as: first, improve productive consumption providing nutritional intake to all the excluded people of the society; second, dismal the social blocking and create the base for bridging social capital formation; third, improve school enrollment and strengthen the feeling of togetherness; fourth, design school curriculum as per need base; and fifth, develop institutions and improve capacity building. Social implications – The Government expenditure policy should be focused more on productive consumption rather than unproductive consumption. The government should concentrate on the development of education and health sectors. Originality/value – The inclusive economic growth process overcomes low-level equilibrium trap. The predictions of the model are examined empirically for a cross-section of countries and have substantial support in the chosen sample data.


Author(s):  
O. Nifaeva

The nature of economic relations directly depends on moral and ethical features of the economic agents. At this moment Russia has got a unique opportunity to build a civilized model of economy by adjusting the moral and ethical features of the economic agents. The author presents a three-level structure of the moral and ethical features of individuals. Each level (material, intellectual and social) is determined by the features such as diligence, frugality, intelligence, initiativeness, honesty, trust, responsibility, humanness, patriotism. The peculiarity of the civilized model of economy is a commitment to balance the different social groups’ interests. The different moral and ethical features form human and social capital of the individual or the society as a whole. In particular the elements of the material level in the structure of the moral and ethical features of the economic agents form labor capital (as a desire and ability to work) and health capital (health and health preserving behaviour). Intellectual level of moral and ethical features (intelligence, initiativeness, creativity) generate intellectual capital. Social capital is based on social features: honesty, trust, responsibility, humanness, patriotism. Labor, health and intellectual capital are considered to be the elements of human capital. Human and social types of capital constitute moral and ethical capital of the economic agents as the key resource of civilized economy. This type of capital can be defined as unlimited, synergetic and able to influence on other economic resources efficiency. On the basis of analysis of economic efficiency indicators evolution the article suggests the methodology of moral and ethical capital evaluating by summarizing absolute economic losses of its misuse. Consideration of types of capital classification and of the structure of moral and ethical capital enables author to suggest recommendations on how to increase the definite elements of moral and ethical capital of the Russian society by means of government social, economic and institutional policy.


2012 ◽  
Vol 9 (3) ◽  
pp. 249-262 ◽  
Author(s):  
Mikolaj Stanek ◽  
Alberto Veira

Using the Spanish National Immigrant Survey (NIS-2007) we identify the ethnic niches where workers from five main immigrant communities concentrate. We then implement logit models in order to assess how structural factors and human and social capital variables affect the odds of working in these niches. We observe that the strong segmentation of the Spanish labour market strongly favours the concentration of immigrants in certain occupational niches. Nevertheless, variables related to human and social capital still play a significant role in the placement of immigrant workers in different niches, all of which are not equally attractive. 


2019 ◽  
Vol 3 (2) ◽  
pp. 26
Author(s):  
Niken Ayu Wulandari ◽  
Tegoeh Hari Abrianto ◽  
Edi Santoso

This research to analyze and evaluate intellectual capital on financial performance obtained by return on equity, asset turnover and growth in revenue. The population in this study are consumer goods companies listed on the Stock Exchange in 2015-2017. The research sample was received by 21 companies obtained by using purposive sampling technique. The analytical method used is simple linear regression analysis with the SPSS version 20 application and uses the VAICTM method to measure intellectual capital. The results of this study indicate that intellectual capital has a significant effect on financial performance generated by return on equity, but intellectual capital does not have a significant effect on financial performance required by asset turnover and growth in revenue.


2020 ◽  
Vol 16 (10) ◽  
pp. 1800-1816
Author(s):  
G.B. Kozyreva ◽  
T.V. Morozova ◽  
R.V. Belaya

Subject. The article provides considerations on the formation and development of a successful person model in the modern Russian society. Objectives. The study is an attempt to model a successful person in the Russian society, when the ideological subsystem of the institutional matrix is changing. Methods. The study relies upon the theory of institutional matrices by S. Kirdina, theories of human and social capital. We focus on the assumption viewing a person as a carrier of social capital, which conveys a success, socio-economic position, social status, civic activism, doing good to your family and the public, confidence in people and association with your region. The empirical framework comprises data of the sociological survey of the Russian population in 2018. The data were processed through the factor analysis. Results. We devised a model of a successful person in today's Russian society, which reveals that a success, first of all, depends on the economic wellbeing and has little relation to civic activism. The potential involvement (intention, possibility, preparedness) in the social and political life significantly dominates the real engagement of people. The success has a frail correlation with constituents of the social capital, such as confidence in people and doing good to the public. Conclusions and Relevance. Based on the socio-economic wellbeing, that is consumption, the existing model of a successful person proves to be ineffective. The sustainability of socio-economic wellbeing seriously contributes to the social disparity of opportunities, which drive a contemporary Russian to a success in life.


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