Title: Intellectual capital on regional innovation systems: toward the momentum of growth rates of business performance
Author: Miguel Gonzalez-Loureiro, Pedro Figueroa Dorrego
Department of Management and Marketing, Faculty of Social Sciences and Communication, University of Vigo, Campus A Xunqueira, s/n 36005, Pontevedra, Spain.
Department of Management and Marketing, Faculty of Social Sciences and Communication, University of Vigo, Campus A Xunqueira, s/n 36005, Pontevedra, Spain
Abstract: The aim of this paper is to introduce a model that makes explicit the links among intellectual capital (IC) items (human-HC, structural-SC and relational capital-RC) and the indicators activity growth in innovative SMEs. Several authors have pointed out the importance of knowledge and innovation as basic factors of competitiveness. Other authors have studied the relationships between some elements of intellectual capital and business performance. Through the relevant literature review done, a set of relationships has been developed and contrasted in 163 SMEs. Must be stressed the importance of the structural capital (SC) in the internal management of innovation in innovative SMEs. Furthermore, the growth of their activity can be explained mainly by the link HC-SC. There are relevant implications from the perspective of the triple helix, especially regarding to the innovation regional policies and the strategic orientation of the science-technology system.
Keywords: innovative strategy; small and medium-sized enterprises; SMEs; innovation systems; regional innovation; intellectual capital; knowledge management; business performance; growth rates; structural equations; structural capital; innovation management; human capital; triple helix.
Int. J. of Transitions and Innovation Systems, 2010 Vol.1, No.1, pp.82 - 99
Available online: 06 Dec 2010