Analysis of the relationship of intellectual capital on organizational performance through product innovation. Review of the literature
DOI:
https://doi.org/10.69504/nau.v1i1.15Keywords:
intellectual capital, product innovation, organizational performanceAbstract
Since the term intellectual capital was known, it has been described as the knowledge that organizations possess and that is used to create value. One of the main questions of intellectual capital focuses on is how intellectual capital can be used to support product innovation and improve organizational performance. The objective of this research is to review the literature to examine the relationship between intellectual capital, product innovation and organizational performance. To analyze the scientific articles, the methodology proposed by Levy and Ellis (2006) was used. As conclusions, the recent findings of the existing relationship between these concepts are mentioned.
Downloads
References
Agostini, L., & Nosella, A. (2017). Enhancing radical innovation performance through intellectual capital components. Journal of Intellectual Capital, 18(4), 789–806. https://doi.org/10.1108/JIC-10-2016-0103
Al-Jinini, D. K., Dahiyat, S. E., & Bontis, N. (2019). Intellectual capital, entrepreneurial orientation, and technical innovation in small and medium-sized enterprises. Knowledge and Process Management, 26(2), 69–85. https://doi.org/10.1002/kpm.1593
Al-Suwaidi, F., Alshurideh, M., Al-Kurdi, B., & Salloum, S. A. (2021). The Impact of Innovation Management in SMEs Performance: A Systematic Review. In Advances in Intelligent Systems and Computing: Vol. 1261 AISC. Springer International Publishing. https://doi.org/10.1007/978-3-030-58669-0_64
Asiaei, K., Jusoh, R., & Bontis, N. (2018). Intellectual capital and performance measurement systems in Iran. Journal of Intellectual Capital, 19(2), 294–320. https://doi.org/10.1108/JIC-11-2016-0125
Barkat, W., Beh, L. S., Ahmed, A., & Ahmed, R. (2018). Impact of intellectual capital on innovation capability and organizational performance: An empirical investigation. Serbian Journal of Management, 13(2), 365–379. https://doi.org/10.5937/sjm13-16997
Benevene, P., Kong, E., Barbieri, B., Lucchesi, M., & Cortini, M. (2017). Representation of intellectual capital’s components amongst italian social enterprises. Journal of Intellectual Capital, 18(3), 564–587. https://doi.org/10.1108/JIC-12-2016-0127
Bititci, U., Garengo, P., Dörfler, V., & Nudurupati, S. (2011). Performance Measurement: Challenges for Tomorrow. International Journal of Management Reviews, 1–62. https://doi.org/10.1111/j.1468-2370.2011.00318.x
Bontis, N. (1998). Intellectual capital: an exploratory study that develops measures and models.
Management Decision, 36(2), 63–76. https://doi.org/10.1108/00251749810204142
Buenechea-Elberdin, M., Sáenz, J., & Kianto, A. (2018). Knowledge management strategies, intellectual capital, and innovation performance: a comparison between high- and low-tech firms. Journal of Knowledge Management, 22(8), 1757–1781. https://doi.org/10.1108/JKM-04-2017-0150
Bueno, E. (2013). El capital intelectual como sistema generador de emprendimiento e innovación. Economía Industrial, 388, 15–22.
Canh, N. T., Liem, N. T., Thu, P. A., & Khuong, N. V. (2019). The impact of innovation on the firm performance and corporate social responsibility of Vietnamese manufacturing firms. Sustainability (Switzerland), 11(13). https://doi.org/10.3390/su11133666
Crema, M., & Verbano, C. (2016). Managing Intellectual Capital in Italian Manufacturing SMEs. Creativity and Innovation Management, 25(3), 408–421. https://doi.org/10.1111/caim.12074
Dosi, G., Pavitt, K., & Soete, L. (1990). The Economics of Technical Change and International Trade. New York University Press. https://econpapers.repec.org/RePEc:ssa:lembks:dosietal-1990
Drucker, P. (1985). Innovation and Entrepreneurship. Harper Collins.
Drucker, P. F. (1993). The rise of the knowledge society. The Wilson Quarterly.
Duodu, B., & Rowlinson, S. (2019). Intellectual capital for exploratory and exploitative innovation: Exploring linear and quadratic effects in construction contractor firms. Journal of Intellectual Capital. https://doi.org/10.1108/JIC-08-2018-0144
Edvinsson, L., & Malone, M. (1997). Intellectual Capital (H. Publisher (ed.)).
Freeman, C. (1974). The Economics of Industrial Innovation. Harmondsworth: Penguin Books.
Freeman, C. (1989). The Nature of Innovation and the Evolution of the Productive System. MERIT. https://books.google.com.mx/books?id=o7b4oAEACAAJ
Gaglio, G., Godin, B., & Pfotenhauer, S. (2019). X-Innovation. Novation Critical Studies of Innovation, 1, 175.
García-Castro, J. P., Duque-Ramírez, D. F., & Moscoso-Escobar, J. (2021). The relationship between intellectual capital and financial performance in Colombian listed banking entities. Asia Pacific Management Review, xxxx. https://doi.org/10.1016/j.apmrv.2021.03.002
Godin, B. (2015). Innovation Contested, The idea of innovation over the centuries. Routledge.
Godin, B. (2016). Making sense of innovation: from weapon to instrument to buzzword Pour une histoire du concept d’innovation : arme, instrument et cliché. Quaderni, 90, 21–40. https://doi.org/10.4000/quaderni.977
Gogan, L. M., Artene, A., Sarca, I., & Draghici, A. (2016). The Impact of Intellectual Capital on Organizational Performance. Procedia - Social and Behavioral Sciences, 221(0), 194–202. https://doi.org/10.1016/j.sbspro.2016.05.106
Heijs, M., & Buesa, J. (2016). Manual de economía de innovación. Instituto de análisis industrial y financiero.
Hsu, L. C., & Wang, C. H. (2010). Clarifying the Effect of Intellectual Capital on Performance: The Mediating Role of Dynamic Capability. British Journal of Management, 23(2), 1–27. https://doi.org/10.1111/j.1467-8551.2010.00718.x
Hsu, Y. H., & Fang, W. (2009). Intellectual capital and new product development performance: The mediating role of organizational learning capability. Technological Forecasting and Social Change, 76(5), 664–677. https://doi.org/10.1016/j.techfore.2008.03.012
Januškaite, V., & Užiene, L. (2018). Intellectual capital as a factor of sustainable regional competitiveness. Sustainability (Switzerland), 10(12). https://doi.org/10.3390/su10124848
Jardón, C. M., & Martos, M. S. (2009). Intellectual capital and performance in wood industries of Argentina. Journal of Intellectual Capital, 10(4), 600–616. https://doi.org/10.1108/14691930910996670
Kianto, A., Ritala, P., Vanhala, M., & Hussinki, H. (2019). Reflections on the criteria for the sound measurement of intellectual capital: A knowledge-based perspective. Critical Perspectives on Accounting, 70. https://doi.org/10.1016/j.cpa.2018.05.002
Li, J., & Yu, D. (2018). The path to innovation: The antecedent perspective of intellectual capital and organizational character. Frontiers in Psychology, 9(DEC). https://doi.org/10.3389/fpsyg.2018.02445
Li, Y., Song, Y., Wang, J., & Li, C. (2019). Intellectual capital, knowledge sharing, and innovation performance: Evidence from the Chinese Construction Industry. Sustainability (Switzerland), 11(2713), 1–20. https://doi.org/10.3390/su11092713
Liquidano, M. del C. (2009). El administrador, la evolución de la gestión de recursos humanos y el desempeño organizacional. In H. Rivera (Ed.), Gestión, conocimiento y compromiso en las organizaciones (1ed., p. 216). Pearson educación.
Martín de Castro, G., Alama, E. M., Navas, J. E., & López, P. (2009). El papel del capital intelectual en la innovación tecnológica. Un aplicación a las empresas de servicios profesionales de España. Cuadernos de Economia y Direccion de La Empresa, 12(40), 83–110. https://doi.org/10.1016/s1138-5758(09)70043-x
Masocha, R. (2018). Does environmental sustainability impact innovation, ecological and social measures of firm performance of SMEs? Evidence from South Africa. Sustainability (Switzerland), 10(11). https://doi.org/10.3390/su10113855
Mazzotta, R., Bronzetti, G., & Baldini, M. A. (2014). Reporting of Intellectual Capital: evidence from the Italian Banking Sector. In Carlucci, D and Spender, JC and Schiuma, G (Ed.), IFKAD 2014: 9TH INTERNATIONAL FORUM ON KNOWLEDGE ASSET DYNAMICS: KNOWLEDGE AND MANAGEMENT MODELS FOR SUSTAINABLE GROWTH (pp. 3328–3364).
Meissner, D., & Kotsemir, M. (2015). Conceptualizing the innovation process towards the ‘active innovation paradigm’—trends and outlook. Journal of Innovation and Entrepreneurship, 5(1). https://doi.org/10.1186/s13731-016-0042-z
Mention, A. L. (2012). Intellectual Capital, Innovation and Performance: a Systematic Review of the Literature. Business and Economic Research, 2(1). https://doi.org/10.5296/ber.v2i1.1937
Mulrow, C. D. (1994). Rationale for systematic reviews. BMJ (Clinical Research Ed.), 309(6954), 597–599. https://doi.org/10.1136/bmj.309.6954.597
Näyhä, A. (2020). Finnish forest-based companies in transition to the circular bioeconomy - drivers, organizational resources and innovations. Forest Policy and Economics, 110(May 2019), 101936. https://doi.org/10.1016/j.forpol.2019.05.022
Nguyen, D. Q. Q. D. Q. (2018). The impact of intellectual capital and knowledge flows on incremental and radical innovation: Empirical findings from a transition economy of Vietnam. Asia-Pacific Journal of Business Administration, 10(2–3), 149–170. https://doi.org/10.1108/APJBA-03-2018-0044
Nonaka, I., & Takeuchi, H. (1995). The Knowledge Creating company (O. USA (ed.)). Oxford University Press.
OECD/Eurostat. (2018). Oslo Manual 2018: Guidelines for Collecting, Reporting and Using Data on Innovation, 4th Edition, The Measurement of Scientific, Technological and Innovation Activities. OECD Publishing Paris/Eurostat, Luxembourg. https://doi.org/10.1787/9789264304604-en
Olarewaju, O. M., & Msomi, T. S. (2021). Intellectual capital and financial performance of South African development community’s general insurance companies. Heliyon, 7(4), e06712. https://doi.org/10.1016/j.heliyon.2021.e06712
Oppong, G. K., & Pattanayak, J. K. (2019). Does investing in intellectual capital improve productivity? Panel evidence from commercial banks in India. Borsa Istanbul Review, 19(3), 219–227. https://doi.org/10.1016/j.bir.2019.03.001
Pedro, E., Leitão, J., & Alves, H. (2018). Back to the future of intellectual capital research: a systematic literature review. Management Decision, 56(11), 2502–2583. https://doi.org/10.1108/MD-08-2017-0807
Pirozzi, M. G., & Ferulano, G. P. (2016). Intellectual capital and performance measurement in healthcare organizations: An integrated new model. Journal of Intellectual Capital, 17(2), 320–350. https://doi.org/10.1108/JIC-07-2015-0063
Roos, G. (2017). Knowledge management, intellectual capital, structural holes, economic complexity and national prosperity. Journal of Intellectual Capital, 18(4), 745–770. https://doi.org/10.1108/JIC-07-2016-0072
Roos, J., Dragonetti, N. C., Roos, G., & Edwinsson, L. (2001). Capital intelectual: el valor intangible de la empresa. June 2015, 191. http://books.google.com/books?id=cRp9AlWoLtcC&pgis=1
Schumpeter, J. A. (1934). The Theory of Economic Development. Cambridge University Press.
Shou, Y., Hu, W., & Xu, Y. (2018). Exploring the role of intellectual capital in supply chain intelligence integration. Industrial Management and Data Systems, 118(5), 1018–1032. https://doi.org/10.1108/IMDS-06-2017-0285
Sorooshian, S., Aziz, N. F., Ahmad, A., Jubidin, S. N., & Mustapha, N. M. (2016). Review on Performance Measurement Systems. Mediterranean Journal of Social Sciences, 7(1). https://doi.org/10.5901/mjss.2016.v7n1p123
Soto-Acosta, P., Popa, S., & Palacios-Marqués, D. (2016). E-business, organizational innovation and firm performance in manufacturing SMEs: an empirical study in Spain. Technological and Economic Development of Economy, 22(6), 885–904. https://doi.org/10.3846/20294913.2015.1074126
Stam, C. (2007). Knowledge productivity. In Designing and Testing a Method to Diagnose Knowledge (Vol. 31, Issue 0). Princenton univesrsity press. http://www.intellectualcapital.nl/publications/StamMcMaster07.pdf
Stewart, T. (1991). Brainpower Intellectual capital is becoming corporate America’s most valuable asset and can be its sharpest competitive weapon. Fortune Magazine.
Stewart, T. (1997). Intellectual Capital The New Wealth of Organizations, (N. Y. Bantam Doubleday Publishing (ed.)). Doubleday Dell Publishing Group, Inc.
Taşkan, B., Karatop, B., & Kubat, C. (2020). Impacts of Industrial Revolutions on the Enterprise Performance Management: A Literature Review. Journal of Business & Management, 26(1), 79–119. https://doi.org/10.6347/JBM.202003
Tidd, J., Bessant, J., & Pavitt, K. (2005). Managing Innovation: Integrating Technological, Market and Organisational Change (John Wiley and Sons Ltd. (ed.); 3rd editio).
Xu, J., & Wang, B. (2019). Intellectual Capital Performance of the Textile Industry in Emerging Markets: A Comparison with China and South Korea. SUSTAINABILITY, 11(8). https://doi.org/10.3390/su11082354
Yu, C., Zhang, Z., Lin, C., & Wu, Y. J. (2017). Knowledge creation process and sustainable competitive advantage: The role of technological innovation capabilities. Sustainability (Switzerland), 9(12). https://doi.org/10.3390/su9122280
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2022 Nau Yuumak Avances de Investigación en Organizaciones y Gestión
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.