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The role of intellectual capital on innovation: Evidence from Hungarian SMEs

Author

Listed:
  • Rideg, András

    (University of Pécs, Hungary)

  • Szerb, László

    (University of Pécs, Hungary)

  • Varga, Anna Róza

    (University of Pécs, Hungary)

Abstract

This study investigates the relationship between intellectual capital components and innovation on a sample of 1243 Hungarian small and medium sized enterprises (SMEs) drawn from the Global Competitiveness Project (GCP). The results of the logistic regressions reveal a significantly positive effect of structural capital and relational capital on innovation, whereas the impact of human capital is not significant. The results show the importance for entrepreneurs of strengthening intellectual capital in order to increase SMEs innovation, and advise policymakers on how to mobilize support schemes for the renewal of SMEs with low individual but high collective innovation potential. Instead of examining large enterprises and startups, the novelty of the study relies on the analysis of the connections between intellectual capital components and innovation in the context of mature Hungarian SMEs.

Suggested Citation

  • Rideg, András & Szerb, László & Varga, Anna Róza, 2023. "The role of intellectual capital on innovation: Evidence from Hungarian SMEs," TEC Empresarial, School of Business, Costa Rica Institute of Technology (ITCR), vol. 17(2), pages 1-19.
    • Handle: RePEc:ris:tecemp:2306
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    File URL: https://revistas.tec.ac.cr/index.php/tec_empresarial/article/view/6695
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    References listed on IDEAS

    as
    1. Sajjida Reza & Muhammad Shujaat Mubarik & Navaz Naghavi & Raja Rub Nawaz, 2021. "Internationalisation challenges of SMEs: role of intellectual capital," International Journal of Learning and Intellectual Capital, Inderscience Enterprises Ltd, vol. 18(3), pages 252-277.
    2. Enoch Adusei & Henry Kofi Mensah & Emmanuel Demah, 2022. "Examining the performance outcome of intellectual capital: a parallel mediation analysis," African Journal of Economic and Management Studies, Emerald Group Publishing Limited, vol. 13(4), pages 568-581, March.
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    Cited by:

    1. Nabard Othman Hama & Behiye Cavusoglu, 2023. "The Sustainability of Intellectual Capital in Enhancing Organizational Innovation: A Case Study of Sulaimani Polytechnic University," Sustainability, MDPI, vol. 15(15), pages 1-21, August.

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