IDEAS home Printed from https://ideas.repec.org/a/spr/joiaen/v11y2022i1d10.1186_s13731-022-00205-8.html
   My bibliography  Save this article

Intellectual capital factors at work in Dominican firms: understanding their influence

Author

Listed:
  • Víctor Gómez-Valenzuela

    (Instituto Tecnológico de Santo Domingo (INTEC))

Abstract

From an empirical-based perspective, this paper explores the influence of intellectual capital factors on the performance of firms in the Dominican Republic. A Likert scale from one to seven was used to capture firms’ sensitivity to human, structural and relational capital factors. An exploratory factor analysis was carried out using the method of principal components with VARIMAX rotation. The final factorial scores were standardized to execute the regression analysis. Structural capital factors appear to be the dominant intellectual capital components within the Dominican context. Human capital factors play a vital role in performance in manufacturing and in-services firms, and relational capital factors are significant in determining their performance. This research contributes to the regional literature on intellectual capital studies in Latin America and the Caribbean. It puts forward some specific points related to the role of intellectual capital factors in explaining firms’ performance in small open economies such as that of the Dominican Republic.

Suggested Citation

  • Víctor Gómez-Valenzuela, 2022. "Intellectual capital factors at work in Dominican firms: understanding their influence," Journal of Innovation and Entrepreneurship, Springer, vol. 11(1), pages 1-24, December.
    • Handle: RePEc:spr:joiaen:v:11:y:2022:i:1:d:10.1186_s13731-022-00205-8
    DOI: 10.1186/s13731-022-00205-8
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1186/s13731-022-00205-8
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1186/s13731-022-00205-8?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. William Maloney & Andrés Rodríguez‐Clare, 2007. "Innovation Shortfalls," Review of Development Economics, Wiley Blackwell, vol. 11(4), pages 665-684, November.
    2. Misbah Habib & Jawad Abbas & Rahat Noman, 2019. "Are human capital, intellectual property rights, and research and development expenditures really important for total factor productivity? An empirical analysis," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 46(6), pages 756-774, February.
    3. Caroline Mothe & Uyen T. Nguyen-Thi & Ángela Triguero, 2018. "Innovative products and services with environmental benefits: design of search strategies for external knowledge and absorptive capacity," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 61(11), pages 1934-1954, September.
    4. Zoltan J. Acs & Attila Varga, 2008. "Entrepreneurship, Agglomeration and Technological Change," Chapters, in: Entrepreneurship, Growth and Public Policy, chapter 24, pages 341-352, Edward Elgar Publishing.
    5. Eric Bartelsman & John Haltiwanger & Stefano Scarpetta, 2013. "Cross-Country Differences in Productivity: The Role of Allocation and Selection," American Economic Review, American Economic Association, vol. 103(1), pages 305-334, February.
    6. David A. Harrison & Anthony R. Brady, 2004. "Sample size and power calculations using the noncentral t-distribution," Stata Journal, StataCorp LP, vol. 4(2), pages 142-153, June.
    7. Chen, Yongmin & Puttitanun, Thitima, 2005. "Intellectual property rights and innovation in developing countries," Journal of Development Economics, Elsevier, vol. 78(2), pages 474-493, December.
    8. Ute Vanini & Robert Rieg, 2019. "Effects of voluntary intellectual capital disclosure for disclosing firms," Journal of Applied Accounting Research, Emerald Group Publishing Limited, vol. 20(3), pages 349-364, June.
    9. Bae, John & Kim, Sang-Joon & Oh, Hannah, 2017. "Taming polysemous signals: The role of marketing intensity on the relationship between financial leverage and firm performance," Review of Financial Economics, Elsevier, vol. 33(C), pages 29-40.
    10. Metcalfe, Stan & Ramlogan, Ronnie, 2008. "Innovation systems and the competitive process in developing economies," The Quarterly Review of Economics and Finance, Elsevier, vol. 48(2), pages 433-446, May.
    11. Cohen, Wesley M & Levinthal, Daniel A, 1989. "Innovation and Learning: The Two Faces of R&D," Economic Journal, Royal Economic Society, vol. 99(397), pages 569-596, September.
    12. Daron Acemoglu & Ufuk Akcigit, 2012. "Intellectual Property Rights Policy, Competition And Innovation," Journal of the European Economic Association, European Economic Association, vol. 10(1), pages 1-42, February.
    13. María Verónica Alderete & Luis H. Gutiérrez, 2014. "Drivers of information and communication technologies adoption in Colombian services firms," International Journal of Business Information Systems, Inderscience Enterprises Ltd, vol. 17(4), pages 373-397.
    14. David Doloreux & Richard Shearmur & Mercedes Rodriguez, 2016. "Determinants of R&D in knowledge-intensive business services firms," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 25(4), pages 391-405, June.
    15. Nicholas Bloom & Aprajit Mahajan & David McKenzie & John Roberts, 2010. "Why Do Firms in Developing Countries Have Low Productivity?," American Economic Review, American Economic Association, vol. 100(2), pages 619-623, May.
    16. Cataldo Dino Ruta & Ubaldo Macchitella, 2008. "Fostering intellectual capital through communication technologies: an analysis of knowledge-sharing determinants," International Journal of Learning and Intellectual Capital, Inderscience Enterprises Ltd, vol. 5(2), pages 123-152.
    17. Toby E. Stuart, 2000. "Interorganizational alliances and the performance of firms: a study of growth and innovation rates in a high‐technology industry," Strategic Management Journal, Wiley Blackwell, vol. 21(8), pages 791-811, August.
    18. Bailey, Nicholas & Warby, Brian, 2019. "Explaining the competition for FDI: Evidence from Costa Rica and cross-national industry-level FDI data," Research in International Business and Finance, Elsevier, vol. 47(C), pages 67-77.
    19. Martin Srholec, 2007. "High-Tech Exports from Developing Countries: A Symptom of Technology Spurts or Statistical Illusion?," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 143(2), pages 227-255, July.
    20. Muhammad Khalique & Nick Bontis & Jamal Abdul Nassir Bin Shaari & Mohd Rafi Yaacob & Rohana Ngah, 2018. "Intellectual capital and organisational performance in Malaysian knowledge-intensive SMEs," International Journal of Learning and Intellectual Capital, Inderscience Enterprises Ltd, vol. 15(1), pages 20-36.
    21. Trott, Paul & Simms, Chris, 2017. "An examination of product innovation in low- and medium-technology industries: Cases from the UK packaged food sector," Research Policy, Elsevier, vol. 46(3), pages 605-623.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Angi Skhvediani & Anastasia Koklina & Tatiana Kudryavtseva & Diana Maksimenko, 2023. "The Impact of Intellectual Capital on the Firm Performance of Russian Manufacturing Companies," Risks, MDPI, vol. 11(4), pages 1-25, April.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jaan Masso & Amaresh K Tiwari, 2021. "Productivity Implications Of R&D, Innovation And Capital Accumulation For Incumbents And Entrants: The Case Of Estonia," University of Tartu - Faculty of Economics and Business Administration Working Paper Series 130, Faculty of Economics and Business Administration, University of Tartu (Estonia).
    2. Abdin, Joynal & Sharma, Abhijit & Trivedi, Rohit & Wang, Chengang, 2024. "Financing constraints, intellectual property rights protection and incremental innovation: Evidence from transition economy firms," Technological Forecasting and Social Change, Elsevier, vol. 198(C).
    3. Kevin A. Bryan & Heidi L. Williams, 2021. "Innovation: Market Failures and Public Policies," NBER Working Papers 29173, National Bureau of Economic Research, Inc.
    4. Masso, Jaan & Tiwari, Amaresh K., 2024. "Productivity impacts of R&D and non-R&D modes of technological change for incumbents and entrants in a catching-up economy," Technological Forecasting and Social Change, Elsevier, vol. 199(C).
    5. Jaan Masso & Amaresh K Tiwari, 2022. "Productivity Implications of R&D, Innovation, and Capital Accumulation for Incumbents and Entrants: Perspectives from a Catching-up Economy," Papers 2205.10540, arXiv.org.
    6. Henri A. Schildt & Markku V.J. Maula & Thomas Keil, 2005. "Explorative and Exploitative Learning from External Corporate Ventures," Entrepreneurship Theory and Practice, , vol. 29(4), pages 493-515, July.
    7. Kathryn Rudie Harrigan & Maria Chiara Guardo & Bo Cowgill, 2017. "Multiplicative-innovation synergies: tests in technological acquisitions," The Journal of Technology Transfer, Springer, vol. 42(5), pages 1212-1233, October.
    8. Heinrich, Torsten & Yang, Jangho & Dai, Shuanping, 2020. "Growth, development, and structural change at the firm-level: The example of the PR China," MPRA Paper 105011, University Library of Munich, Germany.
    9. Aghion, Philippe & Akcigit, Ufuk & Howitt, Peter, 2014. "What Do We Learn From Schumpeterian Growth Theory?," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 2, chapter 0, pages 515-563, Elsevier.
    10. Frank T. Rothaermel & Maria Tereza Alexandre, 2009. "Ambidexterity in Technology Sourcing: The Moderating Role of Absorptive Capacity," Organization Science, INFORMS, vol. 20(4), pages 759-780, August.
    11. Burcharth, Ana Luiza Lara de Araújo & Lettl, Christopher & Ulhøi, John Parm, 2015. "Extending organizational antecedents of absorptive capacity: Organizational characteristics that encourage experimentation," Technological Forecasting and Social Change, Elsevier, vol. 90(PA), pages 269-284.
    12. Anja, Breitwieser & Neil, Foster, 2012. "Intellectual property rights, innovation and technology transfer: a survey," MPRA Paper 36094, University Library of Munich, Germany.
    13. Joana Mendonça & Christoph Grimpe, 2016. "Skills and regional entrepreneurship capital formation: a comparison between Germany and Portugal," The Journal of Technology Transfer, Springer, vol. 41(6), pages 1440-1456, December.
    14. Gabriele Pellegrino, 2018. "Barriers to innovation in young and mature firms," Journal of Evolutionary Economics, Springer, vol. 28(1), pages 181-206, January.
    15. Hella Bani Baghdadi & Sami Aouadi, 2018. "Does Patent Performance Promote Relative Technological Performance in Countries Bordering the Mediterranean?," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 9(4), pages 1246-1269, December.
    16. Chatzistamoulou, Nikos & Kounetas, Kostas & Tsekouras, Kostas, 2022. "Technological hierarchies and learning: Spillovers, complexity, relatedness, and the moderating role of absorptive capacity," Technological Forecasting and Social Change, Elsevier, vol. 183(C).
    17. Vanhaverbeke, W.P.M. & Beerkens, B.E. & Duysters, G.M., 2003. "Explorative and exploitative learning strategies in technology-based alliance networks," Working Papers 03.22, Eindhoven Center for Innovation Studies.
    18. Chakraborty, Pavel & Mitra, Nirvana, 2021. "Banking Reforms, Access to Credit, and Misallocation," MPRA Paper 111221, University Library of Munich, Germany.
    19. Pamela Mueller, 2005. "Exploring the Knowledge Filter - How Entrepreneurship and University-Industry Relations Drive Economic Growth," ERSA conference papers ersa05p610, European Regional Science Association.
    20. Pedro Bento & Diego Restuccia, 2017. "Misallocation, Establishment Size, and Productivity," American Economic Journal: Macroeconomics, American Economic Association, vol. 9(3), pages 267-303, July.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:joiaen:v:11:y:2022:i:1:d:10.1186_s13731-022-00205-8. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.