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The Effect Of Innovation On Intellectual Capital: An Empirical Evaluation In The Biotechnology And Telecommunications Industries

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  • DANIEL PALACIOS MARQUÉS

    (Departament of Management, University Jaume I, Campus Riu Sec, 12071 Castellón, Spain)

  • FERNANDO JOSÉ GARRIGÓS SIMÓN

    (Departament of Management, University Jaume I, Campus Riu Sec, 12071 Castellón, Spain)

  • CARLOS DEVECE CARAÑANA

    (Departament of Management, University Jaume I, Campus Riu Sec, 12071 Castellón, Spain)

Abstract

This research studies how innovation competences affect the stock of intangibles and facilitate the development of intellectual capital (IC). We develop a theoretical model with these constructs, in which we distinguish two dimensions within innovation competences — Schumpeterian and continuous improvement competences; and three dimensions for IC — human capital, structural capital and relational capital. Theoretical relations are tested in an empirical study carried out in 222 Spanish firms from the Biotechnology and Telecommunications industries. We prove that innovation competences positively affect the stock of intangibles and facilitate the development of relational capital, structural capital and human capital.

Suggested Citation

  • Daniel Palacios Marqués & Fernando José Garrigós Simón & Carlos Devece Carañana, 2006. "The Effect Of Innovation On Intellectual Capital: An Empirical Evaluation In The Biotechnology And Telecommunications Industries," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 10(01), pages 89-112.
    • Handle: RePEc:wsi:ijimxx:v:10:y:2006:i:01:n:s1363919606001417
    DOI: 10.1142/S1363919606001417
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