Abstract
This paper examines the relationship between intellectual capital and
different product innovation strategies based on a longitudinal study of Austrian firms assuming that intellectual capital is an important complementary asset for innovation activities. The data was collected in 1995 and 2003 using the same questionnaire among a firm sample of 91 small and medium-sized firms in manufacturing industries. The study delivers evidence for a positive association between human capital and product innovativeness. Moreover, firms, which have strength in both human and structural capital have a higher likelihood to be highly innovative. In addition, the research reveals that intellectual capital discriminates more strongly between highly and less innovative firms while the traditional measure of R&D expenditure has a stronger explanatory power in differentiating between not innovative and less innovative firms.
Original language | English |
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Pages (from-to) | 1-18 |
Number of pages | 18 |
Journal | International Journal of Innovation and Economic Development |
Volume | 53 |
Issue number | 1 |
DOIs | |
Publication status | Published - 2011 |
Research Field
- Former Research Field - Innovation Systems and Policy
Keywords
- small and medium-sized enterprises; SMEs; innovation strategies;