Intellectual Capital, Technological Innovation and Firm Performance: Evidence from China's Manufacturing Sector

被引：66

作者：

Xu, Jian ^{[1
]}

Shang, Yue ^{[2
]}

Yu, Weizhen ^{[3
,4
]}

Liu, Feng ^{[5
]}

机构：

[1] Qingdao Agr Univ, Sch Management, Qingdao 266109, Shandong, Peoples R China

[2] Yantai Nanshan Univ, Business Coll, Yantai 265713, Peoples R China

[3] Zhejiang Shuren Univ, Sch Management, Hangzhou 310015, Zhejiang, Peoples R China

[4] Zhejiang Modern Serv Ind Res Ctr, Hangzhou 310015, Zhejiang, Peoples R China

[5] Korea Univ, Business Sch, Seoul 02841, South Korea

来源：

SUSTAINABILITY | 2019年 / 11卷 / 19期

关键词：

intellectual capital; technological innovation; firm performance; manufacturing listed companies; RESEARCH-AND-DEVELOPMENT; HUMAN-RESOURCE MANAGEMENT; FINANCIAL PERFORMANCE; MARKET VALUE; KNOWLEDGE MANAGEMENT; CAPABILITY EVIDENCE; EMPIRICAL-EVIDENCE; CORPORATE VALUE; IMPACT; COMPANY;

D O I：

10.3390/su11195328

中图分类号：

X [环境科学、安全科学];

学科分类号：

08 ; 0830 ;

摘要：

Intellectual capital (IC) is considered to be a main driver of organizational success in the knowledge economy. This study examines the impacts of three IC components, including human capital (HC), structural capital (SC), and relational capital (RC), on technological innovation and firm performance. Data are collected from 1112 manufacturing listed companies in China during 2013-17. Using partial least squares structural equation modeling (PLS-SEM), the results show that HC and SC exert a positive impact on firm performance while RC has a negative impact; SC has a positive influence on technological innovation while HC has a negative influence; technological innovation can enhance the firm's performance. In addition, technological innovation partially mediates the relationship between SC and firm performance. This study will bridge the gap in research by investigating the impacts of IC components on technological innovation and firm performance in developing countries.

引用

页数：16

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