Impact of Intellectual Capital on Firm Performance: the Influence of Innovation Capability and Environmental Dynamism
نویسندگان
چکیده
The business values of intellectual capital (IntC) and innovation capability (InnoC) are enduring research questions, especially for high-tech firms. Although each one has been recognized as a critical factor for firm’s competitiveness, few studies discussed the influence of IntC and InnoC on firm performance in one integrated framework. Moreover, the moderating effects of environmental dynamism on IntC or InnoC to firm performance were often neglected. This paper developed a research model to explain IntC’s impact on firm performance, with InnoC as a mediating variable and environmental dynamism as a moderating variable. Using a survey study conducted in high-tech firms in China, we tested the research model and found that InnoC partly mediate the effect of IntC on firm performance. Environmental dynamism moderates the relationship between structural capital, relational capital, InnoC, and operational performance, as well as between structural capital and financial performance.
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