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Measuring the impact of innovative human capital on small firms' propensity to innovate

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Show simple item record McGuirk, Helen Lenihan, Helena Hart, Mark 2017-02-03T10:18:46Z 2017-02-03T10:18:46Z 2015
dc.description peer-reviewed en_US
dc.description.abstract The ability to identify and evaluate the competitive advantage of employees' transferable and innovative characteristics is of importance to firms and policymakers. This research extends the standard measure of human capital by developing a unique and far reaching concept of Innovative Human Capital and emphasises its effect on small firm innovation and hence growth (jobs, sales and productivity). This new Innovative Human Capital concept encapsulates four elements: education, training, willingness to change in the workplace and job satisfaction to overcome the limitations of measurements used previously. An augmented innovation production function is used to test the hypothesis that small firms who employ managers with Innovative Human Capital are more likely to innovate. There is evidence from the results that Innovative Human Capital may be more valuable to small firms (i.e. less than 50 employees) than larger-sized firms (i.e. more than 50 employees). The research expands innovation theory to include the concept of Innovative Human Capital as a competitive advantage and determinant of small firm innovation; and distinguishes Innovative Human Capital as a significant concept to consider when creating public support programmes for small firms. (C) 2014 The Authors. Published by Elsevier B.V. en_US
dc.language.iso eng en_US
dc.publisher Elsevier en_US
dc.relation.ispartofseries Research Policy;44, pp. 965-976
dc.subject Innovation policy en_US
dc.subject Innovative Human Capital en_US
dc.subject Innovation production function en_US
dc.title Measuring the impact of innovative human capital on small firms' propensity to innovate en_US
dc.type info:eu-repo/semantics/article en_US
dc.type.supercollection all_ul_research en_US
dc.type.supercollection ul_published_reviewed en_US 2017-02-03T10:11:30Z
dc.description.version PUBLISHED
dc.identifier.doi 10.1016/j.respol.2014.11.008
dc.contributor.sponsor IRC en_US
dc.rights.accessrights info:eu-repo/semantics/openAccess en_US
dc.internal.rssid 1584811
dc.internal.copyrightchecked Yes
dc.identifier.journaltitle Research Policy
dc.description.status peer-reviewed

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