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Article

Nicolas Salvador Beltramino, Domingo Garcia-Perez-de-Lema and Luis Enrique Valdez-Juarez

The objective of this study is to analyze the influence of the intellectual capital of SMEs on innovation and organizational performance in the context of an emerging country.

Abstract

Purpose

The objective of this study is to analyze the influence of the intellectual capital of SMEs on innovation and organizational performance in the context of an emerging country.

Design/methodology/approach

The sample consisted of 259 industrial SMEs from the Cordoba, Argentina. The data were analyzed by partial least squares–structural equation modeling (PLS–SEM).

Findings

The study provides empirical evidence that the three components of intellectual capital generate positive and significant effects on innovation in processes and products. Structural capital is the component that has the greatest effect on innovation. It also showed a positive and significant relationship between innovation in processes and performance, contributing to the scarce empirical literature in the context of SMEs.

Research limitations/implications

The research exposes limitations that uncover a path for future. First, the work uses as the only source of information, the consultation at the highest level of the company. Second, the study covered only industrial companies. Future studies should focus on other sectors and countries.

Practical implications

The results may have important practical implications for SME owners and managers and offer a vision of the influence of intellectual capital on the innovative capacity of the organization.

Originality/value

The value of work lies in establishing the importance of intellectual capital in the environment of an emerging country such as Argentina, given the low level of knowledge that exists in this area.

Details

Journal of Intellectual Capital, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1469-1930

Keywords

Content available
Article

Lucas Bonacina Roldan, Peter Bent Hansen and Domingo Garcia-Perez-de-Lema

Innovation is today considered a competitive differential for improving the performance of companies, and technology parks are seen as environments with favorable…

Abstract

Purpose

Innovation is today considered a competitive differential for improving the performance of companies, and technology parks are seen as environments with favorable conditions for such innovation. The purpose of this study is to develop a framework for analyzing favorable conditions for innovation in technology parks, the innovations produced and organizational performance.

Design/methodology/approach

To this end, the authors conducted bibliographic research and in-depth interviews with managers of companies based at the Tecnopuc Science and Technology Park, and managers of the park itself, to establish practical support for previous theoretical findings.

Findings

As a result, a framework was developed to link the favorable conditions for innovation, and organizational performance.

Research limitations/implications

The analysis model proposed here synthesizes the contributions made by several scholars on the theme, allowing for a more detailed and integrated interpretation of the phenomenon, namely, the ways through which the effective development of innovation takes place in companies residing in technology parks and the contribution of innovation to the specific performance of companies.

Practical implications

The use of the proposed framework can help direct park managers’ action towards those relationships or activities that prove to be ineffective in achieving desired goals.

Originality/value

The use of the proposed model in empirical surveys will allow for better understanding of the phenomenon involving the features of technology parks and their effects on innovation and the performance of companies installed there, considering that such parks allow them to access resources with lower transaction costs.

Details

Innovation & Management Review, vol. 15 no. 3
Type: Research Article
ISSN: 2515-8961

Keywords

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Article

Nicolás Salvador Beltramino, Domingo García-Perez-de-Lema and Luis Enrique Valdez-Juárez

The objective of this study is to analyze the influence of the structural capital of SMEs in the capacity of innovation and organizational performance, in the context of…

Abstract

Purpose

The objective of this study is to analyze the influence of the structural capital of SMEs in the capacity of innovation and organizational performance, in the context of an emerging country.

Design/methodology/approach

The sample consisted of 259 industrial SMEs from the province of Córdoba Argentina. The data was analyzed by Partial Least Squares Structural Equation Modeling (PLS–SEM).

Findings

The study provided evidence that acquisition of information and knowledge management, organizational culture and structure, systems and processes have positive and significant effects on the innovation capacity of SMEs. Only the communication and cohesion component did not show positive and significant results on it. It also showed a positive and significant relationship between the capacity for innovation in processes and performance, contributing to the scarce empirical literature in the context of SMEs.

Research limitations/implications

The research exposes some limitations that uncover a path for the development of future lines of research. In the first place, the work focuses on the use of a single source of information, the consultation at the managerial level of the company, without considering other representative variables to measure the capacity for innovation. Second, the study covered only companies in the industrial sector and country. Future studies should focus on other sectors and countries.

Practical implications

The results of the study can have important practical implications for the owners and managers of SMEs. The results offer a vision of the dimensions of structural capital that most influence the innovative capacity of the organization. This is especially useful given that in the context of Argentina there is a low level of knowledge and structural capital is key to being more competitive. The managers of SMEs can thus increase the innovative potential of the company and favor the acquisition of information and knowledge and improve its processes and systems to contribute to the development of innovation capabilities to make SMEs more competitive.

Social implications

The results obtained can be useful for those responsible for making public policy decisions, since in the knowledge of the economy to maintain a developed state and nation, it is necessary to include as one of the main issues on the national agenda the improvement of intellectual capital of its people to promote the competitiveness of companies.

Originality/value

The research contributes to the development of intellectual capital literature focused on the generation of innovation and performance in the perspective of SMEs in emerging countries.

Details

Journal of Intellectual Capital, vol. 21 no. 6
Type: Research Article
ISSN: 1469-1930

Keywords

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Article

Monica Garcia-Solarte, Domingo Garcia-Perez de Lema and Antonia Madrid-Guijarro

This study aims to empirically identify the relationship between gender diversity and organizational leadership.

Abstract

Purpose

This study aims to empirically identify the relationship between gender diversity and organizational leadership.

Design/methodology/approach

A multifactor questionnaire, Form 6-S, developed by Bass and Avolio (1992), is used to measure leadership. The results are derived from univariate and multivariate analyses conducted through ordinary least square linear regression. This study uses a base consisting of 142 small and medium enterprises in Cali (Colombia); men manage 111 of which, whereas women manage 31. The data came from a project performed by the Humanism and Management research group of the Administration Sciences Department of Valley University (Universidad del Valle). Fieldwork was conducted between November 2013 and April 2014.

Findings

The results show that companies with greater gender diversity (mostly women on the board of directors and in management) develop a transformational organizational style orientated towards organizational change through the transformation of followers.

Originality/value

There is no previous study combining these variables in Colombian context.

Details

Gender in Management: An International Journal, vol. 33 no. 6
Type: Research Article
ISSN: 1754-2413

Keywords

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Article

Antonia Madrid-Guijarro, Domingo García-Pérez-de-Lema and Howard Van Auken

The purpose of this paper is to provide a better understanding of the determinants of small and medium-sized enterprises (SME) financing constraints and their impacts on…

Abstract

Purpose

The purpose of this paper is to provide a better understanding of the determinants of small and medium-sized enterprises (SME) financing constraints and their impacts on investments in innovation. To explicate these factors, the authors use a general definition of innovation, distinguishing between product and process innovations, and highlight the role played by banking relationships.

Design/methodology/approach

On the basis of a literature review covering works specializing in innovation, financing constraints, and SME characteristics, a quantitative study is carried out in Spain, using a sample composed by 267 Spanish SMEs. Information was gathered by applying surveys addressed to the firm managers.

Findings

The findings reveal that financing constraints hinder innovation among Spanish SMEs functioning in hostile environments, though long-term banking relationships can moderate these financing constraints. The longer the duration of a firm’s banking relationship, the fewer financing constraints it faces, because the relationship significantly reduces information asymmetry.

Practical implications

To reduce financing constraints on their innovation, SMEs should establish long relationships and low debt concentration with their main bank. The more banks a firm works with, the greater its financing constraints. The findings have managerial implications, not just for firms but also for government policymakers and providers of consulting services.

Originality/value

This paper provides an in-depth analysis of the factors that affect innovation, along with insights into which financing constraints limit innovation during a severe recession.

Propósito

Este trabajo profundiza en los determinantes de las restricciones financieras en las PYMEs y su impacto en la inversion en innovación durante una época de crisis económica. Para explicar estos factores, se ha utilizado una definición general de innovación distinguiendo las innovaciones en productos y procesos, y considerando el papel desempeñado por las relaciones bancarias.

Diseño/metodología/enfoque

Sobre la base de la revisión de la literature donde se encuentran trabajos centrados en innovación, restricciones financieras y características en la PYME, llevamos a cabo un análisis cuantitativo en España usando una muestra de 267 empresas españolas. La información se recopila a través de una encuesta al gerente de la empresa.

Resultados

Los resultados muestran que las restricciones financieras perjudican la innovación en las PYMEs que se encuentran en entornos hostiles, aunque es destacable que las relaciones bancarias de larga duración pueden atenuar estos efectos. Cuanto más sólida, en términos de tiempo, sea la relación con la entidad financiera principal, menores restricciones financieras tendrá la empresa puesto que esta relación disminuye significativamente los problemas de información asimétrica entre los agentes.

Implicaciones prácticas

Para reducir los efectos perversos de las restricciones financieras sobre la innovación en la PYME, la empresa debería construir relaciones bancarias de larga duración y mantener una baja concentración de las deudas con el banco principal. Por otra parte, cuanto mayor es el número de bancos con el que la empresa trabaja mayores son las restricciones financieras a las que se enfrenta cuando se plantea inversions en innovación. Estos resultados tienen importantes implicaciones tanto para los empresarios, como para los agentes políticos dinamizadores de la economía y los consultores de empresas.

Originalidad/valor

Este trabajo realiza un análisis en profundidad de los factores que afectan a la innovación en la PYME, junto con ideas sobre cómo las restricciones financieras están afectando a la innovación durante una crisis económica severa.

Details

Academia Revista Latinoamericana de Administración, vol. 29 no. 1
Type: Research Article
ISSN: 1012-8255

Keywords

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Article

Mario Rosique-Blasco, Antonia Madrid-Guijarro and Domingo García-Pérez-de-Lema

The aim of this paper is to explore how entrepreneurial skills (such as creativity, proactivity, and risk tolerance) and socio-cultural factors (such as role model and…

Abstract

Purpose

The aim of this paper is to explore how entrepreneurial skills (such as creativity, proactivity, and risk tolerance) and socio-cultural factors (such as role model and businessman image) affect secondary education students’ propensity towards entrepreneurial options in their future careers.

Design/methodology/approach

A sample of secondary education students in the Region of Murcia (Spain) has been used. Data were collected through questionnaires and analysed using logit estimation. Confirmatory Factorial Analysis (CFA) was used to validate the measures.

Findings

The results of this research study show that both the skills and socio-cultural factors positively affect entrepreneurial intention of secondary education students. Creativity, proactivity and risk taking promote entrepreneurial career. In addition, those students whose role model is an entrepreneur and have a better understanding of him or her, show a greater propensity towards entrepreneurial career.

Originality/value

The contribution to the literature on entrepreneurship is twofold. Firstly, although there are studies focused on identifying the entrepreneurial profile of university students, there is a paucity of empirical evidence relating to entrepreneurial skills at earlier stages of learning. This paper sets out to bridge this research gap. Secondly, evidence of the importance of socio-cultural factors, role models and entrepreneurial image upon the career orientation of secondary education students is identified and empirically verified. These findings involve are useful in practice, in aiding the design of better and more relevant education programs at early learning stages.

Details

Education + Training , vol. 58 no. 7/8
Type: Research Article
ISSN: 0040-0912

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Article

Ester Gras‐Gil, Salvador Marin‐Hernandez and Domingo Garcia‐Perez de Lema

The purpose of this paper is to examine the relationship between a firm's internal audit function (IAF) and the quality of its financial reporting. Since regulations on…

Abstract

Purpose

The purpose of this paper is to examine the relationship between a firm's internal audit function (IAF) and the quality of its financial reporting. Since regulations on corporate governance were introduced, numerous national and international bodies have emphasized the fundamental role of the IAF in the financial reporting process, especially since it generally leads to higher quality reporting.

Design/methodology/approach

The paper uses questionnaires sent to internal audit directors of Spanish banks.

Findings

Banks with high quality financial reporting have greater collaboration between internal and external auditors in the annual audit. Greater involvement of internal audit in reviewing financial reporting leads to improved quality financial reporting.

Research limitations/implications

Besides the usual caveats of survey research, there are limitations to this study. First, the problem of response bias may exist. Second, the 66 per cent survey response rate may mean that respondents have larger or better‐developed internal audit functions, affording them more opportunity or motivation to respond to the survey. Hence, the results obtained through the survey may not be generalizable to non‐respondents.

Practical implications

The findings are relevant for bank regulators, management, boards of directors, and investors. In the current discussion on transparency, integrity and quality of financial reporting, these findings help define the issues.

Originality/value

Previous empirical studies analyse the quality of financial reporting with actors in the corporate governance mosaic (board of directors, audit committee and external audit), but they do not do so directly with the IAF. This paper extends prior banking literature that analyses quality financial reporting along with other variables, but not internal audit.

Details

Managerial Auditing Journal, vol. 27 no. 8
Type: Research Article
ISSN: 0268-6902

Keywords

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Article

Domingo García Pérez de Lema and Antonio Duréndez

The aim of the present study is to test the main differences between private small/medium‐sized family businesses and non‐family businesses with regard to management…

Abstract

Purpose

The aim of the present study is to test the main differences between private small/medium‐sized family businesses and non‐family businesses with regard to management variables such as: strategy, strategic planning, manager's training and professionalism and financial techniques implementation.

Design/methodology/approach

In this empirical research, we use a sample of 639 small and medium‐sized industrial firms, distributed in 456 family and 183 non‐family firms, with the intention of determining whether family SMEs possess specific structural characteristics distinct from non‐family ones. The data collection technique used was a questionnaire obtained from a postal survey, and addressed to the manager of the company.

Findings

Results show that managers of family firms use some management tools such as management accounting systems and cash budgets for the decision making process and also give less importance to strategic planning and personnel training programmes as a competitiveness factor.

Research limitations/implications

There is a need for additional research because the findings indicate that there are different managerial behaviours between family and non‐family firms, but we need to corroborate and look for the basis of such differences, in order to address what the advantages and disadvantages of family firms are.

Practical implications

The results lead us to support the need for family firms to focus on “management development”, which should be understood as the general enhancement and growth of management skills through a learning process.

Originality/value

The paper contributes with new empirical evidence about the management function in family businesses. It is also expected that the results of the study help policy makers to make further efforts facilitating the progress of family firms, knowing they are the real engine driving and contributing to welfare of developed economies.

Details

International Journal of Entrepreneurial Behavior & Research, vol. 13 no. 3
Type: Research Article
ISSN: 1355-2554

Keywords

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