The U-Shaped Relationship between Intellectual Capital and Technological Innovation: A Perspective on Enterprise Ownership and the Moderating Effect of CSR

Promoting technological innovation is an essential issue for enterprises to maintain sustainable development in a highly competitive environment. Previous studies have focused on exploring the linear relationship between intellectual capital and technological innovation, ignoring the possibility of...

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Autores principales:	Zhenyang Zhang, Xinyuan Wang, Dongphil Chun
Formato:	article
Lenguaje:	EN
Publicado:	MDPI AG 2021
Materias:	intellectual capital human capital structural capital corporate social responsibility technological innovation enterprise ownership Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350
Acceso en línea:	https://doaj.org/article/747ce34695b643b19109d30757b5cbb4
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id	oai:doaj.org-article:747ce34695b643b19109d30757b5cbb4
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spelling	oai:doaj.org-article:747ce34695b643b19109d30757b5cbb42021-11-25T19:05:08ZThe U-Shaped Relationship between Intellectual Capital and Technological Innovation: A Perspective on Enterprise Ownership and the Moderating Effect of CSR10.3390/su1322128722071-1050https://doaj.org/article/747ce34695b643b19109d30757b5cbb42021-11-01T00:00:00Zhttps://www.mdpi.com/2071-1050/13/22/12872https://doaj.org/toc/2071-1050Promoting technological innovation is an essential issue for enterprises to maintain sustainable development in a highly competitive environment. Previous studies have focused on exploring the linear relationship between intellectual capital and technological innovation, ignoring the possibility of a non-linear relationship between them. This study draws on a dualistic view of intellectual capital and divides it into two elements: human capital and structural capital. Based on the factor endowment theory, we explored the non-linear relationship between intellectual capital and technological innovation, using the data of Chinese A-share listed companies from 2014 to 2019 as the sample, and then analyzed the moderating effect of corporate social responsibility (CSR) on their relationship. The results of the OLS regressions indicated a significant U-shaped relationship between intellectual capital and its elements on technological innovation. This means a “regressive” effect of low levels of intellectual capital on technological innovation and an “incremental” effect of high levels of intellectual capital on technological innovation. Improving CSR could positively enhance the U-shaped effect of intellectual capital on technological innovation. A further study found that the U-shaped effects of intellectual capital and human capital on technological innovation were still supported in state-owned and private enterprises. The U-shaped effect of structural capital on technological innovation was still supported in private enterprises but not in state-owned enterprises. This study explored the relationship between intellectual capital and technological innovation from a unique perspective. It provides a theoretical basis for enterprises to appropriately fulfill their social responsibility and actively promote technological innovation.Zhenyang ZhangXinyuan WangDongphil ChunMDPI AGarticleintellectual capitalhuman capitalstructural capitalcorporate social responsibilitytechnological innovationenterprise ownershipEnvironmental effects of industries and plantsTD194-195Renewable energy sourcesTJ807-830Environmental sciencesGE1-350ENSustainability, Vol 13, Iss 12872, p 12872 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	intellectual capital human capital structural capital corporate social responsibility technological innovation enterprise ownership Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350
spellingShingle	intellectual capital human capital structural capital corporate social responsibility technological innovation enterprise ownership Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350 Zhenyang Zhang Xinyuan Wang Dongphil Chun The U-Shaped Relationship between Intellectual Capital and Technological Innovation: A Perspective on Enterprise Ownership and the Moderating Effect of CSR
description	Promoting technological innovation is an essential issue for enterprises to maintain sustainable development in a highly competitive environment. Previous studies have focused on exploring the linear relationship between intellectual capital and technological innovation, ignoring the possibility of a non-linear relationship between them. This study draws on a dualistic view of intellectual capital and divides it into two elements: human capital and structural capital. Based on the factor endowment theory, we explored the non-linear relationship between intellectual capital and technological innovation, using the data of Chinese A-share listed companies from 2014 to 2019 as the sample, and then analyzed the moderating effect of corporate social responsibility (CSR) on their relationship. The results of the OLS regressions indicated a significant U-shaped relationship between intellectual capital and its elements on technological innovation. This means a “regressive” effect of low levels of intellectual capital on technological innovation and an “incremental” effect of high levels of intellectual capital on technological innovation. Improving CSR could positively enhance the U-shaped effect of intellectual capital on technological innovation. A further study found that the U-shaped effects of intellectual capital and human capital on technological innovation were still supported in state-owned and private enterprises. The U-shaped effect of structural capital on technological innovation was still supported in private enterprises but not in state-owned enterprises. This study explored the relationship between intellectual capital and technological innovation from a unique perspective. It provides a theoretical basis for enterprises to appropriately fulfill their social responsibility and actively promote technological innovation.
format	article
author	Zhenyang Zhang Xinyuan Wang Dongphil Chun
author_facet	Zhenyang Zhang Xinyuan Wang Dongphil Chun
author_sort	Zhenyang Zhang
title	The U-Shaped Relationship between Intellectual Capital and Technological Innovation: A Perspective on Enterprise Ownership and the Moderating Effect of CSR
title_short	The U-Shaped Relationship between Intellectual Capital and Technological Innovation: A Perspective on Enterprise Ownership and the Moderating Effect of CSR
title_full	The U-Shaped Relationship between Intellectual Capital and Technological Innovation: A Perspective on Enterprise Ownership and the Moderating Effect of CSR
title_fullStr	The U-Shaped Relationship between Intellectual Capital and Technological Innovation: A Perspective on Enterprise Ownership and the Moderating Effect of CSR
title_full_unstemmed	The U-Shaped Relationship between Intellectual Capital and Technological Innovation: A Perspective on Enterprise Ownership and the Moderating Effect of CSR
title_sort	u-shaped relationship between intellectual capital and technological innovation: a perspective on enterprise ownership and the moderating effect of csr
publisher	MDPI AG
publishDate	2021
url	https://doaj.org/article/747ce34695b643b19109d30757b5cbb4
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The U-Shaped Relationship between Intellectual Capital and Technological Innovation: A Perspective on Enterprise Ownership and the Moderating Effect of CSR

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