Abstract:

Developing successful radical innovations is a cornerstone in creating and sustaining firm competitive advantages in turbulent and changing environments. In this paper we propose a model of radical innovations from ‘an intellectual capital-based view’. In a sample of 251 Spanish technology-based manufacturing firms, we examine how human, organizational, technological, relational, and social capitals influence incremental and radical innovations. In general terms, results on direct effects show a greater positive influence of human capital on radical innovations than on incremental ones, being the opposite effect in the case organizational, technological, relational, and social capitals. Taking into account the moderating effect of human capital on the relationship between relational capital and radical innovations, results show an interesting negative moderating effect.