Intellectual capital as competitive advantage in emerging clusters in Latin America

Journal of Intellectual Capital

Volumn 13, Issue 4, 2012, Pages 462-481

  Jardon, Carlos M ^a   Martos, Maria Susana ^a  

^a UNIVERSITY OF VIGO   (Spain)

Author keywords

Business performance; Emerging clusters; Firm performance; Human capital; Intellectual capital; Relational capital; Small to medium sized enterprises; Structural capital; Survival SMEs

Indexed keywords

EID: 84867430246     PISSN: 14691930     EISSN: None     Source Type: Journal    
DOI: 10.1108/14691931211276098     Document Type: Article

References (84)

1. Altenburg, T. and Meyer-Stamer, J. (1999), "How to promote clusters: policy experiences from Latin America" in World Development, Vol. 27, No. 9, pp. 1693-713.
2. Anand, J., Brenes, E.R., Karnani, A. and Rodriquez, A. (2006), "Strategic responses to economic liberalization in emerging economies: lessons from experience" in Journal of Business Research, Vol. 59, No. 3, pp. 365-71.
3. Balakrishnan, S. and Fox, I. (1993), "Asset specificity" in Firm Heterogeneity and Capital Structure. Strategic Management Journal, Vol. 14, No. 1, pp. 3-16.
4. Barney, J. (1996), "The resource-based theory of the firm" in Organization Science, Vol. 7, No. 5, pp. 469-87.
5. Bontis, N. (2001), "Assessing knowledge assets: a review of the models used to measure intellectual capital" in International Journal of Management Reviews, Vol. 3, No. 1, pp. 41-60.
6. Bontis, N. and Fitz-Enz, J. (2002), "Intellectual capital ROI: a causal map of human capital antecedents and consequents" in Journal of Intellectual Capital, Vol. 3, No. 3, pp. 223-47.
7. Bontis, N., Keow, W.C. and Richardson, S. (2000), "Intellectual capital and business performance in Malaysian industries" in Journal of Intellectual Capital, Vol. 1, No. 1, pp. 85-100.
8. Brennan, L. and Garvey, D. (2009), "The role of knowledge in internationalization" in Research in International Business and Finance, Vol. 23, No. 2, pp. 120-33.
9. Brenes, E.R., Haar, J. and Requena, B. (2009), "Latin America: environmental and firm-level challenges" in Journal of Business Research, Vol. 62, No. 9, pp. 849-53.
10. Bueno, E., Salmador, M.P. and Rodríguez, Ó. (2004), "The role of social capital in today's economy: empirical evidence and proposal of a new model of intellectual capital" in Journal of Intellectual Capital, Vol. 5, No. 4, pp. 556-74.
11. Calvo, G.A. (2005), Emerging Capital Markets in Turmoil: Bad Luck or Bad Policy?, MIT Press, Cambridge, MA.
12. Carson, D. and Gilmore, A. (2000), "SME marketing management competencies" in International Business Review, Vol. 9, No. 3, pp. 363-82.
13. Chen, M.-C., Cheng, S.-J. and Hwang, Y. (2005), "An empirical investigation of the relationship between intellectual capital and firms' market value and financial performance" in Journal of Intellectual Capital, Vol. 6, No. 2, pp. 159-76.
14. Chin, W. (1998), "The partial least squares approach to structural equation model" in Marcoulides, G.A. (Ed.), Modern Methods for Business Research, Lawrence Erlbaum Associates Publisher, Mahwah, NJ, London, pp. 295-336.
15. Clarke, M., Seng, D. and Whiting, R.H. (2011), "Intellectual capital and firm performance in Australia" in Journal of Intellectual Capital, Vol. 12, No. 4, pp. 505-30.
16. Covin, J., Prescott, J. and Slevin, D. (1990), "The effects of technological sophistication on strategic profiles, structure and firm performance" in The Journal of Management Studies, Vol. 27, No. 5, pp. 485-510.
17. Cronbach, L.J. (1951), "Coefficient alpha and the internal structure of tests" in Psychometrika, Vol. 16, No. 3, pp. 297-334.
18. Darroch, J. (2005), "Knowledge management, innovation and firm performance" in Journal of Knowledge Management, Vol. 9, No. 3, pp. 101-15.
19. Deshpande, S. and Golhar, D. (1994), "HRM practice in large and small manufacturing firms: a comparative study" in Journal of Small Business Management, Vol. 32, No. 2, pp. 49-56.
20. Edvinsson, L. and Malone, M.S. (1997), Intellectual Capital: Realizing Your Company's True Value by Finding Its Hidden Roots, Harper Business, New York, NY.
21. Efron, B. (1979), "Bootstrap methods: another look at the jackknife" in Annals of Statistics, Vol. 7, No. 1, pp. 1-26.
22. F-Jardón, C.M. (2011), "Deployment of core competencies to obtain success in SMEs", No. WP1106, Departamento de Economía Aplicada, Universidade de Vigo, available at:.
23. García-Morales, V.J., Jiménez-Barrionuevo, M.M. and Gutiérrez-Gutiérrez, L. (2011), "Transformational leadership influence on organizational performance through organizational learning and innovation" in Journal of Business Research, Vol. 66, No. 7, pp. 1040-50.
24. Gatto, F. (1999), "Mercosur: its challenges to small and medium-sized industrial enterprises in terms of competition" in CEPAL Review, Vol. 68, pp. 61-77, August, pp.
25. Grant, R. (2005), Contemporary Strategy Analysis, 5th ed., Blackwell, Oxford.
26. Halim, S. (2010), "Statistical analysis on the intellectual capital statement" in Journal of Intellectual Capital, Vol. 11, No. 1, pp. 61-73.
27. Harvey, M. and Wendel, C. (2006), SME Scoring: Key Initiatives, Opportunities and Issues, Boletin World Bank, Washington, DC, No. 38995.
28. Hatch, N. and Dyer, J. (2004), "Human capital and learning as a source of sustainable competitive advantage" in Strategic Management Journal, Vol. 25, N12, pp. 1155-78.
29. Helfat, C. (1994), "Firm-specifity in corporate applied R&D" in Organization Science, Vol. 5, No. 2, pp. 173-84.
30. Helfat, C.E. and Lieberman, M. (2002), "The birth of capabilities: market entry and the importance of prehistory" in Industrial and Corporate Change, Vol. 11, No. 4, pp. 725-60.
31. Hornsby, J. and Kuratko, D. (2003), "Human resource management in US small businesses: a replication and extension" in Journal of Developmental Entrepreneurshi, Vol. 8, No. 1, pp. 73-92.
32. Ireland, R.D. and Webba, J.W. (2007), "Strategic entrepreneurship: creating competitive advantage through streams of innovation" in Business Horizons, Vol. 50, No. 1, pp. 49-59.
33. Jardón, C.M., Gutawski, R.S., Martos, M.S., Aguilar, C.A. and Barajas, A. (2007), La Cadena de la Madera en el Departamento de Oberá (Misiones), Universidad Nacional de Misiones (EDUNAM), Posadas.
34. Jardon, C. and Martos, M. (2009), "Intellectual capital and performance in wood industries of Argentine" in Journal of Intellectual Capital, Vol. 10, No. 4, pp. 600-16.
35. Johnson, W.H.A. (2002), "Leveraging intellectual capital through product and process management of human capital" in Journal of Intellectual Capital, Vol. 3, No. 4, pp. 415-29.
36. Kamukama, N., Ahiauzu, A. and Ntayi, J.M. (2011), "Competitive advantage: mediator of intellectual capital and performance" in Journal of Intellectual Capital, Vol. 12, No. 1, pp. 152-64.
37. Kantis, H. (1996), Inercia e innovación en las conductas estratégicas de las Pymes argentinas: elementos conceptuales y evidencias empíricas, Buenos Aires, documento de trabajo N73, Oficina de la CEPAL en Buenos Aires.
38. Kaplan, R.S. and Norton, D.P. (1993), "Putting the balanced scorecard to work" in Harvard Business Review, Vol. 71, No. 5, pp. 134-42.
39. Katchova, A. (2010), "Structural changes in US agriculture: financial performance of farms in transition", paper prepared for 114th EAAE, Berlin, 15-16 April.
40. Kim, D.J. and Kogut, B. (1996), "Technological platforms and diversification" in Organization Science, Vol. 7, No. 3, pp. 283-301.
41. Klofsten, M. and Scheele, J. (2003), "Innovation and small business in the third world" in International Small Business Journal, Vol. 21, No. 3, pp. 354-7.
42. Kotler, P. (1999), Marketing Management: The Millennium Edition, Prentice Hall, New York, NY.
43. Labarca, G. (1999), "Training and the small enterprises of Latin America" in CEPAL Review, Vol. 67, pp. 33-48, April, pp.
44. Malhotra, N. (1981), "A scale to measure self concepts and product concepts" in Journal of Marketing Research, Vol. 18, No. 4, pp. 456-64.
45. Maloney, W.F., Manzano, O. and Warner, A. (2002), "Missed opportunities: innovation and resource-based growth in Latin America" in Economi{dotless}a, Vol. 3, No. 1, pp. 111-67.
46. Martín-de-Castro, G., Navas-López, J.E., López-Sáez, P. and Alama-Salazar, E. (2006), "Organizational capital as competitive advantage of the firm" in Journal of Intellectual Capital, Vol. 7, No. 3, pp. 324-37.
47. Martos, M. and Jardón, C. (2008), "Capital intelectual Y resultados empresariales en la Cadena de la Madera de Oberá (Argentina)" in Estudios De Economi{dotless}a Aplicada, Vol. 26, No. 3, pp. 1-32.
48. Mata, F.J., Fuerst, W.L. and Barney, J.B. (1995), "Information technology and sustained competitive advantage: a resource-based analysis" in Mis Quarterly, Vol. 19, No. 4, pp. 487-505.
49. MERNRyT (2003), Primer Compendio Cuatrienal Estadi{dotless}stico Sobre el sector Foresto Industria de la Provincia de Misiones, Ministerio de Ecología, R.N.R. y Turismo, Posadas, Misiones.
50. Narver, J. and Slater, S. (1990), "The effect of a market orientation on business profitability" in Journal of Marketing, Vol. 54, No. 4, pp. 20-35.
51. Newbold, P., Carlson, W. and Thorne, B. (2002), Statistics for Business and Economics, Prentice Hall, New York, NY, 5th ed.
52. Nonaka, I. and Takeouchi, H. (1995), The Knowledge-Creating Company, Oxford University Press, New York, NY.
53. Nunnelly, J.C. (1978), Psycometric Theory, McGraw Hill, New York, NY, 2nd ed.
54. Ordóñez de Pablos, P. (2004), "Measuring and reporting structural capital: lessons from European learning firms" in Journal of Intellectual Capital, Vol. 5, No. 4, pp. 629-47.
55. Pelham, A. (1997), "Mediating influences on the relationship between market orientation and profitability in small industrial firms" in Journal of Marketing Theory and Practice, Vol. 5, No. 3, pp. 55-76.
56. Peres, W. and Stumpo, G. (2000), "Small and medium-sized manufacturing enterprises in Latin America and the Caribbean under the new economic model" in World Development, Vol. 28, No. 9, pp. 1643-55.
57. Pfeffer, J. (2005), "Producing sustainable competitive advantage through the effective management of people" in The Academy of Management Executive, Vol. 19, No. 4, pp. 95-108.
58. Porter, M. (1985), Competitive Advantage, The Free Press, New York, NY.
59. Prahalad, C. and Hamel, G. (1991), "The core competence of the corporation" in Harvard Business Review, Vol. 68, No. 3, pp. 79-91.
60. Rangone, A. (1999), "A resource-based approach to strategy analysis in small-medium sized enterprises" in Small Business Economics, Vol. 12, No. 3, pp. 233-48.
61. Ringle, C., Wende, S. and Will, S. (2005), "SmartPLS 2.0 (M3) beta", Recuperado el 12 de 05 de 2012, de, Smart PLS Hamburg, available at:.
62. Ritchie, B. and Brindley, C. (2005), "Cultural determinants of competitiveness within SMEs" in Journal of Small Business and Enterprise Development, Vol. 12, No. 1, pp. 104-19.
63. Schmitz, H. and Nadvi, K. (1999), "Clustering and industrialization: introduction" in World Development, Vol. 27, No. 9, pp. 1503-14.
64. Spillan, J. and Parnell, J. (2006), "Marketing resources and firm performance among SMEs" in European Management Journal, Vol. 24, Nos 2-3, pp. 236-45.
65. Spillan, J. and Ziemnowicz, C. (2003), "Strategic management in small retail business: the case of Guatemala" in International Small Business Journal, Vol. 21, No. 4, pp. 461-75.
66. Sveiby, K.E. (1998), "Measuring intangibles and intellectual capital - an emerging first standard", Recuperado el 4 de 10 de 2007, de Sveiby knowledges associates, available at:.
67. Sveiby, K.-E. (2001), "A knowledge-based theory of the firm to guide in strategy formulation" in Journal of Intellectual Capital, Vol. 2, No. 4, pp. 344-58.
68. Teach, R. (1990), "Entrepreneurship and marketing: the pricing and distribution link to success" in Hills, En G., Laforge, R. and Welsch, H. (Eds.), Research At The Marketing/Entrepreneurship Interface, The University Of Illinois at Chicago, Chicago, IL, pp. 351-6.
69. Tokman, V. and Martinez, D. (1999), "Labour costs and competitiveness in the Latin American manufacturing sector, 1990-1998" in CEPAL Review, Vol. 69, pp. 53-70, December, pp.
70. Tovstiga, G. and Tulugurova, E. (2009), "Intellectual capital practices: a four-region comparative study" in Journal of Intellectual Capital, Vol. 10, No. 1, pp. 70-80.
71. Valmohammadi, C. and Servati, A. (2011), "Performance measurement system implementation using balanced scorecard and statistical methods" in International Journal of Productivity and Performance Management, Vol. 60, No. 5, pp. 493-511.
72. Vázquez Barquero, A. (1999), "Inward investment and endogenous development" in The Convergence of The Strategies of Large Firms and Territories? Entrepreuneurship & Regional Development, Vol. 11, No. 1, pp. 79-93.
73. Vergauwen, P. (2007), "Intellectual capital disclosure and intangible value drivers: an empirical study" in Management Decision, Vol. 45, No. 7, pp. 1163-80.
74. Wagner, S. (2006), "A firm's responses to deficient suppliers and competitive advantage" in Journal of Business Research, Vol. 59, No. 6, pp. 686-95.
75. Wang, W. and Chang, C. (2005), "Intellectual capital and performance in causal models" in Journal of Intellectual Capital, Vol. 6, No. 2, pp. 222-36, Evidence from the Information Technology Industry in Taiwan.
76. Welbourne, T.M. and Pardo-del-Val, M. (2008), "Relational capital: strategic advantage for small and medium-size enterprises (smes) through negotiation and collaboration" in Group Decision and Negotiation, Vol. 18, No. 5, pp. 483-97.
77. Wilkinson, A. (1999), "Employment relations in SMEs" in Employment Relations, Vol. 21, No. 3, pp. 206-17.
78. World Bank (2008), Doing Business, World Bank, Washington, DC.
79. Wu, Y.C. and Chou, Y.H. (2007), "A new look at logistics business performance: intellectual capital perspective" in The International Journal of Logistics Management, Vol. 18, No. 1, pp. 41-63.
80. Zahra, S.A. and Das, S.R. (1993), "Building competitive advantage on manufacturing resources" in Long Range Planning, Vol. 26, No. 2, pp. 90-7.
81. Zambaldi, F., Aranha, F., Lopes, H. and Politi, R. (2011), "Credit granting to small firms: a Brazilian case" in Journal of Business Research, Vol. 64, No. 3, pp. 309-15.
82. Zevallos, E. (2003), "Micro, small and medium-sized enterprises in Latin America" in CEPAL Review, No. 79, pp. 53-70.
83. Schumpeter, J. (1934), The Theory of Economic Development, Harvard University Press, Cambridge, MA.
84. Seleim, A.A.S. and Khalil, O.E.M. (2011), "Understanding the knowledge management-intellectual capital relationship: a two-way analysis" in Journal of Intellectual Capital, Vol. 12, No. 4, pp. 586-614.