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Article: Intellectual Capital, Innovation, and Performance in Construction Contracting Firms

TitleIntellectual Capital, Innovation, and Performance in Construction Contracting Firms
Authors
KeywordsConstruction firms
Exploitative innovation
Exploratory innovation
Firm performance (FP)
Intellectual capital (IC)
Issue Date2021
PublisherAmerican Society of Civil Engineers. The Journal's web site is located at http://www.pubs.asce.org/journals/me.html
Citation
Journal of Management in Engineering, 2021, v. 37 n. 1, p. article no. 04020097 How to Cite?
AbstractThe accumulation of intangible assets in the form of intellectual capital (IC) has been recognized to be significant for a firm’s competitiveness. The strategic significance of knowledge for construction contractors, as knowledge-intensive firms, cannot be overemphasized. However, there is a limited number of studies that explore the IC–firm performance (FP) linkage with a focus on construction firms. This study explores the link between IC and FP in construction contracting firms. It also proposes exploratory and exploitative innovation as the mechanisms through which IC evolves to affect FP. The hypotheses linking IC, innovation, and FP are tested with survey data from 135 managers in construction contracting firms in Hong Kong. The results of partial least squares structural equation modeling show that human capital, social capital, and relational capital directly influence FP, but organizational capital does not. Exploratory innovation shows a mix of full and partial mediating effects in the relationships between IC dimensions (except human capital) and FP. In contrast, exploitative innovation plays no mediating role in linking IC with FP. This study has advanced discussions on the effects of IC on FP by examining exploratory and exploitative innovation as the black box elements through which IC is translated into FP. It also makes a novel contextual contribution to the IC–FP literature by exploring their interrelationships in the context of construction contracting firms.
Persistent Identifierhttp://hdl.handle.net/10722/289479
ISSN
2023 Impact Factor: 5.3
2023 SCImago Journal Rankings: 1.475
ISI Accession Number ID

 

DC FieldValueLanguage
dc.contributor.authorDuodu, B-
dc.contributor.authorRowlinson, S-
dc.date.accessioned2020-10-22T08:13:16Z-
dc.date.available2020-10-22T08:13:16Z-
dc.date.issued2021-
dc.identifier.citationJournal of Management in Engineering, 2021, v. 37 n. 1, p. article no. 04020097-
dc.identifier.issn0742-597X-
dc.identifier.urihttp://hdl.handle.net/10722/289479-
dc.description.abstractThe accumulation of intangible assets in the form of intellectual capital (IC) has been recognized to be significant for a firm’s competitiveness. The strategic significance of knowledge for construction contractors, as knowledge-intensive firms, cannot be overemphasized. However, there is a limited number of studies that explore the IC–firm performance (FP) linkage with a focus on construction firms. This study explores the link between IC and FP in construction contracting firms. It also proposes exploratory and exploitative innovation as the mechanisms through which IC evolves to affect FP. The hypotheses linking IC, innovation, and FP are tested with survey data from 135 managers in construction contracting firms in Hong Kong. The results of partial least squares structural equation modeling show that human capital, social capital, and relational capital directly influence FP, but organizational capital does not. Exploratory innovation shows a mix of full and partial mediating effects in the relationships between IC dimensions (except human capital) and FP. In contrast, exploitative innovation plays no mediating role in linking IC with FP. This study has advanced discussions on the effects of IC on FP by examining exploratory and exploitative innovation as the black box elements through which IC is translated into FP. It also makes a novel contextual contribution to the IC–FP literature by exploring their interrelationships in the context of construction contracting firms.-
dc.languageeng-
dc.publisherAmerican Society of Civil Engineers. The Journal's web site is located at http://www.pubs.asce.org/journals/me.html-
dc.relation.ispartofJournal of Management in Engineering-
dc.rightsJournal of Management in Engineering. Copyright © American Society of Civil Engineers.-
dc.rightsThis material may be downloaded for personal use only. Any other use requires prior permission of the American Society of Civil Engineers. This material may be found at [URL/link of abstract in the ASCE Library or Civil Engineering Database].-
dc.subjectConstruction firms-
dc.subjectExploitative innovation-
dc.subjectExploratory innovation-
dc.subjectFirm performance (FP)-
dc.subjectIntellectual capital (IC)-
dc.titleIntellectual Capital, Innovation, and Performance in Construction Contracting Firms-
dc.typeArticle-
dc.identifier.emailRowlinson, S: hrecsmr@hku.hk-
dc.identifier.authorityRowlinson, S=rp01020-
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1061/(ASCE)ME.1943-5479.0000864-
dc.identifier.scopuseid_2-s2.0-85092663201-
dc.identifier.hkuros316908-
dc.identifier.hkuros316174-
dc.identifier.volume37-
dc.identifier.issue1-
dc.identifier.spagearticle no. 04020097-
dc.identifier.epagearticle no. 04020097-
dc.identifier.isiWOS:000672291600017-
dc.publisher.placeUnited States-
dc.identifier.issnl0742-597X-

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