Human capital, innovation and productivity in Colombian enterprises: a structural approach using instrumental variables

Ramírez, Simón; Gallego, Juan Miguel; Tamayo, Mery Patricia

doi:10.1080/10438599.2019.1664700

Cited by 29 publications

(16 citation statements)

References 48 publications

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“…High-quality talents have richer management experience (Timothy 2022), and can better exert the corporate brand value (He et al, 2020). Therefore, when there is a shortage of high-quality talent, it will have a serious impact on the innovation ability of enterprises and the upgrading of industrial structure (Wang M. et al, 2021), thereby reducing productivity (Ramirez et al, 2020).…”

Section: Literature Review and Mechanism Analysismentioning

confidence: 99%

Impact of air quality on enterprise productivity: Evidence from Chinese listed companies

Liu

Yang

Cai

2023

Front. Environ. Sci.

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We provide insights and innovative ideas for China to achieve green development and promote high-quality economic development by studying the impact of air quality on enterprise productivity. This paper uses data from 2008 to 2016 for A-share companies listed on the Shanghai and Shenzhen stock markets, as well as the levels of particulate matter under 2.5 μm in diameter for 214 major Chinese cities. At the same time, this paper innovatively applies regression discontinuity and the Spatial Durbin Model for empirical testing. Considering the endogeneity, we choose the air flow index as an instrumental variable and the generalized space two-stage least squares method for the endogenous test. Additionally, we use dynamic regression and different spatial weight matrix to conduct robustness tests and reselect data from 2008 to 2012 and 2013 to 2016 as samples. Moreover, we test corporate heterogeneity from three perspectives: pollutant type, firm equity, and an industry’s technological level. The results show that the deterioration of local air quality significantly inhibits firm productivity, while the spatial spillover effects of pollution from surrounding cities also have a significant dampening effect on firm productivity. This negative effect is transmitted through research and development innovation capacity, human capital, and government subsidies. This empirical evidence from listed companies can be used for evaluating air quality management to enhance enterprise productivity, as well as to provide policy recommendations for boosting firm productivity through improved air quality.

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Section: Literature Review and Mechanism Analysismentioning

confidence: 99%

Impact of air quality on enterprise productivity: Evidence from Chinese listed companies

Liu

Yang

Cai

2023

Front. Environ. Sci.

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“…In line with these results, the importance of workers' human capital in explaining productivity differences is also stressed (Syverson, 2011). Ramírez et al (2019) suggest that human capital has a causal effect on research and development (R&D), investment decisions, the innovation behaviour of the firm, and increases the labour productivity of the firm.…”

Section: Firm's Production Efficiency (Results Of Bns)mentioning

confidence: 65%

Impact of Technology Investment on Firm’s Production Efficiency Factor in Manufacturing

Novotná

Volek

Rost

et al. 2020

Journal of Business Economics and Management

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The goal of this paper is to investigate the impact of technology investments on production efficiency in manufacturing companies and how different these relationships are for low-technology and high-technology companies. The empirical part was based on the analysis of 2,848 large, small and medium-sized Czech companies by using Bayesian networks (BNs). The results show that technological investments have the greatest positive impact on the growth of labour productivity and on a decline in labour intensity in low technology enterprises. The technological investments have a positive impact on labour productivity growth in high-technology enterprises, but at the same time, the technological investments have an impact on the increase of labour intensity. On the contrary, the influence of investment growth was insignificant on the indicators of material and services intensity. Technologically intensive investments have a different impact on small, mediumsized and on large enterprises. The reaction of large companies depends on the category of technology intensity in contrast to small and medium-size enterprises.

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“…Restrepo et al (2019) highlight that in Colombia small and medium enterprises only manage to generate benefits in this sense when they make innovation efforts focused on creating new products for their market, but they are almost nil if it is about innovating through strategic alliances (R&D), highlighting that even companies that make imitations of products obtain benefits similar to those that invest in innovation. Specifically, the Colombian manufacturing industry based on R&Dinnovation has been making greater investments in methods as techniques for the selection and linking of more capable human capital, because the positive effect that people generate in the company for the development of new innovative processes such as the significant increase in labour productivity (Ramírez et al, 2019). Lamb et al (2013) and G alvez and García (2012) agree that scientific and technological development based on innovation directly influences the economic growth of the company, this is why it is necessary to structure corporate policies that encourage investment and concrete actions in CTþI, especially when product life cycles are increasingly shorter owing to the competitive growth generated by the globalization of markets.…”

Section: Theoretical Framework and Work Hypotheses 21 Importance Of Innovation In The Business Contextmentioning

confidence: 99%

Section: Theoretical Framework and Work Hypothesesmentioning

confidence: 99%

Innovation and patents as a business success factor

Garavito-Hernández

Galvis

2021

JEFAS

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Purpose The purpose of this paper is to expose the impact of innovation and patent registration, as a strategy that contributes to business success in the current competitive and globalized market conditions. Design/methodology/approach This paper presents a study on the innovation and contribution of the patent registry in the growth of economic sales of 1,746 companies in the Colombian manufacturing sector, whose applied methodology was a statistical correlation analysis and a binary logistic regression. Findings The results reveal a positive relationship among incremental product innovations with the achievement of sales success, although it is evident that patent registration negatively influences business success as a factor in innovation. Originality/value This study allows organizations to understand the importance of developing innovation processes and patent registration as a competitive factor that drives sales growth and success.

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Human capital, innovation and productivity in Colombian enterprises: a structural approach using instrumental variables

Cited by 29 publications

References 48 publications

Impact of air quality on enterprise productivity: Evidence from Chinese listed companies

Impact of air quality on enterprise productivity: Evidence from Chinese listed companies

Impact of Technology Investment on Firm’s Production Efficiency Factor in Manufacturing

Innovation and patents as a business success factor

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