We explore the relationship between human capital and ﬁrms’ innovation in emerging economies. Most papers consider the formal knowledge developed in R&D laboratories as a major source of innovation. However, a critical portion of knowledge required for innovation resides in human resources and is created outside any formalised R&D activity. We consider that, to improve their technological capabilities, ﬁrms should invest in diﬀerent forms of human capital, namely highly educated workforce and experienced managers, but also in strategic human resource (HR) practices aimed at developing human capital by increasing employees’ ﬁrm-speciﬁc technical skills and competences. Besides looking at the type of innovation outcomes, we place greater emphasis on the strategies of innovation development, as these should signal an improved ﬁrms’ ability, not just to innovate, but to put their own creative eﬀort in the development of innovation. Our results contrast with the traditional view of ﬁrms in emerging economies as mainly relying on the external acquisition of innovations, by showing their actual ability to develop new technologies. In this respect, HR practices aimed at fostering employees’ learning and autonomy at work appear more important than the educational attainment of workers, whilst the experience of managers does not seem eﬀective.
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|Titolo:||Human capital and firms’ innovation: evidence from emerging economies|
|Data di pubblicazione:||2019|
|Appare nelle tipologie:||1.1 Articolo in rivista|