Complementarities in innovation strategy: Do intangibles play a role in enhancing firm performance?

  1. Higón, D.A. 2
  2. Gómez, J. 1
  3. Vargas, P. 1
  1. 1 Universidad de La Rioja

    Universidad de La Rioja

    Logroño, España


  2. 2 Universitat de València

    Universitat de València

    Valencia, España


Industrial and Corporate Change

ISSN: 0960-6491

Year of publication: 2017

Volume: 26

Issue: 5

Pages: 865-886

Type: Article

DOI: 10.1093/ICC/DTW055 SCOPUS: 2-s2.0-85038002066 WoS: WOS:000412845800007 GOOGLE SCHOLAR

More publications in: Industrial and Corporate Change


Cited by

  • Scopus Cited by: 19 (07-05-2023)
  • Web of Science Cited by: 12 (20-05-2023)
  • Dimensions Cited by: 22 (30-03-2023)

JCR (Journal Impact Factor)

  • Year 2017
  • Journal Impact Factor: 2.198
  • Journal Impact Factor without self cites: 2.069
  • Article influence score: 0.999
  • Best Quartile: Q1
  • Area: ECONOMICS Quartile: Q1 Rank in area: 67/353 (Ranking edition: SSCI)
  • Area: MANAGEMENT Quartile: Q2 Rank in area: 92/210 (Ranking edition: SSCI)
  • Area: BUSINESS Quartile: Q3 Rank in area: 74/140 (Ranking edition: SSCI)

SCImago Journal Rank

  • Year 2017
  • SJR Journal Impact: 1.792
  • Best Quartile: Q1
  • Area: Economics and Econometrics Quartile: Q1 Rank in area: 90/691


  • Social Sciences: A

Scopus CiteScore

  • Year 2017
  • CiteScore of the Journal : 4.1
  • Area: Economics and Econometrics Percentile: 87

Journal Citation Indicator (JCI)

  • Year 2017
  • Journal Citation Indicator (JCI): 1.15
  • Best Quartile: Q1
  • Area: BUSINESS Quartile: Q1 Rank in area: 66/272
  • Area: MANAGEMENT Quartile: Q1 Rank in area: 91/366
  • Area: ECONOMICS Quartile: Q1 Rank in area: 112/534


(Data updated as of 30-03-2023)
  • Total citations: 22
  • Recent citations: 13
  • Field Citation Ratio (FCR): 8.86


This article assesses the role of investments in intangible capital and their potential complementarities as a way to improve firm productivity. We focus on the three intangible resources that, according to the literature, have the greatest strategic importance: research and development (R & D), advertising, and human capital. To test our hypotheses, we use a large sample of Spanish manufacturing firms and consider estimates of total factor productivity through a generalized method of moments approach. Our results show evidence of complementarities between R & D and advertising investments and between advertising and human capital. However, they are not conclusive in the case of R & D and human capital. © The Author 2017. Published by Oxford University Press on behalf of Associazione ICC. All rights reserved.