This study attempts to explore how a firm’s operational mode can reinforce the advantages of
intellectual capital on innovation. Specifically, the main purpose of this study is to develop a
comprehensive research model to integrate the interrelationships among social capital,
entrepreneurial orientation, intellectual capital, and innovation. In addition to identifying
the influences of intellectual capital on innovation, this study focuses in particular on the
mediating effect of intellectual capital and the moderating effects of social capital and
entrepreneurial orientation on innovation, which have largely been neglected in previous
literature. The results support the mediating role of intellectual capital and the moderating
roles of entrepreneurial orientation and social capital on innovation. Specifically, firms that
have higher levels of social capital and entrepreneurial orientation tend to amplify the effects
of intellectual capital on innovation.
