ENTREPRENEURIAL AND RENEWAL CAPITALS AS KEY RESOURCES OF ORGANISATIONS

The literature argues that the Intellectual Capital (IC) consists of three elements: human, structural and relational capital. However, we suggest that also other fundamental elements could be included in IC, i.e. renewal capital (RC), trust capital (TC) and entrepreneurial capital (EC). Starting from this assumption, the aim of this work is to analyse the relationship between two fundamental stand-alone components of IC (RC and EC) and firms’ financial performances. The study underlines that in the era of knowledge economy, EC and RC represent key resources for organizations, enabling high innovation performance and organizational growth and increasing their effectiveness in responding to future challenges and radical changes in the market