The Impact of Intangible Assets on the Output of SMEs’ Growth and Labor Productivity

When the SMEs’ competitive advantage is based on intangible assets, the SMEs’ economic activity depends greatly on the innovation capabilities of the recipients of the knowledge because knowledge tends to be developed in the actual contexts. The purpose of this paper is to analyse the impact of intangible assets on the output of SMEs’ growth and labour productivity. Also, it intends to answer the following question: is it important for Romanian SMEs to improve intangible assets’ potential, labour productivity and operational innovation excellence? Thereby, we will highlight these two phenomena and draw on the available empirical evidence to explain them. In our analysis we will focus on the Romanian SMEs.