2.1. Intellectual Capital and Green Knowledge in Green Innovation in SMEs
Specialized literature agrees that an SME’s capacity to generate green innovation depends on the quality and coordination of its intellectual capital, understood as the set of humans, structural and relational resources that make up its cognitive base [
19,
20]. One of the elements that can be analyzed with this argument is the internal capital that can be developed within the organization and that allows environmental knowledge to be transformed into innovations that promote the improvement of processes, products and practices associated with sustainability [
21]. From this perspective, human capital refers to the contribution of environmental and technological skills; structural capital refers to the configuration of routines, systems and information flows; and relational capital enables interaction with external agents to acquire and circulate green knowledge [
22].
The arguments that are currently being put forward claim that, according to Asiaei et al. [
23] and Soonsan et al. [
24], that green innovation is not defined by linear mechanisms or closed resources but rather places us before strategic configurations where technological capabilities, environmental orientation and intangibles come together. This corollary, which is particularly relevant today as it is proposed by Li et al. [
25], indicates that information processes emerge from specific combinations of knowledge, digitization, organizational resources and institutional conditions. In this way, intellectual capital becomes important not as an isolated input, but as an element that interacts with other dimensions to shape different trajectories of environmental innovation [
26].
Within the context of SMEs, this interaction must be treated with particular importance, as organizations of this type tend to have greater material limitations and depend to a greater extent on their internal capacity to create and mobilize knowledge [
27,
28]. Within the context of SMEs, this interaction must be treated with particular importance, as organizations of this type tend to have greater material limitations and depend to a greater extent on their internal capacity to create and mobilize knowledge [
29]. Therefore, green knowledge must be internalized within the organizational culture, formalized as processes and projected in external interactions, so that a system of continuous learning is formed [
30,
31].
On a regional scale, the analysis of Jiménez et al. [
6] shows that the green economy in Latin America is structured around human capital, eco-innovation, sustainability, and the collaborative economy, aspects that corroborate green growth based on cumulative intangible capabilities. This implies that intellectual capital for Martínez & Ávalos-Pelayo [
32] occupies a privileged position as a strategic asset for SMEs that are in the process of transitioning to low-carbon production models (p. 45).
Finally, evidence from Ecuador shows that SMEs and future entrepreneurs are demonstrating growing environmental awareness but still have structural gaps in knowledge management and the consolidation of their intellectual capital. Both [
3] and Plaza et al. [
5] agree that the absence of systematic environmental routines, weak formalization of cognitive processes and insufficient coordination with collaborative networks limit the transformation of green knowledge into effective innovation.
Based on the above discussion, the following hypotheses are proposed:
H1. Intellectual capital has a positive and significant influence on green innovation in enterprises.
H2. Green knowledge management positively influences green innovation.
2.2. Environmental Practices in Green Innovation by Sustainable SMEs
Environmental practices are now central to understanding how SMEs transform knowledge into green innovation within knowledge-intensive economies. From the fundamental perspective of the knowledge economy, learning, information and the ability to apply strategic knowledge, as proposed by Drucker [
33]; Lundvall [
34] and Suh et al. [
35] these are conditions that enable environmental practices to become productive routines geared towards sustainability. In this underlying perspective, these practices are the realization of green knowledge through practices that reduce impacts, improve resource use and increase organizational efficiency, but evolutionary innovation theory offers an important complement: environmental practices are the result of the accumulation of routines and capabilities that companies understand over time [
36,
37].
In contexts where innovation systems are open networks between companies, universities, communities and the state [
34]. Environmental practices are strengthened and increasingly incorporated into the dynamics of exchange and co-production of environmental knowledge, especially in sustainable SMEs, which operate in contexts of greater technological constraints and rely even more on their learning capabilities to innovate.
From an organizational perspective, environmental practices are interpreted based on the theory of resources and capabilities of Barney [
17] and the dynamic capabilities of Teece [
18]. Sustainability arises when an organization has the ability to unite, adapt and reconfigure its cognitive base in the face of ecological, technological or institutional changes. This interpretation confirms the references that highlight that green innovation depends on building a link between intellectual capital, environmental knowledge and business adaptation mechanisms in complex contexts [
38,
39].
In contexts similar to those of the Ecuadorian Amazon, this interaction is even more evident. Recent research indicates that implementing environmental practices requires facilitating the linking of scientific knowledge with local knowledge, in this case, knowledge appropriate to the ecological and cultural conditions [
40,
41]. New research emphasizes that practices can only be implemented if SMEs are part of regional innovation systems that bring together intellectual capital, dynamic capabilities, and a focus on environmental requirements [
42,
43]. Furthermore, strengthening these practices is a prerequisite for overcoming bottlenecks that limit the scalability and integration of enterprises into the Amazonian bioeconomy [
44].
Consequently, if green innovation involves the ability to redesign processes, incorporate clean technologies and improve environmental performance effectively, it is reasonable to expect that the extent to which these practices are implemented will have a positive impact on that outcome.
H3. Environmental and technological practices positively and significantly influence green innovation.
2.3. Theoretical Framework
The present research is based on the articulation of four complementary perspectives: the Resource-Based View (RBV), the Knowledge-Based View (KBV), the absorptive capacity approach, and the dynamic capabilities theory. This theoretical architecture allows for an integrated explanation of how green enterprises transform intangible resources, environmental knowledge, and operational practices into green innovation outcomes. Indeed, the phenomenon analyzed cannot be interpreted solely from the availability of physical or financial resources, but rather from the interaction between intangible assets, learning processes, knowledge absorption mechanisms, and environmental implementation capabilities.
From the resource-based view, the company is conceived as a heterogeneous set of resources and capabilities that, when they are valuable, rare, difficult to imitate, and organizationally exploitable, can generate sustainable competitive advantages [
17]. However, this perspective has precedents in the work of Penrose [
45], who already suggested that the growth and differentiation of the firm depended on how it utilized its internal resources, as well as in the work of Wernerfelt [
46], who explicitly formulated a resource-centred strategic view as a source of advantage. Subsequently, Peteraf [
47] delved deeper into this reasoning by specifying the conditions under which resources can sustain lasting competitive advantages. In this framework, organizational performance does not depend solely on market conditions, but on the firm’s internal capacity to structure and mobilize strategic resources. In the case of green enterprises, this approach is particularly relevant, as this type of organization tends to operate in contexts of high financial constraint, weak infrastructure, and limited scale, so their competitiveness largely depends on the quality of their intangible assets rather than the volume of their physical resources. Thus, the capacity for environmental innovation is associated with the possession and articulation of internal resources that allow for the recognition of ecological opportunities, the organization of sustainable responses, and adaptation to changing environmental demands.
In this logic, intellectual capital occupies a central position as a strategic resource. This concept encompasses the set of intangible assets linked to knowledge, competencies, routines, organizational systems, and the firm’s external relationships [
48]. Traditionally, it consists of three dimensions: human capital, referring to the skills, experience, knowledge, and competencies of the personnel; structural capital, associated with processes, routines, systems, and procedures that allow for the storage and coordination of knowledge; and relational capital, linked to external networks, trust, reputation, and connections with customers, suppliers, communities, and institutions. From the RBV perspective, these dimensions do not constitute mere organizational attributes, but rather strategic resources that can sustain differentiated innovation trajectories when aligned with an environmental orientation. Consequently, intellectual capital can be understood as the internal foundation that enables the generation of ideas, the resolution of environmental problems, and the consolidation of green innovation practices.
The knowledge-based perspective expands this reasoning by asserting that knowledge constitutes the most important strategic resource of the firm, because it is the main input for learning, innovating, and adapting to uncertain contexts [
33,
34,
49]. This perspective is also supported by the approaches of Kogut & Zander [
50], who argue that the firm exists, to a large extent, due to its ability to create, combine, and transfer knowledge more efficiently than the market, as well as by Spender [
51], who reinforces the idea that the firm should be understood as a knowledge system rather than a simple portfolio of assets. From this perspective, the company does not compete solely for access to tangible resources, but for its ability to create, transfer, combine, store, and apply knowledge in a superior manner to its competitors. This perspective is especially useful for studying green enterprises, as sustainability does not solely depend on the existence of an environmental orientation, but on the ability to transform information, experience, and technical knowledge into productive solutions with ecological value. The KBV therefore allows us to understand that green innovation does not simply stem from prior environmental sensitivity but from the organizational ability to transform dispersed knowledge into useful, coordinated, and strategically exploitable learning.
Within this perspective, green knowledge management can be defined as the set of organizational processes aimed at creating, sharing, systematizing, and applying knowledge related to sustainability, eco-efficiency, clean technologies, impact reduction, and responsible use of resources. It is not just about possessing environmental knowledge, but about institutionalizing it in routines, decisions, processes, and learning mechanisms. In this sense, the management of green knowledge constitutes the bridge between the available cognitive resources and their conversion into concrete organizational outcomes. This idea is related to the approaches of Nonaka [
52], who argues that innovation depends on the organizational capacity to transform tacit knowledge into explicit knowledge and, subsequently, convert it into coordinated action, as well as to Nonaka & Takeuchi [
53], who explain that the creation of organizational knowledge arises from the interaction between tacit and explicit knowledge in a continuous dynamic of socialization, externalization, combination, and internalization. Applied to the environmental field, this implies that green enterprises can only innovate sustainably when green knowledge stops being dispersed or individual and becomes shared organizational capacity.
This approach is complemented by the concept of absorptive capacity, developed by Cohen & Levinthal [
54], which is key to understanding how green enterprises are linked to external knowledge. Absorptive capacity refers to an organization’s ability to recognize the value of new information, assimilate it, and apply it for productive or innovative purposes. In peripheral or emerging contexts, where much of the relevant knowledge comes from universities, public organizations, community networks, or territorial experiences, this capacity becomes crucial. Consequently, both intellectual capital and green knowledge management should also be understood as factors that strengthen the firm’s absorptive capacity, allowing it to incorporate external environmental learnings and adapt them to its internal conditions. In other words, green innovation does not depend exclusively on the resources that the enterprise possesses internally, but also on its ability to capture, reinterpret, and exploit knowledge coming from the environment.
The dynamic capabilities theory complements this conceptual architecture by explaining how organizations integrate, reconfigure, and deploy their resources in the face of changing environments [
18]. While the RBV emphasizes the possession of strategic resources and the KBV on the centrality of knowledge, dynamic capabilities focus on the organizational ability to renew, adapt, and recombine resources in the face of technological, ecological, or institutional changes. This perspective is particularly relevant for green enterprises, given that they operate in contexts where sustainability demands constant adjustments in products, processes, and business models. In this sense, innovating with a green focus does not merely involve having knowledge or intangible resources, but rather the ability to translate them into effective organizational transformations [
55].
At this point, environmental and technological practices become relevant, understood as the set of actions, routines, and operational decisions aimed at reducing ecological impacts, improving resource use efficiency, adopting clean technologies, and reorganizing processes under sustainability criteria. From the dynamic capabilities theory, these practices can be interpreted as concrete implementation mechanisms through which intellectual capital and knowledge management become observable innovation. That is, environmental and technological practices constitute the operational expression of deeper organizational capabilities: they are the point where accumulated knowledge, internal routines, and strategic adaptation materialize into results [
56]. From this perspective, green innovation is neither a spontaneous phenomenon nor exclusively technological, but rather the manifestation of an organizational capacity to reconfigure resources and direct productive action towards environmental goals [
57].
Under this framework, green innovation can be defined as the development or adoption of products, processes, organizational practices, or business models that reduce environmental impacts, increase resource use efficiency, and simultaneously contribute to competitive performance and long-term sustainability [
58,
59]. This innovation can be expressed in incremental dimensions—such as improvements in efficiency or waste reduction—or in transformational dimensions, when it more profoundly reconfigures the productive logic of the organization. The literature has shown that this type of innovation is not limited to large industrial companies, but can also arise in SMEs and startups, as long as there are minimal conditions of learning, organizational articulation, and practical implementation [
60].
In green enterprises, these relationships take on a particular configuration. A green enterprise can be defined as a business initiative that explicitly integrates economic and environmental objectives into its business model, seeking to generate value through products, services, or processes compatible with ecological and social sustainability [
61,
62]. Unlike conventional companies that eventually incorporate green criteria in a complementary manner, in green ventures, the environmental dimension is part of the foundational logic of the business. However, environmental orientation alone does not guarantee green innovation [
63]. For this to occur, entrepreneurship needs a cognitive and organizational foundation that allows the conversion of environmental orientation into innovative capacity. Therefore, intellectual capital, green knowledge management, and environmental and technological practices should not be analyzed as separate dimensions, but as interdependent components of the same organizational architecture.
This articulation becomes even more important in the case of territories like the Ecuadorian Amazon, where green enterprises operate under structural constraints of financing, technology, digital infrastructure, and collaboration networks. In these types of contexts, sustainable innovation does not depend solely on market incentives or the availability of physical capital, but on the ability of the enterprise to mobilize intangible resources, organize useful knowledge, and translate it into concrete practices. The scarce Ecuadorian literature has insisted that the green economy is articulated with human capital, eco-innovation, sustainability, and the collaborative economy, and that gaps persist in the formalization of environmental routines, knowledge management, and the consolidation of intellectual capital as a basis for innovation [
5,
9]. In the same vein, Ecuadorian studies on SMEs and sustainable entrepreneurship indicate that there is a growing environmental awareness, but also weaknesses in network coordination, the systematization of cognitive processes, and the transformation of green knowledge into effective innovation.