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In this article, we analyze whether innovation in companies is related to the introduction of new forms of labour organization and personnel policies that imply more participative human resource management. At the same time, we will tackle the relations between firms' innovative capacities and the managements' promotion of values oriented towards higher participation, commitment and autonomy of workers. The empirical analysis is based on a survey carried out in companies of more than 30 workers. The results obtained after applying different techniques of analysis indicate that the innovative organizations do attribute greater importance to values that promote workers' participation, initiative and autonomy. However, the same results also demonstrate that these companies have progressed little in the implementation of organizational modifications and mechanisms needed to be able to put these values into practice. [ABSTRACT FROM AUTHOR]