THE PATH FROM INTELLECTUAL CAPITAL TO INNOVATION: A RESEARCH WITH THE OIL COMPANIES AFFILIATED TO THE NATIONAL OIL CORPORATION (NOC) IN LIBYA

Abstract

The aim of this study is to determine the role of intellectual capital on different types of innovation. In this context, an empirical research was conducted with executive managers of oil companies affiliated to National Oil Corporation (NOC) in Libya. Data of the study was collected via questionnaire. Different components of intellectual capital explained in the literature as human capital, social capital and organizational capital. Besides, for innovation activities, many researches in the literature distinguish different types of innovation as product innovation, process innovation, marketing innovation and organizational innovation. Variables of the study were accepted by means of these classifications and hypotheses were tested through correlation and regression analyses. Findings revealed that human capital has a positive significant effect on product innovation and process innovation, and social capital has a positive significant effect on process innovation, whereas there isn’t observed any significant effect of organizational capital on different types of innovation.