Abstract
Over the years, several studies have been conducted to identify the impact of various intellectual capital components on the organizational performances. However, most of these works greatly replicated the applications and uses of different intellectual capital components (human, structural, relational, social) without addressing the shortcomings related to their empowerment toward the innovation perception of the organizations. Based on this fact, we comprehensively reviewed the existing literatures that strongly influenced the innovation performance of the financial sector. Standard inclusion and exclusion criteria were used for the critical and systematic evaluation of the past studies. It identified the main limitations of intellectual capital components efficiency in the financial sector that could considerably affect their desired innovation performances in the dynamic and competitive market scenarios. In addition, a correlation was established among the organizational growth of intellectual capital components and innovation performance, leading to positive implications on intellectual capital components development.
Highlights
This communication has provided evidence that intellectual capital components can immensely contribute to the innovation performance of financial organization wherein inclusion and exclusion criteria were used in the reviewing process
It was inferred that the diverse challenges encountered by the financial sector to maintain a high level of intellectual capital can be mainly due to the deficiency of appropriate measurement methods (Meles et al 2016; Mention and Bontis 2013)
A few reports in the literature analyzed the issues related to the development of various intellectual capital components
Summary
The present critical evaluation of the previous findings enabled identifying a correlation between intellectual capital components and innovation performance in the financial sector (Dixon-Woods 2010). Risks 2021, 9, 170 identified ongoing debates related to the importance of implementing intellectual capital components in the organization and its effect on the innovation performance provided new insight and opened up avenues for further studies (Agostini et al 2017; Qurashi et al 2020; Agostini and Nosella 2017) In this regard, the present review article is distinct from the existing reviews, wherein the previous researchers usually summarized and interpreted the collected findings in a subjective and narrative (selected issues based on expertise) form (Manes-Rossi et al 2020). Of these retrieved papapers wereassessed assessedbased basedon ontheir theirtitles, titles,abstracts, abstracts,and and contents contents following some pers were some standard standard criteria This evaluation evaluation was was mainly mainly centered centered on onintellectual intellectual capital capitalcomponents componentsformat format applicable to the financial sector, resulting in the exclusion of articles.
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