The Effect of Intellectual Capital on Innovation: A Case Study of an Institute for Advanced Studies in Basic Sciences Located in the Science and Technology Park of Zanjan
- *Corresponding Author:
- Hossein Moghimi Esfandabadi
Graduate of Sociology
Faculty of Social Sciences
University of Tehran
North Kargar Ave., Tehran, Iran
E-mail: [email protected]
Received Date: June 04, 2015; Accepted Date: August 20, 2015; Published Date: September 10, 2015
Citation: Maboudi M, Mobaraki MH, Khavandkar J, Esfandabadi HM (2015) The Effect of Intellectual Capital on Innovation: A Case Study of an Institute for Advanced Studies in Basic Sciences Located in the Science and Technology Park of Zanjan. J Entrepren Organiz Manag 4:148. doi:10.4172/2169-026X.1000148
Copyright: © 2015 Maboudi M, et al. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
The present research aims to investigate the effect of intellectual capital on innovation in Zanjan Science and Technology Park (STP) during 2013. This study was conducted based on the quality-correlation method. The research questionnaire was distributed between employees who worked for any of the firms inside the STP. In general, 220 employees work in Zanjan Science and Technology Park, 139 of whom were selected using the Cochran’s formula to reply to the questionnaire. Structural equation modeling was used to analyze the data. The results of the correlation test revealed a significant positive relationship between intellectual capital and innovation. The elements of structural capital and human capital did not indicate any significant relationship with innovation. However, it was found that the elements of intellectual capital (i.e. human capital, structural capital, and relational capital) can be used as predictors of innovation in our case study.