Title: On the link between human capital, innovation and performance: evidence from a resource-based economy

Authors: Oluseye Oladayo Jegede; Matthew O. Ilori; Martins Olusola Olorunfemi; Billy A. Oluwale

Addresses: National Centre for Technology Management, Obafemi Awolowo University, Nigeria ' African Institute for Science Policy and Innovation, Obafemi Awolowo University, Nigeria ' Department of Geology, Obafemi Awolowo University, Nigeria ' African Institute for Science Policy and Innovation, Obafemi Awolowo University, Nigeria

Abstract: The study measured the relationship between human capital, innovation and performance in the mining industry in Nigeria. The sample size was 150 purposively selected companies. The response rate was 70.6%. Knowledge-capital theory was explored in this study. Primary and secondary data sources were used for the study. Econometrics technique was used to determine the relationship among the variables. From the study, it is observed that all the indicators of human capital in the mining industry are important in determining the outcome of innovations in the industry. It was also observed that all the indicators of human capital are important in determining the productivity in the industry as well. A new knowledge advanced in this study is that there is just a thin line between process innovation and organisational innovation. In conclusion, the study identified a linear relationship between human capital, innovation prevalence and performance in the mining industry in Nigeria.

Keywords: human capital; innovation prevalence; innovation performance; mining industry; Nigeria; resource-based economy; knowledge capital; econometrics; productivity; process innovation; organisational innovation.

DOI: 10.1504/IJLIC.2016.074344

International Journal of Learning and Intellectual Capital, 2016 Vol.13 No.1, pp.27 - 49

Received: 19 Jun 2015
Accepted: 30 Jul 2015

Published online: 23 Jan 2016 *

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