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Purpose

The purpose of this paper is to review and critique the literature dealing with the relationship between intellectual capital (IC) and innovation, and to outline the future of this research field.

Design/methodology/approach

Structured literature review (SLR).

Findings

The relationship between IC and innovation has been examined in great detail; however, much remains to be understood regarding the way of approaching and conceptualising both IC and innovation according to the current business environment. Moreover, academic literature on the IC-innovation relationship shows a disconnection between academia, and both business practice and policy-making, in this research domain.

Research limitations/implications

Since the study was developed by one person, the results could be influenced by her subjective interpretation. In addition, only journal articles published between 2006 and 2015 have been examined.

Originality/value

This paper contributes to IC literature by providing a unique SLR of the IC-innovation field of research. The paper points to pathways for future research in the IC-innovation domain.

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