“…Despite knowledge capture, assimilation, and knowledge usage practices are usually not fully developed in SMEs, there are studies demonstrating the significant relationship between absorptive capacity, innovation, and intellectual capital (protection of knowledge) (Cassol, Gonçalo, & Ruas, 2016). Companies have also been shown to achieve the transformation of their internal and external knowledge into intangible assets, such as the development of new products, the increase in brand value, and the development of patents, which results in encouraging expectations in highly competitive markets (Ayerbe et al, 2014). Moreover, experts are beginning to regard absorptive capacity, organizational innovation, and open innovation as the most effective means to generate intangible assets and to develop intellectual property in SMEs (Lin, Wu, Chang, Wang, & Lee, 2012;Raymond et al, 2016).…”