“…It should be noted that there is a general similarity with the results of other researches concerning this question. Therefore, the following researches confirm the correlation between KM, competitiveness and financial performance (Echeverry et al, 2019;Lopez et al, 2005;Byrd & Turner, 2001;Zebal et al, 2019), the impact of knowledge application processes on financial performance (Lee et al, 2005;Chen & Huang, 2009;Darroch, 2005;Abbas & Sağsan, 2019;Imran et al, 2017;Zack et al, 2009), as well as the impact of knowledge protection process on financial performance (Huang et al, 2019).…”