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RESEARCH PRODUCT

Unraveling the link between managerial risk-taking and innovation: The mediating role of a risk-taking climate

Joaquin AlegreOscar LlopisOscar LlopisAna García-graneroAna García-graneroAnabel Fernández-mesaAnabel Fernández-mesa

subject

MarketingRisk-taking climateSignaling theorysignaling theorysocial cognitive theorymanagers´ risk-takingInnovation performancerisk-taking climateInnovation performanceEntrepreneurial orientationmedia_common.quotation_subjectPerspective (graphical)signaling theorysocial cognitive theorymanagers´ risk-takingCreativityStructural equation modelingTest (assessment)Empirical researchrisk-taking climateEconomics[SHS.GESTION]Humanities and Social Sciences/Business administrationManagers' risk-takingMarketingLink (knot theory)Industrial organizationSocial cognitive theorySocial cognitive theorymedia_common

description

Scholars have proposed that taking risks in organizations is important for explaining innovation performance. Scholars traditionally have analyzed this link from two unconnected perspectives. From a managerial perspective, entrepreneurial orientation and leadership theories have been used to explain the positive relation between manager's risk-taking and innovation. On the other hand, research on creativity suggests that a risk-taking climate helps to explain the generation of novel ideas. However, there is little empirical research analyzing this link. This study examines the possibility of a connection between managerial risk-taking propensity, risk-taking climate and innovation performance. To do so, we test a quantitative model where the impact of the manager' risk-taking propensity on innovation is mediated by its effect on risk-taking climate. Structural equation modeling is used to test the research hypotheses on a data set of 182 firms from the Spanish and Italian ceramic tile industry

yearjournalcountryeditionlanguage
2015-05-01
10.1016/j.jbusres.2014.10.012http://hdl.handle.net/20.500.12278/1313