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

Ana García-Granero, Óscar Llopis, Anabel Fernández-Mesa and Joaquin Alegre

Journal of Business Research, 2015, vol. 68, issue 5, 1094-1104

Abstract: Scholars have proposed that taking risks in organizations is important in explaining innovation performance. Analysis of this link has traditionally been based on two unconnected perspectives. From a managerial perspective, entrepreneurial orientation and leadership theories have been used to explain the positive relationship between managers' 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's 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.

Keywords: Innovation performance; Managers' risk-taking; Risk-taking climate; Signaling theory; Social cognitive theory (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (22)

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Working Paper: Unraveling the link between managerial risk-taking and innovation: The mediating role of a risk-taking climate (2015)
Working Paper: Unraveling the link between managerial risk-taking and innovation: The mediating role of a risk-taking climate (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jbrese:v:68:y:2015:i:5:p:1094-1104

DOI: 10.1016/j.jbusres.2014.10.012

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