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
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Ana García-Granero: INGENIO - Instituto de Gestión de la Innovación y del Conocimiento = Institute of Innovation and Knowledge Management - CSIC - Consejo Superior de Investigaciones Cientificas [España] = Spanish National Research Council [Spain] - UPV - Universitat Politècnica de València = Universitad Politecnica de Valencia = Polytechnic University of Valencia , MTS - Management Technologique et Strategique - EESC-GEM Grenoble Ecole de Management
Óscar Llopis: GREThA - Groupe de Recherche en Economie Théorique et Appliquée - UB - Université de Bordeaux - CNRS - Centre National de la Recherche Scientifique, INGENIO - Instituto de Gestión de la Innovación y del Conocimiento = Institute of Innovation and Knowledge Management - CSIC - Consejo Superior de Investigaciones Cientificas [España] = Spanish National Research Council [Spain] - UPV - Universitat Politècnica de València = Universitad Politecnica de Valencia = Polytechnic University of Valencia
Anabel Fernández-Mesa: INGENIO - Instituto de Gestión de la Innovación y del Conocimiento = Institute of Innovation and Knowledge Management - CSIC - Consejo Superior de Investigaciones Cientificas [España] = Spanish National Research Council [Spain] - UPV - Universitat Politècnica de València = Universitad Politecnica de Valencia = Polytechnic University of Valencia , Departament de Direcció d'Empreses - UV - Universitat de València

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Abstract: 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 risk taking and innovation. From an employee perspective, creativity theory suggests that a risk-taking climate helps to explain innovative behaviors. However, there is little empirical research analyzing this link. This study examines the possibility of a connection between managers' risk-taking propensities, employees' 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 employees' 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: 2015-05
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Published in Journal of Business Research, 2015, 68 (5), pp.1094-1104. ⟨10.1016/j.jbusres.2014.10.012⟩

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Journal Article: 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:hal:journl:hal-01137650

DOI: 10.1016/j.jbusres.2014.10.012

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