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

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.
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Ana García-Granero, Óscar Llopis, Anabel Fernández-Mesa, Joaquín Alegre. Unraveling the link between managerial risk-taking and innovation: The mediating role of a risk-taking climate. Journal of Business Research, Elsevier, 2015, 68 (5), pp.1094-1104. ⟨10.1016/j.jbusres.2014.10.012⟩. ⟨hal-01137650⟩

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