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Integrated risk management and product innovation in China: The moderating role of board of directors
Jie Wu1; Zefu Wu2
2014-08
Source PublicationTechnovation
ISSN0166-4972
Volume34Issue:8Pages:466-476
Abstract

This study explored the role of the board of directors in the relationship between integrated risk management and product innovation. We focused on a board's direct involvement in risk oversight and its use of external audit in risk oversight, and examined their moderating effects on the relationship between integrated risk management and product innovation. Panel data from a survey of 1178 Chinese firms was analyzed to test the hypotheses. A board's direct involvement in risk oversight was found to negatively moderate the positive relationship between integrated risk management and product innovation success. The use of external audit in risk oversight similarly weakens the relationship. These results show how an effective board contributes to the innovation benefits associated with risk management in product innovation. They also have important implications for emerging economy firms pursuing an integrated approach to risk management in product innovation.

KeywordIntegrated Risk Management Product Innovation Board Of Directors Risk Oversight External Audit Emerging Economies China
DOIhttps://doi.org/10.1016/j.technovation.2013.11.006
Indexed BySSCI
Language英语
WOS Research AreaEngineering ; Business ; Economics ; Operations Research ; Management Science
WOS SubjectEngineering, Industrial ; Management ; Operations Research & Management Science
WOS IDWOS:000339149700008
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Cited Times [WOS]:18   [WOS Record]     [Related Records in WOS]
Document TypeJournal article
CollectionDEPARTMENT OF MANAGEMENT AND MARKETING
Corresponding AuthorZefu Wu
Affiliation1.University of Macau, Department of Management and Marketing, Faculty of Business Administration, Avenida Padre Tomás Pereira,Taipa, Macau, SAR, China
2.Department of Finance and Accounting, College of Business Administration, Huaqiao University of China, Quanzhou city, 362021, Fajian Province, China
First Author AffilicationFaculty of Business Administration
Recommended Citation
GB/T 7714
Jie Wu,Zefu Wu. Integrated risk management and product innovation in China: The moderating role of board of directors[J]. Technovation,2014,34(8):466-476.
APA Jie Wu,&Zefu Wu.(2014).Integrated risk management and product innovation in China: The moderating role of board of directors.Technovation,34(8),466-476.
MLA Jie Wu,et al."Integrated risk management and product innovation in China: The moderating role of board of directors".Technovation 34.8(2014):466-476.
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