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Risk Taking, Innovativeness And Competitive Rivalry: A Three-Way Interaction Towards Firm Performance

Author

Listed:
  • JENNY GIBB

    (Department of Strategy and Human Resource, Management University of Waikato, Private Bag 3105 Hamilton, New Zealand)

  • JARROD M. HAAR

    (Department of Strategy and Human Resource, Management University of Waikato, Private Bag 3105 Hamilton, New Zealand)

Abstract

It is unclear how entrepreneurial firms should engage in risk taking and innovativeness in highly competitive environments. Using a sample of 167 New Zealand firms, we provide new insight to identify a significant three-way interaction effect between risk taking, innovativeness and competitive rivalry towards firm performance. We found high risk taking and innovativeness to be linked to higher firm performance, irrespective of the extent of competitive rivalry. Low innovativeness was found to be associated with differing levels of firm performance depending on the level of rivalry. These results have important implications for future research and for practitioners where competitive rivalry can influence dimensions of performance in entrepreneurial firms in ways that have not been previously recognized.

Suggested Citation

  • Jenny Gibb & Jarrod M. Haar, 2010. "Risk Taking, Innovativeness And Competitive Rivalry: A Three-Way Interaction Towards Firm Performance," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 14(05), pages 871-891.
    • Handle: RePEc:wsi:ijimxx:v:14:y:2010:i:05:n:s136391961000291x
    DOI: 10.1142/S136391961000291X
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    Citations

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    Cited by:

    1. Gültekin Altuntas & Fatih Semerciöz & Aral Noyan, 2014. "The Effect of Competitive Rivalry on Internal Communication in Private Healthcare Organizations: Evidence from Istanbul, Turkey," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 10(1), pages 55-69, February.
    2. Bjekić Radmila & Jelača Maja Strugar & Marić Slobodan, 2019. "The Importance of Active Leadership Style for Organizational Innovativeness," Economic Themes, Sciendo, vol. 57(4), pages 481-495, December.
    3. Franziska Handrich & Sven Heidenreich & Tobias Kraemer, 2022. "Innovate or game over? Examining effects of product innovativeness on video game success," Electronic Markets, Springer;IIM University of St. Gallen, vol. 32(2), pages 987-1002, June.
    4. Aliasghar, Omid & Haar, Jarrod, 2023. "Open innovation: Are absorptive and desorptive capabilities complementary?," International Business Review, Elsevier, vol. 32(2).
    5. Lili Mi & Xiao-Guang Yue & Xue-Feng Shao & Yuanfei Kang & Yulong Liu, 2020. "Strategic Asset Seeking and Innovation Performance: The Role of Innovation Capabilities and Host Country Institutions," JRFM, MDPI, vol. 13(3), pages 1-22, March.
    6. Mary Beth Rousseau & Blake D. Mathias & Laura T. Madden & T. Russell Crook, 2016. "Innovation, Firm Performance, And Appropriation: A Meta-Analysis," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 20(03), pages 1-29, April.
    7. Jarrod Haar & Anja Schmitz & Annamaria Di Fabio & Urs Daellenbach, 2019. "The Role of Relationships at Work and Happiness: A Moderated Moderated Mediation Study of New Zealand Managers," Sustainability, MDPI, vol. 11(12), pages 1-16, June.
    8. Fred Phanuel Okangi, 2019. "The impacts of entrepreneurial orientation on the profitability growth of construction firms in Tanzania," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 9(1), pages 1-23, December.

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