Integrated risk management and product innovation in China: The moderating role of board of directors

Empirical Studies on Innovation Performance in the Manufacturing and Service Sectors Since 1995: A Systematic Review

“…Indeed, a firm's Board of Directors plays a crucial role in overseeing the strategic risks through strategic planning, formulation of high-level objectives, and efficient resource allocation, whereas project managers actively oversee the operational risks (Beasley et al, 2010). The only study by Wu and Wu (2014) examines the role of the Board of Directors in integrated risk management and product innovation. The results show (i) a negative moderating effect between integrated risk management and the board's direct involvement in risk oversight, and (ii) effective board involvement contributes to product innovation success.…”

Risk identification, evaluation and response of low-carbon technological innovation under the global value chain: A case of the Chinese manufacturing industry

“…Chen et al (2012) Technology risk, manufacturing risk, market risk, financial risk and management risk. Wu and Wu (2013) Technology risk, market risk, financial risk, cooperation risk and institution/monitoring risk.…”

Measuring and Integrating Risk Management into Green Innovation Practices for Green Manufacturing under the Global Value Chain

“…Manage risk and cost-related risk as well as environmental, technical, and market risk [48][49][50] Environmental risk, technology risk, management risk, and market risk [51,52] Technology risk, market risk, transportation capacity, competition risk, and policy risk [53,54] Risk characteristics Technology risk, management risk, and marketing risk [55,56] Technology risk, manufacturing risk, market risk, management risk, and financial risk [57,58] Technology risk, market risk, cooperative risk, financial risk, and institutional risk [59,60] Risk processes Development risk, manufacturing risk, and marketing risk [61,62] Research risk, manufacturing risk, and market service risk [63] Development risk, manufacturing risk, and market risk [64] The classification of the risk management process by the International Standards Association, American Project Management Organization, Australian And New Zealand Standards, and American Sponsor Committee is basically the same, including environmental analysis, risk identification, risk assessment, risk response, and risk internal control [65][66][67][68]. For identifying green innovation risk, the flowchart method, fault tree method, and scenario analysis method are usually used.…”

“…The green innovation risk of the manufacturing industry has the following characteristics [48][49][50][51][52][53][54][55][56][57][58][59][60][61][62][63][64]. (i) Each stage of green innovation in the manufacturing industry faces various risks.…”

“…The risk of green innovation is defined as the possibility of the suspension, termination, or failure of green innovation activities due to the uncertainty of the external environment of green innovation and the lack of the strength of the enterprises implementing green innovation on the basis of R&D clean energy and development of energy-saving and emission reduction technologies, as well as the losses caused. R&D risks stem from changes in personnel, finance, technology, and green policies in the R&D process [51][52][53][54][55][56][57][58][59][60]. Manufacturing risk also involves personnel and financial risk, followed by production risk [55][56][57][58]61,62].…”