Publication: Exploring the effect of professionalization, risk-taking and technological innovation on business performance
Authors
Palacios Manzano, Mercedes ; García Lopera, Francisca ; Ruiz Palomo, Daniel ; Santos Jaén, José Manuel ; Palacios Manzano, Mercedes
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DOI
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info:eu-repo/semantics/article
Description
©2022. This manuscript version is made available under the CC-BY 4.0 license http://creativecommons.org/licenses/by/4.0/
This document is the Published version of a Published Work that appeared in final form in PLOS ONE. To access the final edited and published work see https://doi.org/10.1371/journal.pone.0263694
Abstract
The aim of this paper is to analize the influence of professionalization over firm’s performance and the effect of two mediating variables, risk-taking and technological innovation. A total of 310 Spanish SMEs were surveyed, and the study was conducted using partial least squares path modelling (PLS-SEM) technique. The findings showed that firm’s performance is influenced by professionalization, risk-taking and technological innovation. These effects are not only direct and positive, but there are also important indirect effects that reinforce the positive effects of professionalization on firm’s performance. This research contributes to the literature on professionalization considering mediating effects of risk-taking and technological innovation in the relationship between professionalization and firm’s performance. The results provide interesting implications for theory and practice, indicating how companies can orient their strategies with the aim of gaining competitive advantage in order to increase their performance.
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Citation
Plos One 17(2) February 10, 2022
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