The effect of entrepreneurial behavior on corporate venture capital with a fintech approach with the mediating role of risk taking

The significant growth in scholarly research on CVC investments may be partly related to the volume of participant behaviors over many years. In this situation, there will inevitably remain only companies whose managers are equipped with risk-taking skills, therefore, the entrepreneurial behavior of employees is described as one of the prominent aspects in facing competitive advantage. The aim of the present study is to investigate the effect of entrepreneurial behavior on corporate venture capital with the mediating role of risk taking. This research is applied in terms of purpose and descriptive-correlation in terms of nature and method. The statistical population of this research includes 144 people from the general office of Maskan Bank. In this research, Cochran's sampling formula was used to calculate the sample size. In this formula, with a possible accuracy of about 5% and assuming the highest dispersion of the studied traits, the sample size is 104 people. A questionnaire tool was used to collect data. Structural equation method and SmartPLS software were used to check research hypotheses. The obtained results show that when middle level managers perform entrepreneurial behavior, they have to influence their subordinates to imitate their performance behaviors, which ultimately leads to superior service delivery. In addition, the findings of this study can provide insights for policymakers in formulating and implementing human capital development policies and allow banks to benchmark themselves to improve their ability to create value. Considering the increase in global competition and the complexity of the market, it is hoped that this study will help the banking sector to develop effective strategies in stimulating entrepreneurial behaviors among its managerial employees. Hence, for established organizations such as the banking sector, it is critical to foster entrepreneurial behavior, especially at all middle management levels, in order to enhance performance and improve competitive advantage.