Risk Management and Innovation: Analytical Mapping of Risk Management in Innovation Using CiteSpace

The uncertainty involved in innovation makes it inseparable from risk management, and therefore, how to effectively apply risk management to innovation has been a topic of interest in industry and academia. However, due to the interdisciplinary nature of risk management in innovation (RMI), no study has systematically analyzed the knowledge structure of RIM. To fill the gap, this paper used CiteSpace to explore how risk management has been involved in innovation between 1988 and 2021. First, this study investigated the temporal distribution of RMI publications. Second, this study used co-authorship analysis to identify scientific collaboration networks and in doing so, to understand productive authors, institutions, and countries in the field. Third, this study used co-citation analysis to unearth the key journals, authors, and literature in the area. Finally, using literature cluster and timeline view analysis, this study explores development path of RMI. The results show that although China is the most productive country, it is not as good as Europe and the United States in terms of international cooperation. Abreu A is a prolific author, with a collaborative group centered on Alex Zabeo (4) containing ten authors. Although Sustainability is the most productive journal in the RMI field, management science is the most popular journal. Finally, our study revealed the top 6 research themes in RMI and find that firm performance is always the focus of RMI research.