The impact of standards and regulation on innovation in uncertain markets

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dc.contributor.authorBlind, Knut
dc.contributor.authorPetersen, Sören S.
dc.contributor.authorRiillo, Cesare A.F.
dc.date.accessioned2019-09-19T08:31:08Z
dc.date.available2019-09-19T08:31:08Z
dc.date.issued2017
dc.description.abstractThis study analyses the impact of formal standards and regulation on firms’ innovation efficiency, considering different levels of market uncertainty. We argue that formal standards and regulation have different effects, depending on the extent of market uncertainty derived from theoretical considerations about information asymmetry and regulatory capture. Our empirical analysis is based on the German Community Innovation Survey (CIS). The results show that formal standards lead to lower innovation efficiency in markets with low uncertainty, while regulations have the opposite effect. In cases of high market uncertainty, we observe that regulation leads to lower innovation efficiency, while formal standards have the reverse effect. Our results have important implications for the future application of both instruments, showing that their benefits heavily depend on the market environment.en
dc.description.sponsorshipDFG, 163866004, GRK 1672: Innovationsgesellschaft heute: Die reflexive Herstellung des Neuenen
dc.identifier.eissn1873-7625
dc.identifier.issn0048-7333
dc.identifier.urihttps://depositonce.tu-berlin.de/handle/11303/10054
dc.identifier.urihttp://dx.doi.org/10.14279/depositonce-9045
dc.language.isoen
dc.rights.urihttps://creativecommons.org/licenses/by/4.0/
dc.subject.ddc330 Wirtschaftde
dc.subject.ddc500 Naturwissenschaften und Mathematikde
dc.subject.ddc600 Technik, Technologiede
dc.subject.otherinnovationen
dc.subject.otherregulationen
dc.subject.otherformal standardizationen
dc.subject.otherinformation asymmetryen
dc.subject.otherregulatory captureen
dc.subject.otherinnovation efficiencyen
dc.titleThe impact of standards and regulation on innovation in uncertain marketsen
dc.typeArticleen
dc.type.versionpublishedVersionen
dcterms.bibliographicCitation.doi10.1016/j.respol.2016.11.003
dcterms.bibliographicCitation.issue1
dcterms.bibliographicCitation.journaltitleResearch Policyen
dcterms.bibliographicCitation.originalpublishernameElsevieren
dcterms.bibliographicCitation.originalpublisherplaceAmsterdamen
dcterms.bibliographicCitation.pageend264
dcterms.bibliographicCitation.pagestart249
dcterms.bibliographicCitation.volume46
tub.accessrights.dnbfree
tub.affiliationFak. 7 Wirtschaft und Management::Inst. Technologie und Management (ITM)::FG Innovationsökonomiede
tub.affiliation.facultyFak. 7 Wirtschaft und Managementde
tub.affiliation.groupFG Innovationsökonomiede
tub.affiliation.instituteInst. Technologie und Management (ITM)de
tub.publisher.universityorinstitutionTechnische Universität Berlinde

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