The impact of standards and regulation on innovation in uncertain markets

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• 作者：Knut Blind^a ; ^{knut.blind@tu-berlin.de} ; Sö ; ren S. Petersen^b ; ^{soeren.s.petersen@tu-berlin.de} ; ^{petersen.soeren.simon@gmail.com} ; Cesare A.F. Riillo^c ; ^d ; ^{cesare.riillo@statec.etat.lu}
• 关键词：Innovation ; Regulation ; Formal standardization ; Information asymmetry ; Regulatory capture ; Innovation efficiency
• 刊名：Research Policy
• 出版年：2017
• 出版时间：February 2017
• 年：2017
• 卷：46
• 期：1
• 页码：249-264
• 全文大小：1480 K
• 卷排序：46

文摘

We analyse the impact of formal standards and regulation on companies’ innovation efficiency in different levels of technological uncertainty. Our model is based on the theoretical concepts of information asymmetry and regulatory capture. Results based on Community Innovation survey support our hypotheses that: (1) in case of low market uncertainty formal standards leads to lower innovation efficiency while regulation causes the opposite effect. (2) In case of high market uncertainty regulation leads to lower innovation efficiency while formal standardization has a reverse effect.