Employment protection laws and the commercialization of new products: A cross-country study

IF 7.5 1区管理学 Q1 MANAGEMENT Research Policy Pub Date : 2024-06-12 DOI:10.1016/j.respol.2024.105039

Maarten Cerpentier , Anja Schulze , Tom Vanacker , Shaker A. Zahra

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Abstract

Although there are opposing theoretical arguments on the relationship between the strength of a country's employment protection laws (EPLs) and innovation, empirical evidence tilts towards a positive relationship. However, research has mainly focused on the early stages of the innovation process, such as R&D and patenting. This study examines the role of EPLs in the later stages of the innovation process: the commercialization of new products. In particular, we focus on EPLs' relationship with two different new product commercialization outcomes: the launch and subsequent sales of new products. Using data on small European firms, we find that, controlling for invention, stricter EPLs are negatively associated with firms' likelihood of launching new products, but positively associated with the sales from new products. We discuss the implications of our results for theory and practice.

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就业保护法与新产品的商业化：跨国研究

尽管关于一国就业保护法（EPLs）的力度与创新之间的关系存在对立的理论观点，但经验证据倾向于两者之间存在正相关关系。然而，研究主要集中在创新过程的早期阶段，如研发和专利申请。本研究探讨了 EPL 在创新过程后期阶段（新产品商业化）的作用。特别是，我们重点研究了电子产品专利与两种不同的新产品商业化结果之间的关系：新产品的发布和后续销售。利用欧洲小型企业的数据，我们发现，在控制发明的情况下，更严格的环境优先权与企业推出新产品的可能性呈负相关，但与新产品的销售额呈正相关。我们讨论了我们的结果对理论和实践的影响。

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来源期刊

Research Policy MANAGEMENT-

CiteScore

12.80

自引率

6.90%

发文量

182

期刊介绍： Research Policy (RP) articles explore the interaction between innovation, technology, or research, and economic, social, political, and organizational processes, both empirically and theoretically. All RP papers are expected to provide insights with implications for policy or management. Research Policy (RP) is a multidisciplinary journal focused on analyzing, understanding, and effectively addressing the challenges posed by innovation, technology, R&D, and science. This includes activities related to knowledge creation, diffusion, acquisition, and exploitation in the form of new or improved products, processes, or services, across economic, policy, management, organizational, and environmental dimensions.