规模壁垒:法规对新兴产业创业战略的影响

John F. McArdle, Alice J. de Koning, Arlinda Sherifi
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引用次数: 0

摘要

目的 本文旨在讨论加拿大的监管框架在娱乐大麻业合法化第一阶段对创业企业战略的影响。大麻非刑罪化要求在联邦、省和市各级进行一系列监管改革。各省独立发展合法市场,对创业战略产生了不同影响。本文描述了新生行业第一阶段出现的价值链,重点关注企业的行动。作者利用政府出版物、新闻报道(尤其是商业新闻)以及业内人士在公开场合的个人交流,进行了定性叙述分析。本文包括四个简短的案例研究,以说明新兴产业的新兴价值链。研究结果研究结果突出了监管框架对创业战略的影响。我们发现,公共政策对创业者和创业战略有重大影响。管辖区之间的差异限制了向不同省份的扩张,对区域经济发展产生了影响。作者的研究结果表明,企业在参与新兴产业时可以制定符合法规的发展战略,但必须应对额外的风险、资本成本和不确定性。本研究的独创性在于详细描述了加拿大合法化娱乐大麻产业的第一阶段,并深入分析了新兴产业的动态。
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Barriers to scale: the effect of regulations on entrepreneurial strategies in a nascent industry

Purpose

This paper aims to discuss the effect of Canada’s regulatory framework on the strategies of entrepreneurial businesses during the first phase of legalization of the recreational cannabis industry. Decriminalization of cannabis required a host of regulatory changes at the federal, provincial and municipal levels. Each province developed legal markets independently, differentially impacting entrepreneurial strategies. This paper describes the value chain that emerged in the first phase of the nascent industry, focusing on the actions of the businesses.

Design/methodology/approach

The authors develop a qualitative narrative analysis using government publications, press articles (especially from the business press) and personal communications of industry insiders speaking in public settings. The paper includes four short case studies to illustrate the emerging value chain of the nascent industry.

Findings

The study’s findings highlight the effect of regulatory frameworks on entrepreneurial strategies. We find that public policies had a significant impact on entrepreneurs and startup strategies. Inter-jurisdictional differences limited expansion into different provinces, with implications for regional economic development. Achieving public policy goals was delayed as a result of regulatory challenges that impacted industry development.

Practical implications

The authors’ findings show enterprises may develop growth strategies that comply with regulations when participating in nascent industries, but they must cope with extra risks, capital costs and uncertainty. The analysis also illustrates the value of engaging in government-industry collaboration to improve emerging regulatory frameworks.

Originality/value

The originality of this research consists of the detailed description of the first phase of Canada’s legalized recreational cannabis industry and the insight gained into the dynamics of nascent industries.

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来源期刊
CiteScore
3.70
自引率
15.80%
发文量
22
期刊介绍: Institutions – especially public policies – are a significant determinant of economic outcomes; entrepreneurship and enterprise development are often the channel by which public policies affect economic outcomes, and by which outcomes feed back to the policy process. The Journal of Entrepreneurship & Public Policy (JEPP) was created to encourage and disseminate quality research about these vital relationships. The ultimate aim is to improve the quality of the political discourse about entrepreneurship and development policies. JEPP publishes two issues per year and welcomes: Empirically oriented academic papers and accepts a wide variety of empirical evidence. Generally, the journal considers any analysis based on real-world circumstances and conditions that can change behaviour, legislation, or outcomes, Conceptual or theoretical papers that indicate a direction for future research, or otherwise advance the field of study, A limited number of carefully and accurately executed replication studies, Book reviews. In general, JEPP seeks high-quality articles that say something interesting about the relationships among public policy and entrepreneurship, entrepreneurship and economic development, or all three areas. Scope/Coverage: Entrepreneurship, Public policy, Public policies and behaviour of economic agents, Interjurisdictional differentials and their effects, Law and entrepreneurship, New firms; startups, Microeconomic analyses of economic development, Development planning and policy, Innovation and invention: processes and incentives, Regional economic activity: growth, development, and changes, Regional development policy.
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