The strategic responses of start-ups to regulatory constraints in the nascent drone market
Kristina Vaarst Andersen,
Marianne Harbo Frederiksen,
Mette Præst Knudsen and
Anders Dahl Krabbe
Research Policy, 2020, vol. 49, issue 10
Some start-ups treat regulatory constraints as exogenous and beyond their control, while other start-ups treat regulatory constraints as endogenous and possible to influence. However, thus far, no explanation has been offered for why start-ups differ in their responses to regulatory constraints. Based on 49 interviews with start-ups and other industry actors this paper examines start-ups’ responses to regulatory constraints in the market for drone applications. We find that variation in start-ups’ responses is instigated by start-ups’ temporal orientation. Start-ups pursuing applications targeted at present markets or future potential markets treat regulation as exogenous. In contrast, start-ups that pursue market applications bridging current and future potential markets are more likely to treat regulation as endogenous.
Keywords: M13 new firms; Start-ups, l22 firm organization and market structure, l52 industrial policy; Sectorial Planning Methods (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:respol:v:49:y:2020:i:10:s0048733320301335
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