How does regulatory uncertainty shape the innovation process? Evidence from the case of nanomedicine

Seokbeom Kwon (), Jan Youtie, Alan Porter and Nils Newman
Additional contact information
Seokbeom Kwon: Sungkyunkwan University
Alan Porter: Georgia Institute of Technology
Nils Newman: Search Technology Inc.

The Journal of Technology Transfer, 2024, vol. 49, issue 1, No 10, 262-302

Abstract: Abstract This study investigates the effect of regulatory uncertainty on the translation of scientific discovery on emerging research topics to technical applications in science-driven industry. Our empirical analysis using the case of the US Federal Drug and Food Administration’s release of the report on the regulatory approach to nanomedicine in 2007 shows that; (1) the regulatory uncertainty decelerated the translation of nanomedicine research to technical applications, (2) this effect was particular for the nanomedicine research on emerging topics in the field. Our further analysis suggests that the effect of the regulatory uncertainty originated from the suppressed business activities in the field where the regulatory uncertainty presents. Our study elaborates on how regulatory authority actions shape the innovation process by shedding light on the impact of regulatory uncertainty on the development of technical applications of an emerging scientific area.

Keywords: Regulatory uncertainty; Nanomedicine; Emerging technology; Patent-paper citation; Innovation (search for similar items in EconPapers)
JEL-codes: L51 O31 O33 O38 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s10961-022-09980-8 Abstract (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:jtecht:v:49:y:2024:i:1:d:10.1007_s10961-022-09980-8

Ordering information: This journal article can be ordered from
http://www.springer. ... nt/journal/10961/PS2

DOI: 10.1007/s10961-022-09980-8

Access Statistics for this article

The Journal of Technology Transfer is currently edited by Albert N. Link, Donald S. Siegel, Barry Bozeman and Simon Mosey

More articles in The Journal of Technology Transfer from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().