TY - JOUR
T1 - Examining the roles of government policy on innovation
AU - Patanakul, Peerasit
AU - Pinto, Jeffrey K.
N1 - Funding Information:
Several pieces of evidence support this proposition. Japan's Ministry of Innovation and Trade (MITI) has, for over 50 years, promoted a policy of direct support for private firm R&D. Likewise, since the 1980s, Taiwan's Ministry of Economic Affairs (MOEA) has accounted for nearly 10% of the country's total R&D expenditures ( Chang & Hsu, 1997 ). Another example is the TRIUMF program of the Canadian government. TRIUMF represents a joint collaboration between the Canadian national and provincial governments and several universities to explore pure and applied particle physics research. To promote scientific research and lay the foundation for new discoveries and new technologies, the US government makes continuous investments in federally-funded research and increases funding for three key basic research agencies; namely, the National Science Foundation, the Department of Energy's Office of Science, and the National Institute of Standards and Technology laboratories ( Whitehouse, 2011 ). These innovation policies help improve knowledge or information and therefore enhance the technical capacity or capability of organizations and in turn, promote innovation. As these policies have been implemented, it is worth investigating as to whether or not they have resulting and differential impacts on different types of innovation. As radical innovation requires new breakthrough knowledge in order to address the high degree of technological uncertainty, the policy that promotes scientific research should have more impact on radical innovations than on incremental innovations. Thus: Proposition 3.1
PY - 2014
Y1 - 2014
N2 - Research has shown that government policies and regulations can promote or hinder innovation. Policies and regulations that are stringent and focused can potentially stimulate significant and fundamental changes in product and process technology. However, policies and regulations can create obstacles and restrictions that sometimes pose a hindrance to innovation. Thus, while a number of innovation diffusion policies have been practiced in an incremental and ad hoc manner in many developed and developing countries, absent a set of research propositions, little empirical work has been well-positioned to investigate the effectiveness of these policies. In reviewing the existing literature on policy and innovation, it is possible to propose several research propositions regarding the role of government policy in promoting and sustaining innovation through the mediating factors, namely, the firm's willingness, capacity, and opportunity to change. In addition, the current state of the field on the theory and practice of innovation offers the opportunity to suggest propositions for investigating how government policies impact two different types of innovation, namely incremental and radical innovations. These research propositions offer implications for the policy makers and managers in general.
AB - Research has shown that government policies and regulations can promote or hinder innovation. Policies and regulations that are stringent and focused can potentially stimulate significant and fundamental changes in product and process technology. However, policies and regulations can create obstacles and restrictions that sometimes pose a hindrance to innovation. Thus, while a number of innovation diffusion policies have been practiced in an incremental and ad hoc manner in many developed and developing countries, absent a set of research propositions, little empirical work has been well-positioned to investigate the effectiveness of these policies. In reviewing the existing literature on policy and innovation, it is possible to propose several research propositions regarding the role of government policy in promoting and sustaining innovation through the mediating factors, namely, the firm's willingness, capacity, and opportunity to change. In addition, the current state of the field on the theory and practice of innovation offers the opportunity to suggest propositions for investigating how government policies impact two different types of innovation, namely incremental and radical innovations. These research propositions offer implications for the policy makers and managers in general.
UR - http://www.scopus.com/inward/record.url?scp=84905845260&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84905845260&partnerID=8YFLogxK
U2 - 10.1016/j.hitech.2014.07.003
DO - 10.1016/j.hitech.2014.07.003
M3 - Article
AN - SCOPUS:84905845260
SN - 1047-8310
VL - 25
SP - 97
EP - 107
JO - Journal of High Technology Management Research
JF - Journal of High Technology Management Research
IS - 2
ER -