Difference between revisions of "How do compliances and regulations affect innovation"
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(Created page with ' 1. Environment regulation and corporate innovation <br> Tough environmental standards would pressure firms to innovate, thereby stimulating growth and competitiveness. Properly …') |
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1. Environment regulation and corporate innovation <br> | 1. Environment regulation and corporate innovation <br> | ||
Tough environmental standards would pressure firms to innovate, thereby stimulating growth and competitiveness. Properly crafted environmental regulations may enhance competitiveness via innovation. By motivating and focusing research efforts and reducing uncertainty, stringent environmental regulations can help lower the cost of compliance and sometimes even increase firm profits. In a more detailed exposition, international competitiveness is a dynamic concept based on innovation, rather than a static concept solely involving cost minimization.<br> | Tough environmental standards would pressure firms to innovate, thereby stimulating growth and competitiveness. Properly crafted environmental regulations may enhance competitiveness via innovation. By motivating and focusing research efforts and reducing uncertainty, stringent environmental regulations can help lower the cost of compliance and sometimes even increase firm profits. In a more detailed exposition, international competitiveness is a dynamic concept based on innovation, rather than a static concept solely involving cost minimization.<br> | ||