Regulation in Nascent Industries: Perspectives on Market Entry, Innovation, and Corporate Political Strategy

This dissertation examines regulation in nascent industries and comprises three studies on market entry, innovation, and corporate political strategy.

This dissertation examines regulation in nascent industries. While scholars and industry experts emphasize the importance of a favorable regulatory environment for industry growth, particularly the regulatory uncertainty that is often prevalent during the early phases is known to affect firms' strategic behavior. By focusing my analyses on the U.S. drone industry, I conducted three different studies providing insights into market entry, innovation, and corporate political strategy of firms in nascent industries where the regulatory framework is yet to be fully developed: (1) An examination of how regulatory uncertainty affects innovation activities of established firms and startups, (2) a perspective on regulatory engagement types of firms, and (3) an exploration of industry-regulator collaborations and market entry approvals.

Autorentext
Virginia Herbst has been a researcher at the Dr. Theo Schöller endowed Chair for Technology and Innovation Management (Prof. Dr. Joachim Henkel) at the Technical University of Munich. Her research focuses on innovation and regulation in nascent industries with a particular focus on the U.S. drone industry.