Formal standardisation positively related to firm performance in German manufacturing sector
The authors investigate how the participation within formal standardization is related to the performance of 1561 German companies. A Cobb-Douglas production function is estimated in order to use the Solow-residuals as indicator for the firm performance. Participation within formal standardization is measured by the number of committee seats at the German Institute for Standardization (DIN). The results suggest that participation within formal standardization is positively related to firm performance in the manufacturing sector. In the service sector, no clear evidence for such a relationship is found.
A copy of the research paper can be downloaded from the Springer website.
Paul Wakke – Chair of Innovation Economics, Technische Universität Berlin
Knut Blind – Chair of Innovation Economics, Technische Universität Berlin