A Study on the Effect of Government Regulations and Regulatory Improvement Policies on the Innovation Efficiency of Logistics Companies
Yeong Jun Kim, Sehwon Kang, Changhee Kim · Journal of Korea Service Management Society · 2021
The government has been promoting various policies supporting innovation in the logistics industry in response to the 4th industrial revolution. However, in the domestic logistics industry, the innovation and introduction of new logistics technologies has been delayed, and launching innovative new businesses are discouraged due to an inadequate legal system and rigid regulations. In that sense, this study measures the innovation performance of domestic logistics companies and impacts of various government regulations and regulatory improvement policies on innovation performance. As a result, regulations such as ‘Financial Market Regulation,’ ‘Separation of Banking and Commerce,’ and ‘Protection of Intellectual Property(IP) Rights’ and one regulatory improvement policy, ‘Relaxation of Anti-Competitive Regulations,’ positively impacted innovation efficiency. Accordingly, this study provides practical implications for managers as well as policy makers as to which regulations and regulatory improvement policies lead to higher innovation performance in the logistics industry. The implications of this study help managers gain deep insights to achieve innovation performance and help policy makers establish innovation supportive regulations and policies in the future.