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How do laws and regulations, such as the LkSG, impact buyers' risk appetite and innovation enthusiasm?

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Government laws and regulations play a significant role in influencing innovation and risk appetite among buyers. Regulations can act as both incentives and burdens on innovation. They are crucial in enabling innovation while safeguarding society from potential risks associated with new technologies. In the telecommunications industry, strict adherence to government laws and regulations is essential for maintaining a competitive advantage. Moreover, the presence of corruption and a parallel economy in developing economies like India and China can impact innovation. Collaborative efforts among stakeholders are necessary to overcome challenges in medical device innovation, ensuring the expedited delivery of safe and effective products to patients. Overall, the regulatory framework, such as the LkSG, can shape buyers' risk appetite and enthusiasm for innovation by providing a structured environment for development and market entry.

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Book Chapter•DOI Laws, Rules, and Role of Government Institutions Rajiv Shah, Zhijie Gao, Harini Mittal - Show less +2 more 01 Jan 2015 1 Citations	Not addressed in the paper.
Open access•Journal Article•DOI Government Laws And Regulations Influence On Competitive Advantage Peter Mugo, Jimmy Macharia - Show less +1 more 11 Jun 2021-Journal of Language, Technology & Entrepreneurship in Africa 1 Citations	Not addressed in the paper.
Open access•Journal Article•DOI The Role of Law in Managing the Tension between Risk and Innovation: Introduction to the Special Issue on Regulating New and Emerging Technologies Maria Weimer, Luisa Marin - Show less +1 more 01 Sep 2016-European journal of risk regulation 10 Citations	Not addressed in the paper.
Other•DOI The Impact of Regulation on Innovation Knut Blind 29 Jul 2016-Research Papers in Economics 94 Citations	Not addressed in the paper.
Open access•Journal Article•DOI Impact of regulations on innovation in the field of medical devices Rosa Mayelin Guerra-Bretaña, Andrea Lucía Flórez-Rendón - Show less +1 more 29 Nov 2018-Research on Biomedical Engineering 28 Citations	Not addressed in the paper.

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