The Effect of Regulatory Policies on the Innovation Capability of Iranian Pharmaceutical Companies

Document Type : Original Article

Authors

1 Faculty of Management and Accounting of Allameh Tabataba’i University, Tehran, Iran

2 Faculty of Management and Accounting of Allameh Tabataba’i University

Abstract

Many scholars focus on the effects of policies that make response to market failures and systems. To understand behaviour of the firm as a result of government interventions, they have tried to develop the concept of Behavioural Additionality (BA) in Innovation Policy Assessment. This research emphasis on the Innovation Capability and its Micro-Foundation as indicators of the firms behaviour that received less attention by scholars. Therefore, we attempt to evaluate the effects of three regulatory policies (Generic plan, Pricing system and Tariff system) on innovative behaviour (Innovation capability and Performance) in Iranian pharmaceutical companies. This study is a cross-sectional study which uses Multi-Case study strategy and cognitive-analytic tool, the effect of regulatory policies on three levels of five policy objectives (Market Expansion, Availability Enhancement, Quality Promotion, R&D Motivation, and Value Chain Improvement), Micro-Foundation of Innovation Capability (Innovation Intelligence, Decision Making, Combination, and Governance) and Innovative Performance (Product and Process). Also, using the sensitivity analysis of the effects of the following 26 scenarios, the three levels of the component have been considered. The results show that although these policies are aimed at policy goals of Market Expansion, Availability Enhancement, and Value Chain Improvement, as well as on the process innovation, they have been able to create patterns in the innovation and management intelligence of firms, but their negative effects on Quality Promotion, R&D Motivation as well as product innovation.

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