The Impact of the EU General Data Protection Regulation on Innovation in Firms

Blind, Knut; Niebel, Crispin; Rammer, Christian

doi:10.2139/ssrn.4257740

Cited by 3 publications

(3 citation statements)

References 17 publications

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“…Such an interpretation is consistent with the findings of Blind et al. (2022), suggesting that the GDPR is associated with less radical and more incremental innovation.…”

supporting

confidence: 91%

Privacy regulation and firm performance: Estimating the GDPR effect globally

Frey,

Presidente

2024

Economic Inquiry

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This paper examines how privacy regulation shaped firm performance. Controlling for firm and country‐industry‐year unobserved characteristics, we compare the outcomes of firms at different levels of exposure to EU markets, before and after the enforcement of the General Data Protection Regulation (GDPR) in 2018. We find that the GDPR had the unintended consequence of harming the profitability of companies targeting European consumers through the cost channel. Technology firms experienced a 2.1% decline in profits, but not in sales. The GDPR increased extra expenses, added to firms wage bills, and accelerated patenting in GDPR‐related technology fields. The main burdens have been borne by smaller companies.

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“…Such an interpretation is consistent with the findings of Blind et al. (2022), suggesting that the GDPR is associated with less radical and more incremental innovation.…”

supporting

confidence: 91%

Privacy regulation and firm performance: Estimating the GDPR effect globally

Frey,

Presidente

2024

Economic Inquiry

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“…According to our analysis, there is a detectable impact of the GDPR on the IoT ecosystem. However, it remains di cult to quantify the impact of the GDPR more precisely and to substantiate it convincingly [13,35,36]. Our approach has used the FW age and general device age to investigate changes in EU member states after the GDPR became effective.…”

Section: Discussionmentioning

confidence: 99%

“…Indeed, there is a notable research gap when it comes to measuring the effectiveness of regulations, including the GDPR [13,35,36]. To evaluate their effectiveness, it is crucial to identify measurable critical success factors (CSFs) [14].…”

Section: Measuring the Effectiveness Of The Gdprmentioning

confidence: 99%

Responses of the European IoT Ecosystem to the European General Data Protection Regulation

Ebbers,

Friedewald

2023

Preprint

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With the proliferation of IoT devices in homes and industry, concerns have arisen about the security of the devices and the privacy of users. The General Data Protection Regulation (GDPR), which went into effect in 2018, aims to protect the rights of IoT (and other) users. One way for device manufacturers to address these rights is through firmware updates. However, the extent of the GDPR's impact on EU member states remains uncertain. This paper presents a comprehensive analysis that examines changes in firmware age, as well as the overall age of devices, following the implementation of GDPR in the EU. The analysis uses approximately 400 terabytes of real-world IoT data from Censys.io, spanning from 2015 to the end of 2021. Using grouped average age values, we perform and compare difference-in-differences analyses for devices deployed in all EU member states and regions. We show that devices deployed in Northern Europe tend to be the most up-to-date, while Eastern Europe lags behind. This work provides initial insights into the impact of the GDPR in the IoT ecosystem, and highlights the need for further research to gain a deeper understanding of the effects.

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Open Markets Under Pressure

Dötsch

2024

Economic Policy in the Digital Age

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The Impact of the EU General Data Protection Regulation on Innovation in Firms

Cited by 3 publications

References 17 publications

Privacy regulation and firm performance: Estimating the GDPR effect globally

Privacy regulation and firm performance: Estimating the GDPR effect globally

Responses of the European IoT Ecosystem to the European General Data Protection Regulation

Open Markets Under Pressure

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