Moving from non-interventionism to industrial strategy: The roles of tentative and definitive governance in support of the UK biotech sector

Moving from non-interventionism to industrial strategy: The roles of tentative and definitive governance in support of the UK biotech sector
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DOI:
10.1016/j.respol.2019.01.008
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发表时间:
2019-06-01
期刊:
影响因子:
7.2
通讯作者:
Baden-Fuller, Charles
Baden-Fuller, Charles
中科院分区:
管理学1区
文献类型:
--
作者:
Hopkins, Michael M.;Crane, Philippa;Baden-Fuller, Charles

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本文开发了一个框架来描述暂定和确定的治理模式。本文以英国治疗性生物技术公司的投资者融资为背景,追溯了政策制定者如何在六种不同政策的设计和实施中融合尝试性和确定性要素,以刺激投资者对这些公司的支持。我们发现,尝试性治理和最终治理结合在一起,可以平衡确定性的需求和对技术出现的动态环境的必要响应。此外,我们表明,试探性和确定性模式的相对使用既受到更高景观层面的影响,也受到技术或部门层面因素的影响。还确定了一些挑战,例如,当国家和非国家行为者在不同时间犹豫是否参与市场时,如何保持两者之间的协同关系,而不是非此即彼的关系。
This paper develops a framework for characterising tentative and definitive governance modes. Using investor financing of UK-based therapeutic biotech firms as a context, the paper traces how policy makers have blended tentative and definitive elements in the design and implementation of six different kinds of policies to spur investor support for these firms. We find that tentative and definitive governance are used together to balance the need for certainty with necessary responsiveness to the dynamic circumstances that surround technological emergence. Moreover we show that the relative use of tentative and definitive modes is shaped as much by higher landscape-level influences as by technology or sector-level factors. Challenges are also identified, for instance, how to maintain synergistic rather than either/or relationships between state and non-state actors when both hesitate to engage with markets at different times.