The perceived benefits of the European Union standardization: An exploration according to firm size and firm capabilities

Dendi Ramdani, Arjen van Witteloostuijn, Johanna Vanderstraeten, Julie Hermans, Marcus Dejardin

Research output: Contribution to journalArticle

Abstract

We examine how the European Union (EU) standardization policy is perceived by firms by exploiting a survey dataset on firms’ benefits. We explore whether perceived benefits are associated with firm size and firm capabilities. We find strong evidence that the perceived benefits of standardization is not equally distributed across firm size classes, industries and countries. Our study indicates that small ventures are less likely to perceive benefits from EU standardization than their larger counterparts, in particular in Eastern European and Mediterranean countries. Additionally, we find evidence that firms with the capabilities to be innovative, exporting and that employ foreign labor are more likely to perceive benefits from standardization than their non–innovative, non–exporting and non–foreign labour–employing counterparts. We suggest EU and EU Member States, in particular in Eastern and Mediterranean Europe, to focus on facilitating standardization compliance by enhancing the critical firm capabilities identified. Stimulation efforts could also be considered to address simultaneously supporting capabilities and standardization literacy.

Original languageEnglish
Pages (from-to)379–396
Number of pages18
JournalInternational Economics and Economic Policy
Volume 16
Issue number2
DOIs
Publication statusPublished - 1 Apr 2019

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European Union
Firm capabilities
Firm size
Standardization
Perceived benefits
Venture
Exporting
Labor
Industry
Literacy

Keywords

  • Country effect
  • European standardization
  • Firm capabilities
  • Firm size

Cite this

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abstract = "We examine how the European Union (EU) standardization policy is perceived by firms by exploiting a survey dataset on firms’ benefits. We explore whether perceived benefits are associated with firm size and firm capabilities. We find strong evidence that the perceived benefits of standardization is not equally distributed across firm size classes, industries and countries. Our study indicates that small ventures are less likely to perceive benefits from EU standardization than their larger counterparts, in particular in Eastern European and Mediterranean countries. Additionally, we find evidence that firms with the capabilities to be innovative, exporting and that employ foreign labor are more likely to perceive benefits from standardization than their non–innovative, non–exporting and non–foreign labour–employing counterparts. We suggest EU and EU Member States, in particular in Eastern and Mediterranean Europe, to focus on facilitating standardization compliance by enhancing the critical firm capabilities identified. Stimulation efforts could also be considered to address simultaneously supporting capabilities and standardization literacy.",
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The perceived benefits of the European Union standardization : An exploration according to firm size and firm capabilities. / Ramdani, Dendi; van Witteloostuijn, Arjen; Vanderstraeten, Johanna; Hermans, Julie; Dejardin, Marcus.

In: International Economics and Economic Policy, Vol. 16, No. 2, 01.04.2019, p. 379–396 .

Research output: Contribution to journalArticle

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