Privacy regulation and firm performance: Estimating the GDPR effect globally.
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 (G...
| Published in: | Economic Inquiry Vol. 62; no. 3; pp. 1074 - 1090 |
|---|---|
| Main Authors: | , |
| Format: | Article |
| Published: |
Wiley-Blackwell
Jul2024
|
| Subjects: | |
| Online Access: | View this record in EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=178020556&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 178020556 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00952583 EIQ jtl: Economic Inquiry issn: 00952583 maglogo: Y pubinfo: dt: Jul2024 vid: 62 iid: 3 pid: 480 pub: Wiley-Blackwell artinfo: ui: 178020556 10.1111/ecin.13213 ppf: 1074 ppct: 16 formats: fmt: – @attributes: type: T – @attributes: type: C – @attributes: type: P size: 826KB tig: atl: Privacy regulation and firm performance: Estimating the GDPR effect globally. aug: au: Frey, Carl Benedikt Presidente, Giorgio affil: Oxford Internet Institute, University of Oxford, Oxford, UK Oxford Martin School, University of Oxford, Oxford, UK Institute for European Policy‐Making, Bocconi University, Milan, Italy su: Small business Privacy Organizational performance General Data Protection Regulation, 2016 Personally identifiable information sug: subj: Small business Privacy Organizational performance General Data Protection Regulation, 2016 Personally identifiable information keyword: firm performance GDPR innovation patenting privacy regulation firm performance GDPR innovation patenting privacy regulation ab: 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. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
|---|