Abstract
One significant obstacle in establishing the sustainable business ecosystems described in the previous chapter is the regulatory environment. Too often, the law and other forms of regulation distort incentives for good actors and fail to respond effectively against the bad ones. This is hardly surprising. Much of the regulatory environment is designed for an old world of centralized and hierarchical corporations and the mitigation of information asymmetries and agency risk.
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Notes
- 1.
Cheffins (2013).
- 2.
- 3.
Armour and McCahery (2006).
- 4.
See Cohen (1991).
- 5.
See Braithwaite and Drahos (2000).
- 6.
See Fenwick (2016).
- 7.
Calliess and Zumbansen (2010).
- 8.
Noonan (2015).
- 9.
See Chen and Soltes (2018).
- 10.
Fenwick and Vermeulen (2019).
- 11.
Baudrillard (1994, p. 2).
- 12.
See Moses (2013).
- 13.
See McGrath (2013).
- 14.
Allenby (2011, p. 3).
- 15.
Butenko and Larouche (2015, p. 66).
- 16.
- 17.
Marchant and Wallach (2011, p. 136).
- 18.
See Callon et al. (2009).
- 19.
See Arbesman (2017).
- 20.
Schumpeter (1962, pp. 83–84).
- 21.
Popper (2003, p. 86).
- 22.
See Carson (2015).
- 23.
See Garber (2014).
- 24.
See Baker (2014).
- 25.
See Kahn and Sunstein (2005).
- 26.
See Farkas and Schou (2019).
- 27.
See Arbesman (2017).
- 28.
Davies (2016).
- 29.
See Seib (2016).
- 30.
See Kirchner et al. (2005).
- 31.
Callon et al (2009).
- 32.
Calliess and Zumbansen (2010).
- 33.
Popper (1961, p. 46).
- 34.
See Black (2008).
- 35.
Black (2005, p. 196).
- 36.
See Fenwick et al. (2019).
- 37.
See Zetzsche et al. (2017).
- 38.
See Financial Conduct Authority (2015).
- 39.
See Fenwick et al. (2020).
- 40.
- 41.
See Kaal and Vermeulen (2017).
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Fenwick, M., Vermeulen, E.P.M., Kono, T., Joubert, T. (2023). Regulation Tomorrow. In: Organizing-for-Innovation. Perspectives in Law, Business and Innovation. Springer, Singapore. https://doi.org/10.1007/978-981-19-7234-8_8
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