隐私法规与公司业绩：估算 GDPR 在全球的影响

IF 1.7 4区经济学 Q2 ECONOMICS

Economic Inquiry Pub Date : 2024-03-04 DOI:10.1111/ecin.13213

Carl Benedikt Frey, Giorgio Presidente

{"title":"隐私法规与公司业绩：估算 GDPR 在全球的影响","authors":"Carl Benedikt Frey, Giorgio Presidente","doi":"10.1111/ecin.13213","DOIUrl":null,"url":null,"abstract":"<p>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.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":null,"pages":null},"PeriodicalIF":1.7000,"publicationDate":"2024-03-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecin.13213","citationCount":"0","resultStr":"{\"title\":\"Privacy regulation and firm performance: Estimating the GDPR effect globally\",\"authors\":\"Carl Benedikt Frey, Giorgio Presidente\",\"doi\":\"10.1111/ecin.13213\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<p>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.</p>\",\"PeriodicalId\":51380,\"journal\":{\"name\":\"Economic Inquiry\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":1.7000,\"publicationDate\":\"2024-03-04\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecin.13213\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Economic Inquiry\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://onlinelibrary.wiley.com/doi/10.1111/ecin.13213\",\"RegionNum\":4,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q2\",\"JCRName\":\"ECONOMICS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Economic Inquiry","FirstCategoryId":"96","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1111/ecin.13213","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}

引用次数: 0

摘要

本文探讨了隐私法规如何影响公司业绩。在控制了企业和国家-行业-年份的非观测特征后，我们比较了 2018 年《通用数据保护条例》（GDPR）实施前后不同水平的企业在欧盟市场的暴露结果。我们发现，GDPR 意外地损害了通过成本渠道面向欧洲消费者的公司的盈利能力。科技公司的利润下降了 2.1%，但销售额并未下降。GDPR 增加了额外开支，增加了公司的工资支出，并加速了与 GDPR 相关技术领域的专利申请。主要负担由规模较小的公司承担。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

Privacy regulation and firm performance: Estimating the GDPR effect globally

查看原文本刊更多论文

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 (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.

求助全文

通过发布文献求助，成功后即可免费获取论文全文。去求助

来源期刊

Economic Inquiry ECONOMICS-

CiteScore

3.80

自引率

5.60%

发文量

期刊介绍： Published since 1962, (formerly Western Economic Journal), EI is widely regarded as one of the top scholarly journals in its field. Besides containing research on all economics topic areas, a principal objective is to make each article understandable to economists who are not necessarily specialists in the article topic area. Nine Nobel laureates are among EI long list of prestigious authors.