@article{ART003050064},
author={Choi, Dong Ook},
title={The Effect of 2012 Cosmetics Act Amendment on Product Innovation},
journal={Industry Promotion Research},
issn={2466-1139},
year={2024},
volume={9},
number={1},
pages={81-87},
doi={10.21186/IPR.2024.9.1.081}
TY - JOUR
AU - Choi, Dong Ook
TI - The Effect of 2012 Cosmetics Act Amendment on Product Innovation
JO - Industry Promotion Research
PY - 2024
VL - 9
IS - 1
PB - Industrial Promotion Institute
SP - 81
EP - 87
SN - 2466-1139
AB - This research aims to empirically investigate the innovative effects of 2012 Cosmetics Act amendment on the cosmetics industry. By utilizing production data from the Korea Food and Drug Administration for the period 2008-2014 and estimating a panel fixed-effects model, the study demonstrates a significant positive correlation between the legislative revision and firm production. Additionally, it is observed that both the number of brands and new products per manufacturer significantly increased following the amendment. Further, this study shows a significant positive correlation between the amendment and the potential market size, with the potential market size positively correlated with innovation. The findings of this study highlight that government regulatory improvements can positively impact industrial innovation and promotion.
KW - Cosmetics Act;Regulation;Cosmetics Industry;Panel Fixed-Effects Model;Innovative Effects
DO - 10.21186/IPR.2024.9.1.081
ER -
Choi, Dong Ook. (2024). The Effect of 2012 Cosmetics Act Amendment on Product Innovation. Industry Promotion Research, 9(1), 81-87.
Choi, Dong Ook. 2024, "The Effect of 2012 Cosmetics Act Amendment on Product Innovation", Industry Promotion Research, vol.9, no.1 pp.81-87. Available from: doi:10.21186/IPR.2024.9.1.081
Choi, Dong Ook "The Effect of 2012 Cosmetics Act Amendment on Product Innovation" Industry Promotion Research 9.1 pp.81-87 (2024) : 81.
Choi, Dong Ook. The Effect of 2012 Cosmetics Act Amendment on Product Innovation. 2024; 9(1), 81-87. Available from: doi:10.21186/IPR.2024.9.1.081
Choi, Dong Ook. "The Effect of 2012 Cosmetics Act Amendment on Product Innovation" Industry Promotion Research 9, no.1 (2024) : 81-87.doi: 10.21186/IPR.2024.9.1.081
Choi, Dong Ook. The Effect of 2012 Cosmetics Act Amendment on Product Innovation. Industry Promotion Research, 9(1), 81-87. doi: 10.21186/IPR.2024.9.1.081
Choi, Dong Ook. The Effect of 2012 Cosmetics Act Amendment on Product Innovation. Industry Promotion Research. 2024; 9(1) 81-87. doi: 10.21186/IPR.2024.9.1.081
Choi, Dong Ook. The Effect of 2012 Cosmetics Act Amendment on Product Innovation. 2024; 9(1), 81-87. Available from: doi:10.21186/IPR.2024.9.1.081
Choi, Dong Ook. "The Effect of 2012 Cosmetics Act Amendment on Product Innovation" Industry Promotion Research 9, no.1 (2024) : 81-87.doi: 10.21186/IPR.2024.9.1.081
