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The economic significance of industrial design awards: A conceptual framework
Gerda Gemser,
Nachoem M. Wijnberg,
Gerda Gemser
Associate Professor of Strategy and Business Environment, Faculty of Management and Organization, University of Groningen
Search for more papers by this authorNachoem M. Wijnberg
Professor of Industrial Economics and Organization, Faculty of Management and Organization, University of Groningen
Search for more papers by this authorGerda Gemser,
Nachoem M. Wijnberg,
Gerda Gemser
Associate Professor of Strategy and Business Environment, Faculty of Management and Organization, University of Groningen
Search for more papers by this authorNachoem M. Wijnberg
Professor of Industrial Economics and Organization, Faculty of Management and Organization, University of Groningen
Search for more papers by this authorAbstract
This paper explores the importance of industrial design awards in shaping competition. We propose that there exists a positive relationship between winning industrial design awards and the corporate performance of the award-winner, and that this relationship is moderated by, first, the type of products involved, and second, by the reputation of the award. The reputation of an award, in turn, is considered to be the result of a) the fit between the selection system dominating the relevant industry and the selection system expressed by the award and b) other institutional factors specific to the award, such as the age and the monetary value of the award.
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