Abstract:Technical standards affect firms’ survival and development. Participating in standard formulation has become an important means for firms to establish competitive advantages. However, although firms are important participants in standard formulation, the existing research lacks systematic summary and collation of the literature on firms’ participation in technical standard formulation. Therefore,this paper collates the relevant literature on the participation of firms in technical standard formulation, summarizes the main mechanism, causes and effects of the participation, and clarifies the relationship between standardization and innovation. Based on the literature review, this paper puts forward the direction of future research, and provides a reference for the follow-up research.