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Internationalisation of Technology-Oriented Firms in Germany and the UK
journal contributionposted on 2023-05-17, 18:38 authored by Fryges, HR
Based on longitudinal data, this article examines empirically the long-term export behaviour of German and British technology-oriented firms founded between 1987 and 1996. Applying logit models, the results show that firms can overcome high entry costs by acquiring firm-specific assets. Similarly, firm-specific resources prevent high-tech companies from exiting the international market. The strategic role of investment in R&D is stressed in particular by the data.
Publication titleSmall Business Economics
Place of publicationthe Netherlands
Rights statementCopyright Springer Science + Business Media