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The Internationalisation of British Start-up Companies in High-Technology Industries (Paperback, Softcover reprint of the original 1st ed. 2000)
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The Internationalisation of British Start-up Companies in High-Technology Industries (Paperback, Softcover reprint of the original 1st ed. 2000)
Series: ZEW Economic Studies, 9
Expected to ship within 10 - 15 working days
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There are 17 million small and medium-sized enterprises (SMEs) in
the European Union which play an important role in economic life.
Within this subset, increasing recognition is being given to "new
technology-based ftrms. " 1 In the literature, different defmitions
have been put forward to describe the term new technology-based
ftrm (Oakey et a11988; Roberts 1991; Autio 1995; Storey and Tether
1998). Common denominators include that the activity is based on
the exploitation of advanced technological know-how, the prior
affiliation of founders with research establishments and the
entrepreneurial character of the ftrm. Research studies in Europe,
North America and the Paciftc Rim have identifted these ftrms'
important contributions in new employment creation, export sales
growth, product and process innovation and structural adjustment
(e. g. Rothwell & Zegveld 1982; OECD 1986; Oakey et a11988; Acs
& Audretsch 1991; Roberts 1991; Coopers & Lybrand 1996).
While there is a growing body of literature on new technology-based
ftrms that concentrates on strategic issues such as access to
fmancial resources, growth processes and innovation behaviour (see
Storey and Tether 1998, for a review), there has been relatively
little research into the process by which young high technology
companies have internationalised. Research activity in the latter
fteld has historically been strongly oriented towards large ftrms
or, more rarely, towards "traditional transnational SMEs" in the
manufacturing sector that often act as suppliers of bigger ftrms
and are characterised by simple production technologies and
low-technology products (United Nations 1993)."
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