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| Author: | Fryges, H. |
| Title: | Internationalisation of technology-oriented firms in Germany and the UK |
| Journal: | Small business economics
2009 : AUG, VOL. 33:2, p. 165-187 |
| Index terms: | high technology companies internationalization investments Germany United Kingdom |
| Language: | eng |
| Abstract: | Using longitudinal data, this study empirically examines the long-term export behaviour of German and British technology-oriented firms founded btw. 1987 and 1996. Applying logit models, firms are shown to be able to overcome high entry costs by acquiring firm-specific (herein as: f-s.) assets. Similarly, f-s. resources prevent high-tech companies from exiting the international market. The data especially highlights the strategic role of R&D investments. |
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