The Effect of Internationalisation on the Rate of Growth of High-Tech Start-Ups: Evidence for the UK and Germany

摘要: Much attention in empirical research on entrepreneurship has been devoted to the growth and survival of young enterprises. Economic policy-makers too are increasingly attempting improve climate for genesis new businesses. Arguably, this is due a widespread belief large potential job creation by successful, More recently, rapid internationalisation high-tech start-ups generated increasing attention. It argued that global markets presence essential firm’s long term success, including its ability reap acceptable profits from innovation. Case study evidence suggests early contributes success markets. The step home foreign often associated with increased prospects. 70 percent UK firms (and 60 German firms) our sample consider long-term company as their main motive international business activities. Exploitation appears especially important acting technological niches typically short product life cycles.They have recover considerable initial R&D expenses investments human/capital assets relatively periods time. Invariably, activities more costly time consuming small firm than alternative exclusively serving local or national market. A perverse result it may initially actually retard growth. Therefore, growth-enhancing effects be seen ambiguous — at least run