The birth of new HGEs: internationalization through new digital technologies
| Autor: | Mario Lorenzo Janiri, Florian Flachenecker, Clemens Domnick, Alex Coad, Rozália Pál, Peter Harasztosi, Mercedes Teruel |
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| Rok vydání: | 2021 |
| Předmět: |
Selection bias
Member states media_common.quotation_subject 05 social sciences General Engineering Commercial law Foreign direct investment Current period Investment (macroeconomics) Internationalization Accounting 0502 economics and business Business 050207 economics Business and International Management 050203 business & management Industrial organization media_common |
| Zdroj: | The Journal of Technology Transfer. 47:804-845 |
| ISSN: | 1573-7047 0892-9912 |
| DOI: | 10.1007/s10961-021-09861-6 |
| Popis: | This paper explores the relationship between new digital technologies, internationalisation activity and its impact on High Growth Enterprises (HGEs), using the EIB Group Survey of Investment and Investment Finance and ORBIS data for 27 EU Member States and the United Kingdom. After controlling for sample selection bias, our results suggest that being a HGE is positively associated with the probability that a firm conducts international activities, particularly FDI. Conversely, the internationalisation process seems to trigger strong subsequent firm-growth only for FDI, not for exports. Furthermore, we show evidence on the positive association between firms that are internationalised and those adopting new digital technologies. The adoption of new digital technologies is indirectly related to the status of being a HGE via internationalisation activity in the current period. Our results highlight the complex influence of exporting and FDI on the capacity to become a HGE and the role of new digital technologies in this process. |
| Databáze: | OpenAIRE |
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