We explore the importance of new public firms and public equity finance for R&D and creative destruction in the U.S. high-tech sector. Between 1970 and 2004 over 1900 new public firms enter a small number of high-tech industries, substantially altering the focus of U.S. manufacturing and...

Costa Rica has sought to improve its position in the global economy by prioritizing export growth in two high-tech manufacturing industries led by foreign direct investment (FDI): electronics and medical devices. We use a global value chain (GVC) perspective to identify key commonalities and...

What barriers constrain internationalization of new technology-based firms (NTBFs) in emerging markets? This study addresses the question by analyzing perceptions of barriers to internationalization expressed by top executives of Brazilian NTBFs. The NTBFs belong to high technology, medium-high...

In the context of digitalized markets, the high-tech firm’s technological innovation performing is discouraging because they can’t always leverage the synergies of digital technology with their legacy technologies effectively. Given this situation, we firstly construct four digital...

We study if CEOs and their backgrounds matter for the performance of state-owned enterprises (SOEs) exploiting the fact that these companies had different CEOs (with different backgrounds) in different moments in time. We construct a database of Brazilian SOEs between 1973 and 1993 and make...