Most of the enterprises of the World belong to the class of microenterprises and thus, the contributions of microenterprises to the national economic growth and development of the countries are not ignorable. Establishing a microenterprise does not involve the huge formalities and substantial...

For firms acting in technological niches the expansion into foreign markets can be a way to increase sales and to thus to recover initial sunk costs over a shorter time frame. Our research, based on survey data for nearly 600 British and German high-tech start-ups, examines whether...