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The paper examines the relationship between investments and cash flows for a panel of 204 low- and medium-technology firms located in the UK, France, Italy and Spain, 108 of which underwent a buyout between 1997 and 2004. The control sample of non-buyouts is selected through a propensity score...
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The paper examines the locational determinants of the internationalization flows of high-tech start-ups. It also provides a picture of the current patterns of internationalization of high-tech start-ups, through a map of the most attractive countries in terms of inbound and outbound...
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