For small high-tech firms international orientation is regarded as crucial for growth and long-term survival. Even newly founded technology based firms (NTBFs) are often internationally active shortly after their inception (?born globals?). However, in order to create jobs and have a sustainable...

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...

This paper makes an empirical contribution to confirm the stylized fact that the performance of firms deteoriates in the years before exit. For this reason we evaluate whether market exits differ significantly in their employment development in the years before market drop-out compared to...

Does heterogeneity in the educational backgrounds of the founders matter for firm success? Are team foundations more successful than single entrepreneurs? These questions are analysed using data on academic spinoffs in Germany. Firm success is measured by employment growth. I find that team...

Die wachsende Bedeutung von Wissen und die daraus resultierende Notwendigkeit, neue, insbesondere auch wissenschaftliche Erkenntnisse möglichst schnell in wirtschaftliche Aktivitäten umzusetzen, lenkt die Aufmerksamkeit von Wissenschaft und Politik verstärkt auf so genannte akademische...

Die vorliegende Dokumentation stellt die Ergebnisse eines Forschungsprojekts dar, das mit Hilfe eines neuen Ansatzes empirische Aussagen zur Struktur und Entwicklung von Unternehmensgründungen in der Biotechnologie in Deutschland zu gewinnen versucht hat. Mit Hilfe einer halbautomatisierten...

This paper examines the association between the outcome of business incubation and the resources used by incubators, by using a small panel of science and technology business incubators (STBIs) in China. We find that while the number of firms graduating from an STBI is closely correlated with...

The objective of this study is to determine whether specific industries across countries or within countries are more likely to reach a stage of profitability and make a successful exit. In particular, we assess whether firms in certain industries are more prone to exit via IPO, be acquired, or...