Title
The birth of new HGEs: internationalization through new digital technologies
Date Issued
01 June 2022
Access level
metadata only access
Resource Type
journal article
Author(s)
Waseda University
Publisher(s)
Springer
Abstract
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.
Start page
804
End page
845
Volume
47
Issue
3
Language
English
OCDE Knowledge area
Informática y Ciencias de la Información
Negocios, Administración
Subjects
Scopus EID
2-s2.0-85106269785
Source
Journal of Technology Transfer
ISSN of the container
08929912
Sponsor(s)
We are grateful to James Gavigan, Agustí Segarra-Blasco and participants at the EC Workshop on “Entrepreneurial Ecosystems for High Growth Enterprises” (Joint Research Centre, Brussels, Belgium, 26–27 February 2020) for many helpful suggestions and comments. The usual disclaimers apply. This work was supported by CT-EX2017D318324-101 and CT-EX2014D180880-103 by the European Commission. Mercedes Teruel received also support by Universitat Rovira i Virgili [2019PFR-URV-B2-80] and the Consolidated Group of Research [2014-SGR-1395]. Alex Coad received support from the National Research Foundation of Korea Grant funded by the Korean Government (NRF-2018S1A3A2075175).
Sources of information:
Directorio de Producción Científica
Scopus