The birth of new HGEs: internationalization through new digital technologies.

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Authors: Teruel, Mercedes1 (AUTHOR) mercedes.teruel@urv.cat, Coad, Alex2 (AUTHOR), Domnick, Clemens3 (AUTHOR), Flachenecker, Florian4,5 (AUTHOR), Harasztosi, Peter6 (AUTHOR), Janiri, Mario Lorenzo4 (AUTHOR), Pal, Rozalia6 (AUTHOR)
Source: Journal of Technology Transfer. Jun2022, Vol. 47 Issue 3, p804-845. 42p.
Subject Terms: *Globalization, Digital technology
Geographic Terms: United Kingdom
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. [ABSTRACT FROM AUTHOR]
Database: Entrepreneurial Studies Source
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  Data: <searchLink fieldCode="AR" term="%22Teruel%2C+Mercedes%22">Teruel, Mercedes</searchLink><relatesTo>1</relatesTo> (AUTHOR)<i> mercedes.teruel@urv.cat</i><br /><searchLink fieldCode="AR" term="%22Coad%2C+Alex%22">Coad, Alex</searchLink><relatesTo>2</relatesTo> (AUTHOR)<br /><searchLink fieldCode="AR" term="%22Domnick%2C+Clemens%22">Domnick, Clemens</searchLink><relatesTo>3</relatesTo> (AUTHOR)<br /><searchLink fieldCode="AR" term="%22Flachenecker%2C+Florian%22">Flachenecker, Florian</searchLink><relatesTo>4,5</relatesTo> (AUTHOR)<br /><searchLink fieldCode="AR" term="%22Harasztosi%2C+Peter%22">Harasztosi, Peter</searchLink><relatesTo>6</relatesTo> (AUTHOR)<br /><searchLink fieldCode="AR" term="%22Janiri%2C+Mario+Lorenzo%22">Janiri, Mario Lorenzo</searchLink><relatesTo>4</relatesTo> (AUTHOR)<br /><searchLink fieldCode="AR" term="%22Pal%2C+Rozalia%22">Pal, Rozalia</searchLink><relatesTo>6</relatesTo> (AUTHOR)
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  Data: <searchLink fieldCode="JN" term="%22Journal+of+Technology+Transfer%22">Journal of Technology Transfer</searchLink>. Jun2022, Vol. 47 Issue 3, p804-845. 42p.
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  Data: *<searchLink fieldCode="DE" term="%22Globalization%22">Globalization</searchLink><br /><searchLink fieldCode="DE" term="%22Digital+technology%22">Digital technology</searchLink>
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  Data: <searchLink fieldCode="DE" term="%22United+Kingdom%22">United Kingdom</searchLink>
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  Label: Abstract
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  Data: 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. [ABSTRACT FROM AUTHOR]
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        Value: 10.1007/s10961-021-09861-6
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      – Code: eng
        Text: English
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        PageCount: 42
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      – SubjectFull: Globalization
        Type: general
      – SubjectFull: Digital technology
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      – SubjectFull: United Kingdom
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      – TitleFull: The birth of new HGEs: internationalization through new digital technologies.
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            – D: 01
              M: 06
              Text: Jun2022
              Type: published
              Y: 2022
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