New, technology-based firms in small open economies—An analysis based on the Finnish experience |
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| Authors: | Erkko Autio Helena Yli-Renko |
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| Institution: | aLondon Business School, Faculty of Strategic and International Management, Sussex Place, Regent's Park, London NW1 4SA, UK;bHelsinki University of Technology, Institute of Strategy and International Business, Otakaari 1 F, FIN-02150 Espoo, Finland |
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| Abstract: | This paper analyses the roles and impacts of new, technology-based firms (NTBFs) in a small open economy, with empirical data from Finland. It is suggested that in small open economies, NTBFs may fall into a resource trap, which might result in their being relatively less growth oriented than NTBFs in countries where the domestic market is larger. Consequently, in small open economies, the systemic impact of NTBFs could be emphasised rather than their organic growth in terms of the employment that they create. |
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| Keywords: | New technology-based firms Finland Innovation Networks |
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