Entrepreneurial Dynamics and Acquistions of New Technology-Based Firms

Original Hardcover. Publisher: Media-Tryck | Utg. 2014 | Original Hardcover | 49 p. | This book is brand new. | Series: Lund studies in economic history | Language: Engelska --- Information regarding the book: The aim of this thesis is to investigate the evolution of new technology-based firms(NTBFs) based on solid empirical material for the Swedish economy. The focus on thisthesis is exploring the role of acquisition by incumbent firms in the evolution of NTBFs.The findings of this thesis show that selection is a core feature in the evolutionof NTBFs. NTBFs experience a high exit rate during the first years after entry, thoughthey exhibit a higher survival probability than other types of entrepreneurial firms ingeneral. Moreover, acquisition is an alternative but important selection mechanismfor start-ups, particularly for NTBFs. Through acquisition, acquirers select “quality”start-ups in terms of technological capabilities and efficiency, especially when acquirersare from multinational enterprises (MNEs). In addition, acquired NTBFs experiencean extensive internal selection and experimentation by acquirers within 4 years afteracquisition. If acquired NTBFs survive the internal selection and experimentation process,the growth of acquired NTBFs is likely to be promoted, but this pertains only toacquisition by Swedish MNEs. | We have this book in our store house - please allow for a couple of extra days for delivery.