A. Rickne et S. Jacobsson, NEW TECHNOLOGY-BASED FIRMS - AN EXPLORATORY-STUDY OF TECHNOLOGY EXPLOITATION AND INDUSTRIAL RENEWAL, International journal of technology management, 11(3-4), 1996, pp. 238-257
Citations number
29
Categorie Soggetti
Management,Engineering,"Operatione Research & Management Science
This paper explores the role of new technology-based firms in the proc
ess of industrial renewal of Sweden by analyzing a set of such firms w
hich were established in the period 1965-1974, We find that there has
been an extensive trade in the technology base of these firms and a gr
eat deal of the transactions were made with foreign partners, in parti
cular for electronics based firms. Those acquired were among the ones
with the best growth and technological performance. Whilst the effect
of this set of NTBFs on Swedish industry's renewal was positive, it wa
s small in magnitude and probably below its potential. We hypothesize
that features of the Swedish industrial environment, in particular, a
poorly developed capital market and a historical specialization in mec
hanical engineering, are responsible for the relatively unimpressive i
mpact of these firms.