Results of the British and German Case Studies
Born internationals were defined as those firms which had embarked on international activities either in the year of formation or during their first full financial year. The twenty German and twenty UK case studies selected contained 6 and 10 born international firms, respectively. All born international firms justified their international strategies both in terms of the constraints or costs imposed by remaining exclusively in their domestic markets, and/or the opportunities to be gained by exploiting world markets. They stated that i) their domestic market was not large enough either to amortise their research and development expenditures, or ii) that the domestic market was too small to sustain their firm’s growth plans.
KeywordsVenture Capital Foreign Market Domestic Market Growth Firm Home Market
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