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This study analyzes the international activities of British start-up companies in high-technology industries. It supports a resource-based perspective since the proxies for transaction cost-based arguments and the internationalization process theory are of limited explanatory power.
There is now a certain tradition of Anglo-German comparative research on new technology-based firms (NTBFs). Two of the most influential studies in this area have both been sponsored by the Anglo-German Foundation for the Study of In dustrial Society (AGF).
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