KTH/CESIS Working Paper Series in Economics and Institutions of Innovation
Born global firms – do they perform differently?
Abstract: This paper investigates whether born global firms perform
differently compared to other newly founded manufacturing firms. A rigorous
quantitative treatment of born global firms has been absent in the
international entrepreneurship literature. The quantitative focus of the
paper adds to this literature. To a simple OLS estimation is added a
matching approach in order to circumvent the absence of counterfactual for
born global firms had they not chosen to pursue a born global strategy.
Measuring performance five years after firm foundation, born global firms
are found to have higher growth in employment and sales per employee but no
such effect is found when performance is measured by profitability or labor
productivity. For robustness purposes, similar results are found when the
analysis is augmented to include a wider spread of born global firm
definitions and having performance measured three to seven years subsequent
to firm foundation.
Keywords: Born global firms; firm performance manufacturing firms; (follow links to similar papers)
JEL-Codes: F14; L25; L26; M13; M21; (follow links to similar papers)
26 pages, March 16, 2012
Before downloading any of the electronic versions below
you should read our statement on
for viewing Postscript files and the
Acrobat Reader for viewing and printing pdf files.
Full text versions of the paper:
Questions (including download problems) about the papers in this series should be directed to Vardan Hovsepyan ()
Report other problems with accessing this service to Sune Karlsson ()
or Helena Lundin ().
Design by Joachim Ekebom