Arbeitspapier

The birth of new high growth enterprises: Internationalisation through new digital technologies

This paper explores the relationship between new digital technologies, internationalisation activity and its impact on High Growth Enterprises (HGEs), using the EIB Group Survey of Investment and Investment Finance and ORBIS data for 27 EU Member States and the United Kingdom. After controlling for sample selection bias, our results suggest that being a HGE is positively associated with the probability that a firm conducts international activities, particularly FDI. Conversely, the internationalisation process seems to trigger strong subsequent firm-growth for FDI. Furthermore, we show evidence on the positive association between firms that are internationalised and those adopting new digital technologies. The adoption of new digital technologies is indirectly related to the status of being a HGE via internationalisation activity in the current period. Our results highlight the complex influence of exporting and FDI on the capacity to become a HGE and the role of new digital technologies in this process.

ISBN
978-92-861-4993-1
Language
Englisch

Bibliographic citation
Series: EIB Working Papers ; No. 2021/02

Classification
Wirtschaft
Empirical Studies of Trade
Business Objectives of the Firm
Innovation and Invention: Processes and Incentives
Subject
Digital technologies
export
FDI
HGE
internationalisation

Event
Geistige Schöpfung
(who)
Teruel Carrizosa, Mercedes
Coad, Alexander
Domnick, Clemens
Flachenecker, Florian
Harasztosi, Péter
Janiri, Mario Lorenzo
Pál, Rozália
Event
Veröffentlichung
(who)
European Investment Bank (EIB)
(where)
Luxembourg
(when)
2021

DOI
doi:10.2867/913102
Handle
Last update
10.03.2025, 11:44 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Teruel Carrizosa, Mercedes
  • Coad, Alexander
  • Domnick, Clemens
  • Flachenecker, Florian
  • Harasztosi, Péter
  • Janiri, Mario Lorenzo
  • Pál, Rozália
  • European Investment Bank (EIB)

Time of origin

  • 2021

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