Profitability of small‐ and medium‐sized enterprises in high‐tech industries: the case of the biotechnology industry

Gongming Qian · Lee Li

333 citations0/0 files storedStrategic Management Journal

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Firm Innovation and Growth Entrepreneurship Studies and Influences Innovation and Knowledge Management

Abstract

Abstract This paper investigates the profitability determinants of small‐ and medium‐sized enterprises in high‐tech industries. Literature review suggests that innovator position, market awareness, niche operation, and internationalization should have positive impacts on SMTEs' profitability. However, the empirical results partially agree with, and partially dissent from, the propositions. Copyright © 2003 John Wiley & Sons, Ltd.

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References

1990The Competitive Advantage of Nations 1991The Resource-Based Theory of Competitive Advantage: Implications for Strategy Formulation 1971Industrial Market Structure and Economic Performance.1989Strategic management of small firms in hostile and benign environments 1994Competing for the Future 1990Industrial market structure and economic performance 1994Initial human and financial capital as predictors of new venture performance 2001The internationalization and performance of SMEs

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