Can One Discriminate between High-Growth Firms in Terms of Their Technology Specificity? An Empirical Verification

The authors aim to address two issues relating to the asset specificity of firms with respect to their technology. By applying discriminant analysis to a sample of fast-growing firms, they attempt to develop simple and robust prediction equations. These equations would in turn utilise a few items of circumstantial information regarding firms to predict whether they are likely to invest relatively more in the R&D of new products or services or if they are likely to possess more or less specific technology.