As the world economy battles a global crisis of historical breadth and depth, NTBFs (new technology-based firms) are navigating in rough seas. In fact, the radical changes in the competitive arena triggered by the crisis are prompting NTBFs to change their strategies in order to reorient...

The paper explores the reaction of new technology-based firms (NTBF) in Italy to the recent economic crisis. Using data from the RITA database on the Italian NTBF population founded since 1984, we document the consequences of the crisis in terms of: i) exit rates; ii) the growth rates of sales...