Our paper investigates, whether there exist intrinsic strategic characteristics, which enables some firms to tolerate economic difficulties stronger than their companions. Tolerance as such also indicates if SMEs as investments are providing return accordingly to their risk level. In our view,...

The intensity and directions of knowledge flows between different actors are essential determinants in innovation. Knowledge acquisition is needed to find the relevant signals from markets, and knowledge sharing can facilitate benefits from network externalities and collaboration. A deeper...

Small firms start operating internationally much more quickly than was previously the case. However, this requires that companies acquire resources and skills in a significantly shorter time than earlier. This paper discusses the pressures that such development puts on company boundaries from...

As a response to the increasing interest in the internationalisation of knowledge-intensive firms, a measure for analysing their international growth orientation was developed. This measure was applied in empirical setting of Finnish information and communication technology companies. The...