The paper analyses the theoretical background regarding R&D and licensing strategies as determinants of firm growth, especially that of start-ups. Summarizing the set of studies relating firms’ R&D intensity to growth, we conclude these studies reveal three approaches that complement each...

Young firm diversification is examined investigating the determinants of the timing of diversification (i.e. how long it takes from start-up to diversification). We use extensive longitudinal data containing information on firms' characteristics and environmental conditions, and their evolution...