Where are Europe’s new world-class firms?
• It is a matter of regret how few exceptional growth companies (gazelles) were identified in a relatively large sample of UK and German high-tech young firms. While our research had a more precise focus on the long-run growth of European firms, the question still remains: ‘Why does the USA appear so much better than Europe in creating successive generations of global businesses from new technology opportunities?’ • We now have a template describing the environments, actions and consequences of new technology-based firms’ behaviour in two major European economies. This can and should be appraised against their US equivalents’ actions and performance. It is hoped that our research can materially contribute to a better understanding of an issue central to Europe’s future economic well-being as a dynamic and entrepreneurial region. The survival and growth of ‘adolescent’ high-tech firms in Germany and the UK, 1997-2003, Cowling M, Murray G, Fryges H, Licht G. Anglo-German Foundation for t
