Two hundred ICT companies based in Germany were interviewed to find out which regional and company specific factors may have a measurable direct impact on corporate growth. The analysis found that firm age and size, export ratio, expenditure on research and development, product innovation, venture capital and concrete co-operation between companies seem to have a direct effect on the growth of ICT companies. Surprisingly, the presented ordered probit cross section analysis indicates that active participation in an ICT cluster is associated with low growth perspectives of ICT firms.
Schröder, C. (2013): Regional and company-specific factors for high growth dynamics of ICT companies in Germany with particular emphasis on knowledge spillovers. Papers in Regional Science, Vol. 92, No. 4, 741-772.