... λ, where N(t) denotes the number of efficiency improving locations that become available in the time interval (0,t], and we assume that N evolves independently of the firm. According to the World Commission on the Social Dimension of Globalization, between 1970...

... to firms of similar age who do not pursue rapid internationalization, born‐global firms are generally larger, more diversified, and have more venture capital backing. Their founders, board members and managers exhibit more international experience. The returns 12 and 18 months post‐IPO are significantly...