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New Approach to Detect and Select Technology-Based Firms: Value Creation Factors in a Follower Technology Country

New Approach to Detect and Select Technology-Based Firms: Value Creation Factors in a Follower Technology Country

Pablo Garrido-Prada, María Jesús Delgado-Rodríguez, Desiderio Romero-Jordán
Copyright: © 2019 |Pages: 21
ISBN13: 9781522579373|ISBN10: 1522579370|ISBN13 Softcover: 9781522592112|EISBN13: 9781522579380
DOI: 10.4018/978-1-5225-7937-3.ch006
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MLA

Garrido-Prada, Pablo, et al. "New Approach to Detect and Select Technology-Based Firms: Value Creation Factors in a Follower Technology Country." Global Campaigning Initiatives for Socio-Economic Development, edited by Luísa Cagica Carvalho and Maria José Madeira, IGI Global, 2019, pp. 87-107. https://doi.org/10.4018/978-1-5225-7937-3.ch006

APA

Garrido-Prada, P., Delgado-Rodríguez, M. J., & Romero-Jordán, D. (2019). New Approach to Detect and Select Technology-Based Firms: Value Creation Factors in a Follower Technology Country. In L. Carvalho & M. Madeira (Eds.), Global Campaigning Initiatives for Socio-Economic Development (pp. 87-107). IGI Global. https://doi.org/10.4018/978-1-5225-7937-3.ch006

Chicago

Garrido-Prada, Pablo, María Jesús Delgado-Rodríguez, and Desiderio Romero-Jordán. "New Approach to Detect and Select Technology-Based Firms: Value Creation Factors in a Follower Technology Country." In Global Campaigning Initiatives for Socio-Economic Development, edited by Luísa Cagica Carvalho and Maria José Madeira, 87-107. Hershey, PA: IGI Global, 2019. https://doi.org/10.4018/978-1-5225-7937-3.ch006

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Abstract

Technology-based firms are a key driver for the growth potential of a country due to their capacity to introduce radical innovations and value into the economy. In this chapter, the authors propose a definition for technology-based firms based on strategies that makes possible to identify the companies with advanced use of technology (including knowledge) in all the sectors of the economy. This refined definition helps to identify this kind of companies and to orientate special public policies to foster their development. For follower countries in terms of technology and innovation, as it is the case of Spain, technology-based firms may be a significantly different collective compare with advanced technological countries. Thus, the authors propose a method to detect technology-based firms in not only high technology sector using a Technological Innovation Panel (PITEC) in Spain. This chapter confirms that there are technology-based firms in many activities outside the high technology sectors that can be of interest for public institution and investors.

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