Profitability of small‐ and medium‐sized enterprises in high‐tech industries: the case of the biotechnology industry
研究了高科技产业中小企业盈利能力的决定因素，发现创新者地位、市场意识、利基运营和国际化对盈利能力的影响与预期部分一致、部分相反。
Abstract This paper investigates the profitability determinants of small‐ and medium‐sized enterprises in high‐tech industries. Literature review suggests that innovator position, market awareness, niche operation, and internationalization should have positive impacts on SMTEs' profitability. However, the empirical results partially agree with, and partially dissent from, the propositions. Copyright © 2003 John Wiley & Sons, Ltd.