dissertation in pdf-format - Aalto-yliopisto
dissertation in pdf-format - Aalto-yliopisto
dissertation in pdf-format - Aalto-yliopisto
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1 Introduction<br />
1.4 Key concepts and abbreviations used <strong>in</strong> the studies<br />
Key concepts and abbreviations used <strong>in</strong> the studies are shown <strong>in</strong> Table 1.<br />
More detailed def<strong>in</strong>itions of <strong>in</strong>novation, high growth, high success, small<br />
and medium sized enterprise (SME) and urban and rural areas are given <strong>in</strong><br />
Appendix 1. The content and construction of success is expla<strong>in</strong>ed <strong>in</strong><br />
Appendix 2, and a more detailed view of the context of the studies is<br />
presented <strong>in</strong> Appendix 3.<br />
Table 1: Key concepts and abbreviations used <strong>in</strong> the studies<br />
Concepts Def<strong>in</strong>itions<br />
Innovation In some analyses <strong>in</strong>tellectual property rights such<br />
as patents, utility models, registered designs and<br />
trademarks are used as proxies for <strong>in</strong>novation. In<br />
others, <strong>in</strong>novation is understood as the<br />
<strong>in</strong>tentional <strong>in</strong>troduction and application with<strong>in</strong> a<br />
role, group or organisation of ideas, processes,<br />
products or procedures, new to the relevant unit<br />
of adaption, designed to benefit the <strong>in</strong>dividual,<br />
group, organisation or wider society.<br />
Growth / High growth Sales turnover growth is used as the <strong>in</strong>dicator of<br />
firm-level growth. A firm is def<strong>in</strong>ed as show<strong>in</strong>g<br />
high growth if its turnover grows by at least 20%<br />
annually for at least three years.<br />
Success / High Success A f<strong>in</strong>ancial success <strong>in</strong>dex (SI), rang<strong>in</strong>g from 0-100<br />
po<strong>in</strong>ts, is used as a proxy for success of a firm. A<br />
firm is classified as highly successful if it scores at<br />
least 70 po<strong>in</strong>ts <strong>in</strong> each of at least three<br />
consecutive years.<br />
Performance Firms’ performance is related to <strong>in</strong>novation,<br />
growth and success either separately or <strong>in</strong><br />
comb<strong>in</strong>ation.<br />
Small and medium sized<br />
enterprise (SME)<br />
A firm is classified as an SME if its average<br />
workforce is < 250 persons, annual turnover 50<br />
Million euro, total balance sheet value 43<br />
Million euro, and capital ownership or vot<strong>in</strong>g<br />
rights held outside of the organisation 25%.<br />
Rural area / Urban area The def<strong>in</strong>itions of a rural or urban area follow the<br />
Eurostat NUTS criteria: areas with population<br />
densities less than, or at least, 150 <strong>in</strong>habitants per<br />
km², respectively.<br />
Abbreviations Mean<strong>in</strong>gs<br />
SME Small and medium sized enterprise<br />
HGS High growth and highly successful firm<br />
IHGS Innovative, high growth and highly successful<br />
firm<br />
KIBS / T-KIBS Knowledge <strong>in</strong>tensive bus<strong>in</strong>ess service firm /<br />
Technology knowledge <strong>in</strong>tensive bus<strong>in</strong>ess service<br />
firm<br />
RA Regression analysis<br />
LRA Logistic regression analysis<br />
DA Discrim<strong>in</strong>ant analysis<br />
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