HIGHLIGHTS
- What: Out of these, 1,110 firms have disclosed their involvement in hightech enterprise certification initiatives and are subsequently categorized as high-tech enterprises for the purposes of this investigation. To test the fourth hypothesis, the analysis initially omits firms recognized as high-tech entities starting from 2010, creating a focused subgroup. The analysis shows that the effect sizes for the subsample exceed those observed in the full dataset. The investigation reveals that variables such as company ownership, the presence of equity incentives, and the level of competition within the industry play crucial roles in determining the . . .

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