“…Technology-based firms have an impact on economic growth, job opportunities and many innovations as explained by Massa and Testa (2008). Despite the importance of technologybased firms towards the economy, limited studies have been found focusing on technology-based firms (Majid, Ismail & Cooper, 2011;Ajagbe, Choi, Aslan & Ismail, 2012;Arshad, Rasli, Mustafar & Norhalim, 2013;Arshad, Goh & Rasli, 2014;Arshad, 2016). Many researches have been studying leadership styles where majority concentrated in SMEs (Yang, 2008;Yildrim & Saygin, 2011;Arham & Muenjohn, 2012).…”