Family-owned Mittelstand firms have often been characterized as Janus-faced, meaning
they can have two contrasting sides when it comes to innovation. On one side, they are …

Abstract The ifo Institute is Germany's largest business survey provider, with the ifo Business
Climate Germany as one of the most important leading indicators for gross domestic product …

A common fallacy is that small and medium-sized enterprises (SMEs) are the translation for
Mittelstand companies. Until today, no common, widely accepted, and consistently applied …

Innovation in small and medium enterprises (SMEs) is often the result of technology-driven
or market-pull entrepreneurship activities. So far, although its importance in practice, as well …

Abstract Research Summary We integrate the emerging literature on the strategic role of firm
owners in firms' value creation with Penrosean growth theory to investigate how and under …

Global economic crises can have a significant impact on businesses across different sectors,
often leading to difficulties or even insolvency. In such a situation, organizational resilience …

COVID-19 challenges the value systems of family firms and urges them to adapt their
behaviors, affecting their identities. This study aims to explore how and why family …

Has the Mittelstand lost its charisma? Based on a corpus of newspaper articles, we use a
multi-dimensional approach combining content, framing, and metaphor analysis to expose …

The present article analyzes how heuristic-driven biases (Overconfidence, Availability, and
Anchoring) affect Entrepreneurial Decision Making (EDM) and identifies the role of SMEs in …

Germany continues to experience success as an exporter despite being a mature economy
with expensive labor. While German industry's reputation for quality and manufacturing …