Determining what factors influence firm performance constitutes an essential issue in both the management and the family firm research fields. This article, building on the resource-based view perspective, develops a mediation model that involves a unique intervening mechanism, namely,...

Objective: This study aims to evaluate the impact of corporate social responsibility on forward default risk (FDR) under the setting of firm and industry heterogeneity. Research Design & Methods: This study evaluated the impact of corporate social responsibility (CSR) on FDR using the data of...

We investigate how family ownership influences the industry-diversifying nature of M&As by listed companies in Continental Europe and the corresponding shareholder value effects at deal announcement. For a large sample of 3,485 M&As during 2005–2013, we observe that acquirers having a family...

Using the 2007 Mannheim innovation survey, we investigate whether family firms are more financially constrained than other firms and how this affects both innovation input as well as innovation outcomes such as market and firm novelties or process innovations. Based on the CDM framework,...

Using the 2007 Mannheim innovation survey, we investigate whether family firms are more financially constrained than other firms and how this affects both innovation input as well as innovation outcomes such as market and firm novelties or process innovations. Based on the CDM framework,...

A better understanding of the relational antecedents of innovation in family firms is central to explaining their long-term success and survival. Our study proposes an original model that shows that the internal social capital of non-family members does not always foster innovation directly as...

Using a recent sample of hi-tech Chinese small and medium-size enterprises (SMEs), we examine whether family-owned businesses (FBs) can show better innovative productivity than non-FBs. We find that family firms produce a higher level of innovative productivity, consuming less innovation input...

This paper seeks to resolve the controversy regarding the relationship between family management and technological innovation outcomes. In contrast to prior studies, we focus on small and medium enterprises (SMEs) and go beyond the traditional input-output statistical analysis, by introducing...

Die vorliegende Studie untersucht auf Basis von Daten des IAB-Betriebspanels das unternehmerische Verhalten vor und nach der Übergabe und wie sich dieses Verhalten auf die wirtschaftliche Situation der Unternehmen auswirkt. Dabei greifen die Analysen auf die Annahmen der Investitionsstau- und...

Die vorliegende Studie untersucht auf Basis von Befragungsdaten die zentralen Merkmale schnell wachsender Unternehmen mit mindestens 10 Beschäftigten sowie die Determinanten ihres Wachstums. Insbesondere kleinere und Unternehmen in den ersten Phasen des Unternehmenslebenszyklus aus dem...