The Mittelstand sector of the Germaneconomy, which is made up of small and medium-sized family firms, is generallynot mentioned in debates about German capitalism. This article makes the casethat the focus of research on the German economy should shift from largecorporate structures to these...

This article suggests that the distinction between family and managerial capitalism is not as clear as often assumed and presents empirical evidence for hybrid forms of governance. It is based on a case study of Europe's largest media company, Bertelsmann AG, which grew from a mid-sized firm...