This paper analyzes the determinants of start-up satisfaction of nascent entrepreneurs. Using a large sample of nascent entrepreneurs in Germany, we identify a group of nascent entrepreneurs that “cannot get satisfaction” with their start-up, not because their start-up fails to deliver...

Prior research shows that cross-functional management impacts firm performance. Using stewardship theory, we hypothesize that family firms have a high proclivity to pursue cross-functional management. We test our hypothesis in the context of patent management and find that family firms pursue...

German Abstract: Familienunternehmen wird eine hohe Bedeutung für die deutsche Wirtschaft beigemessen. In diesem Artikel untersuchen wir auf Kreisebene die regionale Verteilung von Familienunternehmen in Westdeutschland. Unsere empirischen Untersuchungen zeigen, dass Familienunternehmen eher in...

Family firms are important not only for a region but for the economy as a whole. In particular, the long-term orientation and the local embeddedness of family firms suggest a positive effect on regional innovation activity. Yet, despite the widely acknowledged importance of family firms for the...

The notion of risk and entrepreneurship has been widely discussed in the entrepreneurship literature. Starting a business involves risk and requires a risk-taking attitude. Most studies have com-pared entrepreneurs with non-entrepreneurs such as managers or bankers. So far, little research...