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...

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...

Starting a business involves risk and, thus, requires a risk-taking attitude. The concept of risk and entrepreneurship has been widely discussed in the entrepreneurship literature; most studies comparing entrepreneurs with non-entrepreneurs such as managers or bankers. So far, little research...

Prior research has analyzed R&D spending in family and founder firms. Yet, little is known about the economic and technological importance of innovations in these types of firms. Using patent citation data, we show that founder-managed firms, which we argue favor an entrepre-neurial orientation,...