Purpose: In contrast to the predictions from the family business and the small- and medium-sized enterprise internationalization literatures, Hidden Champions are world-market leaders exhibiting a high share of exports. The purpose of this study is to analyze their strategy of...

Purpose – The purpose of this paper is to study the development of the biotechnology industry at the industry and firm level when the financing environment becomes hostile and assess the reasons for this development. Design/methodology/approach – An organizational evolution perspective to...

We study the implications of ownership and its induced incentives on firm survival on the stock market for young and high‐tech firms. Using a unique data set of all 341 firms listed on the Neuer Markt , the German equivalent of the NASDAQ, our results differ from studies on more traditional...