Although Germany is coping well with the coronavirus crisis, many voices are
currently being raised that fundamentally question the success of the contact
restriction strategy to contain the virus. I show in this study that there is no
justification for such criticism. In fact, contact restrictions have flattened
the infection curve and were possibly decisive for the good German performance
in the crisis.
Elaborating the innovation behavior of family-owned businesses, prior research primary focused on the impact of ownership structure on innovation. However, surprisingly little attention has been given to understand the role of family management in this context. Our study contributes to literature closing this research gap. Using the number of applied patents as proxy for R&D outcome, our findings show that family management affects R&D output negatively. The empirical results of the study are in line with expectations drawn from agency and stewardship perspectives supposing substantial differences in research and development strategies of family and non-family managers.
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