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Purpose
The concept of resilience has garnered significant attention during recent global crises. Family businesses are often highlighted for their inherent resilience, attributed to their distinctive characteristics, orientation, goals and familial influence. Nonetheless, a coherent body of research on strategies for family business resilience uncovering managerial implications remains elusive.
Design/methodology/approach
The authors performed a systematic literature review followed by a synthesis and inductive analysis of 57 selected articles to identify strategies that strengthen family business resilience.
Findings
The findings reveal strategic approaches shaped by a strong commitment to family-centric culture, identity and values and extensive internal and external relationships. These strategies, which are significantly influenced by family businesses’ distinctive traits, are critical in enhancing a family business’s adaptability and crisis response. Nonfinancial goals, a long-term orientation and risk-aware financial standing further enhance resilience by collectively enabling businesses to navigate external adversities resiliently and secure their enduring viability.
Originality/value
The paper concludes with a cohesive and dynamic framework that integrates the various strategic approaches into a novel conceptualization and points towards future research directions.
Understanding finfluencers
(2025)
Financial influencers, or ‘finfluencers’, are emerging players in the financial community who share financial content on social media, particularly about personal finance and investing. Continuously growing their audience through engaging infotainment, finfluencers’ prominence is fuelled by demand for more accessible financial education and low-cost financial advice. This study sheds light on finfluencers’ social, economic and cultural implications, offering academics and practitioners new insights into how finfluencers influence retail investor engagement, including their motivations, business models and collaborations. The online survey responses of a representative sample of German-speaking finfluencers reveal that, despite apparent contradictions in their financial motives, finfluencers see themselves as advocates of financial education. While serving for financial services marketing, finfluencers also can be integrated into strategic partnerships, including retail investor relations and financial literacy initiatives. Despite controversies, we conceptualize finfluencers as agents of change promoting financial literacy, empowerment, and inclusion while also normalising financial conversations in everyday life.
Innovating beyond boundaries
(2025)
This article analyses how firms enhance their dynamic capabilities through open innovation activities. While previous research has acknowledged the potential of integrating dynamic capabilities and open innovation, existing studies are fragmented in that they neither build upon one another nor offer a comprehensive framework. Instead, they often focus on isolated aspects of dynamic capabilities, resulting in disparate, incoherent insights. This fragmentation hinders the development of actionable insights for organizations aiming to systematically enhance their innovation processes through open innovation. To address this issue, we conducted a systematic literature review to identify key dimensions that link open innovation activities to the sensing, seizing and transforming phases-the core components of dynamic capabilities. The resulting framework offers an integrative perspective that goes beyond fragmented research findings and provides a structured approach to operationalizing open innovation. The framework transitions open innovation from an abstract concept to a practical tool that can be systematically embedded into firms' innovation processes. Additionally, by situating dynamic capabilities within the context of innovation management, the framework expands their theoretical and practical utility. This study provides actionable insights for practitioners and establishes a consolidated foundation for future research, thus enhancing the theoretical and practical impacts of open innovation.
Organizational agility (OA), the ability of an organization to adapt to rapidly changing environments and reconfigure its structure and operations, has become a critical capability for achieving and sustaining competitive advantage. However, existing frameworks for OA often adopt narrow, industry-specific perspectives, neglecting the broader interplay of contextual factors, internal and external antecedents, and multidimensional capabilities. This study addresses this gap by conducting a systematic literature review (SLR) of 110 peer-reviewed articles from three leading academic databases. Guided by an inductive approach and the grounded theory methodology, this research identifies and categorizes the key antecedents of OA into four interconnected dimensions: contextual factors, fundamental attributes, vital enablers, and dynamic capabilities. The findings reconceptualize OA as a bundle of interrelated dynamic capabilities—encompassing macro-agility (e.g., strategic and partnering agility) and micro-agility (e.g., operational, innovation, and workforce agility)—rather than a singular construct. This multidimensional concept bridges theoretical gaps, integrating insights from contingency, agency and resource-based theories to explain the dynamic relationship between internal and external antecedents. The study offers a foundation for future research and provides actionable guidance for practitioners seeking to design agile organizations capable of thriving in dynamic capabilities.
Purpose
The paper aims to examine mindfulness as innovative approach to foster the attitudes toward sustainable development among future professionals within higher education institutions.
Design/methodology/approach
The paper highlights a quasi-experiment with 36 future professionals to explore the interrelatedness of mindfulness with attitudes toward sustainable development. This included an eight-week Mindfulness-Based Stress Reduction course with a pre-, post- and longitudinal test.
Findings
The study revealed that the training of mindfulness significantly increased the dispositional mindfulness and the overall attitude toward sustainable development of future professionals. Furthermore, their slope of state mindfulness significantly predicted this increase.
Originality/value
The novelty of the paper lays within the operationalization of mindfulness which aims to train the inner development instead of solely imparting knowledge about education for sustainable development.
Defining the deal value in mergers and acquisitions is inherently complex and often constitutes an inflection point for the parties involved. By paying part of the deal value at a later stage according to predefined goals, earnouts are intended to alleviate information asymmetries and help bridge valuation differences. Despite their wide application in practice, research on earnouts remains fragmented. This study presents the first systematic literature review of earnouts, mapping the scattered research landscape by analyzing 64 papers published between 1970 and 2023. The review categorizes the body of earnout research into three distinct streams: the motives for employing earnouts, their implications, and the nuances of their contractual arrangements. Based on this synthesis, research gaps are identified that present a comprehensive road map for future research. This study enables investors to employ earnouts more successfully and guides scholars to pursue further earnout research based on its holistic overview.
Purpose
In this study, we investigate how capability in managing intellectual property may be treated as a type of “dynamic capability,” and we seek to understand how, when it is linked to the new technology development capability of a complex technological organization, these two types of dynamic capabilities may coevolve.
Design/methodology/approach
We conducted a longitudinal empirical case study of Airbus, incorporating an abductive research methodology that required investigating theory and empirical data concurrently and iteratively. The data, ranging over a period of two decades from 2000 to 2021, was collected from four different sources, including interviews, internal company documents, publicly available information and patent data.
Findings
Our main findings are that the capabilities and roles of the Intellectual Property function in Airbus and their interaction with the company's Technology function have indeed influenced the overall innovation strategy of the organization, and that three coevolutionary phases may be identified in the interactive development of the two functions.
Research limitations/implications
Our investigation into how new technology development and intellectual property (IP) management capabilities coevolve within complex technological organizations, exemplified by Airbus, provides significant theoretical and practical implications. Theoretically, it enhances understanding of capability co-development dynamics in complex organizations, particularly in strategic IP management. Practically, it suggests aligning IP strategy with overall corporate objectives and optimizing organizational structures to promote collaboration and efficiency across IP and technology teams. This alignment may foster innovation, maximize the value of intellectual assets and strengthen collaborations, positioning organizations for long-term success in competitive landscapes.
Originality/value
This study makes a fresh contribution to the innovation studies literature by showing how if intellectual property management is treated as a core function of a complex technological organization – rather than simply as a vehicle for protecting new inventions and products after the fact or simply as a constituent part of the organization's legal function – it may contribute proactively to the organization's technological innovation performance. We also address the current gap in the academic literature for a clear understanding of the processes by which different function-specific dynamic capabilities may coevolve in a complex organization operating as part of a dynamic and complex adaptive system.
Do good and talk about it
(2025)
This study provides robust evidence that higher investor relations (IR) quality goes in tandem with enhanced ESG ratings. Building on the extensive data from an established investor relations award in Germany, covering the largest listed firms between 2014 and 2022, we use both panel-data and two-stage least-squares regressions to analyze the effect of IR quality on ESG ratings. Our results hold true for various robustness checks. Moreover, not only do our results introduce a suitable measure for IR quality, but they also demonstrate the relevance of IR quality as an additional determinant of ESG performance measured by rating agencies. Finally, our results provide practical guidelines to firms struggling with their ESG ratings by providing reasoning that investing in higher IR quality eventually meets with success.
Earnout deals are expected to protect acquirers from overpayment as information asymmetries are reduced and the final purchase price is partly based on the future performance of the target. Various scholars have investigated the perception of earnout deals by capital markets revealing significant abnormal returns. Those studies are focused mostly on the Anglo-Saxon countries and China leveraging a pre-COVID datasets. Hence, this study aims at investigating capital market reaction to earnout deals in Continental Europe covering the timeline of 2012 to 2022. Our results indicate that earnout deals in Continental Europe outperform non-earnout deals and are especially beneficial in times of high uncertainty.
This paper investigates the emerging potential of metaverse technology and the diverse opportunities it presents for companies across industries. Although the metaverse remains in its nascent stages, its swift evolution has introduced a broad spectrum of use cases that hold significant promise for businesses. However, despite the evident potential, there remains a limited understanding of how metaverse technology can be effectively applied to benefit business operations and strategy. To address this gap, this study employs a scoping review methodology, systematically collecting and analyzing data from academic literature, publicly available sources, and company websites. The comprehensive review identified 101 distinct use cases of metaverse technology, which were subsequently categorized into three primary application fields: developing new product and service offerings, enhancing customer experience, and optimizing internal business processes. These findings not only provide a compelling rationale for companies contemplating the adoption of metaverse technology but also represent the first extensive exploration of its applications across diverse fields and industries. The study offers valuable insights that are crucial for both academic researchers and business practitioners who are keen to understand and leverage the transformative potential of the metaverse. By mapping out the current landscape of metaverse applications, this paper contributes to a deeper understanding of how companies can harness this technology to drive innovation, improve operational efficiency, and create new value propositions in an increasingly immersive and interconnected world.