Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/140884 
Year of Publication: 
2015
Series/Report no.: 
Beiträge zur Jahrestagung des Ausschusses für Wirtschaftssysteme und Institutionenökonomik im Verein für Socialpolitik: "Marktwirtschaft im Lichte möglicher Alternativen", 27.-29. September 2015, Bayreuth
Publisher: 
Verein für Socialpolitik, Ausschuss für Wirtschaftssysteme und Institutionenökonomik, Münster
Abstract: 
Despite of the deeply rooted belief of politicians from all over the world in the important role of Mittelstand firms, there has been surprisingly little empirical research on this issue, yet. This article contributes to the literature by studying whether the relative regional importance of Mittelstand firms has an effect on regional innovation performance. Using a cross section of German NUTS-3-regions, a significantly positive relation between the relative importance of owner-managed SMEs and patent applications is identified. This finding is highly robust when controlling for spatial correlations as they often occur in highly disaggregated regional analyses.
Subjects: 
Innovation
Mittelstand firms
Owner-management
SMEs
Germany
JEL: 
O31
C21
D23
Document Type: 
Conference Paper

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