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Hidden champions: A review of the literature & future research avenues

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  • Schenkenhofer, Julian

Abstract

Substantial efforts have contributed to overcome the scarcity of hidden champions research. Nevertheless, literature has missed to compile a comprehensive review. Drawing on the insights of 94 publications, four strands of literature could be distinguished to unravel the essence of hidden champions. Research on hidden champions studies their 1) internationalization strategies, 2) R&D and innovation strategies, the 3) worldwide and regional geographic distribution of hidden champions and finally 4) other research that could not be assigned to one of the first three strands. A hand-collected sample of 1372 German hidden champions exemplifies the key insights from the reviewed research articles. Discussing the findings of the different literature strands aims at drawing a conclusion on their main results and analytical pitfalls to eventually unfold and motivate future research avenues.

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  • Schenkenhofer, Julian, 2020. "Hidden champions: A review of the literature & future research avenues," UO Working Papers 06-20, University of Augsburg, Chair of Management and Organization.
    • Handle: RePEc:zbw:auguow:0620
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    1. Matthias S. Johann & Jörn H. Block & Lena Benz, 2022. "Financial performance of hidden champions: Evidence from German manufacturing firms," Small Business Economics, Springer, vol. 59(3), pages 873-892, October.

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    More about this item

    Keywords

    Literature Review; Hidden Champions; Niche Strategy;
    All these keywords.

    JEL classification:

    • D4 - Microeconomics - - Market Structure, Pricing, and Design
    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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