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Corporate Social Responsibility in medium-sized Hidden Champions from Austria

Author

Listed:
  • Georg Jungwirth

    (Department of International Marketing & Sales Management University of Applied Sciences CAMPUS 02 Graz (Austria))

  • David König

    (Department of International Marketing & Sales Management University of Applied Sciences CAMPUS 02 Graz (Austria))

Abstract

The phenomenon of Hidden Champions illustrates that also small and medium-sized companies can be successful world and European market leaders. This paper has the objective of analyzing the significance of Corporate Social Responsibility (CSR) in Austrian Hidden Champions. The results of this study show that CSR is of high significance and a success factor for Austrian Hidden Champions. The companies conduct several activities in the field of CSR and gain numerous benefits from these policies. It must be emphasized that the manifestation of CSR in family-owned Hidden Champions vastly differs from how non-familyowned Hidden Champions practice CSR.

Suggested Citation

  • Georg Jungwirth & David König, 2019. "Corporate Social Responsibility in medium-sized Hidden Champions from Austria," EKONOMIAZ. Revista vasca de Economía, Gobierno Vasco / Eusko Jaurlaritza / Basque Government, vol. 95(01), pages 203-227.
    • Handle: RePEc:ekz:ekonoz:2019110
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    More about this item

    Keywords

    corporate social responsibility; family-owned and nonfamily-owned companies; hidden champions; medium-sized world market leaders; sustainability;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • H31 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Household
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance

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