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

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  • Julian Schenkenhofer

    (University of Augsburg)

Abstract

Substantial efforts have contributed to overcome the scarcity of research on hidden champions. Nevertheless, literature has yet missed to compile a comprehensive review. Drawing on the insights of 112 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.

Suggested Citation

  • Julian Schenkenhofer, 2022. "Hidden champions: a review of the literature & future research avenues," Management Review Quarterly, Springer, vol. 72(2), pages 417-482, June.
    • Handle: RePEc:spr:manrev:v:72:y:2022:i:2:d:10.1007_s11301-021-00253-6
    DOI: 10.1007/s11301-021-00253-6
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    Cited by:

    1. Witt, Alessa & Khalik, Mahmoud & Godinez, Jose, 2024. "The internationalization of hidden champions from Germany and the UK: An extension to the Born-Again Global path," Journal of International Management, Elsevier, vol. 30(2).
    2. André Pahnke & Friederike Welter & David B. Audretsch, 2023. "In the eye of the beholder? Differentiating between SMEs and Mittelstand," Small Business Economics, Springer, vol. 60(2), pages 729-743, February.
    3. Zhang, Chunyang & Duan, Zhihui & Liu, Xin, 2023. "The determinants of hidden champion enterprises: Evidence from China," Finance Research Letters, Elsevier, vol. 58(PD).
    4. Bernardo Melo Pimentel & Guillermo Hunter Ramírez, 2022. "Davids and Goliaths: Hidden champions in an age of state capitalism," Working Papers hal-03685959, HAL.
    5. Suwala Lech & Ahrens Jan-Philipp & Basco Rodrigo, 2024. "Family firms, hidden champions and regional development," ZFW – Advances in Economic Geography, De Gruyter, vol. 68(1), pages 1-8.
    6. de Groote, Julia & Feninger, Moritz & Kammerlander, Nadine, 2023. "Family firm internationalization and top management team collaboration: Roles, emotional attachment, and risk perceptions," Journal of World Business, Elsevier, vol. 58(6).
    7. Kyoo-Man Ha, 2024. "Improving disaster management in international tourism," Management Review Quarterly, Springer, vol. 74(3), pages 1423-1437, September.
    8. Alexandra Moritz & Joern Block, 2022. "Editorial to the special issue “Structured Literature Reviews in Entrepreneurship Research-Taking Stock and Setting the Agenda”," Management Review Quarterly, Springer, vol. 72(2), pages 275-279, June.
    9. Huasheng Zhu & Ruobin Liu & Bo Chen, 2023. "The Rise of Specialized and Innovative Little Giant Enterprises under China’s ‘Dual Circulation’ Development Pattern: An Analysis of Spatial Patterns and Determinants," Land, MDPI, vol. 12(1), pages 1-26, January.

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    More about this item

    Keywords

    Literature review; Hidden champions; Niche strategy; Mittelstand; Family firms;
    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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