Berlemann, Michael; Jahn, Vera; Lehmann, Robert - 2020
Mittelstand enterprises, defined as owner-managed SMEs. We present supporting evidence for the hypothesis that Mittelstand firms … performed more stable throughout the Great Recession than non-Mittelstand firms. We also show that owner-managed SMEs performed … significantly better than SMEs and owner-managed large enterprises. Thus, it is rather the combination of firm-size and owner …