This study explores the factors that affect the likelihood of German companies to be a hidden champion. Based on an econometric estimation model the authors can confirm prior research findings that specific enterprise characteristics such as research and development, international business activities and the ambition to maximise market shares have significant positive effects on the likelihood to belong to the group of hidden champions. The study also shows that hidden champions make little use of state support measures.
External publication | 2024 Determinants of Hidden Champions
Schlepphorst, S.; Schlömer-Laufen, N.; Holz, M. (2024): Determinants of Hidden Champions: Evidence from Germany. In: Büchler, J.P.; Hoon, C. (Hrsg.), Hidden Champions Case Compendium. Springer Gabler, Wiesbaden. S. 99¬–116.https://doi.org/10.1007/978-3-658-44300-9_7