Socially Driven Stakeholder Networks of German Family-Owned Companies as Enablers of Economic Success: A Theoretical and Empirical Study

Henry Schaefer () and Friedrich Voelker
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Henry Schaefer: University of Stuttgart
Friedrich Voelker: University of Stuttgart

A chapter in Innovation Management and Corporate Social Responsibility, 2018, pp 309-333 from Springer

Abstract: Abstract In Germany in many industries like machine building, chemical or automotive family-owned companies stand for above average R&D activities, high quality products, close ties with their customers and outstanding agility. Many of those companies are also well-known for long-lasting and valuable activities in corporate citizenship, mainly focused on their direct neighborhoods and particular stakeholders. The financial success of those companies is often grounded on their networks, as it is typical for the German automotive industry with their close ties to OEMs (see Schäfer and Baumann 2013, pp. 1–2). Since the economic role of such networks for the success of companies in general is well understood, the study of the relevance of stakeholder networks embedded in firm-specific understanding and practice of Corporate Social Responsibility (CSR), the role of in such a way created social capital and especially the links to family-owned companies are just at the beginning and only few empirical studies on that issue exist.

Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:spr:csrchp:978-3-319-93629-1_18

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DOI: 10.1007/978-3-319-93629-1_18

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