1. bookVolume 6 (2018): Issue 1 (June 2018)
Journal Details
License
Format
Journal
eISSN
2198-6800
First Published
16 Apr 2017
Publication timeframe
2 times per year
Languages
English, German
Open Access

The Mittelstand: a Specific Entrepreneurial Profile of the Social Market Economy

Published Online: 26 Mar 2019
Volume & Issue: Volume 6 (2018) - Issue 1 (June 2018)
Page range: 99 - 106
Received: 04 Feb 2018
Accepted: 28 Feb 2018
Journal Details
License
Format
Journal
eISSN
2198-6800
First Published
16 Apr 2017
Publication timeframe
2 times per year
Languages
English, German
Abstract

Mittelstand companies are the backbone of the German economy: they constitute the vast majority of enterprises in Germany, contribute to employment, and are a pillar of the German apprenticeship system. The specific ownership–management structure of the Mittelstand used to go hand in hand with social, intergenerational, and regional responsibility. However, today’s very small and young entrepreneurs do not perceive themselves as Mittelstand; many entrepreneurs do not intend to employ others, and structural changes in the economy have also resulted in fundamental changes of the Mittelstand. This paper explores the characteristics of the Mittelstand and its future, asking whether Mittelstand will continue to play a fundamental role in the social market economy in Germany.

Keywords

JEL Classification

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