With two-thirds to three-quarters of all companies, family firms are the most common firm type worldwide and employ around 60 percent of all employees, making them of considerable importance for almost all economies. Despite this high practical relevance, academic research took notice of family firms as intriguing research subjects comparatively late. However, the field of family business research has grown eminently over the past two decades and has established itself as a mature research field with a broad thematic scope. In addition to questions relating to corporate governance, family firm succession and the consideration of entrepreneurial families themselves, researchers mainly focused on the impact of family involvement in firms on their financial performance and firm strategy. This dissertation examines the financial performance and capital structure of family firms in various meta-analytical studies. Meta-analysis is a suitable method for summarizing existing empirical findings of a research field as well as identifying relevant moderators of a relationship of interest. First, the dissertation examines the question whether family firms show better financial performance than non-family firms. A replication and extension of the study by O’Boyle et al. (2012) based on 1,095 primary studies reveals a slightly better performance of family firms compared to non-family firms. Investigating the moderating impact of methodological choices in primary studies, the results show that outperformance holds mainly for large and publicly listed firms and with regard to accounting-based performance measures. Concerning country culture, family firms show better performance in individualistic countries and countries with a low power distance. Furthermore, this dissertation investigates the sensitivity of family firm performance with regard to business cycle fluctuations. Family firms show a pro-cyclical performance pattern, i.e. their relative financial performance compared to non-family firms is better in economically good times. This effect is particularly pronounced in Anglo-American countries and emerging markets. In the next step, a meta-analytic structural equation model (MASEM) is used to examine the market valuation of public family firms. In this model, profitability and firm strategic choices are used as mediators. On the one hand, family firm status itself does not have an impact on firms‘ market value. On the other hand, this study finds a positive indirect effect via higher profitability levels and a negative indirect effect via lower R&D intensity. A split consideration of family ownership and management shows that these two effects are mainly driven by family ownership, while family management results in less diversification and internationalization. Finally, the dissertation examines the capital structure of public family firms. Univariate meta-analyses indicate on average lower leverage ratios in family firms compared to non-family firms. However, there is significant heterogeneity in mean effect sizes across the 45 countries included in the study. The results of a meta-regression reveal that family firms use leverage strategically to secure their controlling position in the firm. While strong creditor protection leads to lower leverage ratios in family firms, strong shareholder protection has the opposite effect.

In current times, the coronavirus is spreading and taking its toll all over the world. Inspite of having developed into a global pandemic, COVID-19 is oftentimes met with local national(ist) reactions. Many states pursue iso-lationist politics by closing and enforcing borders and by focusing entirely on their own functioning in this mo-ment of crisis. This nationalist/nationally-oriented rebordering politics goes hand in hand with what might be termed ‘linguistic rebordering,’ i.e. the attempts of constructing the disease as something foreign-grown and by apportioning the blame to ‘the other.’ This paper aims at laying bare the interconnectedness of these geopoliti-cal and linguistic/discursive rebordering politics. It questions their efficacy and makes a plea for cross-border solidarity.

Durch das Zusammenspiel von Big Data und künstlicher Intelligenz eröffnen sich ganz neue Möglichkeiten, auch im Bereich der öffentlichen Sicherheit. Immer mehr Städte weltweit machen davon Gebrauch und setzen auf Kameras mit computergesteuerter Gesichtserkennung. Nicht jeder ist damit einverstanden. Wie kann man die aktuelle gesellschaftliche Debatte um öffentliche Sicherheit und Privatsphäre mit Jugendlichen besprechen?

Digitale Medien können dabei helfen, Unterrichtsinhalte auf motivierende und anschauliche Weise zu thematisieren und demokratische Handlungskompetenzen von Schüler*innen zu trainieren. Die App „KonterBUNT. Einschreiten für Demokratie“ unterstützt Jugendliche bei der Auseinandersetzung mit menschenverachtenden Parolen.

Jugendliche zu unterstützen, sich auszudrücken, ist ein wichtiger Bereich der Demokratiebildung. Eine der Möglichkeiten dafür ist es, sie die Medien gestalten zu lassen, die sie am besten kennen. Der vorliegende Artikel beschäftigt sich vor allem mit der Frage, wie man kreative und themenbezogene Projektarbeit mit digitalen Medien – genauer: dem Smartphone – verbinden kann.