We investigate whether appointing a middle management level affects startups’ innovation performance. Additional hierarchical levels are often suspected to restrict innovative activities. However,…
We investigate the effect of individual banks’ liquidity shocks during the recent financial crisis of 2008/2009 on the innovation activities of their business customers. Individual banks’ liquidity shocks are…
While the effects of non-geographic aggregation on inference are well studied in economics, research on geographic aggregation is rather scarce. This knowledge gap together with the use of aggregated spatial…