Taxonomies of patterns of innovation give a dominant role to large firms, and are often based on empirical studies that exclude micro firms. This paper proposes an empirical taxonomy of the innovative firms at the bottom of the size distribution, based on a new survey of 1,234 small firms and micro firms in the Netherlands, in both manufacturing and services. These firms differ not only in thei...

Abstract COVID-19 placed a special role on fiscal policy in rescuing companies short of liquidity from insolvency. In the first months crisis, SMEs as backbone Germany’s economy benefited large and mainly indiscriminate aid measures. Avoiding business failures whatever-it-takes fashion contrasts, however, with cleansing mechanism economic crises: which forces unviable firms out market, thereby ...