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Wirkungsanalyse der Förderung von kleinen und mittleren Unternehmen der informationstechnischen Industrie in den neuen Bundesländern auch im Hinblick auf die Entwicklung der global...

Driesel, Henry (contributor) - 1996

Persistent link: https://www.econbiz.de/10000963555

The 2021 Paycheck Protection Program Reboot : Loan Disbursement to Employer and Nonemployer Businesses in Minority Communities

Fairlie, Robert W.; Fossen, Frank M. - National Bureau of Economic Research - 2022

Was the $278 billion reboot of the $800 billion Paycheck Protection Program (PPP) in early 2021 disbursed equitably to minority communities? This paper provides the first analysis of how PPP funds were disbursed to minority communities in the third and final round of the program, which was...

Persistent link: https://www.econbiz.de/10012938701

Fiscal Policy in the Age of COVID : Does it ‘Get in all of the Cracks?'

Gourinchas, Pierre-Olivier; Kalemli-Ozcan, Sebnem; … - National Bureau of Economic Research - 2021

We study the effects of fiscal policy in response to the COVID-19 pandemic at the firm, sector, country and global level. First, we estimate the impact of COVID-19 and policy responses on small and medium sized enterprise (SME) business failures. We combine firm-level financial data from 50...

Persistent link: https://www.econbiz.de/10012629513

Toolkit for Impact Evaluation of Public Credit Guarantee Schemes for SMEs

World Bank Group - 2018

), with varying severity of financing constraints across countries. SMEs face higher transaction costs and higher risk … premiums since they are typically more opaque and have less or inadequate collateral to offer. Financing is also a major … constraint in advanced economies, where financing gaps for SMEs were exacerbated by the 2008-2009 financial and economic crisis …

Persistent link: https://www.econbiz.de/10012645584

Do Cash Windfalls Affect Wages? Evidence from R&D Grants to Small Firms

Howell, Sabrina T. - 2020

This paper examines how employee earnings at small firms respond to a cash flow shock in the form of a government R&D grant. We use ranking data on applicant firms, which we link to IRS W2 earnings and other U.S. Census Bureau datasets. In a regression discontinuity design, we find that the...

Persistent link: https://www.econbiz.de/10012479241

COVID-19 and SME Failures

Gourinchas, Pierre-Olivier - 2020

We estimate the impact of the COVID-19 crisis on business failures among small and medium size enterprises (SMEs) in seventeen countries using a large representative firm-level database. We use a simple model of firm cost-minimization and measure each firm's liquidity shortfall during and after...

Persistent link: https://www.econbiz.de/10012481180

The Impact of COVID-19 on Small Business Owners : The First Three Months after Social-Distancing Restrictions

Fairlie, Robert W. - 2020

Social distancing restrictions and health- and economic-driven demand shifts from COVID-19 are expected to shutter many small businesses and entrepreneurial ventures, but there is very little early evidence on impacts. This paper provides the first analysis of impacts of the pandemic on the...

Persistent link: https://www.econbiz.de/10012481317

The Targeting and Impact of Paycheck Protection Program Loans to Small Businesses

Bartik, Alexander W. - 2020

The Paycheck Protection Program (PPP) aimed to quickly deliver hundreds of billions of dollars of loans to small businesses, with the loans administered via private banks. In this paper, we use firm-level data to document the demand and supply of PPP funds. Using an instrumental variables...

Persistent link: https://www.econbiz.de/10012481476

The Impact of Covid-19 on Small Business Owners : Evidence of Early-Stage Losses from the April 2020 Current Population Survey

Fairlie, Robert W. - 2020

Social distancing restrictions and demand shifts from COVID-19 are expected to shutter many small businesses, but there is very little early evidence on impacts. This paper provides the first analysis of impacts of the pandemic on the number of active small businesses in the United States using...

Persistent link: https://www.econbiz.de/10012481503

Did the Paycheck Protection Program Hit the Target?

Granja, João - 2020

This paper provides a comprehensive assessment of financial intermediation and the economic effects of the Paycheck Protection Program (PPP), a large and novel small business support program that was part of the initial policy response to the COVID-19 pandemic in the US. We use loan-level...

Persistent link: https://www.econbiz.de/10012481679