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the pandemic, but surprisingly little is known on whether these shutdowns turned into permanent closures and whether small … this trend in the third quarter of 2020. The increase in closures rates in the first two quarters of the pandemic was …
Persistent link: https://www.econbiz.de/10014079933
COVID-19 pandemic in the US. We use loan-level microdata for all PPP loans and high-frequency administrative employment data … why some funds initially flowed to regions that were less adversely affected by the pandemic. Second, we exploit regional …
Persistent link: https://www.econbiz.de/10012835112
In addition to its impact on public health, COVID-19 has had a major impact on the economy. To shed light on how COVID-19 is affecting small businesses – and on the likely impact of the recent stimulus bill, we conducted a survey of more than 5,800 small businesses. Several main themes emerge...
Persistent link: https://www.econbiz.de/10012837184
first analysis of impacts of the pandemic on the number of active small businesses in the United States using nationally …
Persistent link: https://www.econbiz.de/10012825688
Using unique City of Oakland data during COVID-19, we document that small business survival capabilities vary by firm size as a function of revenue resiliency, labor flexibility, and committed costs. Nonemployer businesses rely on low cost structures to survive 73% declines in own-store foot...
Persistent link: https://www.econbiz.de/10012826638
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/10012826642
of revenue loss leads to a 1.6 cent decline in the consumption of the owner at this early stage of the pandemic. This … the transfer programs begin; (3) pandemic induced declines in the ability to spend on consumption – spending on travel …
Persistent link: https://www.econbiz.de/10013225413
We use survey data on an opt-in panel of around 2,500 US small businesses to assess the impact of COVID-19. We find a significant negative sales impact that peaked in Quarter 2 of 2020, with an average loss of 29% in sales. The large negative impact masks significant heterogeneity, with over 40%...
Persistent link: https://www.econbiz.de/10013248738
We estimate the impact of COVID-19 on business failures for small and medium sized enterprises (SMEs) using firm …-level data in seventeen countries. Absent government support, the failure rate of SMEs would have increased by 9.1 percentage …
Persistent link: https://www.econbiz.de/10013244116
understand the effects of the early stages of the COVID-19 pandemic on those businesses. The survey was fielded in late April … businesses that had stopped operating due to the pandemic. The survey asks 136 questions covering topics such as changes in … responsibilities. We characterize the adjustments implemented to survive the pandemic and explore the key challenges to continue …
Persistent link: https://www.econbiz.de/10012830234