Narrow search
Showing 1 - 10 of 1,248
Cover Image
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
Cover Image
The Impact of COVID-19 on US Firms
Bloom, Nicholas; Fletcher, Robert S.; Yeh, Ethan - National Bureau of Economic Research - 2021
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/10012482532
Cover Image
Did the $ 660 Billion Paycheck Protection Program and $220 Billion Economic Injury Disaster Loan Program Get Disbursed to Minority Communities in the Early Stages of COVID-19?
Fairlie, Robert W.; Fossen, Frank M. - National Bureau of Economic Research - 2021
Social distancing restrictions and health- and economic-driven demand shifts from COVID-19 shut down many small businesses with especially negative impacts on minority owners. Is there evidence that the unprecedented federal government response to help small businesses - the $659 billion...
Persistent link: https://www.econbiz.de/10012482539
Cover Image
Monetary Policy, Business Cycles and the Behavior of Small Manufacturing Firms
Gertler, Mark - 1991
We present evidence on the cyclical behavior of small versus large manufacturing firms, and on the response of the two classes of firms to monetary policy. Our goal is to take a step toward quantifying the role of credit market imperfections in the business cycle and in the monetary transmission...
Persistent link: https://www.econbiz.de/10012475095
Cover Image
Measuring and Explaining Management Practices Across Firms and Countries
Bloom, Nick - 2006
We use an innovative survey tool to collect management practice data from 732 medium sized manufacturing firms in the …-level productivity, profitability, Tobin's Q, sales growth and survival rates. Management practices also display significant cross … tail of extremely badly managed firms. We find that poor management practices are more prevalent when (a) product market …
Persistent link: https://www.econbiz.de/10012466452
Cover Image
Business Practices in Small Firms in Developing Countries
McKenzie, David - 2015
Management has a large effect on the productivity of large firms. But does management matter in micro and small firms …
Persistent link: https://www.econbiz.de/10012457163
Cover Image
Uncertainty Business Cycles - Really?
Bachmann, Ruediger - 2011
Are fluctuations in firms' profitability risk a major cause of regular business cycles? We study this question within the framework of a heterogeneous-firm dynamic stochastic general equilibrium model with fixed capital adjustment costs. In such a model, surprise increases of risk lead to a...
Persistent link: https://www.econbiz.de/10012461796
Cover Image
Does Distance Still Matter? The Information Revolution in Small Business Lending
Petersen, Mitchell A. - 2000
The distance between small firms and their lenders in the United States is increasing. Not only are firms choosing more distant lenders, they are also communicating with them in more impersonal ways. After documenting these systematic changes, we demonstrate that they do not stem from small...
Persistent link: https://www.econbiz.de/10012471076
Cover Image
Risk-Taking and Monetary Policy Transmission : Evidence from Loans to SMEs and Large Firms
Caglio, Cecilia R.; Darst, R. Matthew; Kalemli-Ozcan, Sebnem - National Bureau of Economic Research - 2021
Using confidential regulatory firm-bank-loan level data from the U.S., we document four new facts about the credit market. First, private SMEs typically utilize all available bank credit which comprises their entire balance sheet debt, compared to large listed firms who can switch between...
Persistent link: https://www.econbiz.de/10012510563
Cover Image
Racial Disparities in Access to Small Business Credit : Evidence from the Paycheck Protection Program
Howell, Sabrina T.; Kuchler, Theresa; Snitkof, David; … - National Bureau of Economic Research - 2021
We explore the sources of racial disparities in small business lending by studying the $806 billion Paycheck Protection Program (PPP), which was designed to support small business jobs during the COVID-19 pandemic. PPP loans were administered by private lenders but federally guaranteed, largely...
Persistent link: https://www.econbiz.de/10012660042