Dörr, Julian Oliver; Licht, Georg; Murmann, Simona - In: Small Business Economics 58 (2021) 2, pp. 887-917
months of the crisis, SMEs as the backbone of Germany's economy benefited from large and mainly indiscriminate aid measures … firms' pre-crisis financial standing, we estimate the extent to which the policy response induced an insolvency gap and … among financially weak, small firms, having potential long-term implications on entrepreneurship and economic recovery …