Ramirez-Cuellar, Jaime; Espinosa-Torres, Juan Andres - 2022
We explore firm-level markup and profit rates during the COVID-19 pandemic for a panel of 3,548 publicly-traded firms … and profitability. Furthermore, focusing on the average firm masks large heterogeneity in the disruption caused by the …-exchange tenure, employment, profitability, and market share. We find that firms that have lower profitability than what we could …