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To explore the impact of COVID on small businesses, we conducted a survey of more than 5,800 small businesses between March 28 and April 4, 2020. Several themes emerged. First, mass layoffs and closures had already occurred – just a few weeks into the crisis. Second, the risk of closure was...
Persistent link: https://www.econbiz.de/10012241024
While the COVID-19 pandemic had a large and asymmetric impact on firms, many countries quickly enacted massive business rescue programs which are specifically targeted to smaller firms. Little is known about the effects of such policies on business entry and exit, factor reallocation, and...
Persistent link: https://www.econbiz.de/10013165304
While the COVID-19 pandemic had a large and asymmetric impact on firms, many countries quickly enacted massive business rescue programs which are specifically targeted to smaller firms. Little is known about the effects of such policies on business entry and exit, factor reallocation, and...
Persistent link: https://www.econbiz.de/10013166369
We introduce a novel data set to analyze the impact of the Covid-19 crisis on SME cash flows. The crisis led to a sharp … points in total. We document a few basic facts on UK SME cash flows during Covid-19. (1) The virus and the public health … interventions coincided with a 30 percentage point reduction in turnover growth for the average SME. (2) There was significant …
Persistent link: https://www.econbiz.de/10013222421
; education; and other services are among the sectors most affected. The SME jobs at risk due to business failures related to …
Persistent link: https://www.econbiz.de/10013232582
This paper analyses the local lockdown measures introduced to contain the spread of Covid-19 in the UK. We use a spatial regression discontinuity design to assess whether the fall in business activity during the lockdowns was driven by the policy measures or by other factors, such as voluntary...
Persistent link: https://www.econbiz.de/10013322400
; education; and other services are among the sectors most affected. The SME jobs at risk due to business failures related to …
Persistent link: https://www.econbiz.de/10012392364
While the COVID-19 pandemic had a large and asymmetric impact on firms, many countries quickly enacted massive business rescue programs which are specifically targeted to smaller firms. Little is known about the effects of such policies on business entry and exit, factor reallocation, and...
Persistent link: https://www.econbiz.de/10013293851
COVID-19 crisis. We find that, in the absence of government support, SME failure rates would have increased by 6 …
Persistent link: https://www.econbiz.de/10014288065
While the COVID-19 pandemic had a large and asymmetric impact on firms, many countries quickly enacted massive business rescue programs which are specifically targeted to smaller firms. Little is known about the effects of such policies on business entry and exit, factor reallocation, and...
Persistent link: https://www.econbiz.de/10013288779