Does Better Access to Finance Help Firms Deal with the COVID-19 Pandemic? Evidence from Firm-Level Survey Data
نویسندگان
چکیده
The advent of the novel coronavirus (COVID-19) pandemic has led to a severe liquidity crunch among private firms. Yet, formal analysis impact or access finance on performance firms during is limited. present paper estimates in period before likelihood decline sales firm pandemic. results show strong connection between two. That is, with better are significantly less likely experience sales, and this relationship highly heterogenous. First, reduces much more for that have stronger long-standing important stakeholders such as skilled workers input suppliers. These use relative unskilled workers, industries complex network suppliers, countries where cost enforcing contracts new suppliers high. Second, women men workers. This especially so societies accord higher value women’s caregiving role than their work outside home. argues both these heterogeneities along expected lines derive from specific ways which benefits fighting Thus, they help raise confidence against endogeneity concerns about main results.
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ژورنال
عنوان ژورنال: World Bank policy research working paper
سال: 2021
ISSN: ['1813-9450']
DOI: https://doi.org/10.1596/1813-9450-9697