The effects of COVID-19 on businesses: key versus non-key firms
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Organización Internacional del Trabajo (OIT)
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| Format: | Entrada de enciclopedia |
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International Labour Organization
2022
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| _version_ | 1874525317605883907 |
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| author | Henry Stemmler |
| author_facet | Henry Stemmler Henry Stemmler |
| contents | The effects of COVID-19 on businesses: key versus non-key firms Henry Stemmler During the COVID-19 pandemic, governments designated specific services as “essential,” which allowed firms operating in those sectors to remain (partially) open as well as being granted other preferential treatment. This paper analyses the effects of the key-status, by mapping the countries’ lists to the sectoral level, and matching these sectors with firm-level Covid-19 survey data from 27 countries. The findings reveal that, controlling for a rich set of firm-level and sectoral characteristics, firms deemed key less often reported declining sales and demand for their goods or services, and had a smaller number of furloughed workers. Nonetheless, non-key firms were more likely to employ online business activities and to change the main product or service they offered, reflecting the necessity to otherwise adjust to the economic downturn and changes in demand. ILO working paper, 77, ILO 10.54394/BZKJ3115 DOI https://doi.org/10.54394/BZKJ3115; ISBN 9789220376980,9789220376966 publication.encyclopediaEntry |
| format | Entrada de enciclopedia |
| id | ilo_995219091402676 |
| institution | Organización Internacional del Trabajo (OIT) |
| publishDate | 2022 |
| publisher | International Labour Organization |
| spellingShingle | The effects of COVID-19 on businesses: key versus non-key firms Henry Stemmler The effects of COVID-19 on businesses: key versus non-key firms Henry Stemmler During the COVID-19 pandemic, governments designated specific services as “essential,” which allowed firms operating in those sectors to remain (partially) open as well as being granted other preferential treatment. This paper analyses the effects of the key-status, by mapping the countries’ lists to the sectoral level, and matching these sectors with firm-level Covid-19 survey data from 27 countries. The findings reveal that, controlling for a rich set of firm-level and sectoral characteristics, firms deemed key less often reported declining sales and demand for their goods or services, and had a smaller number of furloughed workers. Nonetheless, non-key firms were more likely to employ online business activities and to change the main product or service they offered, reflecting the necessity to otherwise adjust to the economic downturn and changes in demand. ILO working paper, 77, ILO 10.54394/BZKJ3115 DOI https://doi.org/10.54394/BZKJ3115; ISBN 9789220376980,9789220376966 publication.encyclopediaEntry |
| title | The effects of COVID-19 on businesses: key versus non-key firms |
| url | https://researchrepository.ilo.org/esploro/outputs/encyclopediaEntry/The-effects-of-COVID-19-on-businesses/995219091402676 |