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oapen-20.500.12657-877532024-03-28T14:03:18Z EIB Working Paper 2023/05 European Investment Bank Antiques & Collectibles thema EDItEUR::W Lifestyle, Hobbies and Leisure::WC Antiques, vintage and collectables The COVID-19 shock had a strong negative effect on aggregate economic performance, with the average firm taking a hit on sales revenues and financial performance. However, the effects varied from firm to firm. Were already-struggling firms hit hardest, threatening their very survival? Or did the COVID-19 shock disproportionately deter tomorrow’s superstars at the upper end of the distribution, thus sacrificing future growth potential? This paper investigates where the COVID-19 shock hit the firm growth distribution, using graphical techniques and quantile regressions to analyse the full distribution of firm growth rates. We investigate how the COVID-19 shock relates to growth outcomes for four dependent variables: growth of sales, value added, employment, and labour productivity. Our results confirm that COVID-19 policy support reached its intended recipients. 2024-02-17T05:30:57Z 2024-02-17T05:30:57Z 2023 book https://library.oapen.org/handle/20.500.12657/87753 eng application/pdf Attribution-NonCommercial-NoDerivatives 4.0 International SID-0000004487831_optimized.pdf European Investment Bank European Investment Bank 10.2867/551079 10.2867/551079 66479d04-7b84-49c0-9a4d-db552a3ecc71 b818ba9d-2dd9-4fd7-a364-7f305aef7ee9 Knowledge Unlatched (KU) European Investment Bank Knowledge Unlatched open access
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The COVID-19 shock had a strong negative effect on aggregate economic performance, with the average firm taking a hit on sales revenues and financial performance. However, the effects varied from firm to firm. Were already-struggling firms hit hardest, threatening their very survival? Or did the COVID-19 shock disproportionately deter tomorrow’s superstars at the upper end of the distribution, thus sacrificing future growth potential? This paper investigates where the COVID-19 shock hit the firm growth distribution, using graphical techniques and quantile regressions to analyse the full distribution of firm growth rates. We investigate how the COVID-19 shock relates to growth outcomes for four dependent variables: growth of sales, value added, employment, and labour productivity. Our results confirm that COVID-19 policy support reached its intended recipients.
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European Investment Bank
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2024
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