The impact of COVID-19 on small business outcomes and expectations
The impact of COVID-19 on small business outcomes and expectations
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DOI：
10.1073/pnas.2006991117
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发表时间：
2020-07-28
影响因子：
11.1
通讯作者：
Stanton, Christopher
中科院分区：
文献类型：
--
作者：
Bartik, Alexander W.;Bertrand, Marianne;Stanton, Christopher
为探讨2019冠状病毒病（COVID-19）对小型企业的影响，我们于2020年3月28日至4月4日期间对5，800多家小型企业进行了调查。出现了几个主题。首先，大规模的裁员和关闭已经发生了--仅仅在危机发生的几周内。第二，倒闭的风险与预期的危机持续时间呈负相关。此外，企业对COVID相关中断的可能持续时间的看法大相径庭。第三，许多小企业在财务上很脆弱：在调查时，月支出超过1万美元的中型企业手头只有大约2周的现金。第四，大多数企业计划通过《冠状病毒援助、救济和经济安全法》（CARES）寻求资金。然而，许多预期的问题与访问该计划，如官僚主义的麻烦和困难，建立资格。使用实验变异，我们还评估了占用率和业务弹性的影响相对于赠款为基础的计划贷款。
To explore the impact of coronavirus disease 2019 (COVID-19) 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 clo-sure was negatively associated with the expected length of the crisis. Moreover, businesses had widely varying beliefs about the likely duration of COVID-related disruptions. Third, many small businesses are financially fragile: The median business with more than $10,000 in monthly expenses had only about 2 wk of cash on hand at the time of the survey. Fourth, the majority of businesses planned to seek funding through the Coronavirus Aid, Relief, and Economic Security (CARES) Act. However, many anticipated prob-lems with accessing the program, such as bureaucratic hassles and difficulties establishing eligibility. Using experimental variation, we also assess take-up rates and business resilience effects for loans relative to grants-based programs.