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Masters of Disasters: The Heterogeneous Effects of a Crisis on Micro-Sized Firms

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dc.contributor.authorBrucal, Arlan
dc.contributor.authorGrover, Arti
dc.date.accessioned2023-08-30T20:40:53Z
dc.date.available2023-08-30T20:40:53Z
dc.date.issued2023-08-30
dc.description.abstractMost crises have a disproportionately larger negative effect on micro-sized firms. Yet, the heterogeneity of impact within micro-sized firms is lesser known. Using five waves of the World Bank's Business Pulse Survey data, this paper finds that firms with zero to four employees have a much larger drop in sales and slower recovery rate compared to micro-sized firms with five to nine employees. The overall differences in the resilience between the two groups of micro-sized firms could potentially be due to a uniformly lower productivity level of firms with zero to four employees. Within the two groups of micro-sized firms, resilience is correlated with their liquidity position, managerial attitudes as well as their abilities. Using discriminant analysis, this paper confirms that a significant proportion of micro-sized firms mimic the behavior of larger firms in terms of their resilience to shocks and could potentially be “misclassified” as micro-sized. These findings have important implications for targeting and tailoring support for enhancing businesses' resilience to shocks.en
dc.identifierhttp://documents.worldbank.org/curated/en/099756508282325721/IDU08c4f19bc07ff00459f09d080145b21ae0160
dc.identifier.doi10.1596/1813-9450-10556
dc.identifier.urihttps://openknowledge.worldbank.org/handle/10986/40302
dc.languageEnglish
dc.language.isoen
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper; 10556
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by/3.0/igo/
dc.subjectCOVID-19
dc.subjectCRISIS
dc.subjectMICRO AND SMALL FIRMS
dc.subjectINFORMALITY
dc.subjectRESILIENCE
dc.titleMasters of Disastersen
dc.title.subtitleThe Heterogeneous Effects of a Crisis on Micro-Sized Firmsen
dc.typeWorking Paper
dspace.entity.typePublication
okr.crossref.titleMasters of Disasters: The Heterogeneous Effects of a Crisis on Micro-Sized Firms
okr.date.disclosure2023-08-28
okr.date.doiregistration2025-04-07T08:20:50.879808Z
okr.date.doiregistration2025-04-08T16:09:44.538368Z
okr.date.doiregistration2025-04-09T02:57:50.146519Z
okr.date.lastmodified2023-08-28T00:00:00Zen
okr.doctypePolicy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099756508282325721/IDU08c4f19bc07ff00459f09d080145b21ae0160
okr.guid099756508282325721
okr.identifier.docmidIDU-8c4f19bc-7ff0-459f-9d08-145b21ae0160
okr.identifier.doi10.1596/1813-9450-10556
okr.identifier.doihttp://dx.doi.org/10.1596/1813-9450-10556
okr.identifier.externaldocumentum34151748
okr.identifier.internaldocumentum34151748
okr.identifier.reportWPS10556
okr.import.id1657
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099756508282325721/pdf/IDU08c4f19bc07ff00459f09d080145b21ae0160.pdfen
okr.region.administrativeSouth Asia
okr.region.geographicalWorld
okr.sectorSocial Protection
okr.themeLabor Market Institutions,Job Creation,Human Development and Gender,Data Development and Capacity Building,Social Protection,Social Development and Protection,Private Sector Development,Labor Market Policy and Programs,Public Sector Management,Active Labor Market Programs,E-Government, incl. e-services,Job Quality,Jobs,Data production, accessibility and use,Public Administration,Social protection delivery systems
okr.topicPrivate Sector Development::Small and Medium Size Enterprises
okr.topicPrivate Sector Development::Microenterprises
okr.topicMacroeconomics and Economic Growth::Business Cycles and Stabilization Policies
okr.unitOffice of the Chief Economist (SARCE)
relation.isAuthorOfPublicationb51303b6-af29-592e-989d-eab9ca69edc9
relation.isAuthorOfPublication.latestForDiscoveryb51303b6-af29-592e-989d-eab9ca69edc9
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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