Publication:
Government Support and Firm Performance during COVID-19

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dc.contributor.authorDemirguc-Kunt, Asli
dc.contributor.authorSinger, Dorothe
dc.contributor.authorBruhn, Miriam
dc.date.accessioned2023-12-19T20:47:51Z
dc.date.available2023-12-19T20:47:51Z
dc.date.issued2023-12-19
dc.description.abstractThis paper assesses the medium-run effects of government support to firms during the COVID-19 crisis and whether the effectiveness of this support varied with its timing. Using data from three rounds of the World Bank’s Enterprise Surveys COVID-19 Follow-up Surveys carried out between May 2020 and April 2022, it relates government support in Round 1 (received in the first half of 2020) and Round 2 (received during the second half of 2020 or early 2021) with firm performance in Round 3 (generally mid-2021). Controlling for a host of background characteristics, firms that received support in Round 1 performed better in terms of Round 3 sales, but only if they did not have continued support. Firms that also received support in Round 2 had similar Round 3 sales as those that received no support and were more likely to decrease employment. Firms that received government support only in Round 2 experienced no boost in Round 3 performance. The findings suggest that government support should be provided promptly, but it should also be phased out quickly.en
dc.identifierhttp://documents.worldbank.org/curated/en/099404412122317205/IDU0d4cdf5830014b043cf0801e03451560fd5f5
dc.identifier.doi10.1596/1813-9450-10641
dc.identifier.urihttps://openknowledge.worldbank.org/handle/10986/40769
dc.languageEnglish
dc.language.isoen
dc.publisherWashington, DC: World Bank
dc.relation.ispartofseriesPolicy Research Working Paper; 10641
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by/3.0/igo/
dc.titleGovernment Support and Firm Performance during COVID-19en
dc.typeWorking Paper
dspace.entity.typePublication
okr.associatedcontenthttps://reproducibility.worldbank.org/index.php/catalog/83 Link to data and reproducibility package
okr.crossref.titleGovernment Support and Firm Performance during COVID-19
okr.date.disclosure2023-12-12
okr.date.doiregistration2025-04-07T08:52:38.733537Z
okr.date.doiregistration2025-04-08T16:26:37.860809Z
okr.date.doiregistration2025-04-09T03:02:34.580528Z
okr.date.lastmodified2023-12-12T00:00:00Zen
okr.doctypePolicy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099404412122317205/IDU0d4cdf5830014b043cf0801e03451560fd5f5
okr.guid099404412122317205
okr.identifier.docmidIDU-d4cdf583-014b-43cf-801e-3451560fd5f5
okr.identifier.doi10.1596/1813-9450-10641
okr.identifier.doihttp://dx.doi.org/10.1596/1813-9450-10641
okr.identifier.externaldocumentum34213298
okr.identifier.internaldocumentum34213298
okr.identifier.reportWPS10641
okr.import.id2615
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099404412122317205/pdf/IDU0d4cdf5830014b043cf0801e03451560fd5f5.pdfen
okr.region.geographicalWorld
okr.sectorCentral Government (Central Agencies)
okr.themeFinancial Infrastructure and Access,Economic Policy,Economic Growth and Planning,Financial inclusion,Finance,Macroeconomic & Structural Policy Modelling
okr.topicSocial Protections and Labor::Safety Nets and Transfers
okr.topicHealth, Nutrition and Population::Disease Control & Prevention
okr.topicPrivate Sector Development::Private Sector Economics
okr.unitOffice of the Chief Economist (ECACE)
okr.unitDECRG: Finance & Priv Sec Devt (DECFP)
relation.isAuthorOfPublication234a20c0-893c-561a-8c90-6f5be5be5b9b
relation.isAuthorOfPublication471c8982-45ac-42cd-87d0-3e505bd1a972
relation.isAuthorOfPublication.latestForDiscovery234a20c0-893c-561a-8c90-6f5be5be5b9b
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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