Citation

Discussion Paper Details

Please find the details for DP15290 in an easy to copy and paste format below:

Full Details

Title: The Effects of COVID-19 on U.S. Small Businesses: Evidence from Owners, Managers, and Employees

Author(s): Georgij Alekseev, Safaa Amer, Manasa Gopal, Theresa Kuchler, JW Schneider, Johannes Str�bel and Nils Wernerfelt

Publication Date: September 2020

Keyword(s): COVID-19, Small business finance, small businesses and Working from Home

Programme Area(s): Financial Economics

Abstract: We analyze a large-scale survey of owners, managers, and employees of small businesses in the United States to understand the effects of the early stages of the COVID-19 pandemic on those businesses. The survey was fielded in late April 2020 among Facebook business page administrators, frequent sellers on Facebook's e-commerce platform Marketplace, and the general Facebook user population. We observe more than 66,000 responses covering most sectors of the economy, including many businesses that had stopped operating due to the pandemic. The survey asks 136 questions covering topics such as changes in business operations and employment, changes in financing patterns, and the interaction of household and business responsibilities. We characterize the adjustments implemented to survive the pandemic and explore the key challenges to continue operating or to re-open. We show how these patterns differ across industry, firm size, owner gender, and other firm characteristics.

For full details and related downloads, please visit: https://cepr.org/active/publications/discussion_papers/dp.php?dpno=15290

Bibliographic Reference

Alekseev, G, Amer, S, Gopal, M, Kuchler, T, Schneider, J, Str�bel, J and Wernerfelt, N. 2020. 'The Effects of COVID-19 on U.S. Small Businesses: Evidence from Owners, Managers, and Employees'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=15290