In a nutshell
- Restrictions tightening and higher volatility of the stringency index are negatively associated with firms’ sales.
- Larger firms and those with higher access to finance performed better all else being equal.
- Access to finance does not seem to lessen the negative effect of the stringency of restrictions on sales.
- Firms’ which adapted by changing their business model or digitalizing dampened the effects of higher stringency
- Only a change in the business model can dampen the effects of higher volatility.
- There is evidence of a stronger negative effect of restrictions tightening for foreign-owned and exporting firms.
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Research Fellows
Mohamed Ali Marouani
Associate Professor, Université Paris1-Panthéon-Sorbonne
![Which Firms Performed Better in Social Distancing Times?](https://erf.org.eg/app/uploads/2016/07/1595361781_796_39154_nl_nesmaali-150x150.jpg)
Research Associates
Nesma Ali
Post-Doctoral Researcher at Düsseldorf Institute for Competition...
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Speakers
Lisa Chauvet
Professor of Economics, University of Paris 1...