How Do Firms Respond to COVID-19? First Evidence from Suzhou, China

被引：150

作者：

Gu, Xin ^{[1
]}

Ying, Shan ^{[2
]}

Zhang, Weiqiang ^{[1
]}

Tao, Yewei ^{[3
]}

机构：

[1] Southeast Univ, Sch Econ & Management, Jiulonghu Campus, Nanjing, Jiangsu, Peoples R China

[2] Macquarie Univ, Macquarie Business Sch, Sydney, NSW, Australia

[3] State Grid Suzhou Elect Power Co Ltd, Suzhou, Peoples R China

来源：

EMERGING MARKETS FINANCE AND TRADE | 2020年 / 56卷 / 10期

基金：

中国国家自然科学基金;

关键词：

COVID-19; firm performance; electricity consumption;

D O I：

10.1080/1540496X.2020.1789455

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In this article, daily electricity usage data for 34,040 enterprises in Suzhou (China) were examined for economic activity associated with the response to COVID-19. Employing a difference-in-differences estimation model, we find that the manufacturing industry incurred the greatest negative effect while industries such as construction, information transfer, computer services and software, and health care and social work were positively impacted by COVID-19. Private firms suffered more than state-owned enterprises and foreign-owned firms, and smaller firms experienced an additional 30% decline compared to large-sized firms.

引用

页码：2181 / 2197

页数：17

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