TY  - BOOK
AU  - Liu, Yu
AU  - Peng, Mike W.
AU  - Wei, Zuobao
AU  - Xu, Jian
AU  - Xu, Lixin Colin
PY  - 2021
DA  - 2021//
TI  - Organizational resources, country institutions, and national culture behind firm survival and growth during COVID-19
T3  - Policy research working paper 9633
PB  - World Bank Group
CY  - Washington, DC
KW  - CORONAVIRUS
KW  - COVID-19
KW  - FIRM GROWTH
KW  - FIRM SURVIVAL
KW  - ORGANIZATIONAL RESOURCES
KW  - PRIVATE FIRMS
AB  - This paper provides one of the first comprehensive and most updated studies on the effects of firms’ organizational resources, country institutions, and national culture on the survival and growth of private firms around the world during the COVID-19 pandemic. Analyzing World Bank Enterprise Follow-up Surveys on COVID-19 that cover 18,770 firms in 36 countries, the paper documents four sets of findings. (1) During the pandemic, firms with favorable organizational resources (state ownership and affiliation with parent companies) are more likely to survive and grow, whereas firms with foreign ownership or more financial obstacles are less likely to survive or grow. Firms in countries with a higher per capita income, a lower COVID-19 spread, and a less stringent COVID-19 control policy are more likely to survive and grow. (2) Favorable ownership and parent-company affiliations help cushion the pandemic shock during the pandemic. (3) The relationship between firm characteristics and firm survival/growth is significantly affected by the stringency of a country’s COVID-19 policy. (4) Firm survival and growth are positively related to a country’s cultural tendency in terms of long-term orientation and are not significantly related to uncertainty avoidance and individualism. The overall quality of country governance is negatively linked to the odds for firm survival as well as revenue and employment growth.
UR  - http://hdl.handle.net/10986/35455
LA  - English
N1  - Yu Liu, Mike W. Peng, Zuobao Wei, Jian Xu, Lixin Colin Xu
ID  - 1756608253
ER  -