Female-Owned Firms during the COVID-19 Crisis
This brief use firm-level data collected between May 2020 and May 2021 in 41 countries, to provide descriptive evidence on the differential effect of the Coronavirus disease 2019 (COVID-19) crisis on female- and male-owned firms. Data suggest that while female-owned and male-owned businesses closed permanently at the same rates, female-owned firms were more likely to have temporarily closed during the crisis and to have closed for a longer duration. When able to stay in business, female-owned firms were more likely to experience a decrease in demand for their products or services and supply of intermediate inputs than male-owned firms. They also reduced the size of their workforce more than their male counterparts and were more likely to reduce hours worked. Finally, female-owned firms suffered deeper financial distress than male-owned firms. Nevertheless, female and male-owned firms show similar optimism of returning to normal levels of sales or workforce in the near future.
Main Authors: | , , , |
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Format: | Brief biblioteca |
Language: | English |
Published: |
World Bank, Washington, DC
2021-07-29
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Subjects: | CORONAVIRUS, COVID-19, PANDEMIC IMPACT, FEMALE ENTREPRENEURS, OWNERSHIP SHARE, GENDER DISPARITY, FEMALE-OWNED FIRM, TEMPORARY CLOSURE, ECONOMIC SHOCK, FIRM EXIT RATE, SUPPLY SHOCK, ACCESS TO FINANCE, GOVERNMENT SUPPORT, |
Online Access: | http://documents.worldbank.org/curated/en/890571627634660709/Female-Owned-Firms-during-the-COVID-19-Crisis http://hdl.handle.net/10986/36087 |
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dig-okr-10986360872022-08-03T15:18:13Z Female-Owned Firms during the COVID-19 Crisis Hyland, Marie Karalashvili, Nona Muzi, Silvia Viganola, Domenico CORONAVIRUS COVID-19 PANDEMIC IMPACT FEMALE ENTREPRENEURS OWNERSHIP SHARE GENDER DISPARITY FEMALE-OWNED FIRM TEMPORARY CLOSURE ECONOMIC SHOCK FIRM EXIT RATE SUPPLY SHOCK ACCESS TO FINANCE GOVERNMENT SUPPORT This brief use firm-level data collected between May 2020 and May 2021 in 41 countries, to provide descriptive evidence on the differential effect of the Coronavirus disease 2019 (COVID-19) crisis on female- and male-owned firms. Data suggest that while female-owned and male-owned businesses closed permanently at the same rates, female-owned firms were more likely to have temporarily closed during the crisis and to have closed for a longer duration. When able to stay in business, female-owned firms were more likely to experience a decrease in demand for their products or services and supply of intermediate inputs than male-owned firms. They also reduced the size of their workforce more than their male counterparts and were more likely to reduce hours worked. Finally, female-owned firms suffered deeper financial distress than male-owned firms. Nevertheless, female and male-owned firms show similar optimism of returning to normal levels of sales or workforce in the near future. 2021-08-09T15:56:12Z 2021-08-09T15:56:12Z 2021-07-29 Brief http://documents.worldbank.org/curated/en/890571627634660709/Female-Owned-Firms-during-the-COVID-19-Crisis http://hdl.handle.net/10986/36087 English Global Indicators Briefs;No. 2 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Brief |
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CORONAVIRUS COVID-19 PANDEMIC IMPACT FEMALE ENTREPRENEURS OWNERSHIP SHARE GENDER DISPARITY FEMALE-OWNED FIRM TEMPORARY CLOSURE ECONOMIC SHOCK FIRM EXIT RATE SUPPLY SHOCK ACCESS TO FINANCE GOVERNMENT SUPPORT CORONAVIRUS COVID-19 PANDEMIC IMPACT FEMALE ENTREPRENEURS OWNERSHIP SHARE GENDER DISPARITY FEMALE-OWNED FIRM TEMPORARY CLOSURE ECONOMIC SHOCK FIRM EXIT RATE SUPPLY SHOCK ACCESS TO FINANCE GOVERNMENT SUPPORT |
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CORONAVIRUS COVID-19 PANDEMIC IMPACT FEMALE ENTREPRENEURS OWNERSHIP SHARE GENDER DISPARITY FEMALE-OWNED FIRM TEMPORARY CLOSURE ECONOMIC SHOCK FIRM EXIT RATE SUPPLY SHOCK ACCESS TO FINANCE GOVERNMENT SUPPORT CORONAVIRUS COVID-19 PANDEMIC IMPACT FEMALE ENTREPRENEURS OWNERSHIP SHARE GENDER DISPARITY FEMALE-OWNED FIRM TEMPORARY CLOSURE ECONOMIC SHOCK FIRM EXIT RATE SUPPLY SHOCK ACCESS TO FINANCE GOVERNMENT SUPPORT Hyland, Marie Karalashvili, Nona Muzi, Silvia Viganola, Domenico Female-Owned Firms during the COVID-19 Crisis |
description |
This brief use firm-level data collected
between May 2020 and May 2021 in 41 countries, to provide
descriptive evidence on the differential effect of the
Coronavirus disease 2019 (COVID-19) crisis on female- and
male-owned firms. Data suggest that while female-owned and
male-owned businesses closed permanently at the same rates,
female-owned firms were more likely to have temporarily
closed during the crisis and to have closed for a longer
duration. When able to stay in business, female-owned firms
were more likely to experience a decrease in demand for
their products or services and supply of intermediate inputs
than male-owned firms. They also reduced the size of their
workforce more than their male counterparts and were more
likely to reduce hours worked. Finally, female-owned firms
suffered deeper financial distress than male-owned firms.
Nevertheless, female and male-owned firms show similar
optimism of returning to normal levels of sales or workforce
in the near future. |
format |
Brief |
topic_facet |
CORONAVIRUS COVID-19 PANDEMIC IMPACT FEMALE ENTREPRENEURS OWNERSHIP SHARE GENDER DISPARITY FEMALE-OWNED FIRM TEMPORARY CLOSURE ECONOMIC SHOCK FIRM EXIT RATE SUPPLY SHOCK ACCESS TO FINANCE GOVERNMENT SUPPORT |
author |
Hyland, Marie Karalashvili, Nona Muzi, Silvia Viganola, Domenico |
author_facet |
Hyland, Marie Karalashvili, Nona Muzi, Silvia Viganola, Domenico |
author_sort |
Hyland, Marie |
title |
Female-Owned Firms during the COVID-19 Crisis |
title_short |
Female-Owned Firms during the COVID-19 Crisis |
title_full |
Female-Owned Firms during the COVID-19 Crisis |
title_fullStr |
Female-Owned Firms during the COVID-19 Crisis |
title_full_unstemmed |
Female-Owned Firms during the COVID-19 Crisis |
title_sort |
female-owned firms during the covid-19 crisis |
publisher |
World Bank, Washington, DC |
publishDate |
2021-07-29 |
url |
http://documents.worldbank.org/curated/en/890571627634660709/Female-Owned-Firms-during-the-COVID-19-Crisis http://hdl.handle.net/10986/36087 |
work_keys_str_mv |
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