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...
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World Bank, Washington, DC
2021
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| 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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okr-10986-360872022-08-03T15:18:13Z 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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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
| language |
English |
| topic |
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 |
| spellingShingle |
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 |
| relation |
Global Indicators Briefs;No. 2 |
| 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 |
| 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 |
| url |
http://documents.worldbank.org/curated/en/890571627634660709/Female-Owned-Firms-during-the-COVID-19-Crisis http://hdl.handle.net/10986/36087 |
| _version_ |
1764484400826810368 |