Arbeitspapier
COVID-19 and the resilience of European firms: The influence of pre-crisis productivity, digitalisation and growth performance
We analyse how the COVID-19 crisis impacted firms' employment levels and digitalisation efforts differently depending on their pre-crisis productivity, digitalisation and growth performance. We match the EIB Investment Survey with firm-level financial statements from the ORBIS database for 27 EU Member States and the United Kingdom. Following the sales decline during the crisis, we show that: (1) Higher productivity firms are less prone to reduce the number of employees both in the short and in the long term; (2) High-growth enterprises are also less prone to reduce the number of employees in the long term; (3) Firms in highly digitalised sectors are less likely to reduce the number of employees; (4) Firms are more likely to increase their use of digital technologies, especially those that were already more digitalised before the crisis.
- ISBN
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978-92-861-5392-1
- Language
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Englisch
- Bibliographic citation
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Series: EIB Working Papers ; No. 2022/13
- Classification
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Wirtschaft
Firm Organization and Market Structure
Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
- Subject
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HGE
labour productivity
digitalisation
COVID-19
Mercedes Teruel
Sofia Amaral-Garcia
Peter Bauer
Alex Coad
Clemens Domnick
Péter Harasztosi
Rozália Pál
- Event
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Geistige Schöpfung
- (who)
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Teruel, Mercedes
Amaral-Garcia, Sofia
Bauer, Péter
Coad, Alexander
Domnick, Clemens
Harasztosi, Péter
Pál, Rozália
- Event
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Veröffentlichung
- (who)
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European Investment Bank (EIB)
- (where)
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Luxembourg
- (when)
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2022
- DOI
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doi:10.2867/388751
- Handle
- Last update
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10.03.2025, 11:43 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Teruel, Mercedes
- Amaral-Garcia, Sofia
- Bauer, Péter
- Coad, Alexander
- Domnick, Clemens
- Harasztosi, Péter
- Pál, Rozália
- European Investment Bank (EIB)
Time of origin
- 2022