Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/226280
Authors: 
Alekseev, Georgij
Amer, Safaa
Gopal, Manasa
Kuchler, Theresa
Schneider, J. W.
Stroebel, Johannes
Wernerfelt, Nils
Year of Publication: 
2020
Series/Report no.: 
CESifo Working Paper No. 8578
Abstract: 
We analyze a large-scale survey of owners, managers, and employees of small businesses in the United States to understand the effects of the early stages of the COVID-19 pandemic on those businesses. The survey was fielded in late April 2020 among Facebook business page administrators, frequent sellers on Facebook's e-commerce platform Marketplace, and the general Facebook user population. We observe more than 66,000 responses covering most sectors of the economy, including many businesses that had stopped operating due to the pandemic. The survey asks 136 questions covering topics such as changes in business operations and employment, changes in financing patterns, and the interaction of household and business responsibilities. We characterize the adjustments implemented to survive the pandemic and explore the key challenges to continue operating or to re-open. We show how these patterns differ across industry, firm size, owner gender, and other firm characteristics.
Subjects: 
small businesses
COVID-19
working from home
small business finance
JEL: 
E30
L26
M13
Document Type: 
Working Paper

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