EIB Working Paper 2022/13 - COVID-19 and the resilience of European firms
Past research suggests that economic crisis lead to a reallocation of resources from less productive to more productive firms, with many firms taking action to boost their own productivity. This paper uses data from the EIB Investment Survey and the ORBIS database to analyse how the COVID-19 crisis...
Sábháilte in:
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| Formáid: | Online |
| Teanga: | Béarla |
| Foilsithe / Cruthaithe: |
European Investment Bank
2022
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| Ábhair: | |
| Rochtain ar líne: | https://library.oapen.org/handle/20.500.12657/60262 |
| Clibeanna: |
Níl clibeanna ann, Bí ar an gcéad duine le clib a chur leis an taifead seo!
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| _version_ | 1869527571306119168 |
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| author | European Investment Bank |
| author_browse | European Investment Bank |
| author_facet | European Investment Bank |
| author_sort | European Investment Bank |
| collection | Directory of Open Access Books |
| description | Past research suggests that economic crisis lead to a reallocation of resources from less productive to more productive firms, with many firms taking action to boost their own productivity. This paper uses data from the EIB Investment Survey and the ORBIS database to analyse how the COVID-19 crisis affected the level of employment and digitalisation efforts of European firms. Moreover, it examines how these changes relate to the pre-crisis performance of firms, in terms of productivity, digitalisation and growth. It finds that firms were less likely to reduce their number of employees, both in the short and in the long term, if they exhibited higher productivity or higher growth, or were in highly digitalised sectors. It also finds that firms were more likely to increase their use of digital technologies during the crisis if they were already relatively advanced users of digital technologies. |
| format | Online |
| id | doab-20.500.12854ir-95432 |
| institution | Directory of Open Access Books |
| language | eng |
| publishDate | 2022 |
| publishDateRange | 2022 |
| publishDateSort | 2022 |
| publisher | European Investment Bank |
| publisherStr | European Investment Bank |
| record_format | ojs |
| spelling | doab-20.500.12854ir-954322025-07-30T08:53:18Z EIB Working Paper 2022/13 - COVID-19 and the resilience of European firms European Investment Bank Business & Economics Banks & Banking Business & Economics thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFK Banking thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management Past research suggests that economic crisis lead to a reallocation of resources from less productive to more productive firms, with many firms taking action to boost their own productivity. This paper uses data from the EIB Investment Survey and the ORBIS database to analyse how the COVID-19 crisis affected the level of employment and digitalisation efforts of European firms. Moreover, it examines how these changes relate to the pre-crisis performance of firms, in terms of productivity, digitalisation and growth. It finds that firms were less likely to reduce their number of employees, both in the short and in the long term, if they exhibited higher productivity or higher growth, or were in highly digitalised sectors. It also finds that firms were more likely to increase their use of digital technologies during the crisis if they were already relatively advanced users of digital technologies. 2022-12-17T04:00:53Z 2022-12-17T04:00:53Z 2022-12-16T05:31:16Z 2022 book https://library.oapen.org/handle/20.500.12657/60262 9789286153921 https://directory.doabooks.org/handle/20.500.12854/95432 eng open access image/jpeg image/jpeg image/jpeg image/jpeg Attribution-NonCommercial-NoDerivatives 4.0 International Attribution-NonCommercial-NoDerivatives 4.0 International Attribution-NonCommercial-NoDerivatives 4.0 International Attribution-NonCommercial-NoDerivatives 4.0 International https://library.oapen.org/bitstream/20.500.12657/60262/1/20220232_economics_working_paper_2022_13_en.pdf https://library.oapen.org/bitstream/20.500.12657/60262/1/20220232_economics_working_paper_2022_13_en.pdf https://library.oapen.org/bitstream/20.500.12657/60262/1/20220232_economics_working_paper_2022_13_en.pdf https://library.oapen.org/bitstream/20.500.12657/60262/1/20220232_economics_working_paper_2022_13_en.pdf European Investment Bank European Investment Bank 10.2867/388751 10.2867/388751 feca012f-a3d8-4aac-95aa-b6cf4bdbed7c Knowledge Unlatched 9789286153921 Knowledge Unlatched (KU) KU Open Services European Investment Bank open access |
| spellingShingle | Business & Economics Banks & Banking Business & Economics thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFK Banking thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management European Investment Bank EIB Working Paper 2022/13 - COVID-19 and the resilience of European firms |
| title | EIB Working Paper 2022/13 - COVID-19 and the resilience of European firms |
| title_full | EIB Working Paper 2022/13 - COVID-19 and the resilience of European firms |
| title_fullStr | EIB Working Paper 2022/13 - COVID-19 and the resilience of European firms |
| title_full_unstemmed | EIB Working Paper 2022/13 - COVID-19 and the resilience of European firms |
| title_short | EIB Working Paper 2022/13 - COVID-19 and the resilience of European firms |
| title_sort | eib working paper 2022 13 covid 19 and the resilience of european firms |
| topic | Business & Economics Banks & Banking Business & Economics thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFK Banking thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management |
| topic_facet | Business & Economics Banks & Banking Business & Economics thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFK Banking thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management |
| url | https://library.oapen.org/handle/20.500.12657/60262 |
| work_keys_str_mv | AT europeaninvestmentbank eibworkingpaper202213covid19andtheresilienceofeuropeanfirms |