Table 1 Sample description by two-digit...

Table 1

Sample description by two-digit SIC code

SIC-2	Industry title	Total firms	Total obs	CSCO firms	CSCO obs	Supply risk exposure	Demand risk exposure
		(1)	(2)	(3)	(4)	(5)	(6)
20	Food and Kindred Products	29	102	13	28	0.66	0.71
23	Apparel and Other Textile	7	23	4	11	0.66	0.99
25	Furniture and Fixtures	5	18	1	4	0.65	0.73
26	Paper and Allied Products	12	39	1	3	0.69	0.72
27	Printing and Publishing	4	13	2	6	0.17	0.96
28	Chemical and Allied Prod	88	308	12	38	0.31	0.25
30	Rubber and Misc. Plastics	10	40	3	7	0.55	0.77
32	Stone, Clay and Glass Prod	8	27	2	6	0.82	0.71
33	Primary Metal Industries	21	71	2	7	0.71	0.53
34	Fabricated Metal Products	18	58	1	1	0.61	0.64
35	Indl. Machinery and Equip	68	239	5	14	0.75	0.72
36	Electronic and Electric Eq	17	56	1	1	0.74	0.63
37	Transportation Equipment	47	177	3	7	0.88	0.7
38	Instruments and Related	55	188	9	23	0.36	0.49
39	Misc. Manufacturing Ind	10	35	3	7	0.67	0.82
50	Wholesale-Durable Goods	17	56	2	4	0.91	0.72
51	Wholesale-Nondurable G	9	35	3	6	0.85	0.61
52	Building and Gardening	4	15	2	3	1.00	0.91
54	Food Stores	6	17	3	5	0.46	0.65
55	Automotive and Service	11	41	2	3	0.39	0.74
57	Furniture Stores	1	4	1	1	0.59	0.68
58	Eating and Drinking Places	22	77	7	16	0.29	0.56
59	Miscellaneous Retail	8	24	3	5	0.66	0.88
	Total/Average (St. dev)	477	1,663	85	206	0.59 (0.22)	0.59 (0.19)

SIC-2	Industry title	Total firms	Total obs	CSCO firms	CSCO obs	Supply risk exposure	Demand risk exposure
		(1)	(2)	(3)	(4)	(5)	(6)
20	Food and Kindred Products	29	102	13	28	0.66	0.71
23	Apparel and Other Textile	7	23	4	11	0.66	0.99
25	Furniture and Fixtures	5	18	1	4	0.65	0.73
26	Paper and Allied Products	12	39	1	3	0.69	0.72
27	Printing and Publishing	4	13	2	6	0.17	0.96
28	Chemical and Allied Prod	88	308	12	38	0.31	0.25
30	Rubber and Misc. Plastics	10	40	3	7	0.55	0.77
32	Stone, Clay and Glass Prod	8	27	2	6	0.82	0.71
33	Primary Metal Industries	21	71	2	7	0.71	0.53
34	Fabricated Metal Products	18	58	1	1	0.61	0.64
35	Indl. Machinery and Equip	68	239	5	14	0.75	0.72
36	Electronic and Electric Eq	17	56	1	1	0.74	0.63
37	Transportation Equipment	47	177	3	7	0.88	0.7
38	Instruments and Related	55	188	9	23	0.36	0.49
39	Misc. Manufacturing Ind	10	35	3	7	0.67	0.82
50	Wholesale-Durable Goods	17	56	2	4	0.91	0.72
51	Wholesale-Nondurable G	9	35	3	6	0.85	0.61
52	Building and Gardening	4	15	2	3	1.00	0.91
54	Food Stores	6	17	3	5	0.46	0.65
55	Automotive and Service	11	41	2	3	0.39	0.74
57	Furniture Stores	1	4	1	1	0.59	0.68
58	Eating and Drinking Places	22	77	7	16	0.29	0.56
59	Miscellaneous Retail	8	24	3	5	0.66	0.88
	Total/Average (St. dev)	477	1,663	85	206	0.59 (0.22)	0.59 (0.19)

Note(s): See the Appendix for variable definitions. The risk exposures are based on pre-COVID period 2017–2019

Source(s): Created by authors

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