Description of variables, acronyms and assigned codes
| Variable and acronym | Description and codes |
|---|---|
| Dependent variables (PERFORM) | |
| IMPACT | Impact on firms is reflected as follows: firms confirmed as being permanently closed (code 0); temporarily closed (code 1); open (code 2) during the COVID-19 outbreak |
| SALESEMPL | Change in monthly sales per employee during COVID-19 compared to the respective month of the previous year (%) |
| Firm-specific factors (FIRM) | |
| SECTOR | Sectors are grouped as follows: 1 – manufacturing; 2 – retail sector; 3 – other |
| SIZE | Number of employees – permanent full-time workers end of December 2019 |
| EXPORTERS | 1 – Exporter (10% or more of sales exported directly); 2 – non-exporter |
| DEMAND | Market demand under COVID-19 outbreak for this firm’s products and services: 0 – decreased; 1 – remain the same; 2 – increased |
| ADJUSTED | Indication whether a firm has adjusted or converted, partially, or fully, its production or the services in response to the COVID-19 outbreak: 0 – no; 1 – yes |
| Financial sources (FINANCE) | |
| BUFFER | The number of weeks that this firm will be able to remain open if its sales ceased as of today |
| EQUITY | Since the outbreak of COVID-19, the main source of finance was equity and retained earnings of this company: 0 – no; 9 – yes |
| LOANS | Since the outbreak of COVID-19, the main source of finance was loan (s) from commercial banks and non-banking financial institutions: 0 – no; 2 – yes |
| GOVSUPPORT | Since the outbreak of COVID-19, national or local government support to a firm: 0 – no support; 1 – no support but expected within 3 months; 2 – received support |
| Country-specific factors (COUNTRY) | |
| ECONOMY | Classification of countries in line with the World Bank’s grouping of world's economies: 1 – low income; 2 – low middle income; 3 – upper middle income; 4 – high income |
| COVID19 | Number of cases in a country per million inhabitants |
| CORPGOV | Inclusion of a country is coded as 1, non-inclusion is coded as 0 (WCGI, 2019) |
| IMPACT | Impact on firms is reflected as follows: firms confirmed as being permanently closed (code 0); temporarily closed (code 1); open (code 2) during the COVID-19 outbreak |
| SALESEMPL | Change in monthly sales per employee during COVID-19 compared to the respective month of the previous year (%) |
| SECTOR | Sectors are grouped as follows: 1 – manufacturing; 2 – retail sector; 3 – other |
| SIZE | Number of employees – permanent full-time workers end of December 2019 |
| EXPORTERS | 1 – Exporter (10% or more of sales exported directly); 2 – non-exporter |
| DEMAND | Market demand under COVID-19 outbreak for this firm’s products and services: 0 – decreased; 1 – remain the same; 2 – increased |
| ADJUSTED | Indication whether a firm has adjusted or converted, partially, or fully, its production or the services in response to the COVID-19 outbreak: 0 – no; 1 – yes |
| BUFFER | The number of weeks that this firm will be able to remain open if its sales ceased as of today |
| EQUITY | Since the outbreak of COVID-19, the main source of finance was equity and retained earnings of this company: 0 – no; 9 – yes |
| LOANS | Since the outbreak of COVID-19, the main source of finance was loan (s) from commercial banks and non-banking financial institutions: 0 – no; 2 – yes |
| GOVSUPPORT | Since the outbreak of COVID-19, national or local government support to a firm: 0 – no support; 1 – no support but expected within 3 months; 2 – received support |
| ECONOMY | Classification of countries in line with the World Bank’s grouping of world's economies: 1 – low income; 2 – low middle income; 3 – upper middle income; 4 – high income |
| COVID19 | Number of cases in a country per million inhabitants |
| CORPGOV | Inclusion of a country is coded as 1, non-inclusion is coded as 0 (WCGI, 2019) |
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