COVID-19 financial support to small businesses in Switzerland: evaluation and outlook

Swiss Journal of Economics and Statistics

Table 1 Summary statistics

Variables	Obs	Mean	Std. Dev.	Min.	Max.
Dependent variables
Short-time work: used	1011	0.389	0.488	0	1
Short-time work: important	890	0.306	0.461	0	1
Income replacement: used	1011	0.411	0.492	0	1
Income replacement: important	892	0.333	0.472	0	1
Corona loans: used	1011	0.291	0.454	0	1
Corona loans: important	875	0.181	0.385	0	1
Lockdown variables
Closed de jure	1011	0.405	0.491	0	1
Closed de facto	1011	0.256	0.437	0	1
Expected share of April turnover lost	935	− 0.436	0.459	− 1	1
Physical closeness important: workers	1011	0.428	0.495	0	1
Physical closeness important: clients	1011	0.641	0.480	0	1
Economic variables
Employment
1 FTE	1011	0.456	0.498	0	1
2–9 FTE	1011	0.396	0.489	0	1
> 10 FTE	1011	0.148	0.356	0	1
Debt ratio 2019
0	904	0.676	0.468	0	1
0.01–0.25	904	0.140	0.348	0	1
0.26–1	904	0.079	0.270	0	1
Profit ratio 2019
< 0	987	0.023	0.149	0	1
0–0.25	987	0.721	0.449	0	1
> 0.25	987	0.232	0.423	0	1
Owner private wealth 2019
< 50k CHF	832	0.246	0.431	0	1
50k–500k	832	0.388	0.487	0	1
> 500k CHF	832	0.189	0.392	0	1
Labour cost share 2019
< 0.33	935	0.465	0.499	0	1
0.33–0.66	935	0.257	0.437	0	1
0.66–1	935	0.203	0.402	0	1
Behavioural variables
German-speaking Switzerland	1011	0.630	0.483	0	1
French-speaking Switzerland	1011	0.261	0.439	0	1
Italian-speaking Switzerland	1011	0.109	0.312	0	1
Age
< 45	989	0.138	0.345	0	1
45 ≤ age ≤ 65	989	0.694	0.461	0	1
> 65	989	0.169	0.375	0	1
Education
Compulsory school only	1006	0.017	0.129	0	1
Vocational qualifications	1006	0.322	0.468	0	1
Academic qualifications	1006	0.656	0.475	0	1
Female	1011	0.411	0.492	0	1
Swiss national	1011	0.812	0.391	0	1