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Table 1 Summary statistics

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

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