Table 1 Descriptive statistics
From: Firms’ participation in the Swiss COVID-19 loan programme
Groups | Firms | Mean | Std. dev. | Min | Max | |
|---|---|---|---|---|---|---|
Participation (yes/no) | – | 675,111 | 0.15 | 0.36 | 0.00 | 1.00 |
Lockdown index (sectors within cantons) | 469 | 674,423 | 0.30 | 0.17 | 0.00 | 0.97 |
Home office index (sectors within cantons) | 469 | 674,423 | 0.51 | 0.27 | 0.00 | 1.00 |
Short-time work (sectors within cantons) | 1118 | 671,713 | 0.20 | 0.15 | 0.00 | 3.50 |
Retail payments (sectors within cantons) | 540 | 344,859 | − 0.42 | 0.67 | − 1.00 | 4.22 |
Virus cases (in canton) | 26 | 675,111 | 0.40 | 0.28 | 0.11 | 1.07 |
Fatality cases (in canton) | 26 | 675,111 | 21.01 | 22.08 | 0.00 | 88.90 |
Cash ratio, mean (headcount groups within sectors) | 45 | 234,067 | 0.28 | 0.08 | 0.11 | 0.41 |
Liquidity ratio, mean (sectors) | 63 | 530,351 | 1.29 | 0.35 | 0.19 | 2.57 |
Liquidity ratio, mean (sectors within cantons) | 560 | 471,257 | 2.70 | 1.51 | 0.72 | 51.08 |
Liquidity ratio, median (sectors within cantons) | 560 | 471,257 | 1.66 | 0.54 | 0.51 | 5.43 |
External financing (headcount groups within sectors) | 18 | 214,489 | 0.39 | 0.11 | 0.28 | 0.67 |
Debt ratio, mean (sectors) | 44 | 483,976 | 0.66 | 0.14 | 0.29 | 1.04 |
Debt ratio, mean (headcount groups within sectors) | 54 | 230,420 | 0.41 | 0.17 | 0.21 | 0.87 |
Debt ratio, mean (sectors within cantons) | 561 | 471,728 | 0.72 | 0.26 | 0.35 | 6.73 |
Debt ratio, median (sectors within cantons) | 561 | 471,728 | 0.68 | 0.10 | 0.31 | 0.97 |
Profit margin, mean (headcount groups within sectors) | 40 | 218,682 | 0.09 | 0.06 | 0.02 | 0.32 |
Profit to int. ratio, mean (headcount groups within sectors) | 31 | 160,133 | 0.36 | 0.31 | 0.07 | 1.71 |