From: Firms’ participation in the Swiss COVID-19 loan programme
(1) Part.(y/n) | (2) Part.(y/n) | (3) Part.(y/n) | (4) Part.(y/n) | |
---|---|---|---|---|
Cash ratio, mean (headcount groups within sectors) | − 0.22 | |||
Liquidity ratio, mean (sectors) | −0.84** | |||
Liquidity ratio, mean (sectors within cantons) | −0.11*** | |||
Liquidity ratio, median (sectors within cantons) | −0.15** | |||
Headcount dummies | Yes | Yes | Yes | Yes |
Age dummies | Yes | Yes | Yes | Yes |
Other demand determinants | Yes | Yes | Yes | Yes |
Constant | Yes | Yes | Yes | Yes |
Observations | 205695 | 467375 | 471211 | 471211 |
Log-likelihood | −117922.97 | −208789.85 | −212285.10 | −212821.58 |