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) | |
---|---|---|---|---|
Lockdown index (sectors within cantons) | 2.20*** | 2.42*** | 1.73*** | 1.29*** |
Virus cases (in canton) | 0.22 | 0.49*** | 0.75*** | 0.89*** |
Liquidity ratio, mean (sectors within cantons) | − 0.16*** | − 0.14*** | − 0.14*** | − 0.07** |
Debt ratio, mean (sectors within cantons) | − 0.30 | − 0.40** | − 0.33 | − 0.04 |
Constant | Yes | Yes | Yes | Yes |
Headcount dummies | Yes | Yes | Yes | Yes |
Age dummies | Yes | Yes | Yes | Yes |
Observations | 12023 | 128230 | 130435 | 200517 |
Log-likelihood | − 5087.42 | − 56872.18 | − 53028.92 | − 96746.35 |
Sample | Age <1 | Age [1,5) | Age [5,10) | Age 10+ |