Firm Bankruptcies and Start-Up Activity in Switzerland During the Corona Crisis
Open access
Datum
2021-11Typ
- Working Paper
ETH Bibliographie
yes
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Abstract
This paper examines the incidence of rm bankruptcies and start-ups in Switzerland based on unique register data. We propose to assess the frequency of bankruptcies over time using the concept of excess mortality. During the Corona crisis in 2020 and the rst half of 2021, bankruptcy rates were substantially lower and the number of new rm formations was substantially higher as compared to the pre-crisis period. This holds across most industries and regions. The Great Recession and the Swiss Franc Shock showed reverse patterns. Bankruptcies dropped more in industries and cantons, in which the share of rms who received a Covid-19 loan is comparatively high. The strong start-up activity is driven by industries where the pandemic induced structural adjustments. Mehr anzeigen
Persistenter Link
https://doi.org/10.3929/ethz-b-000516953Publikationsstatus
publishedZeitschrift / Serie
KOF Working PapersBand
Verlag
KOF Swiss Economic Institute, ETH ZurichThema
Firm Bankruptcies; Insolvencies; Excess Mortality; Firm formations; Start-ups; Switzerland; Corona crisis; Industry-level; Canton-levelOrganisationseinheit
02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute
06330 - KOF FB Konjunktur / KOF Macroeconomic forecasting
Zugehörige Publikationen und Daten
Is previous version of: https://doi.org/10.3929/ethz-b-000538001
ETH Bibliographie
yes
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