El efecto del coronavirus (COVID-19) sobre las empresas del Valle del Cauca

Jhon Mora Rodriguez (), José Santiago Arroyo () and Juan Fernando Álvarez ()

Revista Cuadernos de Economia, 2021, vol. 40, issue 85, 1013-1031

Abstract: La crisis sanitaria provocada por la propagación del coronavirus, causante del COVID-19, ha provocado el cierre de muchas empresas. Por ello, utilizando datos para las empresas vallecaucanas, este artículo analiza los determinantes de la sus- pensión de las actividades productivas a raíz del COVID-19. Mediante la estimación de un modelo probit y de supervivencia, nuestros resultados revelan la fragilidad de las empresas de menor tamaño y edad para hacer frente a shocks adversos e inespera- dos; mientas que los intangibles (ingresos represados) reducen significativamente la probabilidad de salida de la empresa, durante la fase inicial de la crisis. Finalmente, se sugiere la necesidad de diseñar mecanismos de atención priorizada para el finan- ciamiento de las empresas y auxilios focalizados. ****** The health crisis caused by the spread of the COVID-19 coronavirus has brought about the closure of many companies. This article analyses the determinants of the suspension of productive activities as a result of COVID-19 using data regarding companies in Valle del Cauca. By estimating a probit and a survival model, our results show the fragility of smaller companies with respect to size and age in fac- ing adverse and unexpected shocks; while intangibles (dammed income) signifi- cantly reduce the probability of company withdrawal during the initial phase of the crisis. Finally, the article exhorts that it is necessary to design priority attention mechanisms for the financing of companies and targeted aid.

Keywords: COVID-19; duración de empresas; cese de actividades. (search for similar items in EconPapers)
JEL-codes: C21 C41 D22 (search for similar items in EconPapers)
Date: 2021
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