High-Growth Enterprises in times of COVID-19: an overview

Alex Coad (), Sofia Amaral-Garcia (), Peter Bauer, Clemens Domnick, Peter Harasztosi, Rozalia Pal and Mercedes Teruel
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Sofia Amaral-Garcia: European Commission - JRC, https://joint-research-centre.ec.europa.eu/index_en

No 2022-01, JRC Working Papers on Corporate R&D and Innovation from Joint Research Centre

Abstract: This paper contributes to a fast-growing literature on the impact of COVID-19 on the business economy, by focusing on how a particular group of firms - High-Growth Enterprises (HGEs) have been affected by COVID-19 across several dimensions, such as investment expectations, investment priorities, employment decisions, and their post-COVID-19 green and digital transitions. Using the EIB Investment Survey (EIBIS) and relying on descriptive statistics and basic regressions, the results suggest that COVID-19 has had a significant impact on the investment expectations of HGEs, although they continue to invest slightly more than non-HGEs. Preliminary results suggest that HGEs appear to be more optimistic than non-HGEs in a variety of dimensions, such as optimism surrounding the use of digital technologies, and willingness to invest in climate mitigation and adaptation. However, our evidence shows that the HGEs in the 2020 survey wave have still been hit hard by the COVID-19 shock, compared to HGEs in previous years, which suggests that there may be a role for policy for supporting these valuable firms.

Keywords: High-Growth Enterprises; COVID-19: investment expectations; green and digital transitions (search for similar items in EconPapers)
Date: 2022-05
New Economics Papers: this item is included in nep-cse and nep-sbm
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Persistent link: https://EconPapers.repec.org/RePEc:ipt:wpaper:202201

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