ABSTRACT

Does the COVID-19 Pandemic Affect Women-Owned Firms Differently?   [open pdf - 0B]

From the Introduction: "Further to the unprecedented levels of health crisis, the COVID-19 [coronavirus disease 2019] pandemic has caused severe disruptions to allocation of resources and economic activities globally. A series of on-going studies including the World Bank's briefing series show that the pandemic has negatively affected many businesses but to a differing extent. Firms' exposure to the pandemic and the manner with which they respond is shaped by both external factors, such as the economy's stage of development, availability of bailout packages and national economic resilience, as well as internal factors, such as scale, exportorientation and sector of operation. Whereas there is no immediate parallel to the pandemic, as in any economic shock firms periodically face, entrepreneurial characteristics, such as sex, skills, experience and embeddedness in rich business network, are key pre-existing firm idiosyncrasies that potentially affect business' vulnerability and ability to absorb shocks of this nature. Women-operated businesses particularly face intersecting difficulties of scale and gendered challenges that may amplify their vulnerability to the pandemic--women are more likely to run informal, micro and small businesses in low-return sectors than men. A World Bank gender diagnostic, for example, finds that women managed businesses in Ethiopia have lower sales turnover, limited access to formal credit, and are less likely to use hired labor."

Report Number:
Report No. 4
Author:
Publisher:
Date:
2020-07-21
Series:
Copyright:
World Bank Group
Retrieved From:
World Bank Group: https://www.worldbank.org/
Media Type:
application/pdf
URL:
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