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Emerging Markets Finance and Trade Volume 57, 2021 - Issue 6: Research on Pandemics
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Research on Pandemics

Household-owned Businesses’ Vulnerability to the COVID-19 Pandemic

Pengpeng Yuea Department of Finance, Beijing Technology and Business University, Beijing, ChinaORCID Iconhttps://orcid.org/0000-0002-5210-4309View further author information
ORCID Icon,
Aslihan Gizem Korkmazb Barowsky School of Business, Dominican University of California, San Rafael, California, USACorrespondence[email protected]
ORCID Iconhttps://orcid.org/0000-0002-9151-0692View further author information
ORCID Icon,
Zhichao Yinc School of Finance, Capital University of Economics and Business, Beijing, ChinaView further author information
&
Haigang Zhoud Department of Finance, Cleveland State University, Cleveland, Ohio, USAORCID Iconhttps://orcid.org/0000-0002-8201-5032View further author information
ORCID Icon
Pages 1662-1674 | Published online: 07 May 2021
 
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ABSTRACT

Using a new survey conducted with Chinese households on the effects of the COVID-19 pandemic by the Survey and Research Center for China Household Finance, this study provides descriptive evidence on the impact of COVID-19 on household-owned businesses. We use ordinary least squares and ordered probit regression methods for our analyses. The results show that the pandemic has a negative impact on the gross income of household-owned businesses.

JEL:

Additional information

Funding

This work was supported by the Beijing Technology and Business University [PXM2020_014213_000017].

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