Support Policies for Small Businesses During the Covid-19 Crisis: Evidence from Club Convergence Clustering Approach

Chi Keung Lau; Dongna Zhang; Giray Gozgor

doi:10.1080/1540496X.2023.2228466

Support Policies for Small Businesses During the Covid-19 Crisis: Evidence from Club Convergence Clustering Approach

Chi Keung Lau, Dongna Zhang, Giray Gozgor^*

^*Corresponding author for this work

Accounting and Financial Management

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Abstract

This paper examines the small business net revenue club convergence clustering dynamics in 51 states in the United States during the first wave of the Covid-19 pandemic. Our analysis is based on the daily data from January 10, 2020, to June 8, 2020. The results indicate that there was only one club convergence for all states during the first wave of the Covid-19 pandemic. This evidence implies that the support policies enacted during the Covid-19 crisis for small and medium-sized enterprises were effective.

Original language	English
Pages (from-to)	1-16
Number of pages	16
Journal	Emerging Markets Finance and Trade
Early online date	5 Jul 2023
DOIs	https://doi.org/10.1080/1540496X.2023.2228466
Publication status	E-pub ahead of print - 5 Jul 2023

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10.1080/1540496X.2023.2228466Licence: CC BY-NC-ND

Support Policies for Small Businesses During the Covid 19 Crisis Evidence from Club Convergence Clustering ApproachFinal published version, 2.8 MBLicence: CC BY-NC-ND

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abstract = "This paper examines the small business net revenue club convergence clustering dynamics in 51 states in the United States during the first wave of the Covid-19 pandemic. Our analysis is based on the daily data from January 10, 2020, to June 8, 2020. The results indicate that there was only one club convergence for all states during the first wave of the Covid-19 pandemic. This evidence implies that the support policies enacted during the Covid-19 crisis for small and medium-sized enterprises were effective.",

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Support Policies for Small Businesses During the Covid-19 Crisis: Evidence from Club Convergence Clustering Approach

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