Table 1.
Variable names and definitions
| Dependent variables | |
|---|---|
| surived_Katrina | = 1 if business was open and currently operating with the same owner; reopened after Katrina but not currently operating; or closed by owner, sold, retired, or gifted; = 0 0 if business was closed by Katrina |
| success_Katrina | = 1 if the owner states that the pre-Katrina level of business success is higher than post-Katrina level of success (less successful after Katrina), survived |
| = 2 if the owner states the pre-Katrina level of business success is same as the post-Katrina level of success (same success before/after Katrina), recovered | |
| = 3 if the owner states that the pre-Katrina level of business success is lower than post-Katrina level of success (more successful after Katrina), resilient | |
| Independent Variables | |
| biz_cash_flow_pre_K | = 1 if business had cash flow problems frequently (every quarter, week, or month) prior to August of 2005 (pre-Katrina) |
| = 0 if business experienced cash flow problems infrequently (once or twice a year or never) prior to August of 2005 (pre-Katrina) | |
| biz_cash_flow_post_K | = 1 if business had cash flow problems frequently (every quarter, week, or month) after Katrina |
| = 0 if business experienced cash flow problems infrequently (once or twice a year or never) after Katrina | |
| use_fam_fund_biz | scale (range 0–3), one point for each of the following that was done before Katrina: (1) use household savings for business needs, (2) use a family asset such your home or car for business purposes, and (3) borrow from family members; = 0 if otherwise |
| major_damage_Katrina | = 1 if Katrina caused catastrophic damage to the business facility or if major repairs were needed before reopening |
| = 0 Katrina caused very little to no damage or some repair work was needed | |
| pre_corp_partnership | = 1 if the business is in a legal partnership or some form of corporation |
| = 0 if business is a sole proprietorship | |
| services | = 1 if the business is in a service industry |
| = 0 if business is not in a service industry | |
| married | = 1 if the owner is married |
| = 0 if the owner is single, never married, divorced, separated, or widowed | |
| female | = 1 if the owner is female |
| = 0 if the owner is male | |
| owner_experience | years of experience the owner has in his or her current industry (continuous) |
| business_age | age of business in years (continuous) |
| number_of_employees | number of employees working for the business, pre-Katrina (continuous) |
| home_based_biz | = 1 if the business was operating from the owner’s home (on residential property) at the time of Katrina; = 0 if not operate from the owner’s home |
| coastal (used as a cluster control for the regressions) | = 1 if the business is in a coastal county; = 0 if not in a coastal county |