Table 4.

Product innovation and adaptability.

	(1)	(2)	(3)	(4)	(5)
	Pivoting	Covidps	Online	Delivery	Remote
Product	0.180***	0.360***	0.250***	0.162***	0.159***
	(0.0420)	(0.0727)	(0.0417)	(0.0372)	(0.0394)
Medium	0.044	0.147*	0.103**	0.084*	0.278***
	(0.0466)	(0.0863)	(0.0496)	(0.0455)	(0.0460)
Large	0.093*	0.169*	0.081	0.056	0.574***
	(0.0483)	(0.1011)	(0.0570)	(0.0553)	(0.0590)
Training	0.178***	0.140*	0.018	0.039	0.166***
	(0.0354)	(0.0847)	(0.0355)	(0.0379)	(0.0364)
Productivity	−0.055***	0.005	0.017	−0.024	0.075***
	(0.0148)	(0.0249)	(0.0132)	(0.0156)	(0.0180)
Access Fin.	0.033	−0.000	−0.014	0.001	0.005
	(0.0208)	(0.0221)	(0.0163)	(0.0174)	(0.0140)
Quality	−0.099**	0.030	−0.051	−0.043	0.106**
	(0.0410)	(0.0915)	(0.0456)	(0.0555)	(0.0414)
Age	−0.082***	−0.125***	−0.042	−0.054***	0.013
	(0.0270)	(0.0401)	(0.0257)	(0.0208)	(0.0280)
Experience	0.006	0.025	−0.054*	−0.033	−0.084***
	(0.0252)	(0.0458)	(0.0308)	(0.0306)	(0.0277)
Website	0.057	0.059	0.338***	0.180***	0.149***
	(0.0363)	(0.0774)	(0.0412)	(0.0347)	(0.0414)
Foreign	−0.051	−0.001	0.013	−0.021	0.279***
	(0.0454)	(0.0914)	(0.0539)	(0.0780)	(0.0484)
Exporter	0.040	−0.016	−0.063	−0.181***	0.126***
	(0.0388)	(0.0644)	(0.0440)	(0.0493)	(0.0453)
Female Mang.	0.050	0.094*	0.002	0.084**	−0.027
	(0.0368)	(0.0563)	(0.0369)	(0.0394)	(0.0412)
Capital City	0.139*	0.199*	0.289***	0.117	0.188**
	(0.0737)	(0.1191)	(0.1059)	(0.0935)	(0.0899)
Stringency Index	0.008**	−0.000	−0.005	0.011***	−0.005
	(0.0034)	(0.0087)	(0.0045)	(0.0028)	(0.0039)
Industry F.E.	Yes	Yes	Yes	Yes	Yes
Region F.E.	Yes	Yes	Yes	Yes	Yes
_cons	0.085	−1.251**	−1.018***	−1.452***	−1.400***
	(0.3289)	(0.5534)	(0.3627)	(0.2855)	(0.2697)
Observations	9,029	3,104	8,685	9,045	9,020
R2/Pseudo R2	0.1217	0.0894	0.1239	0.1245	0.1372

^***Significant at 1%;

^**significant at 5%;

^*significant at 10%.

Clustered standard errors in parentheses, errors are clustered at the regions level.