Table A3.
SMEs' Characteristics and their Responses to the COVID-19 Survey.
| Whether SME Responded to February Survey | |
|---|---|
| Sales | 0.003 |
| (0.004) | |
| Employment | −0.006 |
| (0.005) | |
| Age | −0.002 |
| (0.003) | |
| External Financing in 2018 | 0.059*** |
| (0.022) | |
| Number of Big Suppliers | 0.001 |
| (0.008) | |
| Number of Big Customers | 0.010 |
| (0.006) | |
| Engages in E-Commerce | −0.050* |
| (0.028) | |
| High-Skilled Workers Above Average | 0.034** |
| (0.016) | |
| Biggest Customer is Local | −0.015 |
| (0.020) | |
| Has Account Receivables | 0.026* |
| (0.015) | |
| Observations | 6653 |
| R-Squared | 0.023 |
Note: This table reports correlations between SMEs' characteristics and whether they responded to the first wave of the COVID-19 survey in February. Regression controls for industry and province fixed-effects. Robust standard errors are clustered at city level. *** p < 0.01, ** p < 0.05, * p < 0.1.