Characteristics of businesses that closed during the COVID-19 pandemic in 2020

Articles and reports: 36-28-0001202100300003

Description: This article compares the characteristics of employer businesses that were closed by September 2020 and remained closed as of November 2020 to those that were active before the onset of the pandemic in February 2020. Characteristics related to the risk of closure are examined: businesses size, age, indebtedness, liquidity and profitability. Based on these characteristics, the risk of closure is estimated for each business.
Issue Number: 2021003
Author(s): Leung, Danny
FormatRelease dateMore information
HTMLMarch 24, 2021
PDFMarch 24, 2021