The impact of COVID-19 on small and medium-sized enterprises in Armenia: Evidence from a labor force survey
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2020-09-15Publisher
AECA (Asociación Española de Contabilidad y Administración de Empresas)Universidad Politécnica de Cartagena
Bibliographic Citation
Beglaryan, M., & Shakhmuradyan, G. (2020). The impact of COVID-19 on small and medium-sized enterprises in Armenia: Evidence from a labor force survey. Small Business International Review, 4(2), e298. https://doi.org/10.26784/sbir.v4i2.298Keywords
COVID-19 pandemicCrisis
SMEs
Employment
Industry
Occupation
Pandemia COVID-19
Crisis
PYMEs
Empleo
Industria
Ocupación
Localization
Abstract
[ENG] This paper assesses the impact of COVID-19 pandemic on small and medium-sized enterprises in Armenia. The analysis of representative nationwide survey data reveals that as compared with large-company employees, SME employees are more affected by the crisis, having been laid off or having reduced work hours and pay. Logistic regression results show that being employed by an SME doubles the likelihood of layoff and pay reduction. There is also support for the hypotheses that employees in sectors which allow for remote work, e.g., education and information and communication services, as well as those who have medium to high professional qualifications, have been less affected by the crisis. The findings call for more targeted government assistance to SMEs and low-skilled workers. [SPA] Este documento evalúa el impacto de la pandemia de la COVID-19 en las pequeñas y medianas empresas de Armenia. El análisis de datos representativos de una encuesta a nivel nacional revela que, en ...
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