The COVID-19 shock hit firms hard, on average, but how did it hit in the distribution of firms, differently between the high-growth superstars and the firms that were already struggling to survive? This paper implements graphical techniques and quantile regression to analyse the effect of the...

We analyse how the COVID-19 crisis impacted firms' employment levels and digitalisation efforts differently depending on their pre-crisis productivity, digitalisation and growth performance. We match the EIB Investment Survey with firm-level financial statements from the ORBIS database for 27 EU...

This paper contributes to a fast-growing literature on the impact of COVID-19 on the business economy, by focusing on how a particular group of firms - High-Growth Enterprises (HGEs) have been affected by COVID-19 across several dimensions, such as investment expectations, investment priorities,...

We use the European Investment Bank Investment Survey (EIBIS) data to analyse the impact of the COVID-19 crisis on firm-level investment in tangible and intangible assets. We find considerable heterogeneity regarding the extent of the reduction of investment in different asset groups – with...

We use the European Investment Bank Investment Survey (EIBIS) data to analyse the impact of the COVID-19 crisis on firm-level investment in tangible and intangible assets. We find considerable heterogeneity regarding the extent of the reduction of investment in different asset groups - with R&D...

Due to the phenomenon of revision, published macroeconomic data can never be regarded as final, because they are subject to continuous change, although the size of the change decreases over time. Our methodology is able to give an estimate of expected future routine revisions, based on the time...

This paper investigates corporate fixed investment in Hungary between 2001 and 2014 using firm-level data. We analyse the composition, heterogeneity and the drivers of corporate investment. Investments in Hungary are highly concentrated and dominated by large and foreign-owned companies. The...