Governmental Revenue Compensation during COVID-19: Did Firm Resources and Institutional Factors Explain Who Received It?
During COVID-19, the Norwegian Government provided compensation to amend firms’ decreased revenues, yet it should be neutral and tailored to losses only. However, firm resources or institutional factors may have influenced the compensation, which we study here. Survey data showed a high probability of compensation among large firms, although they were not hit particularly hard by COVID-19. Also, compensation was prevalent for firms in the hospitality, tourism, and culture industry, and a likely explanation is that they were hit hard. However, their probability of compensation was prevalent compared to firms in other industries, regardless of revenue losses. We assume that large firms’ compensation was due to their resources to apply for funding successfully, while institutional factors explained the compensation for firms in the hospitality, tourism, and culture industry.
Authors
- Jarle Aarstad (ORCID: https://orcid.org/0000-0002-6650-6667)
- Arnt Fløysand (ORCID: https://orcid.org/0009-0009-8910-8600)
- Stig‐Erik Jakobsen (ORCID: https://orcid.org/0000-0002-1692-6970)
- Olav Andreas Kvitastein
Institutions
- Western Norway University of Applied Sciences (NO)
Publication Details
- Journal
- Tourism and Hospitality
- Published
- 2024-08-29
- DOI
- https://doi.org/10.3390/tourhosp5030046
- Citations
- 1
- Primary Topic
- COVID-19 Pandemic Impacts
- Type
- article
- Field-Weighted Citation Impact
- 1.13
Funders
- Norges Forskningsråd