COVID-19 Impact on Business

Author

Meredith Headlee, University of Arkansas, FayettevilleFollow

Date of Graduation

5-2021

Document Type

Thesis

Degree Name

Bachelor of Science in Business Administration

Degree Level

Undergraduate

Department

Finance

Advisor/Mentor

Jonathan Lezon

Abstract

COVID-19 has not only been a major public health crisis, but it has also caused an economic shock. Small businesses have been at the losing end of the U.S. economy for years, but nothing has hurt them as bad as the COVID-19 crisis. The pandemic has devastated thousands of small businesses while larger companies have fared well and, in some cases, thrived. Although there has been an increase in bankruptcy filings among public companies, the numbers are far lower than in the 2008 financial crisis (Lahart). This paper will explore what impact the pandemic has had on small businesses, large businesses, and different industries within those in the Northwest Arkansas area.

Keywords

COVID-19; economic shock; small business; negative effect; social distancing; consumer habits

Citation

Headlee, M. (2021). COVID-19 Impact on Business. Finance Undergraduate Honors Theses Retrieved from https://scholarworks.uark.edu/finnuht/57