The German Business Panel: Insights on Corporate Taxation and Accounting during the COVID-19 Pandemic

33 Pages Posted: 3 Feb 2021 Last revised: 30 Apr 2021

See all articles by Jannis Bischof

Jannis Bischof

University of Mannheim - Accounting and Taxation

Philipp Dörrenberg

University of Mannheim; IZA Institute of Labor Economics; CESifo (Center for Economic Studies and Ifo Institute); ZEW – Leibniz Centre for European Economic Research

Davud Rostam‐Afschar

University of Mannheim; University of Hohenheim

Dirk Simons

University of Mannheim - Accounting and Taxation

Johannes Voget

University of Mannheim - Accounting and Taxation

Date Written: February 1, 2021

Abstract

We introduce the German Business Panel (GBP), a novel large-scale survey of German firms. The GBP periodically surveys executives and key decision-makers in a representative sample of German firms, taking stock of their perceptions, views, and expectations. A particular focus of the survey is on the role of accounting and tax regulation for companies. We present findings from the first wave of the GBP which was in the field over the summer 2020 and addressed the consequences of the Covid-19 pandemic for companies in Germany. Relying on more than 10,000 complete responses, we disentangle how the economic impact of COVID-19 hits industries with varying intensity. We also document that state aid was insufficient for the hardest-hit firms. As a consequence, firms systematically took additional measures like cost-cutting or reducing cash outflows. The state interventions did not lead to managers expecting a substantial increase in future tax rates. We conclude by providing an outlook on how researchers can access and use the survey data for their own research questions.

Keywords: COVID-19, Crisis, Firm survey data, German Business Panel, Survey design

JEL Classification: C81, D22, D25, D80, D84, H00, H12, H32, H20, H24, H25, M40, R38

Suggested Citation

Bischof, Jannis and Dörrenberg, Philipp and Rostam-Afschar, Davud and Simons, Dirk and Voget, Johannes, The German Business Panel: Insights on Corporate Taxation and Accounting during the COVID-19 Pandemic (February 1, 2021). TRR 266 Accounting for Transparency Working Paper Series No. 46, Available at SSRN: https://ssrn.com/abstract=3777306 or http://dx.doi.org/10.2139/ssrn.3777306

Jannis Bischof

University of Mannheim - Accounting and Taxation ( email )

Mannheim, 68131
Germany

Philipp Dörrenberg (Contact Author)

University of Mannheim ( email )

L 7, 3-5
Mannheim, 68161
Germany

IZA Institute of Labor Economics ( email )

P.O. Box 7240
Bonn, D-53072
Germany

CESifo (Center for Economic Studies and Ifo Institute) ( email )

Munich
Germany

ZEW – Leibniz Centre for European Economic Research ( email )

P.O. Box 10 34 43
L 7,1
D-68034 Mannheim, 68034
Germany

Davud Rostam-Afschar

University of Mannheim

L 7, 3-5
Mannheim, 68161
Germany

University of Hohenheim ( email )

Schloss-Mittelhof (Ost)
70593 Stuttgart
Germany

HOME PAGE: http://rostam-afshar.de

Dirk Simons

University of Mannheim - Accounting and Taxation ( email )

Mannheim, 68131
Germany

Johannes Voget

University of Mannheim - Accounting and Taxation ( email )

Mannheim, 68131
Germany

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
92
Abstract Views
585
rank
332,966
PlumX Metrics