New publications on managers' expectations during the Corona pandemic.
s of COVID-19?", published in German Economic Review ), Lukas Buchheim and co-authors show that managers of German firms did not anticipate the severe restrictions of the Corona pandemic on their business [...] strongly driven by local developments. In another paper, Lukas Buchheim and coauthors show that managers' gut feelings (“sentiment”) about the expected length of COVID-19 induced shutdowns had a crucial [...] behavior during the COVID-19 pandemic," Journal of Economic Behavior and Organization ): Firms with managers who expected restrictions of more than four months at the onset of the pandemic were more likely …
