Finland: company insolvency risk due to COVID-19

According to surveys from March and May 2020, roughly 30 percent of the Finnish companies estimated that their business faces a significantly higher risk of insolvency because of the coronavirus (COVID-19) outbreak. The share of companies dealing with a possible insolvency risk first was 30 percent in March, decreasing to 23 percent by June. At the same time, nearly 77 percent of the respondents did not report an increased probability of insolvency as of June 2020.

Share of Finnish companies at higher risk of insolvency due to the COVID-19 outbreak from March to June 2020

Characteristic	March 16-17, 2020	May 18, 2020	June 23, 2020
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Release date

June 2020

More information

Region

Finland

Survey time period

March 16-17; May 18; June 23, 2020

Number of respondents

3,814; 3,392 and 2,403 respondents

Special properties

Member companies of the Finnish Chamber of Commerce

Method of interview

Online survey

Supplementary notes

This question was phrased by the source as follows: "Onko yrityksesi konkurssin riski noussut merkittävästi koronavirusepidemian takia?".

The figures have been taken from several publications.

The source adds the following information: "The respondent groups of the three survey rounds were similar with each other."

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