There are several potential reasons for the hard hit on smaller companies during the pandemic. One of the main reasons is the rapid shift to e-commerce, which favored larger companies with established online platforms. Smaller companies, particularly those in retail, may not have been able to adapt as quickly or effectively. Additionally, a significant portion of the stimulus capital that was injected into the U.S. market went towards innovative firms, which may have left smaller, less innovative companies at a disadvantage. Market consolidation around larger, more stable companies with solid balance sheets, high-value assets, cheap debt, and low fixed costs also likely played a role.
What will the world of business look like after the coronavirus pandemic? The pandemic will accelera...
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