Reference : COVID-19 and the global venture capital landscape
Scientific journals : Article
Business & economic sciences : Strategy & innovation
Entrepreneurship and Innovation / Audit
http://hdl.handle.net/10993/50170
COVID-19 and the global venture capital landscape
English
Bellavitis, Cristiano []
Fisch, Christian mailto []
McNaughton, Rod []
In press
Small Business Economics
Springer
Yes
0921-898X
1573-0913
New-York
NY
[en] COVID-19 ; pandemic ; crisis ; venture capital ; uncertainty
[en] We assess the effect of the COVID-19 pandemic on venture capital (VC) investments, documenting a significant decline in investments using a dataset of 39,527 funding rounds occurring before and during the pandemic in 130 countries. In line with our theoretical considerations, we show that this decline is more pronounced for investments characterized by higher uncertainty, namely investments in seed-stage ventures, industries affected more heavily by the COVID-19 crisis, international investments, and non-syndicated investments. Investor prominence partially moderates these effects.
http://hdl.handle.net/10993/50170
10.1007/s11187-021-00547-9

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