COVID-19 and the global venture capital landscape

Reference : COVID-19 and the global venture capital landscape


	Document type :	Scientific journals : Article
	Discipline(s) :	Business & economic sciences : Strategy & innovation
	Focus Areas :	Entrepreneurship and Innovation / Audit
	To cite this reference:	http://hdl.handle.net/10993/50170

Title :	COVID-19 and the global venture capital landscape
Language :	English
Author, co-author :	Bellavitis, Cristiano []
	Fisch, Christian []
	McNaughton, Rod []
Publication date :	2022
Journal title :	Small Business Economics
Publisher :	Springer
Volume :	59
Issue/season :	3
Pages :	781-805
Peer reviewed :	Yes
ISSN :	0921-898X
e-ISSN :	1573-0913
City :	New-York
Country :	NY
Keywords :	[en] COVID-19 ; pandemic ; crisis ; venture capital ; uncertainty
Abstract :	[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.
Permalink :	http://hdl.handle.net/10993/50170
DOI :	10.1007/s11187-021-00547-9

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Open access	(2021, SBE) Bellavitis et al. - COVID-19 and the global venture capital landscape.pdf		Publisher postprint	645.56 kB	View/Open

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