An official website of the European Union How do you know?      
European Commission logo
JRC Publications Repository Menu

The reallocation effects of COVID-19: Evidence from Venture Capital investments around The World

cover
We examine the possible reallocation effects on venture capital (VC) investment due to the spread of COVID-19 around the globe. Exploiting the staggered nature of the pandemic, and transaction level data aggregated at country and sector level, we empirically document a shift of venture capital towards pandemic-related deals. A difference-in-differences analysis estimates significant increases in invested amounts, number of deals, and proportion of funded deals in such categories. We highlight heterogeneous effects related to the experience of VC investors, their organizational form, and country of origin. Our results underscore the link between the spread of the pandemic and the functioning of the VC market around the world.
2020-12-04
Publications Office of the European Union
JRC122165
978-92-76-27082-9 (online),   
1831-9424 (online),   
EUR 30494 EN,    OP KJ-NA-30494-EN-N (online),   
https://publications.jrc.ec.europa.eu/repository/handle/JRC122165,   
10.2760/985244 (online),   
Language Citation
NameCountryCityType
Datasets
IDTitlePublic URL
Dataset collections
IDAcronymTitlePublic URL
Scripts / source codes
DescriptionPublic URL
Additional supporting files
File nameDescriptionFile type 
Show metadata record  Copy citation url to clipboard  Download BibTeX
Items published in the JRC Publications Repository are protected by copyright, with all rights reserved, unless otherwise indicated. Additional information: https://ec.europa.eu/info/legal-notice_en#copyright-notice