COVID-19和全球风险投资格局
Cristiano Bellavitis1, Christian Fisch2,3, Rod B McNaughton4
1Whitman School of Management, Syracuse University, 721 University Ave., Syracuse, NY 13244 USA.
概括
在全球范围内,COVID-19大流行大大减少了风险资本 (VC) 投资. 这种下降对高不确定性投资最为严重,包括早期风险投资和国际融资轮.
科学领域:
- 经济学 经济学 经济学
- 金融 金融 金融 金融 金融
- 工商管理 工商管理
背景情况:
- 随着COVID-19的爆发,全球经济出现了前所未有的混乱.
- 风险资本 (VC) 融资对于创业创新和增长至关重要.
- 了解大流行对风险投资的影响对于经济复苏和未来的投资策略至关重要.
研究的目的:
- 量化COVID-19大流行对全球风险资本投资的影响.
- 确定加剧下降的特定投资特征.
- 探索在危机期间影响投资趋势的缓和因素.
主要方法:
- 对包含39,527轮风险资本融资的大数据集的分析.
- 在COVID-19大流行之前和期间对投资数据的比较分析.
- 检查了130个国家的投资轮次,按阶段,行业,联合和国际范围划分.
主要成果:
- 在疫情期间,风险资本投资的总体下降显著.
- 投资于种子阶段的企业,受严重影响的行业,国际轮融资和非联合交易的投资下降得更为明显.
- 发现,投资者的知名度部分减轻了对投资水平的负面影响.
结论:
- COVID-19 疫情对全球风险资本投资活动产生了重大负面影响.
- 不确定性加剧了经济衰退,特别是影响了早期阶段和风险较高的投资配置文件.
- 战略投资者的参与可能会提供一些抵御疫情引发的投资冲击的弹性.
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