We assess the effect of the COVID-19 pandemic on venture capital (VC) investments. Using a dataset of 39,527 funding rounds that occurred before and during the pandemic in 130 coun-tries, we document a significant decline in VC investments. In line with our theoretical consid-erations, we show...

The objective of this paper is to examine to what extent different venture capital firms contribute to the likelihood that the portfolio company in which they invested will realize a trade sale. We use arguments from learning theory to hypothesize the relationship between vicarious, experiential...

Using project data from a random sample of Phase II research awards from the National Institutes of Health SBIR program, we estimate the relative probability that woman-owned firms are able to attract private investments to fund the transition of the technology developed under the sponsorship of...