Bellavitis, Cristiano; Fisch, Christian; Vismara, Silvio - 2021
We assess the impact of negative central bank interest rates on venture capital (VC) markets. Using data from 32 … countries from 2004 to 2019, we find that interest rates have a significant effect on the functioning of VC markets. Higher … interest rates are associated with higher demand for venture capital by entrepreneurs and higher fundraising activity of VC …