Financial Contracting Theory Meets the Real World: An Empirical Analysis of Venture Capital Contracts
This research examines how VCs reacted to the COVID-19 shock, showing an initial slowdown in new deals and a reallocation of effort toward portfolio triage and support.
Why is relevant?
Offers rare real-time evidence of VC behavior under extreme uncertainty, informing expectations for future systemic shocks.
Author
William R. Kerr, Ramana Nanda & Matthew Rhodes-Kropf
Publication date
January 1st, 2020
Difficulty
Expert
Keywords
- Crisis investing
- COVID-19
- VC behavior
- uncertainty
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