@article{Brown_R-2020_10549,
title = {Financing entrepreneurship in times of crisis: exploring the impact of Covid-19 on the market for entrepreneurial finance in the UK},
author = {Brown, R. and Rocha, A. and Cowling, M.},
month = {aug},
year = {2020},
abstract = {This commentary explores the manner in which the current COVID-19 crisis is affecting key sources of entrepreneurial finance in the United Kingdom. We posit that the unique relational nature of entrepreneurial finance may make it highly susceptible to such a shock owing to the need for face-to-face interaction between investors and entrepreneurs. The article explores this conjecture by scrutinising a real-time data source of equity investments. Our findings suggest that the volume of new equity transactions in the United Kingdom has declined markedly since the outbreak of the COVID-19 pandemic. It appears that seed finance is the main type of entrepreneurial finance most acutely affected by the crisis, which typically goes to the most nascent entrepreneurial start-ups facing the greatest obstacles obtaining finance. Policy makers can utilise these real-time data sources to help inform their strategic policy interventions to assist the firms most affected by crisis events.},
pages = {380-390},
volume = {38},
issue = {5},
journal = {International Small Business Journal},
publisher = {SAGE Publications},
url = {https://doi.org/10.1177/0266242620937464},
}
