Effect of General Uncertainty on Venture-Capital Investments: A Cross-Country Study

Using panel data for 19 OECD countries covering the period 1986-1995, we find effect of general economic uncertainty on venture-capital investments to be significantly negative. The more irreversible late-stage venture-capital investments are much more adversely affected by such uncertainty than earlystage investments.

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Year of publication:	2004
Authors:	Goel, Rajeev K. ; HASAN, IFTEKHAR ; Ram, Rati
Published in:	Economia Internazionale / International Economics. - Camera di Commercio di Genova. - Vol. 57.2004, 3, p. 305-313
Publisher:	Camera di Commercio di Genova
Subject:	Venture-capital \| Investment irreversibility \| Uncertainty

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Type of publication:	Article
Classification:	E20 - Consumption, Saving, Production, Employment, and Investment. General ; G10 - General Financial Markets. General ; O50 - Economywide Country Studies. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008490665