Goel, Rajeev K.; HASAN, IFTEKHAR; Ram, Rati - In: Economia Internazionale / International Economics 57 (2004) 3, pp. 305-313
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...