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

Economia Internazionale / International Economics, vol. 57, no. 3, pp. 305-313

Posted: 6 Apr 2016

See all articles by Rajeev K. Goel

Rajeev K. Goel

Illinois State University - Department of Economics

Iftekhar Hasan

Fordham University - Gabelli School of Business; Bank of Finland

Rati Ram

Illinois State University - Department of Economics

Date Written: 2004

Abstract

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.

Suggested Citation

Goel, Rajeev K. and Hasan, Iftekhar and Ram, Rati, Effect of General Uncertainty on Venture-Capital Investments: A Cross-Country Study (2004). Economia Internazionale / International Economics, vol. 57, no. 3, pp. 305-313. Available at SSRN: https://ssrn.com/abstract=2758964

Rajeev K. Goel (Contact Author)

Illinois State University - Department of Economics ( email )

Normal, IL 61790-4200
United States

Iftekhar Hasan

Fordham University - Gabelli School of Business ( email )

Rose Hill Campus Bronx
New York, NY 10458
United States

Bank of Finland ( email )

P.O. Box 160
Helsinki 00101
Finland

Rati Ram

Illinois State University - Department of Economics ( email )

Normal, IL 61790-4200
United States
309-438-7101 (Phone)
309-438-5228 (Fax)

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