Resource title

Driving Forces of Venture Capital Investments in Europe : A Dynamic Panel Data Analysis

Resource image

image for OpenScout resource :: Driving Forces of Venture Capital Investments in Europe : A Dynamic Panel Data Analysis

Resource description

Using dynamic panel estimations, this paper identifies driving forces of venture capital activity for Western European countries. Driving forces might be the liquidity of stock markets, human capital endowment, and labour market rigidities. The paper shows that these factors do not affect expansion stage investments used as a broader definition of venture capital, while they positively affect early stage investments used as a narrow definition. Thus, the results suggest not only that liquid stock markets play an important role for the development of venture capital markets but also that they are not the only factor that drives venture capital activity.

Resource author

Andrea Schertler

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/17695

Resource license

Adapt according to the presented license agreement and reference the original author.