Ning, Yixi; Wang, Wei; Yu, Bo - In: Small Business Economics 44 (2015) 2, pp. 315-344
We have examined the volatility and macroeconomic drivers of venture capital (VC) investments in the past 17 years from 1995 to 2011. We find that VC investments in the United States (US) by the total amount, by the number of deals, and by the average amount per deal are significantly affected...