IDEAS home Printed from https://ideas.repec.org/p/aer/wpaper/a1bc9a49-7cfd-4921-a0c3-838e34494fe9.html
   My bibliography  Save this paper

Determinants of Venture Capital in Africa: Cross Section Evidence

Author

Listed:
  • Adongo, Jonathan

Abstract

This paper identifies the determinants of venture capital activity using a cross-sectional data set covering 36 African countries in a semi-logarithmic model. It finds that rule of law, R&D expenditure as a percentage of GDP and better information between investors and potential investees are positively and significantly related to venture capital activity in Africa. It also finds that capital gains tax rates are negatively and significantly related to venture capital activity on the continent.

Suggested Citation

  • Adongo, Jonathan, 2011. "Determinants of Venture Capital in Africa: Cross Section Evidence," Working Papers a1bc9a49-7cfd-4921-a0c3-8, African Economic Research Consortium.
    • Handle: RePEc:aer:wpaper:a1bc9a49-7cfd-4921-a0c3-838e34494fe9
    Note: African Economic Research Consortium
    as

    Download full text from publisher

    File URL: https://publication.aercafricalibrary.org/123456789/201
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aer:wpaper:a1bc9a49-7cfd-4921-a0c3-838e34494fe9. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Daniel Njiru (email available below). General contact details of provider: https://edirc.repec.org/data/aerccke.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.