Does economic policy uncertainty affect venture capital investments for OECD countries?

Erdoğan S., Kantarcı T., Yıldırım D. Ç.

VENTURE CAPITAL, vol.25, pp.1-21, 2023 (SSCI)

  • Publication Type: Article / Article
  • Volume: 25
  • Publication Date: 2023
  • Doi Number: 10.1080/13691066.2023.2270162
  • Journal Name: VENTURE CAPITAL
  • Journal Indexes: Social Sciences Citation Index (SSCI), Scopus, International Bibliography of Social Sciences, Business Source Elite, Business Source Premier, EconLit
  • Page Numbers: pp.1-21
  • Istanbul Gelisim University Affiliated: Yes


Economic policy uncertainty (EPU) has significant effects on the real economy. Therefore, this study aims to investigate the effects of economic policy uncertainty on venture capital, a special financing form. In this study, the effects of economic uncertainty on venture capital for 14 OECD countries are investigated between 2007 and 2020 years. The results show that the increase in economic uncer-tainty in the long term increases venture capital investments in developed countries. The contributions of the study are demon-strating how venture capital reacts to economic policy uncertainty and using up-to-date methods that allow soft transitions to study-ing long-term relations between series.