We develop econometric models for the annual flows of money into and out of venture capital funds in the USA. We examine the interconnectedness of the following factors believed to affect the flows: limited partners’ annual internal rate of return, the emergence of new industries, government policies, and public stock markets.
Bygrave, William; Lange, Julian; and Marram, Edward
"DETERMINANTS OF THE FLOWS OF VENTURE CAPITAL IN THE USA (SUMMARY),"
Frontiers of Entrepreneurship Research: Vol. 35
, Article 10.
Available at: http://digitalknowledge.babson.edu/fer/vol35/iss1/10