Abstract Since the 1980s–90s, Venture capital has grown to be widely considered as an effective source of funding for creative operations besides playing a pivotal role in the development of economies. Focusing primarily on sixteen Emerging economies of Asia-Pacific, the research sheds light on the determinants of venture capital, over the period 2006–2021, coinciding with the peak of venture capital activity in this region. By employing Panel regression analysis, incorporating fixed and random effects, and complementing the findings with Pairwise Granger Causality tests, this scholarly work offers a comprehensive understanding of the distributional and operational characteristics of the Asia-Pacific venture capital market. Moreover, it provides valuable insights for entrepreneurs and policymakers on how to efficiently foster venture capital activities in emergent economies.

An Investigation into the Determinants of Venture Capital Investment: Evidence from Emerging Economies of Asia Pacific

Venture Capital Ecosystem for Fintechs in Africa

This paper investigates the determinants of venture capital investments across 25 African countries over the period 2014-2019. In particular, it considers the significance of innovation and digitalization in Africa’s venture capital activity. The results show that digital infrastructure, high-technology exports, internet coverage, market size, minority investor protection, and government effectiveness are the main drivers of venture capital deals in Africa over the period examined. More generally, these findings highlight that an important a favorable environment venture capital This paper is the product of the Vice-Presidency for Economic Governance and Knowledge Management. It is part of a larger effort by the African Development Bank to promote knowledge and learning, share ideas, provide open access to its research, and make a contribution to development policy. The papers featured in the Working Paper Series (WPS) are considered to have a bearing on the mission of AfDB, its strategic objectives of Inclusive and Green Growth, and its High-5 priority areas: Power Africa, Feed Africa, Industrialize Africa, Integrate Africa, and Improve Living Conditions of Africans. The authors may be contacted at workingpaper@afdb.org. The text and data this publication Reproduction commercial The WPS findings work in progress, preliminary research results, and development experience and the of and innovative thinking among researchers, development practitioners, policy makers, and donors. The findings, interpretations, and conclusions expressed in the Bank’s WPS entirely those of the not view the African Development Bank Group, Board of Directors, or the countries represent.

“Catch me if you can” on drivers of venture capital investment in Africa

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“Catch me if you can” on drivers of venture capital investment in Africa