英文文献：Determinants of Venture Capital in Africa: Cross Section Evidence-非洲风险资本的决定因素:横截面证据
英文文献作者：Jonathan Adongo
英文文献摘要：
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.

本文利用半对数模型中涵盖36个非洲国家的横断面数据集，确定了风险资本活动的决定因素。研究发现，法治、研发支出占国内生产总值的百分比以及投资者和潜在投资者之间更好的信息与非洲的风险资本活动有显著正相关。研究还发现，资本利得税率与欧洲大陆的风险资本活动存在显著的负相关关系。