Affect of Uncertainty Avoidance on Venture Capital Investing Activities in Asian Countries

This research aims to use country–level uncertainty avoidance degree to explain the variation of venture capital investing activities across different Asian countries. The analysis of venture capital activity done for 11 Asian countries in period from 2003 to 2012 shows that country-level uncertainty avoidance degree have a significant negative impact on venture capital activity. Specifically, countries with higher degree of uncertainty...