Cyclical comovements in energy-related venture capital investments

Bradley T. Ewing, Simon Medcalfe, Wennie Squires, Mark A. Thompson

Research output: Contribution to journalArticle

Abstract

This article examines the cyclical comovements of venture capital investments in the energy sector and key macroeconomic variables. In particular, we decompose the cyclical component of two venture capital investment series (clean technology and industrial/energy) and several macroeconomic factors including oil prices. A number of important cyclical relationships are documented such as increases in crude oil prices tend to signal future venture capital investment in both energy-related sectors and these investments tend to move concurrently with movements in the overall economy.

Original languageEnglish (US)
Pages (from-to)1065-1069
Number of pages5
JournalApplied Economics Letters
Volume24
Issue number15
DOIs
StatePublished - Sep 2 2017

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Comovement
Venture capital
Energy
Capital investment
Oil prices
Macroeconomic factors
Energy sector
Crude oil price
Macroeconomic variables
Clean technology

Keywords

  • Venture capital investments
  • clean technology
  • cycles
  • energy

ASJC Scopus subject areas

  • Economics and Econometrics

Cite this

Cyclical comovements in energy-related venture capital investments. / Ewing, Bradley T.; Medcalfe, Simon; Squires, Wennie; Thompson, Mark A.

In: Applied Economics Letters, Vol. 24, No. 15, 02.09.2017, p. 1065-1069.

Research output: Contribution to journalArticle

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