Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2023.2170904
Sustainable financial system and capital investment: a novel perspective of US economy
Queling Zeng
Rong Zhou
Li Zheng
Sažetak
Nonetheless, the risk factors such as economic risk, political risk, and
financial risk have their respective pros and cons in various economic
and financial investigations. Yet, the influence of these risk factors on
sustainable venture capital is hardly studied in the existing literature. In
this sense, the present research tends to investigate the influence of
these risks on sustainable venture capital while considering the role of
human capital in the US economy. This study uses novel time series
approaches using quarterly data from 2006Q1 to 2020Q4. The estimated
results validated each variable’s stationarity and cointegration
between the study variables. The asymmetric data distribution leads to
the employment of a novel method of moment quantile regression,
which illustrates the positive association between economic risk, political
risk, human capital, and sustainable venture capital. On the contrary,
financial risk is found adversely affecting the sustainable venture
capital in the country. The robustness of the model is examined by
employing the bootstrap quantile regression. This study suggests minimizing
economic, political, and financial risks and increasing investment
in human capital to encourage sustainable venture capital.
Ključne riječi
Venture capital; economic risk; political risk; financial risk; human capital; method of moment quantile regression
Hrčak ID:
306827
URI
Datum izdavanja:
30.4.2023.
Posjeta: 167 *