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What determines the level of informal venture finance invest
We undertake the first research to move analysis beyond estimating the propensity for a person to become an informal investor and onto the core concern which is the total volume of venture finance. We find that a 1 % increase in entrepreneurial activity increases the number of informal investors by...
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| Format: | Article |
| Language: | English |
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2014
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| LEADER | 01377nab a22002057a 4500 | ||
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| 008 | 160615b2014 xxu||||| |||| 00| 0 eng d | ||
| 100 | |a Burke, Andrew | ||
| 245 | |a What determines the level of informal venture finance invest |c Market clearing forces and gender effects / Burke, Andrew. | ||
| 260 | |c 2014 | ||
| 300 | |a 467-484 | ||
| 520 | |a We undertake the first research to move analysis beyond estimating the propensity for a person to become an informal investor and onto the core concern which is the total volume of venture finance. We find that a 1 % increase in entrepreneurial activity increases the number of informal investors by 1.7 %. However, the average invested amount declines by 0.8 %, leading to a net positive total increase of about 0.9 %. This result indicates that, to a considerable extent, demand for informal investment creates its own supply. As a result, the research finds that market forces help solve finance constraints for new ventures and hence lessen the need for public policy intervention. This effect is stronger for males than females. | ||
| 650 | |a Global Entrepreneurship Monitor | ||
| 650 | |a Gender | ||
| 650 | |a Female Business Angels | ||
| 650 | |a Women Entrepreneurship | ||
| 650 | |a Female Entrepreneurship | ||
| 650 | |a Venture Finance | ||
| 650 | |a Informal Investment | ||
| 773 | |a Small Business Economics |d March | ||
| 999 | |c 41595 |d 41595 | ||