Business angels are recognized as playing a key role in financing the start-up and early stages of new ventures. However, our knowledge of how business angels operate remains limited and highly fragmented. This Handbook provides a synthesis of research on business angels. It adopts an international perspective to reflect the spread of angel investing around the world. The increasing number of government initiatives to promote angel investing is also reflected in the book with an assessment of the most common support schemes.
Adopting an international focus, the expert group of contributors examine business angels themselves, the evolution of the market, the various stages of the investment process and the role of public policy in influencing angel investment. They each conclude their chapters with an agenda for future research on business angels.
Students and scholars of entrepreneurship, entrepreneurial finance and related subjects will find this book to be an invaluable resource for their work. In particular, they will benefit from the research agendas that conclude each chapter. This Handbook will also be of interest to policy-makers and other practitioners looking to enhance their understanding of the design and need for such interventions.
About the Author
Edited by Hans Landström, Professor, Sten K. Johnson Centre for Entrepreneurship, Lund University, Sweden and Colin Mason, Professor of Entrepreneurship, Adam Smith Business School, University of Glasgow, UK
Table of Contents
1. Business Angels as a research field
Hans Landström and Colin Mason
2. Researching Business Angels: Definitional and data challenges
3. The economic significance of Business Angels: Towards comparable indicators
Sofia Avdeitchikova and Hans Landström
4. Categorisations of Business Angels: An Overview
Roger Sørheim and Tiago Botelho
5. Women Business Angels: Theory and Practice
Frances M. Amatucci
6. Investment decision making by Business Angels
7. Business Angels as smart investors: A systematic review of the evidence
8. Angel-entrepreneur relationships: demytisfying their conflicts
9. Business Angels in China: Characteristics, policies and international comparison
Jiani Wang, Yi Tan and Manhong Liu
10. Business Angels in emerging economies: Southeast Asia
11. Business Angels in Sub-Saharan Africa
12. Business Angels in developing economies: The experience of Latin America
Gianni Romani and Miguel Atienza
13. The effectiveness of tax incentives for Business Angels
Cécile Carpentier and Jean-Marc Suret
14. Business Angel Networks: A review and assessment of their value to entrepreneurship
Tom Lahti and Henrik Keinonen
15. Crowdinvesting – Angel investing for the masses?
Lars Hornuf and Armin Schwienbacher