Investors within a Business Angel (BA) group are embedded in a cohesive network of relationships that arises from past joint investments. In this paper, we have studied how the network position of a BA within this network affects the likelihood that a company will receive investments from the BA group. We have hypothesized a curvilinear, inverse U-shaped relationship between the centrality of the BA and the probability of a company being funded by the BA group. Moreover, we have explored how the experience of a BA and the geographical proximity between the BA and the company influence such a relationship.
Network dynamics in business angels groups’ investment decisions / Buttice’, Vincenzo; Croce, Annalisa; Ughetto, Elisa. - In: JOURNAL OF CORPORATE FINANCE. - ISSN 0929-1199. - 66(In corso di stampa).
|Titolo:||Network dynamics in business angels groups’ investment decisions|
|Data di pubblicazione:||Being printed|
|Digital Object Identifier (DOI):||http://dx.doi.org/10.1016/j.jcorpfin.2020.101812|
|Appare nelle tipologie:||1.1 Articolo in rivista|