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. - 66:101812(2021). [10.1016/j.jcorpfin.2020.101812]
Titolo: | Network dynamics in business angels groups’ investment decisions | |
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Data di pubblicazione: | 2021 | |
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Digital Object Identifier (DOI): | http://dx.doi.org/10.1016/j.jcorpfin.2020.101812 | |
Appare nelle tipologie: | 1.1 Articolo in rivista |
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1-s2.0-S092911992030256X-main.pdf | 2a Post-print versione editoriale / Version of Record | Non Pubblico - Accesso privato/ristretto | Administrator Richiedi una copia | |
JCF.pdf | 2. Post-print / Author's Accepted Manuscript | ![]() | Embargo: 08/12/2022 Richiedi una copia |
http://hdl.handle.net/11583/2855889