The Economic Significance of Business Angels - Towards Comparable Indicators

Sofia Avdeitchikova () and Hans Landström
Additional contact information
Sofia Avdeitchikova: The Ratio institute, Postal: The Ratio Institute, P.O. Box 5095, SE-102 42 Stockholm, Sweden
Hans Landström: Lund University, Postal: Lund universty

No 248, Ratio Working Papers from The Ratio Institute

Abstract: Due to their importance for fostering high-growth entrepreneurship, business angels have over the last decades attracted considerable interest among policy-makers around the world. However, most of the policy initiatives to support business angel investing have been made without any strong empirical basis to guide them. Thus, the research results so far have done little to inform policy-makers regarding – what is the state of business angel market and what (if any) policy action is required? In this paper, we take one step in the direction of “making sense” of the existing evidence. We make a differentiation between the scope of the business angel investing and the significance of business angel investing and relate the recent empirical estimates of the business angel activity to the supply of venture finance on the one hand and the demand for venture finance on the other. In this respect, we move beyond talking about the scope of the business angel market and discuss the importance or potential impact of this source of finance for new and growing ventures.

Keywords: business angels; entrepreneurship policy; indicators; supply-side; demand-side. (search for similar items in EconPapers)
JEL-codes: G18 M13 M20 O16 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2014-12-31
New Economics Papers: this item is included in nep-ent, nep-ino and nep-sbm
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://ratio.se/app/uploads/2014/12/av_la_significance_business_angels_248.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://ratio.se/app/uploads/2014/12/av_la_significance_business_angels_248.pdf [308 Permanent Redirect]--> https://ratio.se/app/uploads/2014/12/av_la_significance_business_angels_248.pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hhs:ratioi:0248

Access Statistics for this paper

More papers in Ratio Working Papers from The Ratio Institute The Ratio Institute, P.O. Box 5095, SE-102 42 Stockholm, Sweden. Contact information at EDIRC.
Bibliographic data for series maintained by Martin Korpi ().