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Business angel contracts: the influence of context

Peter Kelly and Michael Hay

Venture Capital, 2003, vol. 5, issue 4, 287-312

Abstract: Relying on agency theory for guidance, a model is developed and empirically tested to examine the influence that various attributes of the contracting parties and of the deal itself can have on the form of the contract adopted between business angels and entrepreneurs. Findings are based on survey responses obtained from 106 UK-based business angels that had completed at least one investment to date.

Date: 2003
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Citations: View citations in EconPapers (22)

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DOI: 10.1080/1369106032000141940

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