 Do business angels have an entrepreneurial orientation?Noel J Lindsay Venture Capital, 2004, vol. 6, issue 2-3, 197-210 Abstract: This research extends existing theory on the entrepreneurial orientation (EO) and the EO-performance relationship of entrepreneurial firms to business angels. Business angels are high net worth individuals who invest their own money in early stage, new entrant, high risk, unlisted entrepreneurial firms. Because of their investment focus, the environments they operate in tend to be dynamic and changing where there is a need for them to be structured organically to respond to uncertainty and change. Underpinning the research is the notion that business angels need to be consummate entrepreneurs to be successful in undertaking their investment activities. The research identified the EO construct as relevant for describing the decision making activities and processes of business angels. Business angels do demonstrate an EO. In addition, all three of the underlying EO dimensions (proactiveness, innovativeness and risk taking) were identified as being related to the profitability-growth performance scale used in this research. Date: 2004 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:taf:veecee:v:6:y:2004:i:2-3:p:197-210 Ordering information: This journal article can be ordered from DOI: 10.1080/13691060420001675983 Access Statistics for this article Venture Capital is currently edited by Colin Mason and Richard T. Harrison More articles in Venture Capital from Taylor & Francis Journals |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.