| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w21808 |
| 来源ID | Working Paper 21808 |
| The Globalization of Angel Investments: Evidence across Countries | |
| Josh Lerner; Antoinette Schoar; Stanislav Sokolinski; Karen Wilson | |
| 发表日期 | 2015-12-14 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | This paper examines investments made by 13 angel groups across 21 countries. We compare applicants just above and below the funding cutoff and find that these angel investors have a positive impact on the growth, performance, and survival of firms as well as their follow-on fundraising. The positive impact of angel financing is independent of the level of venture activity and entrepreneur-friendliness in the country. However, we find that the development stage and maturity of startups that apply for angel funding (and those that are ultimately funded) is inversely correlated with the entrepreneurship-friendliness of the country, which may reflect self-censoring by very early-stage firms that do not expect to receive funding in these environments. |
| 主题 | Financial Economics ; Financial Institutions ; Development and Growth ; Innovation and R& ; D |
| URL | https://www.nber.org/papers/w21808 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/579481 |
| 推荐引用方式 GB/T 7714 | Josh Lerner,Antoinette Schoar,Stanislav Sokolinski,et al. The Globalization of Angel Investments: Evidence across Countries. 2015. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w21808.pdf（877KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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