The Globalization of Angel Investments: Evidence across Countries
February 3, 2016 Editor 0
Angel investors are attracting increasing interest from financial economists and policy makers alike, reflecting their apparent ability to solve some of the information problems that other types of investors seem to have problems solving. Examining a cross-section of 13 angel groups who considered transactions across 21 countries, this study finds that angel investors have a positive impact on the growth of the firms they fund, their performance, and survival, while the selection of firms that apply for angel funding varies across countries.
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