Women on the edge of a breakthrough? A stereotype threat theory of women’s angel investing

Harrison, R. T., Botelho, T. and Mason, C. M. (2020) Women on the edge of a breakthrough? A stereotype threat theory of women’s angel investing. International Small Business Journal, (doi: 10.1177/0266242620927312)

Abstract

The extent to which women participate in the angel investment market has become an important topic of research and policy interest. Based on UK survey data, we demonstrate that there are systematic but not unequivocal differences between women and men investors on a number of key investor and investment characteristics. We also report indicative evidence that members of women-only networks do differ from women who join mixed networks. Drawing on these results, we develop a stereotype threat theory perspective on women’s angel investing which highlights the cues, consequences, outcomes and responses to stereotype threat. Specifically, we theorise that stereotype threat influences women’s widely reported lower participation in the angel investment market. In addition, stereotype threat theory helps explain both women’s overall active involvement in the angel investment market and their participation in women-only investor networks. We conclude that there is a case for women-only angel networks and training programmes to mitigate the performance and participation consequences of stereotype threat.

• Item Type: Articles
• Status: Published
• Refereed: Yes
• Glasgow Author(s) Enlighten ID: Botelho, Tiago and Mason, Professor Colin
• Authors: Harrison, R. T., Botelho, T., and Mason, C. M.
• College/School: College of Social Sciences; College of Social Sciences > Adam Smith Business School > Management
• Journal Name: International Small Business Journal
• Publisher: SAGE Publications
• ISSN: 0266-2426
• ISSN (Online): 1741-2870
• Published Online: 09 July 2020
• Copyright Holders: Copyright © 2020 The Authors
• First Published: First published in International Small Business Journal 2020
• Publisher Policy: Reproduced under a Creative Commons license