Measuring business angel investment activity in the United Kingdom: A review of potential data sources

Mason, C.M. and Harrison, R.T. (2008) Measuring business angel investment activity in the United Kingdom: A review of potential data sources. Venture Capital, 10(4), pp. 309-330. (doi: 10.1080/13691060802380098)

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Abstract

Business angels play a critical role in the creation of an entrepreneurial climate. However, measuring business angel investment activity on either a cross-sectional or time series basis is extremely problematic. This paper reviews various approaches to measuring business angel investment activity: simple extrapolations, supply-side approaches, demand-side approaches, hybrid approaches, investment-oriented approaches, tax incentive schemes and angel syndicates. It advocates that all developed countries should produce time series data on business angel investment activity to provide policy-makers with an overview of the financing environment and to monitor the effects of interventions in the market. This requires a clear definition of a business angel and a focus on investments rather than investors. The paper recommends a multi-methods approach to collecting data on the UK business angel market.

Item Type:Articles
Additional Information:Special Issue: Data Sources for Business Angel Research: International Perspectives
Status:Published
Refereed:Yes
Glasgow Author(s) Enlighten ID:Mason, Professor Colin
Authors: Mason, C.M., and Harrison, R.T.
College/School:College of Social Sciences > Adam Smith Business School > Management
Journal Name:Venture Capital
ISSN:1369-1066
ISSN (Online):1464-5343
Published Online:10 October 2008

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