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 |
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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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