Business angels research in entrepreneurial finance: A literature review and a research agenda

F Tenca, A Croce, E Ughetto - Contemporary Topics in Finance …, 2019 - Wiley Online Library
Business angels (BAs) are high wealthy individuals, usually former entrepreneurs or
professionals, who invest their own money in promising startups in which they have no direct …

A guide to becoming green: Insights from angel investors developing sustainability-specific knowledge

M Siefkes - Journal of Small Business Management, 2025 - Taylor & Francis
This paper explores how business angels develop the knowledge necessary to offer
sustainability-value-adding activities, thereby becoming green angels. A multiple case study …

Why do business angels invest? Uncovering angels' goals

R Falcão, MJ Carneiro, AC Moreira - Cogent Business & …, 2023 - Taylor & Francis
Despite the increasing importance of business angels (BAs) as crucial players in the growth
of high-potential early-stage startups, their motivations are not fully understood. Many of the …

Gazelles, ponies, and the impact of business angels' characteristics on firm growth

A Croce, E Ughetto, S Bonini… - Journal of Small Business …, 2021 - Taylor & Francis
This study investigates whether the individual attributes and investment approaches of
business angels (BAs) affect the growth of funded companies by distinguishing between two …

The performance of angel-backed companies

S Bonini, V Capizzi, P Zocchi - Journal of Banking & Finance, 2019 - Elsevier
We provide empirical evidence of the post-investment performance and survivorship profile
of angel-backed companies, filling a long-standing gap within the entrepreneurial finance …

The role of entrepreneurs' perceived competence and cooperativeness in early-stage financing

M Svetek - Entrepreneurship Theory and Practice, 2023 - journals.sagepub.com
Building on social-psychological insights into social perception and judgment and empirical
findings from the entrepreneurship literature, we propose that early-stage equity investors …

Sustaining trust to cross the Valley of Death: A retrospective study of business angels' investment and reinvestment decisions

V Lefebvre, G Certhoux, M Radu-Lefebvre - Technovation, 2022 - Elsevier
This paper explores and explains how, why and with what consequences business angels'
trust in the entrepreneur affects their decisions to invest, reinvest or withdraw funding in the …

Investment motivations and UK business angels' appetite for risk taking: The moderating role of experience

A Croce, E Ughetto, M Cowling - British Journal of …, 2020 - Wiley Online Library
In this paper we use a large UK survey of business angels (BAs) investing in two different
publicly supported schemes to directly question the role that investment motivations play in …

[HTML][HTML] Navigating the volatile world of digital entrepreneurship

H Wimelius, J Sandberg, M Olsson, M Gunhaga - Business Horizons, 2023 - Elsevier
Having secured venture capital for their startups, digital entrepreneurs face a critical
transition to the postinvestment phase. They must evolve new organizational models and …

What's in it for me? The perceived investment value of business angels

R Falcão, AC Moreira… - The International Journal …, 2023 - journals.sagepub.com
Besides the extraordinary impact of Business Angels (BAs) as the leading contributors to
fund entrepreneurship at the early stage, the value BAs perceive from their investment …