國立虎尾科技大學 |

The influence of angel investor characteristics on venture capitalist decision making.

Record Type:	Language materials, manuscript : Monograph/item
Title/Author:	The influence of angel investor characteristics on venture capitalist decision making./
Author:	Drover, Andrew William.
Description:	1 online resource (132 pages)
Notes:	Source: Dissertations Abstracts International, Volume: 76-05, Section: A.
Contained By:	Dissertations Abstracts International76-05A.
Subject:	Finance. -
Online resource:	click for full text (PQDT)
ISBN:	9781321262643

The influence of angel investor characteristics on venture capitalist decision making.
Drover, Andrew William.

The influence of angel investor characteristics on venture capitalist decision making. - 1 online resource (132 pages)

Source: Dissertations Abstracts International, Volume: 76-05, Section: A.

Thesis (Ph.D.)--Southern Illinois University at Carbondale, 2014.

Includes bibliographical references

It is well established that the social relations of an organization can serve as an important signal of perceived quality (Reuber and Fischer, 2005; Suchman, 1995). Here, an organization's patterns of affiliations are often used by third parties to make inferences about intrinsic quality, which can assist in shaping the perception of that venture (Gulati and Higgins, 2003; Pollock et al., 2010). By extension, this dissertation focuses on how organizational affiliations influence the process of venture capital investment decision making. Specifically, given that angel investors often invest prior to venture capitalist involvement, I draw on signaling theory to explore whether certain characteristics of affiliated angel investors can influence the judgment of venture capitalists. Taking a multi-study approach, I explore this effect through the sequential evaluative process. In study one, I leverage conjoint analysis to investigate the influence of affiliated angel characteristics within the initial screening stage-that is, whether awareness of certain distinguishing characteristics of vested angels increases the probability that a venture reaches the formal due diligence stage. Study two focuses on the final investment decision; I utilize logistic regression on a secondary dataset of angel-backed ventures in an attempt to understand whether ventures backed by certain angels stand a higher probability of securing venture capital financing than ventures absent such affiliations. Significant effects from both studies support the idea that angels do indeed influence the evaluation and investment activity of formal venture capital investors.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2024

Mode of access: World Wide Web

ISBN: 9781321262643Subjects--Topical Terms:

559073
Finance.
Subjects--Index Terms:

Angel investorIndex Terms--Genre/Form:

554714
Electronic books.

The influence of angel investor characteristics on venture capitalist decision making.
LDR:03150ntm a22004097 4500 001 1148949
005 20240930105302.5
006 m o d
007 cr bn ---uuuuu
008 250605s2014 xx obm 000 0 eng d
020 $a 9781321262643
035 $a (MiAaPQ)AAI3640752
035 $a (MiAaPQ)siu:12537
035 $a AAI3640752
040 $a MiAaPQ $b eng $c MiAaPQ $d NTU
100 1 $a Drover, Andrew William. $3 1475046
245 1 4 $a The influence of angel investor characteristics on venture capitalist decision making.
264 0 $c 2014
300 $a 1 online resource (132 pages)
336 $a text $b txt $2 rdacontent
337 $a computer $b c $2 rdamedia
338 $a online resource $b cr $2 rdacarrier
500 $a Source: Dissertations Abstracts International, Volume: 76-05, Section: A.
500 $a Publisher info.: Dissertation/Thesis.
500 $a Includes supplementary digital materials.
500 $a Advisor: McKinley, William.
502 $a Thesis (Ph.D.)--Southern Illinois University at Carbondale, 2014.
504 $a Includes bibliographical references
520 $a It is well established that the social relations of an organization can serve as an important signal of perceived quality (Reuber and Fischer, 2005; Suchman, 1995). Here, an organization's patterns of affiliations are often used by third parties to make inferences about intrinsic quality, which can assist in shaping the perception of that venture (Gulati and Higgins, 2003; Pollock et al., 2010). By extension, this dissertation focuses on how organizational affiliations influence the process of venture capital investment decision making. Specifically, given that angel investors often invest prior to venture capitalist involvement, I draw on signaling theory to explore whether certain characteristics of affiliated angel investors can influence the judgment of venture capitalists. Taking a multi-study approach, I explore this effect through the sequential evaluative process. In study one, I leverage conjoint analysis to investigate the influence of affiliated angel characteristics within the initial screening stage-that is, whether awareness of certain distinguishing characteristics of vested angels increases the probability that a venture reaches the formal due diligence stage. Study two focuses on the final investment decision; I utilize logistic regression on a secondary dataset of angel-backed ventures in an attempt to understand whether ventures backed by certain angels stand a higher probability of securing venture capital financing than ventures absent such affiliations. Significant effects from both studies support the idea that angels do indeed influence the evaluation and investment activity of formal venture capital investors.
533 $a Electronic reproduction. $b Ann Arbor, Mich. : $c ProQuest, $d 2024
538 $a Mode of access: World Wide Web
650 4 $a Finance. $3 559073
653 $a Angel investor
653 $a Decision making
653 $a Influence
653 $a Venture capitalist
655 7 $a Electronic books. $2 local $3 554714
690 $a 0454
690 $a 0508
710 2 $a ProQuest Information and Learning Co. $3 1178819
710 2 $a Southern Illinois University at Carbondale. $b Business Administration. $3 1182377
773 0 $t Dissertations Abstracts International $g 76-05A.
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3640752 $z click for full text (PQDT)