IDEAS home Printed from https://ideas.repec.org/a/eee/riibaf/v70y2024ipbs0275531924001715.html
   My bibliography  Save this article

Micro-angel investments of men and women: The role of institutions

Author

Listed:
  • Fernandez, Viviana

Abstract

Informal investments are a key source of financing for startups. In this research article, I focus on how institutional weakness can impact informal investments of male and female micro angels. To this end, I rely on information from more than 50,000 individuals from 88 countries who provided funding to family and relatives, acquaintances (co-workers, friends or neighbors), and strangers with good business ideas during 2014–2018. I conclude that weak institutions may decrease the likelihood that women will become micro-angel investors. However, weak institutions may encourage men and, to a lesser extent, women to invest in business ventures of acquaintances and strangers, as opposed to those of extended family. Robustness checks involving cultural dimensions and gender equality confirm these findings. Furthermore, statistical evidence shows that the decisions of whether to become a micro angel and how much to invest are independent.

Suggested Citation

  • Fernandez, Viviana, 2024. "Micro-angel investments of men and women: The role of institutions," Research in International Business and Finance, Elsevier, vol. 70(PB).
    • Handle: RePEc:eee:riibaf:v:70:y:2024:i:pb:s0275531924001715
    DOI: 10.1016/j.ribaf.2024.102378
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0275531924001715
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.ribaf.2024.102378?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:riibaf:v:70:y:2024:i:pb:s0275531924001715. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/ribaf .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.