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The Determinants Of Successful Angel Investors, Hu Guen Sohn
The Determinants Of Successful Angel Investors, Hu Guen Sohn
MPA/MPP/MPFM Capstone Projects
Angel investors are wealthy individuals who provide capital for business start-ups in return for an ownership stake. The outcomes of angel investments are not high for all angels and not evenly distributed among all investors. I examine what characteristics of angel investors affect the outcome of their investments.
This research is based on a North American survey data set. I use the internal rate of return to measure the performance of angel investments. More specifically, I use three different standards to code it as success or failure: median standard, mean standard, and higher standard. Then, I use OLS and a …