We report on business angel (BA) investing in the emerging Asian economy of Thailand. Our research question is: How can BAs survive in an emerging economy, which lacks the fully developed institutions that are necessary to support formal and informal venture capital investing? Institutional...

In this paper we analyze the development of venture capital in Thailand. We use institutional theory in order to better understand the context of developing venture capital investment and operations strategies in a developing country, which lacks fully-developed legal and financial institutions....