In this paper we evaluate whether government intervention through the public funding of business angel networks is warranted. Based on a regional study of four BANs, we find that these subsidies reach their goals in terms of contribution to economic development and reducing financing and...

In this paper we evaluate whether government intervention through the public funding of business angel networks is warranted. Based on a regional study of four BANs, we find that these subsidies reach their goals in terms of contribution to economic development and reducing financing and...

This paper investigates how angel investors’ human capital affects the valuation of their portfolio companies at initial investment, based on the pre-money valuation of 59 investments in young Belgian companies. We show that entrepreneurs are able to negotiate higher valuations with angel...

Scholar research seems to confirm that the type of funding of a university spin-off venture influences these survival chances. This study aims to investigate whether the basic type of funding used for young university spin-offs influences the survival chances. The reasoning is that screening by...

This study seeks to examine the relationship between the structure of the start-up capital and the survival of companies. The study considers the structure of the start-up capital as the share of the managerial capital (share of the capital held by the entrepreneur and his family), the share of...

Institutions affect economic development, and at the same time they are a way to measure it. Correlation and causality tangle up within a circular and cumulative process of changes, which draws the limits and possibilities for increased individual freedom. This essay brings together some key...