Burke, Andrew; Hartog, Chantal; Stel, André van; … - In: Venture Capital 12 (2009) 1, pp. 21-47
This paper examines the prevalence and the determinants of informal entrepreneurial investment activity (including investors in firms of family and friends, and business angels), using a dataset of more than 175,000 individuals -- including some 4000 informal investors -- in 28 highly developed...