Burke, Andrew; Stel, André; Hartog, Chantal; Ichou, Abdel - In: Small Business Economics 42 (2014) 3, pp. 467-484
We undertake the first research to move analysis beyond estimating the propensity for a person to become an informal investor and onto the core concern which is the total volume of venture finance. We find that a 1 % increase in entrepreneurial activity increases the number of informal...
