Identifying the impact of external environment on business angel activity

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26510%2F21%3APU140180" target="_blank" >RIV/00216305:26510/21:PU140180 - isvavai.cz</a>

Result on the web

<a href="https://www.tandfonline.com/doi/full/10.1080/1331677X.2021.1888140" target="_blank" >https://www.tandfonline.com/doi/full/10.1080/1331677X.2021.1888140</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1080/1331677X.2021.1888140" target="_blank" >10.1080/1331677X.2021.1888140</a>

Result language

angličtina

Original language name

Identifying the impact of external environment on business angel activity

Original language description

We intend to contribute the empirical evidence in regard to identifying the impact of external environment on the activity of business angels in Czechia. Although prior academic studies have argued that e.g. overall economic growth, capital market, legal structures and the protection of property rights, corruption, innovativeness, the tax rate and labour market policy are the main determinants of the decision-making of business angels in the well-developed market, little is known about exogenous factors affecting behaviours of informal venture capitalists in Central and Eastern European countries. To our knowledge, we are the first who attempt to uncover the perception of changing economic conditions on business angel decision-making while using a qualitative survey research approach as primary data on business angels is currently not available. The results indicate that business angels pay little attention to the impact of the general macroeconomic conditions, as well as the role played by the capital market. They refer to ‘critical’ issues related to the difficult predictability of legislative changes. Dissatisfaction has also been expressed with the functioning of the public administration. Business angels also consider the current situation on the labour market and public education policy to be serious barriers to business development in the Czech Republic.

Czech name

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Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

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OECD FORD branch

50202 - Applied Economics, Econometrics

Project

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Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2021

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

EKON ISTRAZ

ISSN

1331-677X

e-ISSN

1848-9664

Volume of the periodical

2021

Issue of the periodical within the volume

1

Country of publishing house

HR - CROATIA

Number of pages

24

Pages from-to

1-23

UT code for WoS article

000623869700001

EID of the result in the Scopus database

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