Business angels in the Czech Republic: characteristics and a classification with policy implications

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26510%2F21%3APU140183" target="_blank" >RIV/00216305:26510/21:PU140183 - isvavai.cz</a>

Result on the web

<a href="https://www.tandfonline.com/doi/full/10.1080/1331677X.2021.1890179" target="_blank" >https://www.tandfonline.com/doi/full/10.1080/1331677X.2021.1890179</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1080/1331677X.2021.1890179" target="_blank" >10.1080/1331677X.2021.1890179</a>

Result language

angličtina

Original language name

Business angels in the Czech Republic: characteristics and a classification with policy implications

Original language description

There is a lack of knowledge regarding the profiles of Czech business angels. In this article, we intend to contribute the empirical evidence in regard to identifying a ‘typical’ business angel profile in the Czech Republic. Using a unique dataset containing survey gained data on informal venture capitalists, we show that angel investors share many of the characteristics reported for welldeveloped markets. They are usually males, middle aged, with high school backgrounds and further educational achievements in MBA courses. They are trained or experienced in entrepreneurship or have the status as a hired or owner manager in a firm. Furthermore, the ICT is the most targeted industry amongst business angels. Similar to their foreign counterparts, they are financially well-off, although we have to differentiate in regard to age categories. Co-operation with other BAs is a very common channel how the deal flow is facilitated. BAs are ‘hands-on’ investors in the sense they provide investee companies with advice, insights, knowledge. The implications from this study indicate that measures focused on data gathering have to be implemented in order to systematically analyse the market and apply problem-driven policies.

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

26

Pages from-to

1-26

UT code for WoS article

000623818300001

EID of the result in the Scopus database

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