IDEAS home Printed from https://ideas.repec.org/a/taf/servic/v33y2013i9-10p806-819.html
   My bibliography  Save this article

Financial services support for entrepreneurial projects: key issues in the business angels investment decision process

Author

Listed:
  • Jaume Argerich
  • Esther Hormiga
  • Jaume Valls-Pasola

Abstract

The objective of this paper is to provide knowledge about the determinants of success in the screening phase of the investment process and to demonstrate its relationship with success in obtaining capital from business angels (BA). This research sets out to achieve this objective by analyzing the impact that the evaluation of the business opportunity, the managing team and the presentation have on success in the screening phase. To do this, the research proposes four main hypotheses that are tested on 215 projects presented at a BA's network. The data for the analysis are extracted both from the BA and from the entrepreneurs. The results show that the evaluation of the presentation is the most important factor that influences success in the screening phase, followed by the evaluation of the business opportunity.

Suggested Citation

  • Jaume Argerich & Esther Hormiga & Jaume Valls-Pasola, 2013. "Financial services support for entrepreneurial projects: key issues in the business angels investment decision process," The Service Industries Journal, Taylor & Francis Journals, vol. 33(9-10), pages 806-819, July.
    • Handle: RePEc:taf:servic:v:33:y:2013:i:9-10:p:806-819
    DOI: 10.1080/02642069.2013.719891
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/02642069.2013.719891
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/02642069.2013.719891?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Harjum Muharam & Maria Rio Rita & Isfenti Sadalia & Asep Mulyana & Mohamad Nur Utomo, 2020. "The Role of Business Strategies and Financial Decisions in Preparing for International Market Entry and Improving SMEs¡¯ Performance: An Entrepreneurial Finance Perspective," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 11(5), pages 376-391, October.
    2. Wales William & Cox Kevin C. & Lortie Jason & Sproul Curtis R., 2019. "Blowing Smoke? How Early-Stage Investors Interpret Hopeful Discourse within Entrepreneurially Oriented Business Plans," Entrepreneurship Research Journal, De Gruyter, vol. 9(3), pages 1-16, July.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:servic:v:33:y:2013:i:9-10:p:806-819. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/FSIJ20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.