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Executive forum: A study of informal investing in 29 nations composing the Global Entrepreneurship Monitor

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Listed:
  • William Bygrave
  • Michael Hay
  • Emily Ng
  • Paul Reynolds

Abstract

This study examined informal investment in the 29 nations that participated in the Global Entrepreneurship Monitor (GEM) study in 2001. Investment was tabulated by gender, age of investor and amount invested for the 29 nations combined. Prevalence of opportunity-pull entrepreneurship was correlated with informal investment, entrepreneurial capacity, and perception of start-up opportunities in a subset of 18 GEM nations. In contrast, necessity-push entrepreneurship had no significant correlation with those same variables.

Suggested Citation

  • William Bygrave & Michael Hay & Emily Ng & Paul Reynolds, 2003. "Executive forum: A study of informal investing in 29 nations composing the Global Entrepreneurship Monitor," Venture Capital, Taylor & Francis Journals, vol. 5(2), pages 101-116, April.
  • Handle: RePEc:taf:veecee:v:5:y:2003:i:2:p:101-116
    DOI: 10.1080/1369106032000097021
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    Citations

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    Cited by:

    1. André van Stel & Kashifa Suddle & Andrew Burke & Chantal Hartog, 2008. "How does Entrepreneurial Activity Affect the Supply of Business Angels?," Scales Research Reports H200813, EIM Business and Policy Research.
    2. Edelman, Linda F. & Manolova, Tatiana & Shirokova, Galina & Tsukanova, Tatyana, 2016. "The impact of family support on young entrepreneurs' start-up activities," Journal of Business Venturing, Elsevier, vol. 31(4), pages 428-448.
    3. repec:ilo:ilowps:388157 is not listed on IDEAS
    4. Anokhin, Sergey & Schulze, William S., 2009. "Entrepreneurship, innovation, and corruption," Journal of Business Venturing, Elsevier, vol. 24(5), pages 465-476, September.
    5. repec:kap:sbusec:v:51:y:2018:i:3:d:10.1007_s11187-018-0076-7 is not listed on IDEAS
    6. Manolova, T. & Shirokova, G. & Tsukanova, T. & Edelman, L., 2014. "The impact of family support on young nascent entrepreneurs's start-up activities: A family embeddedness perspective," Working Papers 6381, Graduate School of Management, St. Petersburg State University.
    7. Szerb, László & Bugár, Gyöngyi, 2015. "Informális befektetési hajlandóság és döntéshozatal a magyar lakosság körében
      [The propensity for informal investment and investment decision-making in Hungary]
      ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(4), pages 356-378.
    8. Michael S. Dahl & Olav Sorenson, 2012. "Home Sweet Home: Entrepreneurs' Location Choices and the Performance of Their Ventures," Management Science, INFORMS, vol. 58(6), pages 1059-1071, June.
    9. R. Sandra Schillo & Ajax Persaud & Meng Jin, 2016. "Entrepreneurial readiness in the context of national systems of entrepreneurship," Small Business Economics, Springer, vol. 46(4), pages 619-637, April.
    10. De Clercq, Dirk & Meuleman, Miguel & Wright, Mike, 2012. "A cross-country investigation of micro-angel investment activity: The roles of new business opportunities and institutions," International Business Review, Elsevier, vol. 21(2), pages 117-129.
    11. Andrew Burke & André Stel & Chantal Hartog & Abdel Ichou, 2014. "What determines the level of informal venture finance investment? Market clearing forces and gender effects," Small Business Economics, Springer, vol. 42(3), pages 467-484, March.
    12. László Szerb & Siri Terjesen & Gábor Rappai, 2007. "Seeding new ventures -- green thumbs and fertile fields: Individual and environmental drivers of informal investment," Venture Capital, Taylor & Francis Journals, vol. 9(4), pages 257-284, April.
    13. repec:taf:jbemgt:v:17:y:2016:i:4:p:613-627 is not listed on IDEAS
    14. Dmitri Knatko & Galina Shirokova & Karina Bogatyreva, 2016. "Industry choice by young entrepreneurs in different country settings: the role of human and financial capital," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 17(4), pages 613-627, July.
    15. Huggins Robert & Thompson Piers, 2012. "Entrepreneurship and Community Culture: A Place-Based Study of Their Interdependency," Entrepreneurship Research Journal, De Gruyter, vol. 2(1), pages 1-36, January.
    16. Kim Klyver & Noel J. Lindsay & Suleiman K. “Sul” Kassicieh & Gary Hancock, 2017. "Altruistic investment decision behavior in early-stage ventures," Small Business Economics, Springer, vol. 48(1), pages 135-152, January.
    17. repec:gam:jsusta:v:11:y:2019:i:6:p:1609-:d:214619 is not listed on IDEAS
    18. Sander Wennekers & Jolanda Hessels & Chantal Hartog, 2009. "Global Entrepreneurship Monitor 2008 The Netherlands," Scales Research Reports A200914, EIM Business and Policy Research.
    19. Siri Terjesen & László Szerb, 2008. "Dice thrown from the beginning? An empirical investigation of determinants of firm level growth expectations," Estudios de Economia, University of Chile, Department of Economics, vol. 35(2 Year 20), pages 153-178, December.
    20. Nguyen Thi Thu Phuong & Laure Pasquier-Doumer, 2018. "The role of Social Networks on Household Business Performance in Vietnam: A qualitative assessment," Working Papers DT/2018/13, DIAL (Développement, Institutions et Mondialisation).
    21. José Ernesto Amorós & Miguel Atienza & Gianni Romaní, 2008. "Formal and Informal Equity Funding in Chile," Estudios de Economia, University of Chile, Department of Economics, vol. 35(2 Year 20), pages 179-194, December.

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