Altruistic investment decision behavior in early-stage ventures
| dc.contributor.author | Klyver, K. | |
| dc.contributor.author | Lindsay, N.J. | |
| dc.contributor.author | Kassicieh, S.K.S. | |
| dc.contributor.author | Hancock, G. | |
| dc.date.issued | 2017 | |
| dc.description.abstract | In this study, we develop and test a gendered social capital model of altruistic investment behavior that explains why some informal investors expect high returns on their investments while others expect no payback at all. Prior literature predominantly assumes that informal investors engage in investment activities with a return on investment and profit in mind; however, other non-financial objectives for informal investment—e.g., altruistic informal investment—have also been suggested although their antecedents unexplored. We suggest altruistic investment behavior depends on life circumstances determined by social capital, gender, and their combination. Our empirical evidence supports these propositions. | |
| dc.description.statementofresponsibility | Kim Klyver, Noel J. Lindsay, Suleiman K. “Sul” Kassicieh, Gary Hancock | |
| dc.identifier.citation | Small Business Economics, 2017; 48(1):135-152 | |
| dc.identifier.doi | 10.1007/s11187-016-9771-4 | |
| dc.identifier.issn | 0921-898X | |
| dc.identifier.issn | 1573-0913 | |
| dc.identifier.orcid | Lindsay, N.J. [0000-0001-8912-6141] | |
| dc.identifier.uri | http://hdl.handle.net/2440/107990 | |
| dc.language.iso | en | |
| dc.publisher | Springer | |
| dc.rights | © Springer Science+Business Media New York 2016 | |
| dc.source.uri | https://doi.org/10.1007/s11187-016-9771-4 | |
| dc.subject | Altruism; informal investment; social capital; gender | |
| dc.title | Altruistic investment decision behavior in early-stage ventures | |
| dc.type | Journal article | |
| pubs.publication-status | Published |