Altruistic investment decision behavior in early-stage ventures

Kim Klyver, Noel J. Lindsay, Suleiman K. ‘‘Sul’’ Kassicieh, Gary Hancock

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Resumé

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.

OriginalsprogEngelsk
TidsskriftSmall Business Economics
Vol/bind48
Udgave nummer1
Sider (fra-til)135-152
ISSN0921-898X
DOI
StatusUdgivet - 2017

Fingeraftryk

Return on investment
Investment decision
Investment behavior
Informal investors
Venture
Social capital
Investment activity
Empirical evidence
Payback
Profit

Citer dette

Klyver, K., J. Lindsay, N., K. ‘‘Sul’’ Kassicieh, S., & Hancock, G. (2017). Altruistic investment decision behavior in early-stage ventures. Small Business Economics, 48(1), 135-152. https://doi.org/10.1007/s11187-016-9771-4
Klyver, Kim ; J. Lindsay, Noel ; K. ‘‘Sul’’ Kassicieh, Suleiman ; Hancock, Gary. / Altruistic investment decision behavior in early-stage ventures. I: Small Business Economics. 2017 ; Bind 48, Nr. 1. s. 135-152.
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Klyver, K, J. Lindsay, N, K. ‘‘Sul’’ Kassicieh, S & Hancock, G 2017, 'Altruistic investment decision behavior in early-stage ventures', Small Business Economics, bind 48, nr. 1, s. 135-152. https://doi.org/10.1007/s11187-016-9771-4

Altruistic investment decision behavior in early-stage ventures. / Klyver, Kim; J. Lindsay, Noel; K. ‘‘Sul’’ Kassicieh, Suleiman; Hancock, Gary.

I: Small Business Economics, Bind 48, Nr. 1, 2017, s. 135-152.

Publikation: Bidrag til tidsskriftTidsskriftartikelForskningpeer review

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