Please use this identifier to cite or link to this item: https://doi.org/10.1080/13691060600996772
Title: Characteristics and determinants of informal investment in Singapore
Authors: Wong, P.K. 
Ho, Y.P. 
Keywords: Business angels
Entrepreneurial ventures
Informal investment
Risk capital
Singapore
Issue Date: 2007
Source: Wong, P.K.,Ho, Y.P. (2007). Characteristics and determinants of informal investment in Singapore. Venture Capital 9 (1) : 43-70. ScholarBank@NUS Repository. https://doi.org/10.1080/13691060600996772
Abstract: Since Wetzel (1982, 1983) identified the business angel as a primary source of risk capital, there has been increased interest in the role of informal investors in the formation of new business ventures in the developed OECD countries. However, there remains little known about informal investors in developing or newly industrialized economies such as Singapore. Based on data collected using the Global Entrepreneurship Monitor (GEM) methodology (Reynolds et al., 2002), this paper examines the characteristics of informal investors in Singapore, and analyses the key determinant factors that differentiate individuals who become informal investors from those who do not make informal investments. In particular, we examine if these factors differ depending on the relationship between the investor and entrepreneur. We also investigate the differences between determinants of higher and lower value investment propensities. The findings reveal that knowing entrepreneurs personally was the factor with the strongest influence on informal investing propensity in Singapore. Other findings suggest that informal investing propensity in Singapore is less influenced by demographic factors and income, and more by prior entrepreneurial experience and self-perceived skills with new business formation.
Source Title: Venture Capital
URI: http://scholarbank.nus.edu.sg/handle/10635/44412
ISSN: 13691066
DOI: 10.1080/13691060600996772
Appears in Collections:Staff Publications

Show full item record
Files in This Item:
There are no files associated with this item.

SCOPUSTM   
Citations

31
checked on Dec 4, 2017

Page view(s)

180
checked on Dec 8, 2017

Google ScholarTM

Check

Altmetric


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.