Please use this identifier to cite or link to this item: http://hdl.handle.net/2440/107990
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Type: Journal article
Title: Altruistic investment decision behavior in early-stage ventures
Author: Klyver, K.
Lindsay, N.
Kassicieh, S.
Hancock, G.
Citation: Small Business Economics, 2017; 48(1):135-152
Publisher: Springer
Issue Date: 2017
ISSN: 0921-898X
1573-0913
Statement of
Responsibility: 
Kim Klyver, Noel J. Lindsay, Suleiman K. “Sul” Kassicieh, Gary Hancock
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.
Keywords: Altruism; informal investment; social capital; gender
Rights: © Springer Science+Business Media New York 2016
RMID: 0030051235
DOI: 10.1007/s11187-016-9771-4
Appears in Collections:Business School publications

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