Measuring business angel investment activity in the United Kingdom: a review of potential data sources

References

• Amatucci , F. and Sohl , J. E. 2006 . “ Business angels: Investment processes, outcomes and current trends ” . In Entrepreneurship: The engine of growth. Volume II: The process , Edited by: Zacharakis , A. and Spinelli , S. 87 – 107 . Westwood, CT : Greenwood Publishing .
   Google Scholar
• Avdeitchikova , S. 2008 . On the structure of the informal venture capital market in Sweden: Developing investment roles . Venture Capital , 10 ( 1 ) : 55 – 85 .
   Google Scholar
• Avdeitchikova , S. and Landström , H. . Informal venture capital: Scope and geographical distribution in Sweden . Paper presented at the Babson–Kauffman Entrepreneurship Research Conference . June 9–11 . Babson College
   Google Scholar
• Arum Research Associates Inc . 1987 . Informal risk capital in the Eastern Great Lakes region , Washington, DC : US Small Business, Office of Advocacy .
   Google Scholar
• Becker-Blease , J. and Sohl , J. 2007 . Do women-owned businesses have equal access to angel capital? . Journal of Business Venturing , 22 ( 4 ) : 503 – 521 .
   Web of Science ®Google Scholar
• Bygrave , W. D. , Hay , M. , Ng , E. and Reynolds , P. 2003 . A study of informal investing in 29 nations composing the Global Entrepreneurship Monitor . Venture Capital , 5 : 101 – 116 .
   Google Scholar
• Bygrave , W. D. and Reynolds , P. D. . Who finances startups in the USA? A comprehensive survey of informal investors, 1999–2003 . Paper presented at the Babson–Kaufman Entrepreneurship Research Conference . June 3–5 . University of Strathclyde, Glasgow
   Google Scholar
• Coveney , P and Moore , K. 1998 . Business angels: Securing start-up finance , Chichester : Wiley .
   Google Scholar
• Cowling , M. , Bates , P. , Jagger , N. and Murray , G. . Study of the impact of the Enterprise Investment Scheme (EIS) and Venture Capital Trusts (VCTs) on company performance . Report researched by the Institute for Employment Studies, HM Revenue & Customs Research Report 44 .
   Google Scholar
• Farrell , A. E. . Informal venture capital investment in Atlantic Canada: A representative view of angels? . Report presented to ACOA (Atlantic Canada Opportunities Agency), St Mary's University, Halifax, Canada .
   Google Scholar
• Farrell , E. and Howorth , C. . Definitional and sampling concerns regarding business angel research . Paper presented at the Babson–Kauffman Entrepreneurship Research Conference, Babson College . June 5–8 , Wellesley, MA.
   Google Scholar
• Freear , J. , Sohl , J. E. and Wetzel , W. E. Jr. . Angel profiles: A longitudinal study . Paper presented at the Babson Entrepreneurship Research Conference . March 25–27 . University of Houston .
   Google Scholar
• Freear , J. , Sohl , J. E. and Wetzel , W. E. Jr. 1994 . Angels and non-angels: Are there differences? . Journal of Business Venturing , 9 : 109 – 123 .
   Web of Science ®Google Scholar
• Gaston , R. J. 1989a . The scale of informal capital markets . Small Business Economics , 1 : 223 – 230 .
   Google Scholar
• Gaston , R. J. 1989b . Finding venture capital for your firm: A complete guide , New York : John Wiley & Sons .
   Google Scholar
• Gaston , R. J. and Bell , S. E. 1986 . Informal risk capital in the sunbelt region , Washington, DC : US Small Business, Office of Advocacy .
   Google Scholar
• Gaston , R. J. and Bell , S. E. 1988 . The informal supply of capital , Washington, DC : US Small Business, Office of Advocacy .
   Google Scholar
• Harrison , R. T. and Don , G. 2004 . The equity risk capital market in Scotland: A benchmark analysis and report , Glasgow : Scottish Enterprise .
   Google Scholar
• Harrison , R. T. and Don , G. 2006 . The equity risk capital market for young companies in Scotland 2000–2004 , Glasgow : Scottish Enterprise .
   Google Scholar
• Harrison , R. T. and Mason , C. M. 1992 . “ The roles of investors in entrepreneurial companies: A comparison of informal investors venture capitalists ” . In Frontiers of entrepreneurship research , Edited by: Churchill , N. C. , Birley , S. , Bygrave , W. D. , Muzyka , D. F. , Wahlbin , C. and Wetzel , W. E. Jr. 388 – 404 . Wellesley, MA : Babson College .
   Google Scholar
• Harrison , R. T. , Mason , C. M. and Robson , P. J.A. 2003 . “ Determinants of long distance investing by business angels ” . In Frontiers of entrepreneurship research , Edited by: Bygrave , W. D. , Brush , C. G. , Davidsson , P. , Feit , J. , Greene , P. G. , Harrison , R. T. , Lerner , M. , Meyer , G. D. , Sohl , J. and Zacharakis , A. 116 – 130 . Wellesley, MA : Babson College .
   Google Scholar
• HM Treasury . 2004 . Informal capital raising and high net worth and sophisticated investors: A consultation document on proposed changes to the Financial Promotion Order , London : HM Treasury .
   Google Scholar
• Infometrics Ltd . 2004 . New Zealand's angel capital market: The supply side , Wellington : Ministry of Economic Development .
   Google Scholar
• Karaomerlioglu , S. C. and Jacobsson , S. 2000 . The Swedish venture capital industry: An infant, adolescent or grown-up? . Venture Capital , 2 : 61 – 80 .
   Google Scholar
• Kelly , P. 2007 . “ Business angel research: The road travelled and the journey ahead ” . In Handbook of research on venture capital , Edited by: Landström , H. 315 – 331 . Cheltenham : Edward Elgar .
   Google Scholar
• Landström , H. 2007 . “ Pioneers in venture capital research ” . In Handbook of research on venture capital , Edited by: Landström , H. 3 – 65 . Cheltenham : Edward Elgar .
   Google Scholar
• Lumme , A. , Mason , C. and Suomi , M. 1998 . Informal venture capital: Investors, investments and policy issues in Finland , Dordrecht : Kluwer Academic Publishers .
   Google Scholar
• Martin , R. and Minns , R. 1995 . Undermining the financial basis of regions: The spatial structure and implications of the UK pension fund system . Regional Studies , 29 ( 2 ) : 125 – 144 .
   Web of Science ®Google Scholar
• Mason , C. M. 2006a . “ Informal sources of venture finance ” . In The life cycle of entrepreneurial ventures , Edited by: Parker , S. C. 259 – 299 . New York : Springer .
   Google Scholar
• Mason , C. M. 2006b . “ The informal venture capital market in the United Kingdom: Adding the time dimension ” . In Research on entrepreneurship and management. Volume 5: Venture capital and entrepreneurship , Edited by: Butler , J. 137 – 171 . Greenwich, CT : Information Age Publishing .
   Google Scholar
• Mason , C. M. 2007 . “ Regional aspects of venture capital ” . In Handbook of research on venture capital , Edited by: Landström , H. 86 – 112 . Cheltenham : Edward Elgar .
   Google Scholar
• Mason , C. M. and Harrison , R. T. 1989 . The north–south divide and small firms policy in the UK: The case of the Business Expansion Scheme . Transactions of the Institute of British Geographers , 14 : 37 – 58 .
   Web of Science ®Google Scholar
• Mason , C. M. and Harrison , R. T. 1994 . “ The informal venture capital market in the UK ” . In Financing small firms , Edited by: Hughes , A. and Storey , D. J. 64 – 111 . London : Routledge .
   Google Scholar
• Mason , C. M. and Harrison , R. T. 1997 . Business angels in the UK: A response to Stevenson and Coveney . International Small Business Journal , 15 ( 2 ) : 83 – 90 .
   Google Scholar
• Mason , C. M. and Harrison , R. T. 1999 . “ Public policy and the development of the informal venture capital market: UK experience and lessons for Europe ” . In Industrial policy in Europe , Edited by: Cowling , K. 199 – 223 . London : Routledge .
   Google Scholar
• Mason , C. M. and Harrison , R. T. 2000 . The size of the informal venture capital market in the United Kingdom . Small Business Economics , 15 : 137 – 148 .
   Web of Science ®Google Scholar
• Mason , C. M. and Harrison , R. T. 2002 . The geography of venture capital investments in the UK . Transactions of the Institute of British Geographers , 27 : 427 – 451 .
   Web of Science ®Google Scholar
• Mason , C. M. and Harrison , R. T. 2003 . Closing the equity gap? A critique of the department of trade and industry's regional venture capital funds initiative . Regional Studies , 17 : 855 – 868 .
   Google Scholar
• Maula , M. , Autio , E. and Arenius , P. 2005 . What drives micro-angel investments? . Small Business Economics , 25 ( 5 ) : 459 – 475 .
   Web of Science ®Google Scholar
• May , J. 2002 . Structured angel groups in the USA: The dinner club experience . Venture Capital , 4 : 337 – 342 .
   Google Scholar
• May , J. and O'Halloran , E. F. 2003 . Cutting Edge Practices in American Angel Investing , Charlottesville, VA : The Darden School, Batten Institute, University of Virginia .
   Google Scholar
• Postma , P. D. and Sullivan , M. K. 1990 . Informal risk capital in the Knoxville region Unpublished report, Center for Excellence for New Venture Analysis, College of Business Administration, University of Tennessee, Kentucky
   Google Scholar
• Preston , S. L. 2004 . Angel investment groups, networks and funds: A guidebook to developing the right angel organisation for your community , Kansas City : Kauffman Foundation .
   Google Scholar
• Preston , S. L. 2007 . Angel financing for entrepreneurs , San Francisco : Jossey Bass .
   Google Scholar
• Reitan , B. and S⊘rheim , R. 2000 . The informal venture capital market in Norway: Investor characteristics, behaviour and investment preferences . Venture Capital , 2 : 129 – 141 .
   Google Scholar
• ReyNolds , P. D. , Bygrave , W. D. and Autio , E. 2003 . Global Entrepreneurship Monitor: Executive Report 2003 , Wellesley, MA and London : Babson College and London Business School .
   Google Scholar
• Riding , A. L. . Estimating informal investment in Canada . Paper presented at a SME FRI Workshop . September 21 . Ottawa
   Google Scholar
• Riding , A. L. , Dal Cin , P. , Duxbury , L. , Haines , G. and Safrata , R. 1993 . Informal investors in Canada: The identification of salient characteristics , Ottawa : Unpublished report, Carleton University .
   Google Scholar
• Riding , A. L. and Short , D. M. 1987 . On the estimation of the investment potential of informal investors: A capture-recapture approach . Journal of Small Business and Entrepreneurship , 5 ( 4 ) : 26 – 40 .
   Google Scholar
• Robinson , M. J. and Cottrell , T. J. 2007 . Investment patterns of informal investors in the Alberta private equity market . Journal of Small Business Management , 45 ( 1 ) : 47 – 67 .
   Web of Science ®Google Scholar
• Sohl , J. E. 2003 . The private equity market in the USA: Lessons from volatility . Venture Capital , 5 : 29 – 46 .
   Google Scholar
• Sohl , J. E. 2006 . Angel investing: Changing strategies during volatile times . Journal of Entrepreneurial Finance and Business Ventures , 11 ( 2 ) : 27 – 47 .
   Google Scholar
• Sohl , J. E. 2007 . “ The organisation of the informal venture capital market ” . In Handbook of research on venture capital , Edited by: Landström , H. 347 – 368 . Cheltenham : Edward Elgar .
   Google Scholar
• S⊘rheim , R. and Landström , H. 2001 . Informal investors – a categorisation with policy implications . Entrepreneurship and Regional Development , 13 : 351 – 370 .
   Web of Science ®Google Scholar
• Sullivan , M. K. 1994 . “ Altruism and entrepreneurship ” . In Frontiers of entrepreneurship research , Edited by: Bygrave , W. D. , Birley , S. , Churchill , N. C. , Gatewood , E. , Hoy , F. , Keeley , R. H. and Wetzel , W. E. Jr. 373 – 380 . Wellesley, MA : Babson College .
   Google Scholar
• Wetzel , W. E. 1981 . “ Informal risk capital in New England ” . In Frontiers of entrepreneurship research , Edited by: Vesper , K. H. 217 – 245 . Wellesley, MA : Babson College .
   Google Scholar
• Wetzel , W. E. 1983 . Angels and informal risk capital . Sloan Management Review , 24 ( 4 ) : 23 – 34 .
   Google Scholar
• Wetzel , W. E. 1987 . The informal risk capital market: Aspects of scale and efficiency . Journal of Business Venturing , 2 : 299 – 313 .
   Web of Science ®Google Scholar
• Wong , P. K. and Ho , Y. P. 2007 . Characteristics and determinants of informal investment in Singapore . Venture Capital , 9 ( 1 ) : 43 – 70 .
   Google Scholar