Angel Investors’ and Entrepreneurs’ Intentions to Exit Their Ventures: A Conflict Perspective

By Veroniek Collewaert. 2012

140 citations recorded by the source corpus.

Subfields: Accounting, Management of Technology and Innovation

View Paper: https://www.semanticscholar.org/paper/d7c649b3dfd9f0cb1673c2f11543c123a43301a2

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. A. McKelvie
2. Dean A. Shepherd
3. Holger Patzelt
4. J. Haynie
5. Will Drover
6. Dan K. Hsu
7. S. Simmons
8. T. Williams

In Management of Technology and Innovation

1. A. McKelvie
2. Holger Patzelt
3. J. Haynie
4. Dean A. Shepherd
5. S. Simmons
6. Dan K. Hsu
7. T. Williams
8. Will Drover

Citations in the corpus

• A Review and Road Map of Entrepreneurial Equity Financing Research: Venture Capital, Corporate Venture Capital, Angel Investment, Crowdfunding, and Accelerators (2017, background): “Such work establishes that conflict influences each party’s intention to exit (Collewaert, 2012) and the innovation levels that result (Collewaert & Sapienza, 2014).”
• How should we divide the pie? Equity distribution and its impact on entrepreneurial teams ☆ (2015, result): “These findings parallel previous studies showing that conflicts between entrepreneurs and investors are common (Collewaert, 2012; Sapienza et al., 2000), but they additionally highlight how these conflicts provoke negative team interaction spirals and team member exit.”
• Trust Between Entrepreneurs and Angel Investors (2014, background): “Not only will such an environment avoid entrepreneurs feeling intimidated by the investors’ probing (Collewaert, 2012), it may also stimulate more divergent and creative thinking on the entrepreneurs’ part, thereby reducing the likelihood of entrepreneurs getting stuck in rigid decision-making…”
• What matters, matters differently: a conjoint analysis of the decision policies of angel and venture capital investors (2014, background): “Although the goal conflict between the angel investor and the entrepreneur may not be large (Arthurs and Busenitz 2003), studies have found that some agency problems still occur in the context of angel investment (Collewaert 2012; Fiet 1995; Landström 1998; Van Osnabrugge 2000).”
• Thinking About Entrepreneurial Decision Making (2015, background): “…firm is older (leading to an exit via selling the business; Wennberg, Wiklund, DeTienne, & Cardon, 2010), (3) a more attractive opportunity arises (Bates, 2005), and (4) there is greater conflict (both task and goal conflict) with the business angel who partly funded the venture (Collewaert, 2012).”