Angel investing in China:group decision-making and the role of social contagion

Xiao, Li and Steier, LIoyd (2019) Angel investing in China:group decision-making and the role of social contagion. In: RENT XXXIII - Research in Entrepreneurship and Small Business, 2019-11-272019-11-29, Seminaris Hotel.

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Abstract

We explore the interplay between traditional evaluation criteria and social contagion in affecting investing behaviors and decisions of groups’ investors. Using in-depth data from a 26-month inductive field study of angel investing groups, we build a grounded model of underlying contagion effects on investing decisions. We ascertain three dimensions of a group’s credibility - collective analysis, collective fits, and professional structure, which encourage investors to appreciate gut feel and follow the earlier decisions of others. Moreover, our data suggest three factors – intrinsic quality, uncertainty, and personal traits – that moderate social contagion effects on investing behaviors and decisions.

Item Type:
Contribution to Conference (Paper)
Journal or Publication Title:
RENT XXXIII - Research in Entrepreneurship and Small Business
ID Code:
141452
Deposited By:
Deposited On:
14 Feb 2020 15:55
Refereed?:
Yes
Published?:
Published
Last Modified:
10 Jul 2020 00:37