Publication detail

Business angels in the Czech Republic: characteristics and a classification with policy implications

ZINECKER, M. SKALICKÁ, M. BALCERZAK, A. PIETRZAK, M.

Original Title

Business angels in the Czech Republic: characteristics and a classification with policy implications

Type

journal article in Web of Science

Language

English

Original Abstract

There is a lack of knowledge regarding the profiles of Czech business angels. In this article, we intend to contribute the empirical evidence in regard to identifying a ‘typical’ business angel profile in the Czech Republic. Using a unique dataset containing survey gained data on informal venture capitalists, we show that angel investors share many of the characteristics reported for welldeveloped markets. They are usually males, middle aged, with high school backgrounds and further educational achievements in MBA courses. They are trained or experienced in entrepreneurship or have the status as a hired or owner manager in a firm. Furthermore, the ICT is the most targeted industry amongst business angels. Similar to their foreign counterparts, they are financially well-off, although we have to differentiate in regard to age categories. Co-operation with other BAs is a very common channel how the deal flow is facilitated. BAs are ‘hands-on’ investors in the sense they provide investee companies with advice, insights, knowledge. The implications from this study indicate that measures focused on data gathering have to be implemented in order to systematically analyse the market and apply problem-driven policies.

Keywords

business angels; venture capital; investment; survey; policy implications; emerging market

Authors

ZINECKER, M.; SKALICKÁ, M.; BALCERZAK, A.; PIETRZAK, M.

Released

1. 3. 2021

Publisher

Taylor & Francis

Location

Pula/Croatia

ISBN

1331-677X

Periodical

EKON ISTRAZ

Year of study

2021

Number

1

State

Republic of Croatia

Pages from

1

Pages to

26

Pages count

26

URL

https://www.tandfonline.com/doi/full/10.1080/1331677X.2021.1890179

Full text in the Digital Library

http://hdl.handle.net/11012/200976

BibTex

@article{BUT170545,
  author="Marek {Zinecker} and Martina {Skalická} and Adam Przemyslaw {Balcerzak} and Michał Bernard {Pietrzak}",
  title="Business angels in the Czech Republic: characteristics and a classification with policy implications",
  journal="EKON ISTRAZ",
  year="2021",
  volume="2021",
  number="1",
  pages="1--26",
  doi="10.1080/1331677X.2021.1890179",
  issn="1331-677X",
  url="https://www.tandfonline.com/doi/full/10.1080/1331677X.2021.1890179"
}