Determinants of Long-Distance Investing by Business Angels

Abstract

This study examined the impact of distance on business angel investing in the UK. It identified a number of significant relationships between deal characteristics and the distance between the investor and the business. Investments in technology-based ventures, those involving co-investors and those located in the economic core regions of the UK are more likely to be proximate investments, and larger investments are more likely to be longer distance investments.

Keywords: Entrepreneurship

JEL Classification: M13