The Effect of Gender Diversity on Angel Group Investment

25 Pages Posted: 14 Jul 2011

See all articles by John R. Becker‐Blease

John R. Becker‐Blease

affiliation not provided to SSRN

Jeffrey Sohl

affiliation not provided to SSRN

Date Written: July 2011

Abstract

We examine the impact that gender diversity has on angel group investment behavior for a sample of 183 group‐years between 2000 and 2006. Our evidence suggests that gender diversity is a significant predictor of group investment behavior, and that the proportion of women angels in the group has a negative though nonlinear effect on investment likelihood. These data are most consistent with a situational interpretation that women invest differently when they are in the small minority compared with other situations. These results have important implications for the availability of funds for women entrepreneurs and call for greater participation of women investors in the angel marketplace.

Suggested Citation

Becker‐Blease, John R. and Sohl, Jeffrey, The Effect of Gender Diversity on Angel Group Investment (July 2011). Entrepreneurship Theory and Practice, Vol. 35, Issue 4, pp. 709-733, 2011. Available at SSRN: https://ssrn.com/abstract=1885310 or http://dx.doi.org/10.1111/j.1540-6520.2010.00391.x

John R. Becker‐Blease

affiliation not provided to SSRN

Jeffrey Sohl (Contact Author)

affiliation not provided to SSRN ( email )

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