Abstract
The supply of entrepreneurial finance in Europe is constrained by the geographical fragmentation of its capital market. The need to facilitate more cross-border investing by business angels – the main source of early stage finance–is recognized. A study of business angels on the island of Ireland identifies three constraints on cross-border investing: (1) lack of information on cross-border investment opportunities; (2) the preference of angels to invest locally; and (3) tax incentives that are only available for investments in the angel’s own country. Increasing cross-border investment requires mechanisms that build relationships between business angels in different countries.
| Original language | English |
|---|---|
| Pages (from-to) | 1391-1403 |
| Number of pages | 13 |
| Journal | Regional Studies |
| Volume | 56 |
| Issue number | 8 |
| Early online date | 2 Sep 2021 |
| DOIs | |
| Publication status | Published - Jul 2022 |
Keywords
- angel groups
- business angels
- cross-border investing
- entrepreneurial finance
- investment decision-making
- tax incentives