Angel investors' political ideology and investments in women-owned ventures
To understand the ethical issue of gender inequality in entrepreneurial financing, we examine the effect of angel investors' political ideology, the conservatism-liberalism continuum, on their investments in women-owned ventures. We propose that more conservative angel investors tend to have a...
| Authors: | ; ; |
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| Format: | Electronic Article |
| Language: | English |
| Check availability: | HBZ Gateway |
| Journals Online & Print: | Drawer...
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| Fernleihe: | Fernleihe für die Fachinformationsdienste |
| Published: |
Springer
2023
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| In: |
Journal of business ethics
Year: 2023, Volume: 188, Issue: 2, Pages: 379-396 |
| Further subjects: | B
Ethics
B Entrepreneurial financing B Women-owned ventures B Aufsatz in Zeitschrift B Political Ideology B Angel investors B gender inequality |
| Online Access: |
Volltext (lizenzpflichtig) Volltext (lizenzpflichtig) |
| Summary: | To understand the ethical issue of gender inequality in entrepreneurial financing, we examine the effect of angel investors' political ideology, the conservatism-liberalism continuum, on their investments in women-owned ventures. We propose that more conservative angel investors tend to have a lower percentage of investments in women-owned ventures in their portfolios. Moreover, drawing on the gender role congruity theory, we show that when investing in women-owned ventures, more conservative angels favor women-owned ventures with a higher percentage of male co-founders and operating in women-dominated industries. Our analysis, based on a longitudinal sample of 172 angels from 2010 to 2019, supports these hypotheses. Our study contributes to the literature by highlighting angel political ideology as a critical antecedent of the gender disparity in entrepreneurial financing. |
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| ISSN: | 1573-0697 |
| Contains: | Enthalten in: Journal of business ethics
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| Persistent identifiers: | DOI: 10.1007/s10551-022-05302-y |