There is a tension in business format franchising between, on the one hand, standardisation and uniformity and, on the other hand, geographical variations in market conditions and resource availability. Previous research has demonstrated in the case of independent small firms that local...

This Report was commissioned to identify the importance of business angel investment in the UK, summarise previous approaches to mapping the scale and scope of the business angel market, identify new approaches to measuring business angel activity and assess the implications for policy.A...

The ultimate purpose of investing in an entrepreneurial business is to achieve a financial return. Yet there is little discussion in the entrepreneurial finance literature on the exit process and only limited evidence on returns. This chapter focuses on business angels. It argues that the main...