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Purpose The purpose of this paper is to examine the literature on angel investors. Research on angel investors is sparse because data are sparse. Most comprehensive studies of angel investors have focused on the USA and UK. In these studies, definitions of angel investors and estimates of...
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The total volume of wagering on horse racing is important because it affects both racetrack and state revenues. This paper uses both daily data and data from individual races to explore the influence of a particular government subsidy, the sire stakes, on the racing industry. Previous work using...
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