This paper tests the tenets of institutional theory by means of an empirical study of the contractual strategies applied in the Swedish venture capital industry. Venture capitalists differ in, for example, their preferences for early or later stage investments. Some have more experience than...

<title/> The purpose of this paper is to describe venture capitalists' responses to psychological contract violations in their relationship to entrepreneurs. In particular, the authors seek to establish a link between the characteristics of a psychological contract violation and the venture capitalist's...

The focus of this paper is on the role of experience in situations where venture capital contracts are drafted and applied. Based on a study of 78 Nordic venture capitalists, it was found that investors with venture capital and business experience include more protective clauses in venture...

<title>Abstract</title> The Swedish business angel market of 2004 is presented and compared to that of 1992 in order to determine the significance of the time factor. The presentation is carried out against the background of the macroeconomic changes that have taken place and how they have affected the...

<title/> Informal investors have proved to be highly valuable for the growth of the firms in which they have invested. Therefore, it is important to understand what motivates potential informal investors to make their initial investment as well as how already active investors develop their...

Early research on business angels recognized a couple of methodological obstacles that significantly have hindered knowledge accumulation about the phenomenon. In this article we will reflect upon these methodological obstacles with focus on definitional issues and sampling techniques. The...