The DOI matches its Crossref record; 3 of the 3 references it cites were found in a registry or an index.
Prediction and control under uncertainty: Outcomes in angel investing
Abstract
Venture investing plays an important role in entrepreneurship not only because financial resources are important to new ventures, but also because early investors help shape the ventures' managerial and strategic destiny. In this study of 121 angel investors who had made 1038 new venture investments, we empirically investigate angel investors' differential use of predictive versus non-predictive control strategies. We show how the use of these strategies affects the outcomes of angel investors. Results show that angels who emphasize prediction make significantly larger venture investments, while those who emphasize non-predictive control experience a reduction in investment failures without a reduction in their number of successes.
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Citations
Cites
Understanding dynamic capabilities
Winter, S. G. (2003) · Strategic Management Journal · doi:10.1002/smj.318 · Cited by 5,315
Toward a Model of Venture Capital Investment Decision Making
Fried, V. H., & Hisrich, R. D. (1994) · Financial Management · doi:10.2307/3665619 · Cited by 712
Angel investors and the market for angel investments
Prowse, S. (1998) · Journal of Banking & Finance · doi:10.1016/s0378-4266(98)00044-2 · Cited by 197
Cited by
Drover, W., Busenitz, L., Matusik, S., Townsend, D., Anglin, A., & Dushnitsky, G. (2017) · Journal of Management · doi:10.1177/0149206317690584 · Cited by 629
Prediction- and Control-Based Strategies in Entrepreneurship: The Role of Information
Kuechle, G., Boulu-Reshef, B., & Carr, S. (2016) · HAL (Le Centre pour la Communication Scientifique Directe) · doi:10.1002/sej · Cited by 513
Business angel early stage decision making
Maxwell, A. L., Jeffrey, S. A., & Lévesque, M. (2011) · Journal of Business Venturing · doi:10.1016/j.jbusvent.2009.09.002 · Cited by 511
Reymen, I. M. M. J., Andries, P., Berends, H., Mauer, R., Stephan, U., & van Burg, E. (2015) · Strategic Entrepreneurship Journal · doi:10.1002/sej.1201 · Cited by 419
Mitteness, C., Sudek, R., & Cardon, M. S. (2012) · Journal of Business Venturing · doi:10.1016/j.jbusvent.2011.11.003 · Cited by 330
Metadata
- Authors
- Wiltbank, R., Read, S., Dew, N., & Sarasvathy, S. D.
- Venue
- Journal of Business Venturing
- Publisher
- Elsevier BV
- Published
- 2009-03
- Volume
- 24
- Issue
- 2
- Pages
- 116-133
- ISSN
- 0883-9026 (ISSN-L)
- OpenAlex
- W1995074702
- Cited by
- 426
- References
- 3
- FWCI
- 30.71
- Type
- journal article
- Language
- en
- Open access
- closed
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- Wiltbank, R., Read, S., Dew, N., & Sarasvathy, S. D. (2009). Prediction and control under uncertainty: Outcomes in angel investing. Journal of Business Venturing. https://doi.org/10.1016/j.jbusvent.2007.11.004
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
