King's College London

Research portal

The view of angels from above: Angel governance and institutional environments

Research output: Contribution to journalArticlepeer-review

Veroniek Collewaert, Igor Filatotchev, Theodore A. Khoury

Original languageEnglish
Pages (from-to)9-24
Number of pages16
JournalAcademy of Management Perspectives
Volume35
Issue number1
DOIs
Published2021

Bibliographical note

Publisher Copyright: © 2021 Academy of Management. All rights reserved. Copyright: Copyright 2021 Elsevier B.V., All rights reserved.

King's Authors

Abstract

Compared to scholarship focused on venture capital, we know less about angel investing and, in particular, less about how angels operate across institutional environments. Given the importance of angels within early-stage entrepreneurial investment growing globally, the field of angel governance is poised for further investigation. Thus, in this paper, we begin the conversation on angels and institutions and provide a framework for studying the post-investment governance role taken by angels amid institutional variation. First, we provide a review of the research conducted on angel-centered corporate governance. We then explore how the regulative, normative, and culturalcognitive institutional domains may influence angel governance arrangements. Within these domains, we isolate how the extent, frequency, and mode of angel engagement with the target venture can be shaped by the institutional environment.

View graph of relations

© 2020 King's College London | Strand | London WC2R 2LS | England | United Kingdom | Tel +44 (0)20 7836 5454