We demonstrate how angel investors’ emotions can complement their rational considerations in the investment opportunity evaluation process as they interact with the social environment. Identifying boundary values for the conditions that are necessary and sufficient to advance in the process, we have demonstrated how emotion can serve as a driving or restraining force not only during subjective validation but also during social validation.
Snellman, K. and Cacciotti, G. (2019), "The Role of Angel Investors’ Emotions in Socially Situated Investment Opportunity Evaluations", Emotions and Leadership (Research on Emotion in Organizations, Vol. 15), Emerald Publishing Limited, Bingley, pp. 179-207. https://doi.org/10.1108/S1746-979120190000015013
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