Angel Investors and Gender Gap: A Systematic Literature Review

Abstract:

This paper is devoted to the gender gap of angel investors in the venture and development capital market by means of an analysis and subsequent synthesis of relevant scholarly sources. The aim is to map the current level of knowledge of gender research on the decision-making of angel investors and, based on empirical data, to evaluate the influence of gender on the decision-making of angel investors in the conditions of the Czech market of start-up projects. The contribution results in a table of individual determinants of the gender gap, among which the authors of scientific sources include stereotypes, discrimination, social contact, aversion to risky activities, fear of failure and others.