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Keywords: Private benefit
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Journal Articles
Studies in Economics and Finance (2021) 38 (1): 126–148.
Published: 11 January 2021
... and the entrepreneur. The simulation results show that the continued investment by the entrepreneur and the private benefit acquired by the angel investor have a more profoundly negative influence on the angel investor’s share of the exit value of the start-up company. Moreover, the market search structure represented...

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