TR
BUSINESS ANGELS IN TURKEY: THEIR EMERGENCE AND DEVELOPMENT
Öz
This paper aims to contribute to the entrepreneurship literature through analyzing how business angels were born (initial phase, legal definitions, qualifications, incentives for business angels and their conditions) and how it was developed (quantitative and of qualitative changes based on licenced angel investor numbers, their educational level, professions, age distribution and reasons for being an investor) in Turkey. While this paper academicaly broaden the literature, it also shed lights on three major topic recommendations for more comprehensive further studies: (i) the reasons lying behind the dramatic decrease since 2016 in the increasing rate of the licenced business angels, (ii) Functionality of incentives and support mechanisms offered to licenced angel investors as defined in primary and secondary legal regulations, and (iii) More detailed profiles of angel investors in Turkey
Anahtar Kelimeler
References
- BENJAMIN, G.A and K. MAGULIS. The Angel Investor’s Handbook, Bloomberg Press, Princeton 2001.
- EDERMAN, L. F, MANALOVA T.S. and BROSUH C.G. “Angel Investing: A Literature Review. Foundations and Trends, in Entrepreneurship, vol. 13, no. 4-5, pp. 265–439, 2017.
- ETOHUM webpage, https://www.etohum.com/blog-tr/etohum-nedir/
- "From the Ministry of Finance and Undersecretariat of Treasury: Communiqué on Individual Participation Investor Discount", Official Gazette dated 21/08/2013 and numbered 28742.
- GALATA BUSINESS ANGELS webpage, www.galatabusinessangels.com
- HÜRRİYET. “İş Meleği Olurken Azrail’e Dönüşmeyin”, November 11, 2011. Retrived from https://www.hurriyet.com.tr/ekonomi/is-melegi-olurken-azrail-e-donusmeyin-19490257
- Income Tax Law. Provisional Article 82, Law No: 193, Date of Acceptance: 13/06/2012
- Individual Participation Capital (Business Angels) Reports of the Ministry of Treasury and Finance. 2013-2014-2015-2016-2017-2018 and 2019.
Details
Primary Language
English
Subjects
-
Journal Section
Review
Authors
Publication Date
June 19, 2020
Submission Date
May 25, 2020
Acceptance Date
June 18, 2020
Published in Issue
Year 1970 Volume: 44 Number: 1