Anne de Bruin and Susan Flint‐Hartle
This paper attempts to explain the motivations of residential rental property investors in New Zealand in terms of the behavioural assumption of bounded rationality. Commencing…
Abstract
This paper attempts to explain the motivations of residential rental property investors in New Zealand in terms of the behavioural assumption of bounded rationality. Commencing with a rejection of the more standard neo‐classical economics view of rationality as an explanation of investment behaviour, the paper seeks to both examine the extent to which bounded rationality applies to the investment behaviour encountered and to elaborate on that behaviour. The discussion is underpinned by the findings of a postal survey of a large nationwide sample of private residential rental property owners, and is directly based on a study of a smaller sample of investors using in‐depth interview techniques. Qualitative analysis overlays the quantitative data, to enable better exploration of the constraints within which individual investors operate.
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Anne de Bruin and Susan Flint‐Hartle
To explore the demand and supply of private capital for successful women entrepreneurs in New Zealand. To obtain and interpret fine‐grained information in order to mitigate the…
Abstract
Purpose
To explore the demand and supply of private capital for successful women entrepreneurs in New Zealand. To obtain and interpret fine‐grained information in order to mitigate the research gap on growth finance for women‐led businesses in New Zealand.
Design/methodology/approach
Multiple approaches for data collection and analysis. Includes interviews with key decision makers in the private capital industry and an e‐mail survey of venture capitalists (supply‐side) and the narrated experiences of women entrepreneurs (demand‐side).
Findings
Quantifies the degree of women's current participation in the venture capital (VC) industry and delineates key considerations in the private capital investment decision‐making process. Confirms the absence of overt gender discrimination in the VC market but draws attention to the presence of other – some of which are more hidden – considerations which affect mobilisation of private capital by women entrepreneurs.
Research limitations/implications
Highlights that a combination of supply‐side (private capital) and demand‐side (entrepreneurs) influences, as well as country‐specific structural and policy factors, needs to be considered when seeking explanations for the lower incidence of private capital to women business owners.
Originality/value
Mitigates the large research gap on women's entrepreneurship in New Zealand and supplements the literature on the private capital and women's business nexus. Signals the importance of policy considerations in growing the role of private capital.