This research contributes to the scarce but growing literature on women angel investors. More specifically, leveraging stereotype threat theory, we investigate the role played by the social environment in shaping investing behavior across genders. This study offers a comparison between female angels from a stereotype-threat–free environment and (a) male angels, and (b) female angel investors investing in a strongly male-dominated environment.

Cohen, L., Bellavitis, C., Wirtz, P. (2025). Explaining the involvement and investment of women in business angel groups: The impact of organizational context and investment experience. Journal of Corporate Finance, 91, 16 p. https://doi.org/10.1016/j.jcorpfin.2024.102729