Measuring the construct of "business angel's involvement" can be challenging, as it involves assessing a range of different activities and behaviors that an angel investor might engage in. However, here are a few possible methods that could be used to measure this construct:

Iouri Kotorov

Good evening, thank you very much for your informative and interesting answer. Indeed, to understand the notion of business angel involvement, I have identified four dimensions in the literature: strategic involvement, resource acquisition, supervision/control and mentoring. However, to operationalize these four dimensions and conduct a quantitative study, I have not found satisfactory measures in the specific field of business angels. However, several measures of investor involvement exist in the venture capital literature. Can I then transfer the measures of venture capitalist involvement to business angel involvement? Sincerely.

It's not always straightforward to transfer measures of venture capitalist (VC) involvement to business angel (BA) involvement, as these two types of investors have different investment strategies, preferences, and levels of involvement in the businesses they invest in.

That being said, some measures of VC involvement may also be applicable to BAs. For example, you could look at the amount of funding provided by BAs and compare it to the amount provided by VCs. You could also compare the number of investments made by BAs and VCs or look at the average size of investments made by each group.

However, it's important to keep in mind that BAs and VCs differ in their investment approach and objectives. BAs typically invest smaller amounts of money at earlier stages of a business, whereas VCs often invest larger amounts of money at later stages. BAs may also provide more hands-on mentoring and support to the businesses they invest in, while VCs often have more resources to help with scaling and growth.

Therefore, while some measures of VC involvement may be relevant to BAs, it's important to consider the unique characteristics of each type of investor when comparing their involvement in a business.

Thank you very much.