Venture Capital and Business Ethics

With the growing importance of ethicality in investment decisions, a natural question becomes whether the ethicality of business proposals influences entrepreneurs' chances of securing financing for their ventures. While it is considered that the fundamentals of the business proposal and entrepreneurial experience are key factors in investors' investment decisions, it is starting to emerge that other factors also influence whether entrepreneurs are able to secure financing. In this project, we aimed to study the interaction between in-group bias and ethicality, focusing on the interaction between the ethicality/unethicality of business ventures proposed by entrepreneurs and in-group bias shown by investors towards entrepreneurs of the same in-group.