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Financing entrepreneurship in different regions: The failure to decentralize financing to regional centers
Centre for Banking and Finance, The Royal Institute of Technology, Stockholm, Sweden.
2010 (English)In: Journal of Small Business and Enterprise Development, ISSN 1462-6004, E-ISSN 1758-7840, Vol. 17, no 2, p. 230-246Article in journal (Refereed) Published
Abstract [en]

Purpose – The purpose of the paper is to analyse the financial search behaviour of small and medium‐sized enterprises (SMEs) in different regions and the perceived importance of different external financiers for these firms.

Design/methodology/approach – A postal survey targeting the chief executive officers (CEOs) of 459 SMEs was distributed in different regions of Sweden.

Findings – Large differences exist in the financial search behaviour exhibited by firms in the four different types of regions. In the metropolitan areas, firms are more active in searching for new owners, especially professional investors. In smaller municipalities, banks dominate as the most important financier.

Research limitations/implications – The study might not be generalised for other settings because it was carried out in Sweden. Furthermore, the regional types used might cause some concern as to whether the findings can be generalised.

Practical implications – The study provides evidence that policies need to be tailor‐made for different regions because the predominant type of financier differs greatly between regions. The findings also emphasise the need for policymakers to focus on equity gap issues in regional centres.

Originality/value – The paper fulfils an important role in elaborating on the use and importance of different types of financing in various regions.

Place, publisher, year, edition, pages
Emerald Group Publishing Limited, 2010. Vol. 17, no 2, p. 230-246
Keywords [en]
Financing, Geographic regions, Small to medium‐sized enterprises, Equity capital, Loans, Sweden
National Category
Business Administration
Identifiers
URN: urn:nbn:se:umu:diva-122315DOI: 10.1108/14626001011041238OAI: oai:DiVA.org:umu-122315DiVA, id: diva2:938276
Available from: 2016-06-16 Created: 2016-06-16 Last updated: 2019-01-31Bibliographically approved

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Silver, Lars

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CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf