KTH/CESIS Working Paper Series in Economics and Institutions of Innovation
Access to financial intermediaries and external capital acquisition
() and Tina Wallin
Abstract: We examine whether low access to financial intermediaries
works as an obstacle acquiring financial capital for Swedish firms by using
information from the Community Innovation Survey indicating whether firms
perceive the acquisition of external capital to be difficult. This
perception is explained by the distance to the firms’ nearest financial
intermediaries and their total local supply. The results indicate that the
distance to banks is related to a larger problem of obtaining external
financial capital in rural areas.
Keywords: financial capital; bank offices; geographical distance; Community Innovation Survey; (follow links to similar papers)
JEL-Codes: D53; G21; G23; L25; O31; (follow links to similar papers)
26 pages, April 6, 2017
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