() and Tina Wallin
Mikaela Backman: Centre for Entrepreneurship and Spatial Economics (CEnSE), Jönköping International Business School, Sweden
Tina Wallin: Centre for Entrepreneurship and Spatial Economics (CEnSE), Jönköping International Business School, Sweden
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.
26 pages, April 6, 2017
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