Scandinavian Working Papers in Economics
Working Paper Series,
Royal Institute of Technology, Department of Real Estate and Construction Management & Banking and Finance
No 19/8: Accessibility of bank branches and new firm formation in Sweden
Cynthia Sin Tian Ho () and Mats Wilhelmsson ()
Additional contact information
Cynthia Sin Tian Ho: Department of Real Estate and Construction Management, Royal Institute of Technology, Postal: Division of Banking and Finance, Teknikringen 10B, 100 44 Stockholm, Sweden
Mats Wilhelmsson: Department of Real Estate and Construction Management, Royal Institute of Technology, Postal: Division of Building and Real Estate Economics, Teknikringen 10B, 100 44 Stockholm, Sweden
Abstract: Drawing on location theory, the local relationships between new firm formation and its determinants are explored in 290 municipalities across Sweden. From the robust geographically weighted regression (GWR) models, mostly positive relationships with new firm formation are shown for firm density, human capital level, industry diversification level and percentage of immigrants living in the area. In contrast, mostly negative relationships are shown for weighted mean distance to the nearest bank branches, establishment size, unemployment rate, industry specialization. Spatially constrained multivariate clustering is also applied to group municipalities with similar conditions. Patterns in the industry composition and the location attributes are then analysed for each cluster.
Keywords: GWR; new firm formation; entrepreneurship; Sweden
52 pages, November 14, 2019
Full text files
record.jsf?pid=diva2:1370148Full text
- Royal Institute of Technology, Department of Real Estate and Construction Management & Banking and Finance
- Home page for this series
Questions (including download problems) about the papers in this series should be directed to Cecilia Hermansson ()
Report other problems with accessing this service to Sune Karlsson ().
RePEc:hhs:kthrec:2019_008This page generated on 2024-09-13 22:15:59.