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Acquisition of external capital at start-up stage: Differences between Swedish female- and male-owned firms
Mid Sweden University, Faculty of Human Sciences, Department of Social Sciences.
Nottingham Business School, Nottingham Trent University, Chaucer 4711, Nottingham NG1 4BU, United Kingdom.
2012 (English)In: International Journal of Entrepreneurship and Small Business, ISSN 1476-1297, E-ISSN 1741-8054, Vol. 15, no 4, p. 435-451Article in journal (Refereed) Published
Abstract [en]

This research explores differences in external capital acquisition between female- and male-owned firms at start-up stage in Sweden. The study sample is taken from a unique and large database including 836 female- and 1928 male-owned firms in 2008, giving a total of 47,022 observations. ANOVA, multinomial logistic regression, and other robust statistical tests are employed to analyse the data. The results indicate that two variables, i.e., loans from family members and government grants, are significant in distinguishing between female- and male-owned firms in terms of external start-up capital. The findings also indicate that owners' previous experience and having an additional job outside one's own business influence the use of external capital at start-up stage. Knowledge of the difference between female- and maleowned firms' use external capital at start-up stage is limited and ambiguous. The present results contribute to research into small firm financing by adding insight into the relationships between capital acquisition, gender, and other variables. Copyright © 2012 Inderscience Enterprises Ltd.

Place, publisher, year, edition, pages
2012. Vol. 15, no 4, p. 435-451
Keywords [en]
Female-owned firms, Gender, Small business finance, Sources of funding
National Category
Business Administration Social and Economic Geography
Identifiers
URN: urn:nbn:se:miun:diva-17016DOI: 10.1504/IJESB.2012.046474Scopus ID: 2-s2.0-84859574802OAI: oai:DiVA.org:miun-17016DiVA, id: diva2:552972
Note

Source: Scopus

Available from: 2012-09-17 Created: 2012-09-17 Last updated: 2017-12-07Bibliographically approved

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Yazdanfar, Darush

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CiteExportLink to record
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Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
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  • de-DE
  • en-GB
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  • nn-NB
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Output format
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