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Gender as a determinant of informal capital in the financing of small firms' start-ups: Swedish data
Mid Sweden University, Faculty of Human Sciences, Department of Tourism Studies and Geography.
Mid Sweden University, Faculty of Human Sciences, Department of Business, Economics and Law.
2015 (English)In: International Journal of Entrepreneurship and Small Business, ISSN 1476-1297, E-ISSN 1741-8054, Vol. 24, no 2, p. 249-267Article in journal, Meeting abstract (Refereed) Published
Abstract [en]

This research explores the differences in informal capital acquisition between female- and male-owned firms in the start-up stage in Sweden. A binary logistic regression model is used to analyse a sample including 836 female- and 1928 male-owned firms in 2008, providing 47,022 observations. The results indicate that the main explanatory variable, gender, is significant in distinguishing between female- and male-owned firms with regards to the use of informal capital in terms of loans from family members. Thus, female-owned firms tend to rely more on loans from family members than male-owned firms. The findings also indicate that one control variable, namely owners previous experience of starting up a company, negatively influences the use of loans from family members as a financing source in the start-up stage. This study is based on a unique and large sample including many different variables compared with previous research. Knowledge on the differences between Swedish female- and male-owned firms in using informal capital in the start-up stage is limited and ambiguous. The presented results contribute to research into small firm financing by adding insight into the relationships between informal capital acquisition, gender, and other relevant variables.

Place, publisher, year, edition, pages
Switzerland: InderScience Publishers, 2015. Vol. 24, no 2, p. 249-267
Keywords [en]
Female-owned firms, Small business finance, Source of funding, Gender
National Category
Economics and Business Social and Economic Geography
Identifiers
URN: urn:nbn:se:miun:diva-22660DOI: 10.1504/IJESB.2015.067290Scopus ID: 2-s2.0-84961290817Local ID: ETOUROAI: oai:DiVA.org:miun-22660DiVA, id: diva2:740282
Available from: 2014-08-24 Created: 2014-08-24 Last updated: 2017-07-04Bibliographically approved

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Abbasian, SaeidYazdanfar, Darush

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Abbasian, SaeidYazdanfar, Darush
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Department of Tourism Studies and GeographyDepartment of Business, Economics and Law
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International Journal of Entrepreneurship and Small Business
Economics and BusinessSocial and Economic Geography

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CiteExportLink to record
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Citation style
  • apa
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  • vancouver
  • Other style
More styles
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  • de-DE
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