Accessibility of bank branches and new firm formation in Sweden

Cynthia Sin Tian Ho () and Mats Wilhelmsson
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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

No 19/8, Working Paper Series from Royal Institute of Technology, Department of Real Estate and Construction Management & Banking and Finance

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 (search for similar items in EconPapers)
JEL-codes: C31 G21 M13 R50 (search for similar items in EconPapers)
Pages: 52 pages
Date: 2019-11-14
New Economics Papers: this item is included in nep-cfn, nep-ent, nep-eur, nep-geo, nep-sbm and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:hhs:kthrec:2019_008

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