Rural Small Business Finance - Evidence from the 1998 Survey of Small Business Finances
No 132517, 2003 Regional Committee NCT-194, October 6-7, 2003; Kansas City, Missouri from Regional Research Committee NC-1014: Agricultural and Rural Finance Markets in Transition
The 1998 Survey of Small Business Finances provides robust information on the financing of small businesses including an overview of their firm’s organization, financial characteristics, and credit use. Information from the survey is used in this study to compare the financial characteristics of metro and rural small businesses. While many financial characteristics are similar, rural small businesses do own more land and depreciable assets, and have lower inventory and other current assets when compared with urban firms. Rural firms have relatively similar access to technology and financial services, although utilization varies. Both metro and rural small businesses rely on a wide variety of sources for financing, although rural small businesses have significantly more mortgages, loans from shareholders, and other types of loans, but fewer credit cards. Nonparametric rank order statistical methods were required because normality assumptions were violated due to asymmetric distribution of small firms.
Keywords: Community/Rural/Urban Development; Financial Economics (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
Working Paper: RURAL SMALL BUSINESS FINANCE: EVIDENCE FROM THE 1998 SURVEY OF SMALL BUSINESS FINANCES (2003)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ags:nc2003:132517
Access Statistics for this paper
More papers in 2003 Regional Committee NCT-194, October 6-7, 2003; Kansas City, Missouri from Regional Research Committee NC-1014: Agricultural and Rural Finance Markets in Transition Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().