Small Firm Financing in Sweden, 1960–95

This article analyses the financial environment facing small firms in Sweden, 1960–95. The Swedish approach to small firms makes no clear distinction between the functions of non-market and market organisations or between private and public lenders. Their typical financial contracts are essentially similar: open-ended and based on commercial considerations. The long-standing commitment which is observed from both types of creditors implies a continuous exchange of information, carried in the form of regional business networks. The two types of organisations share risks in the financing of new projects, and the role of bank credit as a signal when applying for public credit reinforces the perception of a business network in which private and public organisations collaborate. This stresses the importance of analysing venture capitalists as an entity rather than as isolated actors. A triad relationship between firms, public and private lenders distinguishes the Swedish case. The mixture of state-based and market-based finance has a long tradition related to the Swedish model of a mixed economy

Business · Creditor · Debt · Economics · Market economy · State (computer science · Corporate Finance and Governance · Finance · Innovation Policy and RD · Italy: Economic History and Contemporary Issues

• National institutions, regional outcomes. The political economy of post-war Swedish regional policy

  Open Access•Martin Eriksson, Lena Andersson-Skog et al.•Business History•2021

  Añadir item

• Being unbusinesslike. Financing strategy at the Great Exhibition

  Open Access•Stephen P Walker•Business History•2025

  Añadir item