Exploring a low SME equity equilibrium in Wales

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Exploring a low SME equity equilibrium in Wales. / Kapitsinis, Nikos; Munday, Max; Roberts, Annette.

I: European Planning Studies, Bind 29, Nr. 10, 2021, s. 1777-1797.

Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt

Harvard

Kapitsinis, N, Munday, M & Roberts, A 2021, 'Exploring a low SME equity equilibrium in Wales', European Planning Studies, bind 29, nr. 10, s. 1777-1797. https://doi.org/10.1080/09654313.2021.1882945

APA

Kapitsinis, N., Munday, M., & Roberts, A. (2021). Exploring a low SME equity equilibrium in Wales. European Planning Studies, 29(10), 1777-1797. https://doi.org/10.1080/09654313.2021.1882945

Vancouver

Kapitsinis N, Munday M, Roberts A. Exploring a low SME equity equilibrium in Wales. European Planning Studies. 2021;29(10):1777-1797. https://doi.org/10.1080/09654313.2021.1882945

Author

Kapitsinis, Nikos ; Munday, Max ; Roberts, Annette. / Exploring a low SME equity equilibrium in Wales. I: European Planning Studies. 2021 ; Bind 29, Nr. 10. s. 1777-1797.

Bibtex

@article{7b90831646274ab6abc31dd48f2f7265,
title = "Exploring a low SME equity equilibrium in Wales",
abstract = "Previous research has examined geographical variations in SME access to external finance, especially bank loans. Rather less attention has been paid to how far SME equity access difficulties in more peripheral regions, and cities within these regions, is a demand or supply side issue, and how far equity investments are concentrated in specific urban areas in peripheral regions. This paper examines these topics through an analysis of small firm equity deals across the UK regions, before focusing on the case of the Welsh economy. In the case analysis a low equilibrium for small business equity investment in Wales is identified, with low demand and poor supply of equity, but with a relatively high concentration of equity deals in the Cardiff urban area. The paper examines the potential implications of a low equity equilibrium and provides a challenge for further research in the area.",
keywords = "Financial geography, low equity equilibrium, regional equity finance, SMEs, Wales",
author = "Nikos Kapitsinis and Max Munday and Annette Roberts",
note = "Funding Information: This work was supported by Development Bank of Wales. Publisher Copyright: {\textcopyright} 2021 Informa UK Limited, trading as Taylor & Francis Group.",
year = "2021",
doi = "10.1080/09654313.2021.1882945",
language = "English",
volume = "29",
pages = "1777--1797",
journal = "European Planning Studies",
issn = "0965-4313",
publisher = "Routledge",
number = "10",

}

RIS

TY - JOUR

T1 - Exploring a low SME equity equilibrium in Wales

AU - Kapitsinis, Nikos

AU - Munday, Max

AU - Roberts, Annette

N1 - Funding Information: This work was supported by Development Bank of Wales. Publisher Copyright: © 2021 Informa UK Limited, trading as Taylor & Francis Group.

PY - 2021

Y1 - 2021

N2 - Previous research has examined geographical variations in SME access to external finance, especially bank loans. Rather less attention has been paid to how far SME equity access difficulties in more peripheral regions, and cities within these regions, is a demand or supply side issue, and how far equity investments are concentrated in specific urban areas in peripheral regions. This paper examines these topics through an analysis of small firm equity deals across the UK regions, before focusing on the case of the Welsh economy. In the case analysis a low equilibrium for small business equity investment in Wales is identified, with low demand and poor supply of equity, but with a relatively high concentration of equity deals in the Cardiff urban area. The paper examines the potential implications of a low equity equilibrium and provides a challenge for further research in the area.

AB - Previous research has examined geographical variations in SME access to external finance, especially bank loans. Rather less attention has been paid to how far SME equity access difficulties in more peripheral regions, and cities within these regions, is a demand or supply side issue, and how far equity investments are concentrated in specific urban areas in peripheral regions. This paper examines these topics through an analysis of small firm equity deals across the UK regions, before focusing on the case of the Welsh economy. In the case analysis a low equilibrium for small business equity investment in Wales is identified, with low demand and poor supply of equity, but with a relatively high concentration of equity deals in the Cardiff urban area. The paper examines the potential implications of a low equity equilibrium and provides a challenge for further research in the area.

KW - Financial geography

KW - low equity equilibrium

KW - regional equity finance

KW - SMEs

KW - Wales

U2 - 10.1080/09654313.2021.1882945

DO - 10.1080/09654313.2021.1882945

M3 - Journal article

AN - SCOPUS:85100740098

VL - 29

SP - 1777

EP - 1797

JO - European Planning Studies

JF - European Planning Studies

SN - 0965-4313

IS - 10

ER -

ID: 291678261