University of Oulu

Saarela, M., Jokela, H., Niinikoski, E., Muhos, M., Leviäkangas, P. (2016) The firm level impacts of local public funding to microenterprises. International Journal of Innovation and Learning, 19 (3), 299-313. DOI: 10.1504/IJIL.2016.075656

The firm level impacts of local public funding to microenterprises

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Author: Saarela, Martti1; Jokela, Harri1; Niinikoski, Eija-Riitta1;
Organizations: 1Oulu Southern Institute, University of Oulu, Pajatie 5, 85500 Nivala, Finland
2Industrial Engineering and Management University of Oulu, PO Box 4610 90014 University of Oulu Finland
Format: article
Version: accepted version
Access: open
Online Access: PDF Full Text (PDF, 0.3 MB)
Persistent link: http://urn.fi/urn:nbn:fi-fe201705156408
Language: English
Published: Inderscience Enterprises, 2016
Publish Date: 2017-05-15
Description:

Abstract

In Europe, the public sector allocates a significant amount of resources to entrepreneurship support through subsidies and public advisory services. Typically, public entrepreneurship support is provided without any expectation of direct returns. However, there is a lack of information about the efficiency and effectiveness of these actions. Entrepreneurs in northern sparsely populated areas face context-specific challenges as they operate in the market. The purpose of this study is to investigate the impacts of local action group funding to microenterprises in a northern sparsely populated area. This is a retrospective, single-case study focusing on a sparsely populated area in Northern Finland. The study is based on 25 semi-structured enterprise interviews. Multiple perspectives are analysed in the interviews. This study investigates what the influence was of public local rural financial support from microenterprise entrepreneurs’ perspectives. As a result of this case study, the role of public business advisory services for the entrepreneurs in local rural funding process is also clarified. Results can contribute to the effectiveness of public business subsidies, improving the processes to correspond more effectively to case-specific needs of microenterprises.

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Series: International journal of innovation and learning
ISSN: 1471-8197
ISSN-E: 1741-8089
ISSN-L: 1471-8197
Volume: 19
Issue: 3
Pages: 299 - 313
DOI: 10.1504/IJIL.2016.075656
OADOI: https://oadoi.org/10.1504/IJIL.2016.075656
Type of Publication: A1 Journal article – refereed
Field of Science: 222 Other engineering and technologies
Subjects:
LAG
Copyright information: Copyright © 2016 Inderscience Enterprises Ltd. Published in this repository with the kind permission of the publisher.