The firm level impacts of local public funding to microenterprises

Martti Saarela, Harri Jokela, Eija Riitta Niinikoski, Matti Muhos, Pekka Leviäkangas

Research output: Contribution to journalArticleScientificpeer-review

1 Citation (Scopus)

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.

Original languageEnglish
Pages (from-to)299-313
Number of pages15
JournalInternational Journal of Innovation and Learning
Volume19
Issue number3
DOIs
Publication statusPublished - 2016
MoE publication typeNot Eligible

Fingerprint

local public
entrepreneur
funding
firm
entrepreneurship
subsidy
Industry
interview
Finland
public sector
efficiency
lack
market
resources
Entrepreneurs
Public funding
Micro-enterprises
Group
Funding
Subsidies

Keywords

  • Business advisory service
  • Business subsidy
  • LAG
  • Local action group
  • Microenterprise
  • Sparsely populated area

Cite this

Saarela, Martti ; Jokela, Harri ; Niinikoski, Eija Riitta ; Muhos, Matti ; Leviäkangas, Pekka. / The firm level impacts of local public funding to microenterprises. In: International Journal of Innovation and Learning. 2016 ; Vol. 19, No. 3. pp. 299-313.
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The firm level impacts of local public funding to microenterprises. / Saarela, Martti; Jokela, Harri; Niinikoski, Eija Riitta; Muhos, Matti; Leviäkangas, Pekka.

In: International Journal of Innovation and Learning, Vol. 19, No. 3, 2016, p. 299-313.

Research output: Contribution to journalArticleScientificpeer-review

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