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The Adequacy of Capital Markets for Rural Nonfarm Businesses

Author

Listed:
  • Glenn Rogers

    (University of Wisconsin-Madison)

  • Ron Shaffer

    (University of Wisconsin-Madison)

  • Glen Pulver

    (University of Wisconsin-Madison)

Abstract

The recent farm crisis has increased awareness of nonfarm businesses' contribution to future economic development in rural areas. Rural area residents increasingly depend on employment off the farm. A crucial determinant of rural nonfarm businesses growth is the adequacy of local capital markets. This study recognizes it is impossible to precisely measure capital market adequacy for rural nonfarm businesses. Instead the work measures the relative difficulty in acquiring capital for firms of varying types after attempting to account for major risk indicators. In this study, a capital market is considered inadequate if businesses have difficulty obtaining funds because of non-risk reasons.

Suggested Citation

  • Glenn Rogers & Ron Shaffer & Glen Pulver, 1990. "The Adequacy of Capital Markets for Rural Nonfarm Businesses," The Review of Regional Studies, Southern Regional Science Association, vol. 20(3), pages 23-32, Fall.
    • Handle: RePEc:rre:publsh:v20:y:1990:i:3:p:23-32
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    References listed on IDEAS

    as
    1. Glen Rogers & Ron Schaffer & Glen Pulver, 1988. "Identification of Local Capital Markets for Policy Research," The Review of Regional Studies, Southern Regional Science Association, vol. 18(1), pages 55-66, Winter.
    2. Edwin B. George & Robert J. Landry, 1959. "The Federal Reserve Board Report on Small-Business Financing," The Journal of Business, University of Chicago Press, vol. 32, pages 212-212.
    3. Glen C. Pulver & Ronald J. Hustedde, 1988. "Regional Variables that Influence the Allocation of Venture Capital: The Role of Banks," The Review of Regional Studies, Southern Regional Science Association, vol. 18(2), pages 1-9, Spring.
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    Cited by:

    1. Devaney, Mike & Weber, Bill, 1995. "Local characteristics, contestability, and the dynamic structure of rural banking: A market study," The Quarterly Review of Economics and Finance, Elsevier, vol. 35(3), pages 271-287.

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