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Measuring the Costs and Coverage of SME and Entrepreneurship Policy: A Pioneering Study

Author

Listed:
  • Anders Lundström
  • Peter Vikström
  • Matthias Fink
  • Miguel Meuleman*
  • PaweÅ‚ GÅ‚odek
  • David Storey
  • Andreas KroksgÃ¥rd

Abstract

This paper documents a methodology used to assess, for the first time, the costs to the taxpayer of small and medium enterprise (SME) and entrepreneurship policy in Sweden. It then uses that data to compare the resulting expenditure patterns with the focus of policy as expressed by experts. It finds important areas where the two diverge, implying a possible mismatch between expenditure priorities and political rhetoric. This approach is then extended beyond Sweden to include Poland, Austria, and the Flanders region of Belgium to demonstrate the application of the approach to other countries and regions.

Suggested Citation

  • Anders Lundström & Peter Vikström & Matthias Fink & Miguel Meuleman* & PaweÅ‚ GÅ‚odek & David Storey & Andreas KroksgÃ¥rd, 2014. "Measuring the Costs and Coverage of SME and Entrepreneurship Policy: A Pioneering Study," Entrepreneurship Theory and Practice, , vol. 38(4), pages 941-957, July.
    • Handle: RePEc:sae:entthe:v:38:y:2014:i:4:p:941-957
    DOI: 10.1111/etap.12037
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    References listed on IDEAS

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    1. Salvatore Zecchini & Marco Ventura, 2009. "The impact of public guarantees on credit to SMEs," Small Business Economics, Springer, vol. 32(2), pages 191-206, February.
    2. Robert Blackburn & Monder Ram, 2006. "Fix or fixation? The contributions and limitations of entrepreneurship and small firms to combating social exclusion," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 18(1), pages 73-89, January.
    3. Anders Lundström & Lois A. Stevenson, 2005. "Entrepreneurship Policy: Theory and Practice," International Studies in Entrepreneurship, Springer, number 978-0-387-24202-6, December.
    4. Rotger, Gabriel Pons & Gørtz, Mette & Storey, David J., 2012. "Assessing the effectiveness of guided preparation for new venture creation and performance: Theory and practice," Journal of Business Venturing, Elsevier, vol. 27(4), pages 506-521.
    5. Paul Reynolds, 2009. "Screening item effects in estimating the prevalence of nascent entrepreneurs," Small Business Economics, Springer, vol. 33(2), pages 151-163, August.
    6. Susan Marlow & Dean Patton, 2005. "All Credit to Men? Entrepreneurship, Finance, and Gender," Entrepreneurship Theory and Practice, , vol. 29(6), pages 717-735, November.
    7. Li Xiao, 2011. "Financing high-tech SMEs in China: A three-stage model of business development," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 23(3-4), pages 217-234, April.
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    Citations

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    Cited by:

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    2. Coad, Alex & Karlsson, Johan, 2022. "A field guide for gazelle hunters: Small, old firms are unlikely to become high-growth firms," Journal of Business Venturing Insights, Elsevier, vol. 17(C).
    3. Georgios Fotopoulos & David J. Storey, 2019. "Public policies to enhance regional entrepreneurship: another programme failing to deliver?," Small Business Economics, Springer, vol. 53(1), pages 189-209, June.
    4. Robert Wapshott & Oliver Mallett, 2018. "Small and medium-sized enterprise policy: Designed to fail?," Environment and Planning C, , vol. 36(4), pages 750-772, June.
    5. Harrison, Richard T., 2022. "“Pennies from heaven”? Market failure, circuits of capital and policy support for business angels: The case of cross-border angel investment," Journal of Business Venturing Insights, Elsevier, vol. 17(C).
    6. Moro, Andrea & Maresch, Daniela & Fink, Matthias & Ferrando, Annalisa & Piga, Claudio, 2020. "Spillover effects of government initiatives fostering entrepreneurship on the access to bank credit for entrepreneurial firms in Europe," Journal of Corporate Finance, Elsevier, vol. 62(C).

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