Finansieringsstrategier i gasellföretag: En kvalitativ studie om finansieringens strategiska utformning för att uppnå tillväxt
Independent thesis Advanced level (professional degree), 20 credits / 30 HE creditsStudent thesis
For companies to be able to grow they need capital and resources. Financing is today challenging for many small companies, which inhibits their potential growth. Companies that have achieved growth and consequently succeeded with their financing are among others gazelle companies. Since 2000 the newspaper Dagens industri dispense a yearly award to those companies that shows the highest growth in Sweden. An important aspect that can affect companies and their financing strategy is their resource requirement and the resources that the company has at its disposal. The purpose of this study is from a resource perspective create an understanding of financing strategies in gazelle companies. This by describing financing strategies that gazelle companies can apply and identify underlying factors for chosen financing strategies. To address the purpose of the study a qualitative method was used were twelve semi-structured interviews were carried out on service based gazelle companies throughout Sweden. The results of the study indicate that there are strong connections between companies resources and their financing strategy. The study found support for the pecking order theory, however this study demonstrated that the cost of capital when choosing source of financing was not the determining factor. Instead, the determining factor for choice of financing in this study was found to be the control and ownership of the company. Finally this study displayed that less capital-intensive companies to a greater extent seem to use bootstrapping methods compared to capital-intensive companies.
Place, publisher, year, edition, pages
2015. , 50 p.
Social Behaviour Law, Financing strategies, pecking order theory, gazelle companies, resources, resource-based view, bootstrapping, small companies, growth
Samhälls-, beteendevetenskap, juridik, Finansieringsstrategier, pecking order-teori, gasellföretag, resurser, resursbaserad teori, bootstrapping, småföretag, tillväxt
IdentifiersURN: urn:nbn:se:ltu:diva-49695Local ID: 7026a8a2-1a36-486b-89cb-68424d9db5ebOAI: oai:DiVA.org:ltu-49695DiVA: diva2:1023042
Subject / course
Student thesis, at least 30 credits
Business and Economics, master's level
Validerat; 20151008 (global_studentproject_submitter)2016-10-042016-10-04Bibliographically approved