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SME's dependency on banks during international expansion

SME's dependency on banks during international expansion

The purpose of this study is to investigate whether local banks are needed as partners for internationalising small and medium-sized enterprises (SMEs), and if so, in what ways they affect SMEs. The purpose can, in a wider sense, shed light on institutions’ intermediating functions for transactions in the economy, both locally and internationally. To study this gap in the literature and in our knowledge concerning banks effects on SMEs’ internationalisation a questionnaire was distributed to Swedish SMEs involved in international activities. A sample of 318 SMEs and in-depth studies of Swedish Savings banks was used. The results are presented as descriptive statistics and by using t-tests. The findings show that banks are the least used source of information for internationalising SMEs. The results also show that banks do not participate in SME business networks when SMEs are internationalising. SMEs that have been dependent on banks when developing their international business relationships, however, tend to have previously depended on the bank when conducting business. ​

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 To cite this article:


LINDSTRAND (Angelika), LINDBERGH (Jessica).  SME's Dependency on Banks during international expansion. ESBG Perspectives n°61, 48pp.

Financial History; SME finance
Angelika Lindstrand, Jessica Lindbergh
Angelika Lindstrand
Affiliated Researcher
Stockholm School of Economics

Jessica Lindbergh
Assistant Professor
Stockholm Business School