The Impact of Various Economic Factors in accessing Finance within the Business Sector: Cases from UK Financial Services Companies
Keywords:
Inflation, interest rate, government regulation, financial crises, economic factorsAbstract
This paper investigates the impact of various econmic factors such as inflation, interest rate, financial crises, and government regulations on the access to finance in the business sector specifically considering the financial experts' persepctive operating in the UK financial services companies. The study examines the relationship between variables of interest in post recession period. Total five out of top fifty British Financial Services' Companies were selected through convenience sampling. Addtionally, 38 respondents were selected through purposive sampling, based on their knowledge, level of management, and experiences in the sector. The findings showed that interest rate, government regulations, and financial crises have signigicant relationship in accessing financial resource. Interestingly, 83% remain neutral about the relationship between inflation and raising funds.
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