The Choice of Financing Instrument in Game Companies: With Study on Finnish Start-ups

This study explores the funding choices of game companies in Finland, focusing on understanding the reasons behind these choices. The game industry is a growing industry, and Finland is an attractive country for the industry’s international employees, as well as for international investors. The game...

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Main Author: Riippi, Juulia
Other Authors: Jyväskylä University School of Business and Economics, Jyväskylän yliopiston kauppakorkeakoulu, University of Jyväskylä, Jyväskylän yliopisto
Format: Master's thesis
Language:eng
Published: 2024
Subjects:
Online Access: https://jyx.jyu.fi/handle/123456789/94734
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author Riippi, Juulia
author2 Jyväskylä University School of Business and Economics Jyväskylän yliopiston kauppakorkeakoulu University of Jyväskylä Jyväskylän yliopisto
author_facet Riippi, Juulia Jyväskylä University School of Business and Economics Jyväskylän yliopiston kauppakorkeakoulu University of Jyväskylä Jyväskylän yliopisto Riippi, Juulia Jyväskylä University School of Business and Economics Jyväskylän yliopiston kauppakorkeakoulu University of Jyväskylä Jyväskylän yliopisto
author_sort Riippi, Juulia
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description This study explores the funding choices of game companies in Finland, focusing on understanding the reasons behind these choices. The game industry is a growing industry, and Finland is an attractive country for the industry’s international employees, as well as for international investors. The game industry is a significant cultural export industry for Finland, and external funding is crucial for its growth. The research is conducted from the company level viewpoint, and the data collection method is qualitative research through multiple case studies with four interviews. The qualitative research method was preferred as it provides comprehensive answers, rich details, and in-depth information. The case companies are working in game industry, and companies are in different stages, providing a broader picture of the funding choices available to companies of different sizes and types. There are diverse financing options available for game companies, but it varies which funding instruments are suitable for different projects, products, and teams. The study suggests that smaller funding options such as own money, public funding, and angel investors are used to build the product and team in the company's first phases, and when the company is growing, the company applies for bigger funding from venture capital investors. Additionally, the current situation and turbulence in financial markets were found to affect venture capital investors, leading to more careful investments. Overall, this study provides insights into game industry funding in Finland. Tässä tutkimuksessa tarkastellaan suomalaisten pelialan yritysten rahoitusvaihtoehtoja keskittyen ymmärtämään, mitkä syyt vaikuttavat rahoitusvaihtoehtojen valintaan. Peliala on kasvava toimiala, ja Suomi on houkutteleva maa alalla työskenteleville kansainvälisille työntekijöille, sekä kansainvälisille sijoittajille. Peliala on merkittävä kulttuurivientiala Suomelle, ja alan kasvun kannalta ulkopuolinen rahoitus on ratkaiseva tekijä. Tutkimus on tehty pelialan yrityksen näkökulmasta, ja tiedonkeruumenetelmänä on kvalitatiivinen tutkimusmenetelmä monitapaustutkimuksen kautta, ja se koostuu neljästä haastattelusta. Kvalitatiivista tutkimusmenetelmää käytettiin, sillä sen avulla saadaan kattavia vastauksia, monipuolisia yksityiskohtia, sekä syvällisempää tietoa. Tutkimukseen valitut yritykset toimivat pelialalla, ja ovat kasvun eri vaiheissa, jotta tutkimuksessa saatiin laajempi kuva erikokoisten ja -tyyppisten yritysten rahoitus-vaihtoehdoista ja valinnoista. Peliyhtiöille on tarjolla useita erilaisia rahoitusvaihtoehtoja, mutta erilaisten rahoitusvaihtoehtojen sopivuus erityyppisiin projekteihin, tuotteisiin, ja tiimeihin vaihtelee. Tutkimuksen mukaan yrityksen alkuvaiheessa rakennetaan tuotetta ja tiimiä pienemmillä rahamäärillä käyttäen esimerkiksi yrittäjän omaa rahaa, julkisia rahoitusvälineitä, sekä enkelisijoittajia. Yrityksen kasvaessa haetaan suurempaa rahoitusta pääomasijoittajilta. Lisäksi tutkimuksessa havaittiin rahoitusmarkkinoiden vallitsevasta tilanteesta ja turbulenssista johtuen riskisijoittajien tekevän nyt sijoituspäätöksiä entistä tiukemmin kriteerein. Yleisesti ottaen, tämä tutkimus antaa näkemyksiä pelialan rahoituksen tämänhetkisestä tilanteesta Suomessa.
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spellingShingle Riippi, Juulia The Choice of Financing Instrument in Game Companies: With Study on Finnish Start-ups International Business and Entrepreneurship
title The Choice of Financing Instrument in Game Companies: With Study on Finnish Start-ups
title_full The Choice of Financing Instrument in Game Companies: With Study on Finnish Start-ups
title_fullStr The Choice of Financing Instrument in Game Companies: With Study on Finnish Start-ups The Choice of Financing Instrument in Game Companies: With Study on Finnish Start-ups
title_full_unstemmed The Choice of Financing Instrument in Game Companies: With Study on Finnish Start-ups The Choice of Financing Instrument in Game Companies: With Study on Finnish Start-ups
title_short The Choice of Financing Instrument in Game Companies: With Study on Finnish Start-ups
title_sort choice of financing instrument in game companies with study on finnish start ups
title_txtP The Choice of Financing Instrument in Game Companies: With Study on Finnish Start-ups
topic International Business and Entrepreneurship
topic_facet International Business and Entrepreneurship
url https://jyx.jyu.fi/handle/123456789/94734 http://www.urn.fi/URN:NBN:fi:jyu-202405083510
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