Australia rates well for capital access: study

An international study of 112 nations has found Australia is the ninth best country for entrepreneurs to access capital, The Australian reports.

Number one position in the Milken Institute research project went to Canada because of the standard of its equity market and fiscal policy.

The study also rated countries on a number of capital-raising related sub-categories.

Australia was ranked first in the category of "measuring the importance of equity markets for business financing".

But the nation faired much worse in the category that evaluated the extent to which the "macroeconomic environment was conducive to business" with a ranking of 46 in the index.