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Women self-perception and access to credit: The power of role models

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  • Perrin, Caroline
  • Bertrand, Jérémie
  • Klein, Paul-Olivier

Abstract

This study demonstrates how female role model encourages women-led firms to apply for a credit. Employing a sample of 29,157 firms from 112 countries between 2009 and 2020, our results indicate that the exposure to a female political leader offsets the likelihood for woman-led firms to be discouraged. This is explained by reduced emotional barriers to apply for a credit and is function of the personal status of the role model and its proximity with the female CEO.

Suggested Citation

  • Perrin, Caroline & Bertrand, Jérémie & Klein, Paul-Olivier, 2023. "Women self-perception and access to credit: The power of role models," Finance Research Letters, Elsevier, vol. 58(PB).
    • Handle: RePEc:eee:finlet:v:58:y:2023:i:pb:s1544612323007985
    DOI: 10.1016/j.frl.2023.104426
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    References listed on IDEAS

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    More about this item

    Keywords

    Gender economics; Credit market; Behavioral economics; Stereotypes;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination

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