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Entrepreneurs' gender and financial constraints: Evidence from international data

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  • Muravyev, Alexander
  • Talavera, Oleksandr
  • Schäfer, Dorothea

Abstract

This paper examines whether financial institutions discriminate against entrepreneurs on the basis of gender. Using the cross-country Business Environment and Enterprise Performance Survey (BEEPS), we find some evidence that, compared to male-managed counterparts, female-managed firms are less likely to obtain a bank loan. In addition, our analysis suggests that female entrepreneurs are charged higher interest rates when loan applications are approved. There is also some evidence that the gender differences in access to financing vanish with the level of financial development, which is consistent with Becker-type discrimination. The results of our analysis are robust to a number of specification checks. Journal of Comparative Economics 37 (2) (2009) 270-286.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Comparative Economics.

Volume (Year): 37 (2009)
Issue (Month): 2 (June)
Pages: 270-286

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Handle: RePEc:eee:jcecon:v:37:y:2009:i:2:p:270-286

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Web page: http://www.elsevier.com/locate/inca/622864

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Keywords: Entrepreneurship Financial constraints Gender Discrimination;

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Cited by:
  1. Elena Bardasi & Shwetlena Sabarwal & Katherine Terrell, 2011. "How do female entrepreneurs perform? Evidence from three developing regions," Small Business Economics, Springer, vol. 37(4), pages 417-441, November.
  2. Francesco Chelli & Luisa Rosti, 2009. "Self employment among Italian female graduates," Quaderni di Dipartimento 090, University of Pavia, Department of Economics and Quantitative Methods.
  3. Sabarwal, Shwetlena & Terrell, Katherine, 2008. "Does gender matter for firm performance ? evidence from Eastern Europe and Central Asia," Policy Research Working Paper Series 4705, The World Bank.
  4. S. Brana, 2013. "Microcredit: an answer to the gender problem in funding?," Small Business Economics, Springer, vol. 40(1), pages 87-100, January.
  5. Miriam Bruhn & Inessa Love, 2011. "Gender differences in the impact of banking services: evidence from Mexico," Small Business Economics, Springer, vol. 37(4), pages 493-512, November.
  6. Antonio Garcia-Tabuenca & Jose L. Crespo-Espert & Federico Pablo-Marti, 2011. "Women, Entrepreneurial Activity And Territory: Differences Or Myths?," ERSA conference papers ersa10p1465, European Regional Science Association.
  7. Giorgio Calcagnini & Germana Giombini & Elisa Lenti, 2012. "Gender differences in bank loan access," Working Papers 1212, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini, revised 2012.
  8. Annie bellier & Wafa Sayeh & Stéphanie Serve, 2012. "What lies behind credit rationing? A survey of the literature," THEMA Working Papers 2012-39, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
  9. Klinger, Bailey & Schündeln, Matthias, 2011. "Can Entrepreneurial Activity be Taught? Quasi-Experimental Evidence from Central America," World Development, Elsevier, vol. 39(9), pages 1592-1610, September.
  10. Federico Pablo-Marti & Antonio García-Tabuenca & José Luis Crespo-Espert, 2011. "Entrepreneurial Women, Differential Behaviours And Business Innovation," ERSA conference papers ersa11p1130, European Regional Science Association.
  11. Aterido, Reyes & Beck, Thorsten & Iacovone, Leonardo, 2011. "Gender and finance in Sub-Saharan Africa : are women disadvantaged ?," Policy Research Working Paper Series 5571, The World Bank.
  12. Bellucci, Andrea & Borisov, Alexander & Zazzaro, Alberto, 2010. "Does gender matter in bank-firm relationships? Evidence from small business lending," Journal of Banking & Finance, Elsevier, vol. 34(12), pages 2968-2984, December.
  13. Bengtsson, Ola & Sanandaji, Tino & Johannesson, Magnus, 2012. "Do Women Have a Less Entrepreneurial Personality?," Working Paper Series 944, Research Institute of Industrial Economics.
  14. Tom Coupe, 2010. "Female Ministers, Governance and Reforms," Discussion Papers 34, Kyiv School of Economics.
  15. Pelger, Ines, 2012. "Male vs. female business owners: Are there differences in investment behavior?," Annual Conference 2012 (Goettingen): New Approaches and Challenges for the Labor Market of the 21st Century 62016, Verein für Socialpolitik / German Economic Association.

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