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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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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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For corrections or technical questions regarding this item, or to correct its listing, contact: (Jeroen Loos).

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Keywords: Entrepreneurship Financial constraints Gender Discrimination;

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References

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Citations

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Cited by:
  1. 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.
  2. Tom Coupe, 2010. "Female Ministers, Governance and Reforms," Discussion Papers 34, Kyiv School of Economics.
  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. 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.
  5. repec:pav:wpaper:213 is not listed on IDEAS
  6. 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.
  7. 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.

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