IDEAS home Printed from https://ideas.repec.org/a/pal/abaman/v21y2022i3d10.1057_s41291-020-00131-1.html
   My bibliography  Save this article

Female entrepreneurs’ gender roles, social capital and willingness to choose external financing

Author

Listed:
  • Xu Wang

    (Jilin University)

  • Li Cai

    (Jilin University)

  • Xiumei Zhu

    (Jilin University)

  • Shengliang Deng

    (Brock University)

Abstract

From the perspective of gender roles, this study uses social capital as the intermediary variable to study female entrepreneurs’ willingness to choose external financing. We combine social and behavioral sciences and financing theory to explore interactions between gender roles, social capital, and willingness to choose external financing. We elaborate on the intermediary role of social capital between gender roles and external financing. We find differences in gender role types among female entrepreneurs that significantly impact their willingness to choose external financing. Further, the differences among gender role types of female entrepreneurs significantly impact their social capital, which in turn is a significant but not sole factor that mediates their willingness to choose external financing.

Suggested Citation

  • Xu Wang & Li Cai & Xiumei Zhu & Shengliang Deng, 2022. "Female entrepreneurs’ gender roles, social capital and willingness to choose external financing," Asian Business & Management, Palgrave Macmillan, vol. 21(3), pages 432-457, July.
  • Handle: RePEc:pal:abaman:v:21:y:2022:i:3:d:10.1057_s41291-020-00131-1
    DOI: 10.1057/s41291-020-00131-1
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1057/s41291-020-00131-1
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.

    File URL: https://libkey.io/10.1057/s41291-020-00131-1?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Barbara J. Orser & Allan L. Riding & Kathryn Manley, 2006. "Women Entrepreneurs and Financial Capital," Entrepreneurship Theory and Practice, , vol. 30(5), pages 643-665, September.
    2. Javakhadze, David & Ferris, Stephen P. & French, Dan W., 2016. "Social capital, investments, and external financing," Journal of Corporate Finance, Elsevier, vol. 37(C), pages 38-55.
    3. Luigi Guiso & Paola Sapienza & Luigi Zingales, 2004. "The Role of Social Capital in Financial Development," American Economic Review, American Economic Association, vol. 94(3), pages 526-556, June.
    4. Soonae Park & In Hyeock Lee & Jung Eun Kim, 2020. "Government support and small- and medium-sized enterprise (SME) performance: the moderating effects of diagnostic and support services," Asian Business & Management, Palgrave Macmillan, vol. 19(2), pages 213-238, April.
    5. Meghana Ayyagari & Asli Demirgüç-Kunt & Vojislav Maksimovic, 2008. "How Important Are Financing Constraints? The Role of Finance in the Business Environment," The World Bank Economic Review, World Bank, vol. 22(3), pages 483-516, November.
    6. Yipeng Liu & Fabian Jintae Froese, 2020. "Crisis management, global challenges, and sustainable development from an Asian perspective," Asian Business & Management, Palgrave Macmillan, vol. 19(3), pages 271-276, July.
    7. Mitchell A. Petersen & Raghuram G. Rajan, 1995. "The Effect of Credit Market Competition on Lending Relationships," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 110(2), pages 407-443.
    8. Laura Rienda & Enrique Claver & Diego Quer, 2013. "The internationalisation of Indian multinationals: determinants of expansion through acquisitions," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 18(1), pages 115-132.
    9. Maria Plotnikova & Isidoro Romero & Juan A. Martínez-Román, 2016. "Process innovation in small businesses: the self-employed as entrepreneurs," Small Business Economics, Springer, vol. 47(4), pages 939-954, December.
    10. Asim Ijaz Khwaja & Atif Mian, 2005. "Do Lenders Favor Politically Connected Firms? Rent Provision in an Emerging Financial Market," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 120(4), pages 1371-1411.
    11. Denis, David J., 2004. "Entrepreneurial finance: an overview of the issues and evidence," Journal of Corporate Finance, Elsevier, vol. 10(2), pages 301-326, March.
    12. Schumpeter, Joseph A., 1947. "The Creative Response in Economic History," The Journal of Economic History, Cambridge University Press, vol. 7(2), pages 149-159, November.
    13. Arent Greve & Janet W. Salaff, 2003. "Social Networks and Entrepreneurship," Entrepreneurship Theory and Practice, , vol. 28(1), pages 1-22, January.
    14. Stephen P. Ferris & David Javakhadze & Tijana Rajkovic, 2019. "An international analysis of CEO social capital and corporate risk‐taking," European Financial Management, European Financial Management Association, vol. 25(1), pages 3-37, January.
    15. Theodore A. Khoury & Marc Junkunc & David L. Deeds, 2013. "The Social Construction of Legitimacy through Signaling Social Capital: Exploring the Conditional Value of Alliances and Underwriters at IPO," Entrepreneurship Theory and Practice, , vol. 37(3), pages 569-601, May.
    16. Becker-Blease, John R. & Sohl, Jeffrey E., 2007. "Do women-owned businesses have equal access to angel capital?," Journal of Business Venturing, Elsevier, vol. 22(4), pages 503-521, July.
    17. Fay, Michael & Williams, Lesley, 1993. "Gender bias and the availability of business loans," Journal of Business Venturing, Elsevier, vol. 8(4), pages 363-376, July.
    18. Gregorio Impavido, 1998. "Credit Rationing, Group Lending and Optimal Group Size," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 69(2), pages 243-260, June.
    19. Lola Fabowale & Barbara Orser & Allan Riding, 1995. "Gender, Structural Factors, and Credit Terms between Canadian Small Businesses and Financial Institutions," Entrepreneurship Theory and Practice, , vol. 19(4), pages 41-65, July.
    20. Shengliang Deng & Xu Wang & Ilan Alon, 2011. "Framework for female entrepreneurship in China," International Journal of Business and Emerging Markets, Inderscience Enterprises Ltd, vol. 3(1), pages 3-20.
    21. Verheul, Ingrid & Thurik, Roy, 2001. "Start-Up Capital: "Does Gender Matter?"," Small Business Economics, Springer, vol. 16(4), pages 329-345, June.
    22. Xinshu Zhao & John G. Lynch & Qimei Chen, 2010. "Reconsidering Baron and Kenny: Myths and Truths about Mediation Analysis," Journal of Consumer Research, Journal of Consumer Research Inc., vol. 37(2), pages 197-206, August.
    23. Fischer, Eileen M. & Reuber, A. Rebecca & Dyke, Lorraine S., 1993. "A theoretical overview and extension of research on sex, gender, and entrepreneurship," Journal of Business Venturing, Elsevier, vol. 8(2), pages 151-168, March.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Donard Games & Dessy Kurnia Sari, 2023. "Role of Female Successors in Family Business Innovation: Some Insights From the Largest Matrilineal Muslim Society," SAGE Open, , vol. 13(4), pages 21582440231, November.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Wang, Xu & Deng, Shengliang & Alon, Ilan, 2021. "Women executives and financing pecking order of GEM-listed companies: Moderating roles of social capital and regional institutional environment," Journal of Business Research, Elsevier, vol. 136(C), pages 466-478.
    2. Jörg Prokop & Dandan Wang, 2022. "Is there a gender gap in equity-based crowdfunding?," Small Business Economics, Springer, vol. 59(3), pages 1219-1244, October.
    3. Xuemei Xie & Jiuchang Lv, 2016. "Social networks of female tech-entrepreneurs and new venture performance: the moderating effects of entrepreneurial alertness and gender discrimination," International Entrepreneurship and Management Journal, Springer, vol. 12(4), pages 963-983, December.
    4. Agier, Isabelle & Szafarz, Ariane, 2013. "Microfinance and Gender: Is There a Glass Ceiling on Loan Size?," World Development, Elsevier, vol. 42(C), pages 165-181.
    5. Daniel Lechmann & Claus Schnabel, 2012. "Why is there a gender earnings gap in self-employment? A decomposition analysis with German data," IZA Journal of European Labor Studies, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 1(1), pages 1-25, December.
    6. Sara Poggesi & Michela Mari & Luisa Vita, 2016. "What’s new in female entrepreneurship research? Answers from the literature," International Entrepreneurship and Management Journal, Springer, vol. 12(3), pages 735-764, September.
    7. Bradley, Samantha R. & Gicheva, Dora & Hassell, Lydia & Link, Albert N., 2013. "Gender Differences in Access to Private Investment Funding to Support the Development of New Technologies," UNCG Economics Working Papers 13-9, University of North Carolina at Greensboro, Department of Economics.
    8. Geiger, Mark, 2020. "A meta-analysis of the gender gap(s) in venture funding: Funder- and entrepreneur-driven perspectives," Journal of Business Venturing Insights, Elsevier, vol. 13(C).
    9. Verheul, Ingrid & Thurik, Roy & Grilo, Isabel & van der Zwan, Peter, 2012. "Explaining preferences and actual involvement in self-employment: Gender and the entrepreneurial personality," Journal of Economic Psychology, Elsevier, vol. 33(2), pages 325-341.
    10. Blount, Ian & Triana, Maria del Carmen & Richard, Orlando & Li, Mingxiang, 2023. "How women CEOs’ financial knowledge and firm homophily affect venture performance," Journal of Business Research, Elsevier, vol. 155(PA).
    11. Fiona Wilson, 2016. "Making Loan Decisions in Banks: Straight from the Gut?," Journal of Business Ethics, Springer, vol. 137(1), pages 53-63, August.
    12. Patrick Saparito & Amanda Elam & Candida Brush, 2013. "Bank–Firm Relationships: Do Perceptions Vary by Gender?," Entrepreneurship Theory and Practice, , vol. 37(4), pages 837-858, July.
    13. Elisa Ughetto & Mariacristina Rossi & David Audretsch & Erik E. Lehmann, 2020. "Female entrepreneurship in the digital era," Small Business Economics, Springer, vol. 55(2), pages 305-312, August.
    14. John R. Becker–Blease & Jeffrey E. Sohl, 2011. "The Effect of Gender Diversity on Angel Group Investment," Entrepreneurship Theory and Practice, , vol. 35(4), pages 709-733, July.
    15. Isabel Martínez-Rodríguez & Consolación Quintana-Rojo & Pedro Gento & Fernando-Evaristo Callejas-Albiñana, 2022. "Public policy recommendations for promoting female entrepreneurship in Europe," International Entrepreneurship and Management Journal, Springer, vol. 18(3), pages 1235-1262, September.
    16. S. Brana, 2013. "Microcredit: an answer to the gender problem in funding?," Small Business Economics, Springer, vol. 40(1), pages 87-100, January.
    17. Barbara Orser & Susan Coleman & Yanhong Li, 2020. "Progress or pinkwashing: who benefits from digital women-focused capital funds?," Small Business Economics, Springer, vol. 55(2), pages 363-387, August.
    18. Lechmann, Daniel S. J. & Schnabel, Claus, 2012. "What explains the gender earnings gap in self-employment? A decomposition analysis with German data," Discussion Papers 77, Friedrich-Alexander University Erlangen-Nuremberg, Chair of Labour and Regional Economics.
    19. Richard T. Harrison & Colin M. Mason, 2007. "Does Gender Matter? Women Business Angels and the Supply of Entrepreneurial Finance," Entrepreneurship Theory and Practice, , vol. 31(3), pages 445-472, May.
    20. Becker-Blease, John R. & Sohl, Jeffrey E., 2007. "Do women-owned businesses have equal access to angel capital?," Journal of Business Venturing, Elsevier, vol. 22(4), pages 503-521, July.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:abaman:v:21:y:2022:i:3:d:10.1057_s41291-020-00131-1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.