Advanced Search
MyIDEAS: Login to save this paper or follow this series

Leveraging Entrepreneurship through Private Investments: Does Gender Matter?

Contents:

Author Info

  • Gicheva, Dora

    ()
    (University of North Carolina at Greensboro, Department of Economics)

  • Link, Albert N.

    ()
    (University of North Carolina at Greensboro, Department of Economics)

Abstract

Using project data from a random sample of Phase II research awards from the National Institutes of Health SBIR program, we estimate the relative probability that woman-owned firms are able to attract private investments to fund the transition of the technology developed under the sponsorship of the SBIR program to an innovation to enter the market. We find that womenowned firms are as much as 16 percentage points less likely to attract private investment dollars compared to male-owned firms, factors excluding the size of the SBIR award held constant. Women-owned firms that received larger awards performed substantially better. Although the SBIR program has a legislated directive to increase the participation of woman-owned firms in the program, our findings suggest that it might not be sufficient to overcome market perceptions about the profitability of such investments actually bringing a developed technology to market.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://bae.uncg.edu/assets/research/econwp/2011/11-21.pdf
File Function: Full text
Download Restriction: no

Bibliographic Info

Paper provided by University of North Carolina at Greensboro, Department of Economics in its series Working Papers with number 11-21.

as in new window
Length: 27 pages
Date of creation: 28 Nov 2011
Date of revision:
Handle: RePEc:ris:uncgec:2011_021

Contact details of provider:
Postal: Box 26165, Greensboro, NC 27402-6165
Phone: (336) 334-5463
Fax: (336) 334-4089
Web page: http://www.uncg.edu/bae/econ/
More information through EDIRC

Related research

Keywords: Innovation; Entrepreneurship; SBIR program; Venture capital; Gender discrimination;

Other versions of this item:

Find related papers by JEL classification:

References

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  1. Gaudecker, H.M. von & Soest, A.H.O. van & Wengstrom, E., 2009. "Heterogeneity in Risky Choice Behavior in a Broad Population," Discussion Paper, Tilburg University, Center for Economic Research 2009-12, Tilburg University, Center for Economic Research.
  2. Lex Borghans & Bart H. H. Golsteyn & James J. Heckman & Huub Meijers, 2009. "Gender Differences in Risk Aversion and Ambiguity Aversion," Journal of the European Economic Association, MIT Press, MIT Press, vol. 7(2-3), pages 649-658, 04-05.
  3. Debbie Opstal, 2010. "Commentary on Gregory Tassey’s “Rationales and mechanisms for revitalizing US manufacturing R&D strategies”," The Journal of Technology Transfer, Springer, Springer, vol. 35(3), pages 355-359, June.
  4. Roope Uusitalo, 1999. "Homo Entreprenaurus?," Discussion Papers, Government Institute for Economic Research Finland (VATT) 205, Government Institute for Economic Research Finland (VATT).
  5. Link, Albert N. & Welsh, Dianne H. B., 2011. "From Laboratory to Market: On the Propensity of Young Inventors to Form a New Business," Working Papers, University of North Carolina at Greensboro, Department of Economics 11-11, University of North Carolina at Greensboro, Department of Economics.
  6. S. Brana, 2013. "Microcredit: an answer to the gender problem in funding?," Small Business Economics, Springer, Springer, vol. 40(1), pages 87-100, January.
  7. Robert Hébert & Albert Link, 2006. "The Entrepreneur as Innovator," The Journal of Technology Transfer, Springer, Springer, vol. 31(5), pages 589-597, 09.
  8. Lerner, Josh, 1999. "The Government as Venture Capitalist: The Long-Run Impact of the SBIR Program," The Journal of Business, University of Chicago Press, University of Chicago Press, vol. 72(3), pages 285-318, July.
  9. Albert N. Link & John T. Scott, 2009. "Private Investor Participation and Commercialization Rates for Government-sponsored Research and Development: Would a Prediction Market Improve the Performance of the SBIR Programme?," Economica, London School of Economics and Political Science, London School of Economics and Political Science, vol. 76(302), pages 264-281, 04.
  10. Blanchflower, David G & Oswald, Andrew J, 1998. "What Makes an Entrepreneur?," Journal of Labor Economics, University of Chicago Press, University of Chicago Press, vol. 16(1), pages 26-60, January.
  11. Lex Borghans & Bart H.H. Golsteyn & James J. Heckman & Huub Meijers, 2009. "Gender Differences in Risk Aversion and Ambiguity," Working Papers, Geary Institute, University College Dublin 200903, Geary Institute, University College Dublin.
  12. Claude Barfield, 2010. "Commentary on Gregory Tassey’s “Rationales and mechanisms for revitalizing US manufacturing R&D strategies”," The Journal of Technology Transfer, Springer, Springer, vol. 35(3), pages 342-345, June.
  13. Wright, Mike & Lockett, Andy & Clarysse, Bart & Binks, Martin, 2006. "University spin-out companies and venture capital," Research Policy, Elsevier, Elsevier, vol. 35(4), pages 481-501, May.
  14. Link, Albert N. & Scott, John T., 2011. "Employment Growth from Public Support of Innovation in Small Firms," Working Papers, University of North Carolina at Greensboro, Department of Economics 11-17, University of North Carolina at Greensboro, Department of Economics.
  15. Elizabeth Gatewood & Candida Brush & Nancy Carter & Patricia Greene & Myra Hart, 2009. "Diana: a symbol of women entrepreneurs’ hunt for knowledge, money, and the rewards of entrepreneurship," Small Business Economics, Springer, Springer, vol. 32(2), pages 129-144, February.
  16. Rachel Croson & Uri Gneezy, 2009. "Gender Differences in Preferences," Journal of Economic Literature, American Economic Association, American Economic Association, vol. 47(2), pages 448-74, June.
  17. Peter Zwan & Ingrid Verheul & A. Thurik, 2012. "The entrepreneurial ladder, gender, and regional development," Small Business Economics, Springer, Springer, vol. 39(3), pages 627-643, October.
  18. Link, Albert N. & Scott, John T., 2010. "Government as entrepreneur: Evaluating the commercialization success of SBIR projects," Research Policy, Elsevier, Elsevier, vol. 39(5), pages 589-601, June.
  19. Blanchflower, David G & Meyer, Bruce D, 1994. " A Longitudinal Analysis of the Young Self-Employed in Australia and the United States," Small Business Economics, Springer, Springer, vol. 6(1), pages 1-19, February.
  20. G. Swann, 2010. "Commentary on Gregory Tassey’s “Rationales and mechanisms for revitalizing US manufacturing R&D strategies”," The Journal of Technology Transfer, Springer, Springer, vol. 35(3), pages 351-354, June.
  21. Robert Fairlie & Justin Marion, 2012. "Affirmative action programs and business ownership among minorities and women," Small Business Economics, Springer, Springer, vol. 39(2), pages 319-339, September.
  22. Robert Atkinson, 2010. "Commentary on Gregory Tassey’s “Rationales and mechanisms for revitalizing US manufacturing R&D strategies”," The Journal of Technology Transfer, Springer, Springer, vol. 35(3), pages 334-338, June.
  23. Martin Baily, 2010. "Commentary on Gregory Tassey’s “Rationales and mechanisms for revitalizing US manufacturing R&D strategies”," The Journal of Technology Transfer, Springer, Springer, vol. 35(3), pages 339-341, June.
  24. Renate Schubert, 1999. "Financial Decision-Making: Are Women Really More Risk-Averse?," American Economic Review, American Economic Association, American Economic Association, vol. 89(2), pages 381-385, May.
  25. Gregory Tassey, 2010. "Rationales and mechanisms for revitalizing US manufacturing R&D strategies," The Journal of Technology Transfer, Springer, Springer, vol. 35(3), pages 283-333, June.
  26. Christopher Hill, 2010. "Commentary on Gregory Tassey’s “Rationales and mechanisms for revitalizing US manufacturing R&D strategies”," The Journal of Technology Transfer, Springer, Springer, vol. 35(3), pages 346-350, June.
  27. Bertoni, Fabio & Colombo, Massimo G. & Grilli, Luca, 2011. "Venture capital financing and the growth of high-tech start-ups: Disentangling treatment from selection effects," Research Policy, Elsevier, Elsevier, vol. 40(7), pages 1028-1043, September.
  28. Jianakoplos, Nancy Ammon & Bernasek, Alexandra, 1998. "Are Women More Risk Averse?," Economic Inquiry, Western Economic Association International, Western Economic Association International, vol. 36(4), pages 620-30, October.
Full references (including those not matched with items on IDEAS)

Citations

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Women can help bridge the 'valley of death' in science innovation
    by Cathy Foley, President of Science and Technology Australia at CSIRO in The Conversation on 2014-02-19 19:26:37
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Peter Klein & Donald Siegel & Nick Wilson & Mike Wright & Albert N. Link & Christopher J. Ruhm & Donald S. Siegel, 2014. "Private Equity and the Innovation Strategies of Entrepreneurial Firms: Empirical Evidence from the Small Business Innovation Research Program," Managerial and Decision Economics, John Wiley & Sons, Ltd., John Wiley & Sons, Ltd., vol. 35(2), pages 103-113, 03.
  2. Bradley, Samantha R. & Gicheva, Dora & Hassell, Lydia & Link, Albert N., 2013. "Private Investment to Support New Technologies: Quantifying Gender Differences," Working Papers, University of North Carolina at Greensboro, Department of Economics 13-11, University of North Carolina at Greensboro, Department of Economics.
  3. Tristan Boyer & Regis Blazy, 2013. "Born to be alive? The survival of innovative and non-innovative French micro start-ups," Working Papers, Department of Research, Ipag Business School 2013-012, Department of Research, Ipag Business School.
  4. 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," Working Papers, University of North Carolina at Greensboro, Department of Economics 13-9, University of North Carolina at Greensboro, Department of Economics.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:ris:uncgec:2011_021. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Garth Heutel).

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 references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link 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 profile, as there may be some citations waiting for confirmation.

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