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Does gender matter for firm performance ? evidence from Eastern Europe and Central Asia

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  • Sabarwal, Shwetlena
  • Terrell, Katherine

Abstract

Using 2005 firm level data for 26 countries in Eastern and Central Europe, this paper estimates performance gaps between male and female-owned businesses, while controlling for location by industry and country. The findings show that female entrepreneurs have a significantly smaller scale of operations (as measured by sales revenues) and are less efficient in terms of total factor productivity, although the difference is small. However, women entrepreneurs generate the same amount of profit per unit of revenue as men. Although both male and female entrepreneurs in the region are sub-optimally small, women's returns to scale are significantly larger than men's, implying that women would gain more from increasing their scale. The authors argue that the main reasons for the sub-optimal size of female-owned firms are that they are both capital constrained and concentrated in industries with small firms.

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Bibliographic Info

Paper provided by The World Bank in its series Policy Research Working Paper Series with number 4705.

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Date of creation: 01 Sep 2008
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Handle: RePEc:wbk:wbrwps:4705

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Keywords: Access to Finance; Banks&Banking Reform; Gender and Health; Gender and Law;

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Cited by:
  1. Claudia Piras & Andrea Filippo Presbitero & Roberta Rabellotti, 2013. "Definitions Matter: Measuring Gender Gaps in Firms' Access to Credit," Mo.Fi.R. Working Papers, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences 90, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
  2. World Bank, 2011. "Emerging Europe and Central Asia - Opportunities for men and women," World Bank Other Operational Studies 2820, The World Bank.
  3. Nigar Hashimzade & Yulia Rodionova, 2013. "Gender Bias in Access to Finance, Occupational Choice, and Business Performance," Economics & Management Discussion Papers, Henley Business School, Reading University em-dp2013-01, Henley Business School, Reading University.
  4. Rijkers, Bob & Costa, Rita, 2012. "Gender and Rural Non-Farm Entrepreneurship," World Development, Elsevier, Elsevier, vol. 40(12), pages 2411-2426.
  5. Reyes Aterido & Mary Hallward-Driemeier, 2011. "Whose business is it anyway?," Small Business Economics, Springer, Springer, vol. 37(4), pages 443-464, November.
  6. Claudia Trentini & Malinka Koparanova, 2013. "Corruption and entrepreneurship: does gender matter?," ECE Discussion Papers Series, UNECE 2013_1, UNECE.
  7. Sarosh Sattar, 2011. "Opportunities for Men and Women : Emerging Europe and Central Asia," World Bank Other Operational Studies 2800, The World Bank.

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