Female-owned firms in Latin America : characteristics, performance, and obstacles to growth
AbstractThis paper examines the characteristics and performance of female-owned firms in Latin America. Data from firm surveys show that female-owned firms tend to be smaller than male-owned firms in terms of employees, sales, costs, and physical capital. Female-owned firms also have lower profits than male-owned firms, but for larger firms this difference disappears after controlling for labor and capital inputs. Medium-size and large female-owned firms are as productive as male-owned firms of the same size, although micro and small female-owned firms are less productive than male-owned firms. There is no evidence that the differences between female and male-owned firms are due to differences in access to finance or regulatory burdens. However, this paper finds a negative correlation between child care and household obligations and female-owned firm size and performance.
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Bibliographic InfoPaper provided by The World Bank in its series Policy Research Working Paper Series with number 5122.
Date of creation: 01 Nov 2009
Date of revision:
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-11-21 (All new papers)
- NEP-CSE-2009-11-21 (Economics of Strategic Management)
- NEP-DEV-2009-11-21 (Development)
- NEP-LAB-2009-11-21 (Labour Economics)
- NEP-MFD-2009-11-21 (Microfinance)
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