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Entrepreneur-investor gender match effects in startup funding: Evidence from an entrepreneurial-themed reality TV show in China

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  • Hao, Xuejing
  • Hu, Feng
  • Li, Zhu

Abstract

This paper examines the effect of entrepreneur-investor gender match in startup funding using data from a Chinese reality TV show. We find that female entrepreneurs receive a smaller amount of funding from both male and female investors, though female entrepreneurs have a better chance of being funded than male entrepreneurs. Our text analysis of entrepreneur-investor interactions shows that female entrepreneurs are asked longer questions and these questions are more prevention-focused. Using the performance information on registered enterprises after the TV show, we find that returns to startup funding are larger for female entrepreneurs, suggesting that female startups are underinvested.

Suggested Citation

  • Hao, Xuejing & Hu, Feng & Li, Zhu, 2024. "Entrepreneur-investor gender match effects in startup funding: Evidence from an entrepreneurial-themed reality TV show in China," International Review of Economics & Finance, Elsevier, vol. 93(PA), pages 811-832.
    • Handle: RePEc:eee:reveco:v:93:y:2024:i:pa:p:811-832
    DOI: 10.1016/j.iref.2024.03.038
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    1. Yiwei Wang, 2024. "Digital Financial Capability and Entrepreneurship in China: A Digital Economy Perspective," Sustainability, MDPI, vol. 16(16), pages 1-18, August.

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    More about this item

    Keywords

    Entrepreneurship; Gender gap; Interactions; Startup funding;
    All these keywords.

    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination

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