Entrepreneurs' gender and financial constraints: Evidence from international data

A. Muravyev, O. Talavera, D. Schäfer

Research output: Contribution to journalArticlepeer-review

181 Citations (Scopus)


This paper examines whether financial institutions discriminate against entrepreneurs on the basis of gender. Using the cross-country Business Environment and Enterprise Performance Survey (BEEPS), we find some evidence that, compared to male-managed counterparts, female-managed firms are less likely to obtain a bank loan. In addition, our analysis suggests that female entrepreneurs are charged higher interest rates when loan applications are approved. There is also some evidence that the gender differences in access to financing vanish with the level of financial development, which is consistent with Becker-type discrimination. The results of our analysis are robust to a number of specification checks.
Original languageEnglish
Pages (from-to)270-286
JournalJournal of Comparative Economics
Issue number2
Publication statusPublished - 2009


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