TY - JOUR
T1 - Entrepreneurs' gender and financial constraints: Evidence from international data
AU - Muravyev, A.
AU - Talavera, O.
AU - Schäfer, D.
PY - 2009
Y1 - 2009
N2 - 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.
AB - 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.
UR - http://www.scopus.com/inward/record.url?eid=2-s2.0-67349249368&partnerID=MN8TOARS
U2 - 10.1016/j.jce.2008.12.001
DO - 10.1016/j.jce.2008.12.001
M3 - Article
SN - 0147-5967
VL - 37
SP - 270
EP - 286
JO - Journal of Comparative Economics
JF - Journal of Comparative Economics
IS - 2
ER -