Abstract
In this paper we examine differences in access to finance and business value by gender. Using recent data from the German Socio-Economic Panel, instrumented linear probability models show that an increase in personal wealth substantially affects the probability of being a business owner only among females. This is indicative of differential access to finance by gender. Among business owners, fixed-effects regressions reveal that obtaining a bank loan increases mean total business value more for females than for males. Thus, possession of a bank loan appears to be a critical factor in explaining the business value gender gap.
Original language | English |
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Pages (from-to) | 584-596 |
Number of pages | 13 |
Journal | Oxford Review of Economic Policy |
Volume | 34 |
Issue number | 4 |
DOIs | |
Publication status | Published - 19 Sept 2018 |
Keywords
- Entrepreneurship
- New Firms
- Startups
- Firm Performance
- Size, Diversification, and Scope
- Labor Demand