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Contribution Details

Type Journal Article
Scope Discipline-based scholarship
Title Working with women, do men get all the credit?
Organization Unit
Authors
  • Shusen Qi
  • Steven Ongena
  • Hua Cheng
Item Subtype Original Work
Refereed Yes
Status Published in final form
Language
  • English
Journal Title Small Business Economics
Publisher Springer
Geographical Reach international
ISSN 0921-898X
Volume 59
Page Range 1427 - 1447
Date 2022
Abstract Text Are firms that are managed and owned by females-only appraised differently than those where genders mix at the top? To answer this question, we study 7,467 small and medium-sized firms from 22 countries. We find that – when borrowing from banks – firms that are both managed and owned by females more often report binding credit constraints and higher interest rate payments than male-only firms; differences that we can attribute to taste-based discrimination. In contrast, if the manager and the owner have a different gender, we find no such differences with male-only firms. Hence, interestingly banks seem to assume that women invariably play second fiddle in the mixed-gender firms. We also show that discrimination between female-only and other firms disappears from economically more developed regions and from credit markets that are more competitive or dominated by transactional lenders.
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Official URL https://doi.org/10.1007/s11187-021-00579-1
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Digital Object Identifier 10.1007/s11187-021-00579-1
Other Identification Number merlin-id:21587
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Additional Information Swiss Finance Institute Research Paper No. 18-01