Gender-based differences in access to finance: A firm- level analysis
Session
Management, Business and Economics
Description
Gender-based discrimination in access to finance has become an issue of particular importance for scholars, and a major concern for policymakers. In many countries, women entrepreneurs face impediments and discrimination arising from various cultural and socio-economic factors. The aim of this paper is to assess the role of gender in securing external finance, controlling for an array of firm-specific characteristics, along with industry and country variables. The empirical analysis is conducted using firm-level survey data from the transition region of Central and Eastern Europe and Central Asia. To explore if women-led firms are more credit constrained than those led by men, several measures of access to finance are employed. To assess the robustness of the estimates, a diversified modelling strategy is adopted. Results from the regression analysis suggest that having a woman top manager decreases the probability of getting a line of credit or loan from a financial institution. The empirical findings also reveal that firms managed by women are less likely to apply for external finance than those managed by men.
Keywords:
Gender, Discrimination, Finance, Transition economies
Proceedings Editor
Edmond Hajrizi
ISBN
978-9951-550-50-5
Location
UBT Kampus, Lipjan
Start Date
29-10-2022 12:00 AM
End Date
30-10-2022 12:00 AM
DOI
10.33107/ubt-ic.2022.408
Recommended Citation
Mulliqi, Arta, "Gender-based differences in access to finance: A firm- level analysis" (2022). UBT International Conference. 419.
https://knowledgecenter.ubt-uni.net/conference/2022/all-events/419
Gender-based differences in access to finance: A firm- level analysis
UBT Kampus, Lipjan
Gender-based discrimination in access to finance has become an issue of particular importance for scholars, and a major concern for policymakers. In many countries, women entrepreneurs face impediments and discrimination arising from various cultural and socio-economic factors. The aim of this paper is to assess the role of gender in securing external finance, controlling for an array of firm-specific characteristics, along with industry and country variables. The empirical analysis is conducted using firm-level survey data from the transition region of Central and Eastern Europe and Central Asia. To explore if women-led firms are more credit constrained than those led by men, several measures of access to finance are employed. To assess the robustness of the estimates, a diversified modelling strategy is adopted. Results from the regression analysis suggest that having a woman top manager decreases the probability of getting a line of credit or loan from a financial institution. The empirical findings also reveal that firms managed by women are less likely to apply for external finance than those managed by men.