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Robert M Sauer, Katharina H Wiesemeyer, Entrepreneurship and gender: differential access to finance and divergent business value, Oxford Review of Economic Policy, Volume 34, Issue 4, Winter 2018, Pages 584–596, https://doi.org/10.1093/oxrep/gry017
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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.