Working with women, do men get all the credit?

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 oft...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Veröffentlicht in:Small business economics 2022-12, Vol.59 (4), p.1427-1447
Hauptverfasser: Qi, Shusen, Ongena, Steven, Cheng, Hua
Format: Artikel
Sprache:eng
Schlagworte:
Online-Zugang:Volltext
Tags: Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
container_end_page 1447
container_issue 4
container_start_page 1427
container_title Small business economics
container_volume 59
creator Qi, Shusen
Ongena, Steven
Cheng, Hua
description 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. Plain English Summary Is mixing genders at the top good or bad for firm financing? It may matter or not. To arrive at this answer, we study almost 7,500 small and medium-sized firms from 22 countries. When borrowing from banks, firms that are both managed and owned by females obtain less financing. In contrast, if the manager and the owner have a different gender, we find no such differences with male-only firms. The implication is that bankers rightly or wrongly seem to assume that women invariably play second fiddle in mixed-gender firms. More progress toward gender equality seems possible.
doi_str_mv 10.1007/s11187-021-00579-1
format Article
fullrecord <record><control><sourceid>proquest_cross</sourceid><recordid>TN_cdi_proquest_journals_2737270129</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><sourcerecordid>2737270129</sourcerecordid><originalsourceid>FETCH-LOGICAL-c453t-ea0aa01c477fe610b0cedebd04d9addcfcf881774be91f150d155879ffd4622c3</originalsourceid><addsrcrecordid>eNp9kEtLAzEUhYMoWKt_wFXArVPvTTJNshIpvqDgRtFdmObRTm1najKl-O9NHaE7V3dxzncO9xByiTBCAHmTEFHJAhgWAKXUBR6RAZaSF6CRH5MB6CwprT5OyVlKS4A9BgMyem_jZ93M6a7uFnTXrn1zTV1L86Vz39FqtaLdwlMbvau723NyEqpV8hd_d0jeHu5fJ0_F9OXxeXI3LawoeVf4CqoK0Aopgx8jzMB652cOhNOVczbYoBRKKWZeY8ASHJalkjoEJ8aMWT4kV33uJrZfW586s2y3scmVhkkumQRkOrtY77KxTSn6YDaxXlfx2yCY_YOm38XkXczvLgYzRHvI27ap0wFRTAipxoxnC-8tKYvN3MdD-z_BP1icbrc</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>2737270129</pqid></control><display><type>article</type><title>Working with women, do men get all the credit?</title><source>SpringerNature Journals</source><source>EBSCOhost Business Source Complete</source><creator>Qi, Shusen ; Ongena, Steven ; Cheng, Hua</creator><creatorcontrib>Qi, Shusen ; Ongena, Steven ; Cheng, Hua</creatorcontrib><description>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. Plain English Summary Is mixing genders at the top good or bad for firm financing? It may matter or not. To arrive at this answer, we study almost 7,500 small and medium-sized firms from 22 countries. When borrowing from banks, firms that are both managed and owned by females obtain less financing. In contrast, if the manager and the owner have a different gender, we find no such differences with male-only firms. The implication is that bankers rightly or wrongly seem to assume that women invariably play second fiddle in mixed-gender firms. More progress toward gender equality seems possible.</description><identifier>ISSN: 0921-898X</identifier><identifier>EISSN: 1573-0913</identifier><identifier>DOI: 10.1007/s11187-021-00579-1</identifier><language>eng</language><publisher>New York: Springer US</publisher><subject>Bond markets ; Borrowing ; Business and Management ; Companies ; Credit ; Discrimination ; Entrepreneurship ; Females ; Financing ; Gender ; Gender differences ; Gender inequality ; Industrial Organization ; Interest rates ; Males ; Management ; Microeconomics ; Mixed gender ; Payments ; Working women</subject><ispartof>Small business economics, 2022-12, Vol.59 (4), p.1427-1447</ispartof><rights>The Author(s), under exclusive licence to Springer Science+Business Media, LLC, part of Springer Nature 2021</rights><rights>The Author(s), under exclusive licence to Springer Science+Business Media, LLC, part of Springer Nature 2021.</rights><lds50>peer_reviewed</lds50><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c453t-ea0aa01c477fe610b0cedebd04d9addcfcf881774be91f150d155879ffd4622c3</citedby><cites>FETCH-LOGICAL-c453t-ea0aa01c477fe610b0cedebd04d9addcfcf881774be91f150d155879ffd4622c3</cites><orcidid>0000-0002-8381-0062</orcidid></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://link.springer.com/content/pdf/10.1007/s11187-021-00579-1$$EPDF$$P50$$Gspringer$$H</linktopdf><linktohtml>$$Uhttps://link.springer.com/10.1007/s11187-021-00579-1$$EHTML$$P50$$Gspringer$$H</linktohtml><link.rule.ids>314,780,784,27924,27925,41488,42557,51319</link.rule.ids></links><search><creatorcontrib>Qi, Shusen</creatorcontrib><creatorcontrib>Ongena, Steven</creatorcontrib><creatorcontrib>Cheng, Hua</creatorcontrib><title>Working with women, do men get all the credit?</title><title>Small business economics</title><addtitle>Small Bus Econ</addtitle><description>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. Plain English Summary Is mixing genders at the top good or bad for firm financing? It may matter or not. To arrive at this answer, we study almost 7,500 small and medium-sized firms from 22 countries. When borrowing from banks, firms that are both managed and owned by females obtain less financing. In contrast, if the manager and the owner have a different gender, we find no such differences with male-only firms. The implication is that bankers rightly or wrongly seem to assume that women invariably play second fiddle in mixed-gender firms. More progress toward gender equality seems possible.</description><subject>Bond markets</subject><subject>Borrowing</subject><subject>Business and Management</subject><subject>Companies</subject><subject>Credit</subject><subject>Discrimination</subject><subject>Entrepreneurship</subject><subject>Females</subject><subject>Financing</subject><subject>Gender</subject><subject>Gender differences</subject><subject>Gender inequality</subject><subject>Industrial Organization</subject><subject>Interest rates</subject><subject>Males</subject><subject>Management</subject><subject>Microeconomics</subject><subject>Mixed gender</subject><subject>Payments</subject><subject>Working women</subject><issn>0921-898X</issn><issn>1573-0913</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2022</creationdate><recordtype>article</recordtype><sourceid>ABUWG</sourceid><sourceid>AFKRA</sourceid><sourceid>BENPR</sourceid><sourceid>CCPQU</sourceid><sourceid>DWQXO</sourceid><recordid>eNp9kEtLAzEUhYMoWKt_wFXArVPvTTJNshIpvqDgRtFdmObRTm1najKl-O9NHaE7V3dxzncO9xByiTBCAHmTEFHJAhgWAKXUBR6RAZaSF6CRH5MB6CwprT5OyVlKS4A9BgMyem_jZ93M6a7uFnTXrn1zTV1L86Vz39FqtaLdwlMbvau723NyEqpV8hd_d0jeHu5fJ0_F9OXxeXI3LawoeVf4CqoK0Aopgx8jzMB652cOhNOVczbYoBRKKWZeY8ASHJalkjoEJ8aMWT4kV33uJrZfW586s2y3scmVhkkumQRkOrtY77KxTSn6YDaxXlfx2yCY_YOm38XkXczvLgYzRHvI27ap0wFRTAipxoxnC-8tKYvN3MdD-z_BP1icbrc</recordid><startdate>20221201</startdate><enddate>20221201</enddate><creator>Qi, Shusen</creator><creator>Ongena, Steven</creator><creator>Cheng, Hua</creator><general>Springer US</general><general>Springer Nature B.V</general><scope>OQ6</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>3V.</scope><scope>7WY</scope><scope>7WZ</scope><scope>7X5</scope><scope>7XB</scope><scope>87Z</scope><scope>8A3</scope><scope>8AO</scope><scope>8BJ</scope><scope>8FK</scope><scope>8FL</scope><scope>ABUWG</scope><scope>AFKRA</scope><scope>BENPR</scope><scope>BEZIV</scope><scope>CCPQU</scope><scope>DWQXO</scope><scope>FQK</scope><scope>FRNLG</scope><scope>F~G</scope><scope>JBE</scope><scope>K60</scope><scope>K6~</scope><scope>L.-</scope><scope>M0C</scope><scope>PQBIZ</scope><scope>PQBZA</scope><scope>PQEST</scope><scope>PQQKQ</scope><scope>PQUKI</scope><scope>PRINS</scope><scope>Q9U</scope><orcidid>https://orcid.org/0000-0002-8381-0062</orcidid></search><sort><creationdate>20221201</creationdate><title>Working with women, do men get all the credit?</title><author>Qi, Shusen ; Ongena, Steven ; Cheng, Hua</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c453t-ea0aa01c477fe610b0cedebd04d9addcfcf881774be91f150d155879ffd4622c3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2022</creationdate><topic>Bond markets</topic><topic>Borrowing</topic><topic>Business and Management</topic><topic>Companies</topic><topic>Credit</topic><topic>Discrimination</topic><topic>Entrepreneurship</topic><topic>Females</topic><topic>Financing</topic><topic>Gender</topic><topic>Gender differences</topic><topic>Gender inequality</topic><topic>Industrial Organization</topic><topic>Interest rates</topic><topic>Males</topic><topic>Management</topic><topic>Microeconomics</topic><topic>Mixed gender</topic><topic>Payments</topic><topic>Working women</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Qi, Shusen</creatorcontrib><creatorcontrib>Ongena, Steven</creatorcontrib><creatorcontrib>Cheng, Hua</creatorcontrib><collection>ECONIS</collection><collection>CrossRef</collection><collection>ProQuest Central (Corporate)</collection><collection>Access via ABI/INFORM (ProQuest)</collection><collection>ABI/INFORM Global (PDF only)</collection><collection>Entrepreneurship Database</collection><collection>ProQuest Central (purchase pre-March 2016)</collection><collection>ABI/INFORM Global (Alumni Edition)</collection><collection>Entrepreneurship Database (Alumni Edition)</collection><collection>ProQuest Pharma Collection</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>ProQuest Central (Alumni) (purchase pre-March 2016)</collection><collection>ABI/INFORM Collection (Alumni Edition)</collection><collection>ProQuest Central (Alumni Edition)</collection><collection>ProQuest Central UK/Ireland</collection><collection>ProQuest Central</collection><collection>Business Premium Collection</collection><collection>ProQuest One Community College</collection><collection>ProQuest Central Korea</collection><collection>International Bibliography of the Social Sciences</collection><collection>Business Premium Collection (Alumni)</collection><collection>ABI/INFORM Global (Corporate)</collection><collection>International Bibliography of the Social Sciences</collection><collection>ProQuest Business Collection (Alumni Edition)</collection><collection>ProQuest Business Collection</collection><collection>ABI/INFORM Professional Advanced</collection><collection>ABI/INFORM Global</collection><collection>ProQuest One Business</collection><collection>ProQuest One Business (Alumni)</collection><collection>ProQuest One Academic Eastern Edition (DO NOT USE)</collection><collection>ProQuest One Academic</collection><collection>ProQuest One Academic UKI Edition</collection><collection>ProQuest Central China</collection><collection>ProQuest Central Basic</collection><jtitle>Small business economics</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Qi, Shusen</au><au>Ongena, Steven</au><au>Cheng, Hua</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Working with women, do men get all the credit?</atitle><jtitle>Small business economics</jtitle><stitle>Small Bus Econ</stitle><date>2022-12-01</date><risdate>2022</risdate><volume>59</volume><issue>4</issue><spage>1427</spage><epage>1447</epage><pages>1427-1447</pages><issn>0921-898X</issn><eissn>1573-0913</eissn><abstract>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. Plain English Summary Is mixing genders at the top good or bad for firm financing? It may matter or not. To arrive at this answer, we study almost 7,500 small and medium-sized firms from 22 countries. When borrowing from banks, firms that are both managed and owned by females obtain less financing. In contrast, if the manager and the owner have a different gender, we find no such differences with male-only firms. The implication is that bankers rightly or wrongly seem to assume that women invariably play second fiddle in mixed-gender firms. More progress toward gender equality seems possible.</abstract><cop>New York</cop><pub>Springer US</pub><doi>10.1007/s11187-021-00579-1</doi><tpages>21</tpages><orcidid>https://orcid.org/0000-0002-8381-0062</orcidid><oa>free_for_read</oa></addata></record>
fulltext fulltext
identifier ISSN: 0921-898X
ispartof Small business economics, 2022-12, Vol.59 (4), p.1427-1447
issn 0921-898X
1573-0913
language eng
recordid cdi_proquest_journals_2737270129
source SpringerNature Journals; EBSCOhost Business Source Complete
subjects Bond markets
Borrowing
Business and Management
Companies
Credit
Discrimination
Entrepreneurship
Females
Financing
Gender
Gender differences
Gender inequality
Industrial Organization
Interest rates
Males
Management
Microeconomics
Mixed gender
Payments
Working women
title Working with women, do men get all the credit?
url https://sfx.bib-bvb.de/sfx_tum?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2024-12-24T06%3A28%3A19IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-proquest_cross&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=Working%20with%20women,%20do%20men%20get%20all%20the%20credit?&rft.jtitle=Small%20business%20economics&rft.au=Qi,%20Shusen&rft.date=2022-12-01&rft.volume=59&rft.issue=4&rft.spage=1427&rft.epage=1447&rft.pages=1427-1447&rft.issn=0921-898X&rft.eissn=1573-0913&rft_id=info:doi/10.1007/s11187-021-00579-1&rft_dat=%3Cproquest_cross%3E2737270129%3C/proquest_cross%3E%3Curl%3E%3C/url%3E&disable_directlink=true&sfx.directlink=off&sfx.report_link=0&rft_id=info:oai/&rft_pqid=2737270129&rft_id=info:pmid/&rfr_iscdi=true