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A Meta-Analysis of the Impact of Entrepreneurs’ Gender on their Access to Bank Finance
Luleå University of Technology, Department of Social Sciences, Technology and Arts, Business Administration and Industrial Engineering.ORCID iD: 0000-0003-0290-7522
Department of Industrial Engineering and Management, Aalto University, P.O. Box 15500, Espoo, Finland.
Institute of Responsible Innovation, University of St.Gallen, Dufourstrasse 40a, CH-9000, St. Gallen, Switzerland.
Management & Organization, The Mendoza College of Business, University of Notre Dame, Notre Dame, USA.
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2024 (English)In: Journal of Business Ethics, ISSN 0167-4544, E-ISSN 1573-0697, Vol. 192, p. 803-820Article in journal (Refereed) Published
Abstract [en]

This meta-analysis of 31 studies over 20 years advances our understanding of the gender gap in entrepreneurial bank finance. Findings from previous research on the relationship between entrepreneurs’ gender and bank financing are mixed, which suggests the need to pay particular attention to entrepreneurs’ social context. In this study, we develop a model of how social gender norms explain variation in women entrepreneurs’ (vis-à-vis men entrepreneurs’) access to bank finance. Specifically, we theorize how women’s formal (their nations’ political ideologies) and informal (women’s empowerment) social standing within their societies influence gender discrimination in entrepreneurial bank financing. Consistent with most previous studies, our baseline results show that women entrepreneurs’ business loan applications are rejected to a greater extent than men entrepreneurs’ loan applications. Women entrepreneurs also pay higher interest rates on loans than men entrepreneurs. Further, in societies dominated by a conservative (rather than a liberal) political ideology, the positive relationship between women entrepreneurs and loan interest rates is more positive. Interestingly, gender discrimination in loan rejection and interest rates is magnified in societies with greater women’s empowerment. Taking a social gender-norm perspective, our analysis establishes a gender gap in entrepreneurial bank finance, and we outline an agenda for further research.

Place, publisher, year, edition, pages
Springer Nature, 2024. Vol. 192, p. 803-820
Keywords [en]
Entrepreneurial bank finance, Gender bias, Meta-analysis
National Category
Business Administration
Research subject
Entrepreneurship and Innovation
Identifiers
URN: urn:nbn:se:ltu:diva-101872DOI: 10.1007/s10551-023-05542-6ISI: 001088035400001Scopus ID: 2-s2.0-85174420879OAI: oai:DiVA.org:ltu-101872DiVA, id: diva2:1808354
Note

Validerad;2024;Nivå 2;2024-07-11 (joosat);

Full text license: CC BY

Available from: 2023-10-31 Created: 2023-10-31 Last updated: 2025-10-21Bibliographically approved

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Malmström, MalinWincent, Joakim

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