Access to Credit by Firms in Sub-Saharan Africa: How Relevant Is Gender?
- (pp. 293-97)
AbstractThe literature on the determinants of firms' financing constraints has paid little attention to gender as a determinant of access to finance. Using data for 34,342 firms from 90 developing countries, the paper analyzes the determinants of firms' financing constraints and assesses whether female-owned firms are more financially constrained than male-owned businesses. The results show that female-owned firms in sub-Saharan Africa are more likely to be financially constrained than male-owned firms, but there is no gender gap in other developing regions. The gender gap in sub-Saharan Africa is robust to variations in specifications and econometric estimation procedures.
Citation2013. "Access to Credit by Firms in Sub-Saharan Africa: How Relevant Is Gender?" American Economic Review, 103(3): 293-97. DOI: 10.1257/aer.103.3.293
- J16 Economics of Gender; Non-labor Discrimination
- G21 Banks; Depository Institutions; Micro Finance Institutions; Mortgages
- G32 Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
- O14 Industrialization; Manufacturing and Service Industries; Choice of Technology
- O16 Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance