Gender, Credit, and Firm Outcomes

Manthos Delis (), Iftekhar Hasan, Maria Iosifidi and Steven Ongena
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Maria Iosifidi: University of Surrey - Surrey Business School

No 19-70, Swiss Finance Institute Research Paper Series from Swiss Finance Institute

Abstract: Small and micro enterprises are usually majority owned by entrepreneurs. Using a unique sample of loan applications from such firms, we study the role of owners’ gender in the credit decision of banks and the post-credit decision firm outcomes. We find that, ceteris paribus, female entrepreneurs are more prudent loan applicants, with both the probabilities to apply for credit and of firm default after the loan origination being smaller. However, the relatively more aggressive behavior of male applicants pays off in terms of higher average firm performance after the loan origination.

Keywords: Gender; Loan applications; Bank’s credit decision; Firm profitability and default (search for similar items in EconPapers)
JEL-codes: G21 G32 J16 (search for similar items in EconPapers)
Pages: 51 pages
Date: 2019-10
New Economics Papers: this item is included in nep-gen
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Related works:
Journal Article: Gender, Credit, and Firm Outcomes (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:chf:rpseri:rp1970

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