Women self-perception and access to credit: The power of role models

Caroline Perrin, Jérémie Bertrand and Paul-Olivier Klein

Finance Research Letters, 2023, vol. 58, issue PB

Abstract: This study demonstrates how female role model encourages women-led firms to apply for a credit. Employing a sample of 29,157 firms from 112 countries between 2009 and 2020, our results indicate that the exposure to a female political leader offsets the likelihood for woman-led firms to be discouraged. This is explained by reduced emotional barriers to apply for a credit and is function of the personal status of the role model and its proximity with the female CEO.

Keywords: Gender economics; Credit market; Behavioral economics; Stereotypes (search for similar items in EconPapers)
JEL-codes: G21 G34 J16 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:58:y:2023:i:pb:s1544612323007985

DOI: 10.1016/j.frl.2023.104426

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