 Blended Finance and Female EntrepreneurshipAydın, Halil Ibrahim, Cagatay Bircan and Ralph De Haas No 18763, CEPR Discussion Papers from Centre for Economic Policy Research Abstract: We study the real and allocative consequences of relaxing gender-specific credit constraints by analyzing a blended finance program that expanded bank lending to female entrepreneurs in Turkey. Merging credit registry data, firm-level tax records, and matched employer-employee data, we find that participating banks increase their share of credit to women by over 18%, a sustained effect driven by lending to existing, poached, and first-time female borrowers. Beneficiary firms increase investment, employment, sales, and profits, diversify their business networks, and exit less. While treated banks also expand lending to male entrepreneurs, this increase is smaller and disproportionately directed toward higher-productivity firms, suggesting reallocation rather than crowding out. District-level effects on female entrepreneurship are absent, reflecting the program's modest scale. Our results provide well-identified evidence for mechanisms central to quantitative models of female entrepreneurship and capital misallocation. JEL-codes: D22 G21 G32 H81 J16 L26 O16 (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:cpr:ceprdp:18763 Ordering information: This working paper can be ordered from Access Statistics for this paper More papers in CEPR Discussion Papers from Centre for Economic Policy Research 33 Great Sutton Street, London EC1V 0DX, UK. |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.