Does Female Bank Leadership Affect Firm Credit?

Axelle Heyert and Laurent Weill
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Axelle Heyert: LaRGE Research Center, Université de Strasbourg

Working Papers of LaRGE Research Center from Laboratoire de Recherche en Gestion et Economie (LaRGE), Université de Strasbourg

Abstract: This study examines how female bank leadership influences firms’ bank debt. We combine bank-level and firm-level data to construct a sample of about 116,000 firms from eleven European countries. We hypothesize that higher female bank leadership leads to lower firms’ bank debt, consistent with the view of higher risk aversion for women relative to men. We find that female bank leadership reduces firms’ bank debt. This effect varies with the maturity of bank debt, as female bank leadership contributes to lower long-term bank debt but higher short-term bank debt. We also find that female bank leadership exerts a lower detrimental impact on firms’ bank debt for female-led companies. Overall, our results indicate that greater female bank leadership can hamper access to credit of firms.

Keywords: banking; gender; access to credit. (search for similar items in EconPapers)
JEL-codes: D22 G21 G41 (search for similar items in EconPapers)
Date: 2024
New Economics Papers: this item is included in nep-cfn and nep-gen
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Persistent link: https://EconPapers.repec.org/RePEc:lar:wpaper:2024-08

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