Access to finance: The role of production level technology

Nirosha Wellalage (), Damien Wallace and Krishna Reddy

Finance Research Letters, 2025, vol. 71, issue C

Abstract: The integration of robots and advanced technology in firm-level production processes represents a transformative shift in modern industrial practices. However, there is a lack of cumulative knowledge about the advancement of technology in the production processes affects mitigating the gender gap. Through the lens of financial accessibility, the study investigates how technological advancements influence firms' capacity to secure external financing and get large loans. Using the 2020 WorldBank Enterprises Survey data and a probit model for the analysis, our results suggest that industry robots and a high level of technology in production have the potential to reduce the gender gap in loan approvals. The findings of this have implications for decision-makers and policymakers, seeking to navigate the evolving landscape of technology-driven production and finance to enhance productivity and inclusivity.

Keywords: Robots; High-level technology; Firm value; Agency cost; European countries (search for similar items in EconPapers)
JEL-codes: D21 G12 G14 O32 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:71:y:2025:i:c:s1544612324014892

DOI: 10.1016/j.frl.2024.106460

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