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

Caroline Perrin, Jérémie Bertrand and Paul-Olivier Klein
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Caroline Perrin: Universiteit Utrecht / Utrecht University [Utrecht]
Jérémie Bertrand: LEM - Lille économie management - UMR 9221 - UA - Université d'Artois - UCL - Université catholique de Lille - Université de Lille - CNRS - Centre National de la Recherche Scientifique
Paul-Olivier Klein: MAGELLAN - Laboratoire de Recherche Magellan - UJML - Université Jean Moulin - Lyon 3 - Université de Lyon - Institut d'Administration des Entreprises (IAE) - Lyon

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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.

Date: 2023-12
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Citations: View citations in EconPapers (2)

Published in Finance Research Letters, 2023, 58 (B), pp.104426. ⟨10.1016/j.frl.2023.104426⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04381575

DOI: 10.1016/j.frl.2023.104426

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