Choices or constraints: decoding financial empowerment among women entrepreneurs in France

Entre choix et contraintes: décryptage de l’empouvoirement financier chez les femmes entrepreneures en France

Jonathan Labbé (), Typhaine Lebègue () and Abdel Malik Ola ()
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Jonathan Labbé: CEREFIGE - Centre Européen de Recherche en Economie Financière et Gestion des Entreprises - UL - Université de Lorraine, IAE Nancy - IAE Nancy School of Management - UL - Université de Lorraine
Typhaine Lebègue: VALLOREM - Val de Loire Recherche en Management - UO - Université d'Orléans - UT - Université de Tours, Institut d'Administration des Entreprises (IAE) - Tours
Abdel Malik Ola: VALLOREM - Val de Loire Recherche en Management - UO - Université d'Orléans - UT - Université de Tours, Institut d'Administration des Entreprises (IAE) - Tours

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Abstract: This research examines the empowerment of women entrepreneurs in the context of entrepreneurial financing in France. It explores the factors that allow some women entrepreneurs to access certain categories of external finance more easily. The theoretical framework used is based on the concept of empowerment, explored through its personal and relational dimensions. The study relies on a quantitative approach, using data from a representative of women entrepreneurs. The results show that the status of a founder affects access to external finance in different ways: it increases the chances of successful fundraising, but reduces the chances of obtaining bank finance. This finding highlights the importance of empowerment dynamics, which vary according to the type of financing. In addition, characteristics such as the presence of a spouse in the business, high income, membership of a professional network and the diversity of this network complete the analysis of inequalities in access. This study, the first of its kind in France, suggests ways of enriching our understanding of the diversity of situations experienced by female founders, thus helping to deconstruct the homogeneous image of women's entrepreneurship.

Keywords: Women entrepreneurs; Empowerment; External financing; Bank financing; Fundraising; Femmes entrepreneures Empouvoirement Financement externe Financement bancaire Levée de fonds Women entrepreneurs Empowerment External financing Bank financing Fundraising; Femmes entrepreneures; Empouvoirement; Financement externe; Financement bancaire; Levée de fonds Women entrepreneurs (search for similar items in EconPapers)
Date: 2025-04-17
Note: View the original document on HAL open archive server: https://hal.science/hal-05062928v1
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Published in Revue Internationale PME, 2025, 38 (1), pp.73-93. ⟨10.7202/1117705ar⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05062928

DOI: 10.7202/1117705ar

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