EconPapers    
Economics at your fingertips  
 

Girls Just Wanna Have Funds? The Effect of Women-Friendly Legislation on Women-Led Firms’ Access to Credit

Jérémie Bertrand () and Caroline Perrin ()
Additional contact information
Jérémie Bertrand: IESEG School of Management - LEM-CNRS 9221
Caroline Perrin: University of Strasbourg

No 2022-ACF-01, Working Papers from IESEG School of Management

Abstract: Does a women-friendly legal environment really help women overcome discrimination in credit markets? By examining antidiscrimination laws and their implications for women-led businesses' access to credit in 124 countries, the current study differentiates an effect on discouragement (i.e., not asking for credit when they need it, demand-side) and an effect on the probability that they obtain credit (supply-side). Legal protections are associated with lower women-led firms’ discouragement, but they do not attain more credit. This effect is notable with regard to emotional discouragement and prevails among smaller firms; the supply-side effect also vanishes in Muslim-majority countries. Finally, enforcement efforts dramatically amplify the effect of women-friendly laws on self-restrictions in terms of credit and enable women to access more credit. These results are robust to several tests.

Keywords: banking; gender; access to credit; borrower discouragement (search for similar items in EconPapers)
JEL-codes: G21 J71 K38 (search for similar items in EconPapers)
Pages: 43
Date: 2022-01
New Economics Papers: this item is included in nep-ban
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://www.ieseg.fr/wp-content/uploads/2022/01/2022-ACF-01.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ies:wpaper:f202201

Access Statistics for this paper

More papers in Working Papers from IESEG School of Management Contact information at EDIRC.
Bibliographic data for series maintained by Joao DA CUNHA ().

 
Page updated 2022-10-03
Handle: RePEc:ies:wpaper:f202201