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Start-Up Capital and Women's Entrepreneurship: Evidence from Swaziland

Zuzana Brixiová () and Thierry Kangoye ()
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Thierry Kangoye: African Development Bank

No 10279, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: This paper examines gender differences in entrepreneurial performance and their links with start-up capital utilizing a search model and empirical analysis of survey of entrepreneurs from Swaziland. The results show that entrepreneurs of both genders with higher start-up capital record better sales performance than those with smaller amounts of capital. For women entrepreneurs, formal finance sources of start-up capital are also associated with higher sales. However, as in other developing countries, women entrepreneurs in Swaziland have smaller start-up capital and are less likely to fund it from formal sources than men. Among women entrepreneurs, those with college education and confident in their skills tend to start their firms with higher amounts of capital. Professional support also matters, as women with such support are more likely to fund their start-up capital from the formal financial sector.

Keywords: women's entrepreneurship; start-up capital; search model; multivariate analysis (search for similar items in EconPapers)
JEL-codes: L53 O12 C61 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-afr, nep-cfn, nep-cse, nep-ent, nep-ino and nep-sbm
Date: 2016-10
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Working Paper: Start-Up Capital and Women's Entrepreneurship: Evidence from Swaziland (2016) Downloads
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