Female leadership and borrowing constraints: Evidence from an emerging economy

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Date

2022

Authors

Bui, A.T.
Nguyen, C.V.
Pham, T.P.
Phung, D.T.

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Journal Title

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Journal article

Citation

International Review of Financial Analysis, 2022; 81:101332-1-101332-14

Statement of Responsibility

Anh Tuan Bui, Cuong Viet Nguyen, Thu Phuong Pham, Duc Tung Phung

Conference Name

DOI

10.1016/j.irfa.2019.01.012

Abstract

This study investigates the differences in credit access between male-managed and female-managed firms using two Enterprise Censuses in Vietnam. Our findings reveal that women-managed firms are less likely to borrow from commercial banks than their male counterparts, even when controlling for other determinants such as CEO education and experience, firm size, and ownership. No difference in credit access is documented for firms borrowing from non-commercial banks. Once we control for firm characteristics and CEO demographic factors, approved loan size is higher for firms managed by female CEOs regardless of the borrowing source. Using decomposition analysis, we find firm size contributes most in explaining the difference in credit access between female and male-managed companies.

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Dissertation Note

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Available online 24 March 2019

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© 2019 Elsevier Inc. All rights reserved.

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Published Version

https://doi.org/10.1016/j.irfa.2019.01.012

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Persistent link to this record

http://hdl.handle.net/2440/125598