Galli, E, Mascia, DV and Rossi, SPS (2018) Does Corruption Influence the Self-Restraint Attitude of Women-led SMEs towards Bank Lending? CESifo Economic Studies, 64 (3). pp. 426-455. ISSN 1610-241X
Abstract
In this article we address the question of whether the perceived level of corruption in a country may influence women’s inclination in self-refraining from applying for bank loans. Using a sample of 60,058 observations—drawn from the European Central Bank- Survey on the Access to Finance of Enterprises (ECB-SAFE)—related to small- and medium- sized enterprises (SMEs) chartered in 11 Euro-area countries during the period 2009–2014, we first investigate whether female-led businesses are more likely, than male-led ones, to refrain from applying for bank credit. Finally, we assess whether corruption actually matters in the women’s decision not to relying on the bank-lending channel. Our results—robust to various model specifications—highlight that women-led SMEs face a higher probability to self-refrain from applying for loans vis-à-vis their male counterparts. In addition, although corruption appears strongly correlated to the self-restraint attitudes of firms, our empirical analysis reveals that women-led SMEs generally tend to refrain from applying for loans, more than men, regardless of the quality of the surrounding environment. (JEL codes: G20, G30, G32, J16)
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2018, The Author(s). Published by Oxford University Press on behalf of Ifo Institute, Munich. All rights reserved. This article has been published in a revised form in CESifo Economic Studies [https://doi.org/10.1093/cesifo/ifx021]. This version is free to view and download for private research and study only. Not for re-distribution, re-sale or use in derivative works. Uploaded in accordance with the publisher's self-archiving policy. |
Keywords: | demand for bank credit; SMEs; gender; corruption |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Business (Leeds) > Accounting & Finance Division (LUBS) (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 05 Apr 2019 13:25 |
Last Modified: | 03 Jan 2020 01:39 |
Status: | Published |
Publisher: | Oxford University Press |
Identification Number: | 10.1093/cesifo/ifx021 |
Related URLs: | |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:144483 |