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- Publisher
- Taylor & Francis
- Copyright
- © 2015 Journal of the Canadian Council for Small Business and Entrepreneurship/Council de la PME et de l'entrepreneuriat
- ISSN
- 2169-2610
- eISSN
- 0827-6331
- DOI
- 10.1080/08276331.2015.1012937
- Publisher site
- See Article on Publisher Site
Abstract
Female business owners are more likely to be discouraged from applying for a bank loan compared to male business owners because they fear that their application will be rejected. Analyzing data from three ‘Surveys of Small Business Finances,’ our study examines the likely reasons why they are discouraged. Using the maximum likelihood approach, we estimate the probability of loan denial. We found evidence of bank discrimination against female-owned businesses, which in turn prevents women entrepreneurs applying for credit (feedback effect). We recommend that further investigation of this feedback effect of loan denial on business owners' decision-making process be undertaken.
Journal
Journal of Small Business & Entrepreneurship – Taylor & Francis
Published: Mar 4, 2014
Keywords: discouraged borrowers; women entrepreneurs; small business finances; discrimination in lending; emprunteurs découragés; femmes d'entreprise; discrimination à l'emprunt