Women’s Entrepreneurship in Global and Local Contexts
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Women’s Entrepreneurship in Global and Local Contexts

Edited by Cristina Díaz-García, Candida G. Brush, Elizabeth G. Gatewood and Friederike Welter

Written by leading scholars from a wide range of countries, this book advances the understanding of women's entrepreneurship by drawing attention to the contexts in which they operate. With its impact on gendered institutions and gendered social forces, it will be of interest for researchers, faculty and students as well as policy-makers and practitioners. It is the fifth in the series of books produced in partnership with the Diana International Research Network.
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Chapter 10: Financing high growth women-owned enterprises: evidence from the United States

Susan Coleman and Alicia Robb

Abstract

Prior research suggests that access to financial capital, a key resource input for growth-oriented firms, may be more of a challenge for women-owned firms than for men. In this study we use data from the Kauffman Firm Survey to examine gender differences in firm growth as well as financing patterns and credit market experiences for a large sample of US firms that began operation in 2004 and were tracked from 2004 through 2011. Our findings revealed significant gender gaps in the amount of capital raised for both growth-oriented and non-growth firms, even controlling for credit risk, industry, and other firm and owner characteristics.

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