Perceived financial barriers and the start-up decision: An econometric analysis of gender differences using GEM data

Hdl Handle:
http://hdl.handle.net/10149/100145
Title:
Perceived financial barriers and the start-up decision: An econometric analysis of gender differences using GEM data
Authors:
Roper, S. (Stephen); Scott, J. M. (Jonathan)
Affiliation:
Queen's University Belfast. School of Management.
Citation:
Roper, S. and Scott, J. M. (2009) 'Perceived financial barriers and the start-up decision: An econometric analysis of gender differences using GEM data', International Small Business Journal, 27 (2), pp.149-171.
Publisher:
SAGE Publications
Journal:
International Small Business Journal
Issue Date:
Apr-2009
URI:
http://hdl.handle.net/10149/100145
DOI:
10.1177/0266242608100488
Abstract:
Although accessing finance is key to the foundation of any business, particular concerns have been expressed about the ability of UK women-owned firms to obtain external finance. In this article we use an econometric approach to explore the effect of perceptions of financial barriers to start-up on the start-up decision itself. Our analysis is based on the Global Entrepreneurship Monitor (GEM) UK 2004 database. Standardizing for a range of individual characteristics, we find that women are around 7.4% more likely to perceive financial barriers to business start-up than men.As perceptions of financial barriers are linked negatively to the start-up decision, stronger perceptions of financial barriers among women are having a disproportionate effect on women's start-up decisions. However, being female also has an additional negative effect on the start-up decision, not linked to financial barriers. Policy responses, therefore, need to take into account the demand-side with the aim of countering the more negative perceptions of start-up finance among potential women entrepreneurs. Mentoring and confidencebuilding programmes are obvious possibilities.We also find support for the value of university and college-based work experience programmes.
Type:
Article
Language:
en
Keywords:
entrepreneurship; finance; gender; SME; start-up; women
ISSN:
0266-2426
Rights:
Subject to restrictions, author can archive post-print (ie final draft post-refereeing). For full details see http://www.sherpa.ac.uk/romeo/ [Acessed 02/06/2010]
Citation Count:
4 [Scopus, 02/06/2010]

Full metadata record

DC FieldValue Language
dc.contributor.authorRoper, S. (Stephen)en
dc.contributor.authorScott, J. M. (Jonathan)en
dc.date.accessioned2010-06-02T14:42:10Z-
dc.date.available2010-06-02T14:42:10Z-
dc.date.issued2009-04-
dc.identifier.citationInternational Small Business Journal; 27(2):149-171en
dc.identifier.issn0266-2426-
dc.identifier.doi10.1177/0266242608100488-
dc.identifier.urihttp://hdl.handle.net/10149/100145-
dc.description.abstractAlthough accessing finance is key to the foundation of any business, particular concerns have been expressed about the ability of UK women-owned firms to obtain external finance. In this article we use an econometric approach to explore the effect of perceptions of financial barriers to start-up on the start-up decision itself. Our analysis is based on the Global Entrepreneurship Monitor (GEM) UK 2004 database. Standardizing for a range of individual characteristics, we find that women are around 7.4% more likely to perceive financial barriers to business start-up than men.As perceptions of financial barriers are linked negatively to the start-up decision, stronger perceptions of financial barriers among women are having a disproportionate effect on women's start-up decisions. However, being female also has an additional negative effect on the start-up decision, not linked to financial barriers. Policy responses, therefore, need to take into account the demand-side with the aim of countering the more negative perceptions of start-up finance among potential women entrepreneurs. Mentoring and confidencebuilding programmes are obvious possibilities.We also find support for the value of university and college-based work experience programmes.en
dc.language.isoenen
dc.publisherSAGE Publicationsen
dc.rightsSubject to restrictions, author can archive post-print (ie final draft post-refereeing). For full details see http://www.sherpa.ac.uk/romeo/ [Acessed 02/06/2010]en
dc.subjectentrepreneurshipen
dc.subjectfinanceen
dc.subjectgenderen
dc.subjectSMEen
dc.subjectstart-upen
dc.subjectwomenen
dc.titlePerceived financial barriers and the start-up decision: An econometric analysis of gender differences using GEM dataen
dc.typeArticleen
dc.contributor.departmentQueen's University Belfast. School of Management.en
dc.identifier.journalInternational Small Business Journalen
ref.citationcount4 [Scopus, 02/06/2010]en
or.citation.harvardRoper, S. and Scott, J. M. (2009) 'Perceived financial barriers and the start-up decision: An econometric analysis of gender differences using GEM data', International Small Business Journal, 27 (2), pp.149-171.-
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