In this paper 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 ECB-SAFE – related to 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.

Does Corruption Influence the Self-Restraint Attitude of Women-led SMEs towards Bank Lending?

ROSSI, STEFANIA PATRIZIA SONIA
Membro del Collaboration Group
2018-01-01

Abstract

In this paper 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 ECB-SAFE – related to 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.
2018
3-gen-2018
Pubblicato
https://academic.oup.com/cesifo/article/64/3/426/4782526
File in questo prodotto:
File Dimensione Formato  
CESifo Economic Studies _ Galli_Mascia_Rossi.pdf

Accesso chiuso

Tipologia: Documento in Versione Editoriale
Licenza: Copyright Editore
Dimensione 554.84 kB
Formato Adobe PDF
554.84 kB Adobe PDF   Visualizza/Apri   Richiedi una copia
2911944_CESifo Economic Studies _ Galli_Mascia_Rossi-PostPrint.pdf

accesso aperto

Descrizione: PostPrint VQR3
Tipologia: Bozza finale post-referaggio (post-print)
Licenza: Digital Rights Management non definito
Dimensione 938.92 kB
Formato Adobe PDF
938.92 kB Adobe PDF Visualizza/Apri
Pubblicazioni consigliate

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11368/2911944
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus 7
  • ???jsp.display-item.citation.isi??? 7
social impact