Is there an employee-based gender gap in informal financial markets? International evidence

Jiafu AN

doi:10.1016/j.jcorpfin.2020.101737

Is there an employee-based gender gap in informal financial markets? International evidence

Jiafu AN

Research output: Journal Publications › Journal Article (refereed) › peer-review

5 Citations (Scopus)

Abstract

We study the impact of female production workers on firms' access to trade credits across the world. Using two sources of plausibly exogenous variations in gender bias and a difference-in-differences framework, we document that firms with more female production workers have less access to trade credits in countries with stronger gender beliefs that favor males. This relationship is largely driven by firms in industries with unexpected credit shortages and industries dominated by males. Since female firms rely more on informal finance, this study is relevant for policies that direct female firms towards formal credit markets in highly gender-biased places.

Original language	English
Article number	101737
Journal	Journal of Corporate Finance
Volume	65
DOIs	https://doi.org/10.1016/j.jcorpfin.2020.101737
Publication status	Published - Dec 2020
Externally published	Yes

Bibliographical note

I thank the Editor and an anonymous referee for very helpful and constructive comments that substantially improved the paper. This paper is drawn from the third chapter of my Ph.D. thesis. I thank Franklin Allen, Brian Main, Yiling Chen, Jiandong Chen, Zhangfan Cao, Jo Danbolt, Yizhe Dong, Rong Ding, Tinghua Duan, Angelica Gonzalez, Shiqi Guo, Wenxuan Hou, Haicheng Jiang, Mengfei Jiang, Martin Kornberger, James Kung, Ross Levine, Chen Lin, Xianda Liu, Sushanta Mallick, Louis Nguyen, Giota Papadimitri, Lamar Pierce, Raghavendra Rau, Ben Sila, Jonathan Tweedie, Mengyuan Xiang, Lan Wang, Andrew Wood, Daniel Wolfenzon, Ziwei Xu, Jiaman Xu, Ruoran Zhao and participants at the 34th Annual Congress of the European Economic Association for helpful suggestions. This paper was partly written when I was a visiting scholar at Columbia University. I thank their hospitality. All remaining errors are my own.

Keywords

Female employee
Gender bias
Plough
Trade credit

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1016/j.jcorpfin.2020.101737

Cite this

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title = "Is there an employee-based gender gap in informal financial markets? International evidence",

abstract = "We study the impact of female production workers on firms' access to trade credits across the world. Using two sources of plausibly exogenous variations in gender bias and a difference-in-differences framework, we document that firms with more female production workers have less access to trade credits in countries with stronger gender beliefs that favor males. This relationship is largely driven by firms in industries with unexpected credit shortages and industries dominated by males. Since female firms rely more on informal finance, this study is relevant for policies that direct female firms towards formal credit markets in highly gender-biased places.",

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note = "I thank the Editor and an anonymous referee for very helpful and constructive comments that substantially improved the paper. This paper is drawn from the third chapter of my Ph.D. thesis. I thank Franklin Allen, Brian Main, Yiling Chen, Jiandong Chen, Zhangfan Cao, Jo Danbolt, Yizhe Dong, Rong Ding, Tinghua Duan, Angelica Gonzalez, Shiqi Guo, Wenxuan Hou, Haicheng Jiang, Mengfei Jiang, Martin Kornberger, James Kung, Ross Levine, Chen Lin, Xianda Liu, Sushanta Mallick, Louis Nguyen, Giota Papadimitri, Lamar Pierce, Raghavendra Rau, Ben Sila, Jonathan Tweedie, Mengyuan Xiang, Lan Wang, Andrew Wood, Daniel Wolfenzon, Ziwei Xu, Jiaman Xu, Ruoran Zhao and participants at the 34th Annual Congress of the European Economic Association for helpful suggestions. This paper was partly written when I was a visiting scholar at Columbia University. I thank their hospitality. All remaining errors are my own.",

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AB - We study the impact of female production workers on firms' access to trade credits across the world. Using two sources of plausibly exogenous variations in gender bias and a difference-in-differences framework, we document that firms with more female production workers have less access to trade credits in countries with stronger gender beliefs that favor males. This relationship is largely driven by firms in industries with unexpected credit shortages and industries dominated by males. Since female firms rely more on informal finance, this study is relevant for policies that direct female firms towards formal credit markets in highly gender-biased places.

KW - Female employee

KW - Gender bias

KW - Plough

KW - Trade credit

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ER -

Is there an employee-based gender gap in informal financial markets? International evidence

Abstract

Bibliographical note

Keywords

UN SDGs

Access to Document

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