Research output

Article in Journal ()

The Rise of Female Entrepreneurs: New Evidence on Gender Differences in Liquidity Constraints

Citation
Sauer RM & Wilson T (2016) The Rise of Female Entrepreneurs: New Evidence on Gender Differences in Liquidity Constraints, European Economic Review, 86, pp. 73-86.

Abstract
In this paper, we study the importance of liquidity constraints for entrepreneurial activity, using previously unexplored data from the UK. Using inheritances as an instrument, IV estimates reveal that single women drive the overall relationship between personal wealth and the propensity to start a new business. Defining business ownership rather than self-employment as the entrepreneurial outcome measure is also shown to be critical. Using self-employment leads to selection bias and underestimates the impact of personal wealth. The results imply that efforts aimed at relieving the liquidity constraints of single women could help further accelerate the recent rise of female entrepreneurship.

Keywords
Entrepreneurship; Liquidity constraints

StatusPublished
AuthorsSauer Robert M, Wilson Tanya
Publication date07/2016
Publication date online02/12/2015
Date accepted by journal30/10/2015
PublisherElsevier
ISSN 0014-2921
LanguageEnglish

Journal
European Economic Review: Volume 86

© University of Stirling FK9 4LA Scotland UK • Telephone +44 1786 473171 • Scottish Charity No SC011159
My Portal