Does a corrupt politico-institutional environment affect the demand of public subsidies for credit access – so-called public guarantee schemes – by small and medium-sized enterprises (SMEs) helmed by female entrepreneurs? The paper tackles this question by using a large sample of European SMEs over 2010–2014 while also carefully addressing possible endogeneity issues. It provides robust evidence that, compared to their male counterparts, female entrepreneurs: (a) tend to demand more public subsidies, and (b) are more sensitive to the quality of the politico-institutional environment. The upshot is that a corrupt environment is not gender neutral: in light of ‘essential gender features,’ corruption negatively influences SMEs helmed by female entrepreneurs more than male ones.
Public guarantee schemes, corruption and gender. A European SME-level analysis / Bonanno, Graziella; Fiorino, Nadia; Garzarelli, Giampaolo; Patrizia Sonia Rossi, Stefania. - In: APPLIED ECONOMICS. - ISSN 1466-4283. - (2020). [10.1080/00036846.2020.1798342]
Public guarantee schemes, corruption and gender. A European SME-level analysis
Giampaolo GarzarelliPenultimo
;
2020
Abstract
Does a corrupt politico-institutional environment affect the demand of public subsidies for credit access – so-called public guarantee schemes – by small and medium-sized enterprises (SMEs) helmed by female entrepreneurs? The paper tackles this question by using a large sample of European SMEs over 2010–2014 while also carefully addressing possible endogeneity issues. It provides robust evidence that, compared to their male counterparts, female entrepreneurs: (a) tend to demand more public subsidies, and (b) are more sensitive to the quality of the politico-institutional environment. The upshot is that a corrupt environment is not gender neutral: in light of ‘essential gender features,’ corruption negatively influences SMEs helmed by female entrepreneurs more than male ones.File | Dimensione | Formato | |
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APPLIED.ECONOMICS.Public guarantee schemes corruption and gender a European SME level analysis-1.pdf
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