Does corruption influence the self-restraint attitude of women-led SMEs towards bank lending?

In this article 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 European Central Bank- Survey on the Access to Finance of Enterpri...

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Main Authors: Galli, Emma, Mascia, Danilo Valerio, Rossi, Stefania Patrizia Sonia
Format: Article
Published: Oxford University Press 2018
Online Access:https://eprints.nottingham.ac.uk/49116/
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author Galli, Emma
Mascia, Danilo Valerio
Rossi, Stefania Patrizia Sonia
author_facet Galli, Emma
Mascia, Danilo Valerio
Rossi, Stefania Patrizia Sonia
author_sort Galli, Emma
building Nottingham Research Data Repository
collection Online Access
description In this article 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 European Central Bank- Survey on the Access to Finance of Enterprises (ECB-SAFE)—related to small- and medium- sized enterprises (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.
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spelling nottingham-491162020-05-04T19:25:12Z https://eprints.nottingham.ac.uk/49116/ Does corruption influence the self-restraint attitude of women-led SMEs towards bank lending? Galli, Emma Mascia, Danilo Valerio Rossi, Stefania Patrizia Sonia In this article 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 European Central Bank- Survey on the Access to Finance of Enterprises (ECB-SAFE)—related to small- and medium- sized enterprises (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. Oxford University Press 2018-01-03 Article PeerReviewed Galli, Emma, Mascia, Danilo Valerio and Rossi, Stefania Patrizia Sonia (2018) Does corruption influence the self-restraint attitude of women-led SMEs towards bank lending? CESifo Economic Studies . ISSN 1610-241X https://academic.oup.com/cesifo/advance-article/doi/10.1093/cesifo/ifx021/4782526 doi:10.1093/cesifo/ifx021 doi:10.1093/cesifo/ifx021
spellingShingle Galli, Emma
Mascia, Danilo Valerio
Rossi, Stefania Patrizia Sonia
Does corruption influence the self-restraint attitude of women-led SMEs towards bank lending?
title Does corruption influence the self-restraint attitude of women-led SMEs towards bank lending?
title_full Does corruption influence the self-restraint attitude of women-led SMEs towards bank lending?
title_fullStr Does corruption influence the self-restraint attitude of women-led SMEs towards bank lending?
title_full_unstemmed Does corruption influence the self-restraint attitude of women-led SMEs towards bank lending?
title_short Does corruption influence the self-restraint attitude of women-led SMEs towards bank lending?
title_sort does corruption influence the self-restraint attitude of women-led smes towards bank lending?
url https://eprints.nottingham.ac.uk/49116/
https://eprints.nottingham.ac.uk/49116/
https://eprints.nottingham.ac.uk/49116/