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Money for female entrepreneurs does not grow on trees: start-ups’ financing implications in times of COVID-19
Journal of Entrepreneurship in Emerging Economies Pub Date : 2020-12-10 , DOI: 10.1108/jeee-06-2020-0172
David Villaseca , Julio Navío-Marco , Ricardo Gimeno

Purpose

The purpose of this paper is to understand women’s approaches to acquiring financial and other resources is essential for closing the entrepreneurship gender gap. In nearly 40% of economies, women’s early-stage entrepreneurial activity is half or less than half of that of men’s.

Design/methodology/approach

Even when there is extensive literature on female entrepreneurs, the authors review the findings through a Coronavirus Disease 2019 (COVID-1)9 crisis lens, trying to find new perspectives and solutions. With the approach of a systematic review of 4,520 publications on financing topics related to female entrepreneurs, various sources of financing available to female entrepreneurs are considered: bootstrapping, banks, business angels, venture capital and crowdfunding.

Findings

Identifying potential gender bias both on the supply and the demand side of financing, this research highlights new directions in encouraging female entrepreneurship and gives guidelines to public organisations on how to foster advanced forms of financing for female entrepreneurs in COVID-19 times.

Social implications

The COVID-19 pandemic has posed an unprecedented challenge for economies and companies. Female entrepreneurs are the ones who have been hit harder, as they overcome pre-existing barriers, such as lack of access to finance, lack of networks and mentors and gendered priorities, among others. Without ensuring gender policies to counter these incremental negative effects, the authors face the risk of widening the gender gap.

Originality/value

Regarding previous systematic reviews of literature, this paper focusses on a specific challenge, how women entrepreneurs finance their activity, with a double vision: supply and demand of money.



中文翻译:

女企业家的钱不会长在树上:COVID-19 时期初创企业的融资影响

目的

本文的目的是了解女性获取财务和其他资源的方法对于缩小创业性别差距至关重要。在近 40% 的经济体中,女性的早期创业活动是男性的一半或不到一半。

设计/方法/方法

即使有大量关于女性企业家的文献,作​​者也会通过 2019 年冠状病毒病 (COVID-1)9 危机镜头回顾研究结果,试图找到新的观点和解决方案。通过对 4,520 篇有关女性企业家融资主题的出版物进行系统审查,考虑了女性企业家可以获得的各种融资来源:自举、银行、天使投资、风险投资和众筹。

发现

该研究确定了融资供应和需求方面的潜在性别偏见,强调了鼓励女性创业的新方向,并就如何在 COVID-19 时代为女性创业者培育先进的融资形式向公共组织提供指导。

社会影响

COVID-19 大流行给经济体和企业带来了前所未有的挑战。女企业家受到的打击更大,因为她们克服了先前存在的障碍,例如无法获得资金、缺乏网络和导师以及性别优先事项等。如果没有确保性别政策来应对这些渐进的负面影响,作者将面临扩大性别差距的风险。

原创性/价值

关于之前对文献的系统回顾,本文着重于一个具体的挑战,即女企业家如何为她们的活动融资,具有双重视野:货币的供求。

更新日期:2020-12-10
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