Female innovative entrepreneurship and maternity risk

IF 5.6 2区经济学 Q1 BUSINESS, FINANCE

Review of Finance Pub Date : 2024-04-29 DOI:10.1093/rof/rfae014

Fabrizio Core

引用次数: 0

Abstract

This paper documents the existence of an intensive margin of the gender gap in innovative entrepreneurship. Not only there are fewer women than men who become entrepreneurs, but female entrepreneurs also hold smaller equity stakes, make less substantial investments, and are less frequently appointed as firm executives compared to their male counterparts. Leveraging the context of emergency contraception deregulation in Italy and varying abortion service accessibility, I find that mitigating maternity risk narrows these gaps. Consequently, female-led firms become riskier and more attractive to venture capital investors during their early stages.

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女性创新创业与生育风险

本文记录了创新创业中存在的密集型性别差距。与男性创业者相比，不仅女性创业者人数少于男性，而且女性创业者持有的股权也更少，进行的实质性投资更少，被任命为公司高管的频率也更低。借助意大利放松对紧急避孕药具的管制以及不同堕胎服务的可及性这一背景，我发现降低生育风险可以缩小这些差距。因此，女性领导的企业在早期阶段风险更大，对风险资本投资者更具吸引力。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Review of Finance Multiple-

CiteScore

7.80

自引率

2.30%

发文量

期刊介绍： The Review of Finance, the official journal of the European Finance Association, aims at a wide circulation and visibility in the finance profession. The journal publishes high-quality papers in all areas of financial economics, both established and newly developing fields: • •Asset pricing •Corporate finance •Banking and market microstructure •Law and finance •Behavioral finance •Experimental finance Review of Finance occasionally publishes special issues on timely topics, including selected papers presented at the meetings of the European Finance Association or at other selected conferences in the field.