性别融资差距:假新闻还是证据?

IF 2.3 4区管理学 Q2 BUSINESS, FINANCE

Venture Capital Pub Date : 2020-03-31 DOI:10.1080/13691066.2020.1747692

R. Aernoudt, Amparo De San José

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引用次数: 8

摘要

与男性企业相比，女性领导的企业筹集风险资本的可能性更小，而且筹集的金额更低。然而，女性领导的企业带来了更好的收入表现和投资回报。那么，为什么风险资本家不愿意投资女性领导的企业呢?其中一个原因是，女性企业家过于集中在对投资者吸引力较低的部门，在技术部门的存在感较低。另一个原因是女性企业家寻求风险资本的倾向较低。然而，接近风险投资基金的女性成功融资的可能性几乎和男性一样高。此外，女性领导的企业在筹集后续融资方面表现良好。女性商业天使投资人——在所有商业天使投资人中只占少数——明显倾向于投资女性创始人。

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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A gender financing gap: fake news or evidence?

ABSTRACT Women-led businesses are less likely to raise venture capital than male-only businesses and the amounts that they raise are lower. Yet women-led businesses deliver better revenue performance and return on investment. So why are venture capitalists reluctant to invest in women-led businesses? One reason is that women entrepreneurs are over concentrated in sectors that are less attractive to investors and have a low presence in technology sectors. Another reason is the lower propensity of women entrepreneurs to seek venture capital. However, women who do approach venture capital funds are almost as likely as men to be successful in raising finance. Moreover, women-led businesses perform well in raising follow-on finance. And women business angels – a minority of all business angels – have a clear propensity to invest in women founders.

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来源期刊

Venture Capital BUSINESS, FINANCE-

CiteScore

4.10

自引率

16.70%

发文量

期刊介绍： Venture Capital publishes cutting edge research-based papers from academics and practitioners on all aspects of private equity finance such as: •institutional venture capital •informal venture capital •corporate venture capital •public sector venture capital •community venture capital It also covers all aspects of the venture capital process from investment decision to exit, including studies on: •investment patterns •investment decision-making •investment performance •realisation of investment value exit routes (including the relationship with junior capital markets such as NASDAQ, EASDAQ, AIM and Nouvelle March). •economic impact and public policy