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Female-owned firms in Latin America : characteristics, performance, and obstacles to growth, Volume 1
 
Author:Bruhn, Miriam; Collection Title:Policy Research working paper ; no. WPS 5122
Country:Latin America; Date Stored:2009/12/17
Document Date:2009/11/01Document Type:Policy Research Working Paper
Language:EnglishMajor Sector:Finance
Rel. Proj ID:1W-Program Research Proposal In Finance -- -- P107616;Region:Latin America & Caribbean
Report Number:WPS5122Sub Sectors:General finance sector
Volume No:1  

Summary: This paper examines the characteristics and performance of female-owned firms in Latin America. Data from firm surveys show that female-owned firms tend to be smaller than male-owned firms in terms of employees, sales, costs, and physical capital. Female-owned firms also have lower profits than male-owned firms, but for larger firms this difference disappears after controlling for labor and capital inputs. Medium-size and large female-owned firms are as productive as male-owned firms of the same size, although micro and small female-owned firms are less productive than male-owned firms. There is no evidence that the differences between female and male-owned firms are due to differences in access to finance or regulatory burdens. However, this paper finds a negative correlation between child care and household obligations and female-owned firm size and performance.

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