Financing Strategies of New Technology-Based Firms: A Comparison of Women-and Men-Owned Firms

In this article we used data from the Kauffman Firm Survey to compare the financing strategies of women-and men-owned new technology-based firms. Our findings reveal that women raised dramatically less financial capital than men in the startup year and in the subsequent four years of operation. We a...

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Detalles Bibliográficos
Autores principales:	Robb,Alicia M, Coleman,Susan
Lenguaje:	English
Publicado:	Universidad Alberto Hurtado. Facultad de Economía y Negocios 2010
Materias:	new technology-based firms women-owned firm financing strategies
Acceso en línea:	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-27242010000100003
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spelling	oai:scielo:S0718-272420100001000032010-08-11Financing Strategies of New Technology-Based Firms: A Comparison of Women-and Men-Owned FirmsRobb,Alicia MColeman,Susan new technology-based firms women-owned firm financing strategies In this article we used data from the Kauffman Firm Survey to compare the financing strategies of women-and men-owned new technology-based firms. Our findings reveal that women raised dramatically less financial capital than men in the startup year and in the subsequent four years of operation. We also found that women used a significantly higher level of external debt and a significantly lower level of external equity during the startup year. Although our findings do not allow us to definitively rule out the possibility of discrimination, particularly in the market for external equity, our results indicate that women may have different motivations and expectations for their firms. These, in turn, may determine some of their financing choices.info:eu-repo/semantics/openAccessUniversidad Alberto Hurtado. Facultad de Economía y NegociosJournal of technology management & innovation v.5 n.1 20102010-06-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-27242010000100003en10.4067/S0718-27242010000100003
institution	Scielo Chile
collection	Scielo Chile
language	English
topic	new technology-based firms women-owned firm financing strategies
spellingShingle	new technology-based firms women-owned firm financing strategies Robb,Alicia M Coleman,Susan Financing Strategies of New Technology-Based Firms: A Comparison of Women-and Men-Owned Firms
description	In this article we used data from the Kauffman Firm Survey to compare the financing strategies of women-and men-owned new technology-based firms. Our findings reveal that women raised dramatically less financial capital than men in the startup year and in the subsequent four years of operation. We also found that women used a significantly higher level of external debt and a significantly lower level of external equity during the startup year. Although our findings do not allow us to definitively rule out the possibility of discrimination, particularly in the market for external equity, our results indicate that women may have different motivations and expectations for their firms. These, in turn, may determine some of their financing choices.
author	Robb,Alicia M Coleman,Susan
author_facet	Robb,Alicia M Coleman,Susan
author_sort	Robb,Alicia M
title	Financing Strategies of New Technology-Based Firms: A Comparison of Women-and Men-Owned Firms
title_short	Financing Strategies of New Technology-Based Firms: A Comparison of Women-and Men-Owned Firms
title_full	Financing Strategies of New Technology-Based Firms: A Comparison of Women-and Men-Owned Firms
title_fullStr	Financing Strategies of New Technology-Based Firms: A Comparison of Women-and Men-Owned Firms
title_full_unstemmed	Financing Strategies of New Technology-Based Firms: A Comparison of Women-and Men-Owned Firms
title_sort	financing strategies of new technology-based firms: a comparison of women-and men-owned firms
publisher	Universidad Alberto Hurtado. Facultad de Economía y Negocios
publishDate	2010
url	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-27242010000100003
work_keys_str_mv	AT robbaliciam financingstrategiesofnewtechnologybasedfirmsacomparisonofwomenandmenownedfirms AT colemansusan financingstrategiesofnewtechnologybasedfirmsacomparisonofwomenandmenownedfirms
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Financing Strategies of New Technology-Based Firms: A Comparison of Women-and Men-Owned Firms

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