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Equity Crowdfunding Success for Female Entrepreneurs: French Evidence

Author

Listed:
  • Guillaume Andrieu

    (Montpellier Business School & University of Montpellier)

  • Benjamin Le pendeven

    (Audencia Business School)

  • Gaël Leboeuf

    (Lyon 2 University)

Abstract

A large body of literature documents the significant difficulties experienced by female entrepreneurs in obtaining early-stage funding from investors. We investigate this issue in the emerging equity crowdfunding (ECF) context. Our results, based on data from four French ECF platforms, confirm that the feminisation of top management significantly reduces the likelihood of funding, suggesting that crowdfunding does not alleviate the difficulties that women face in raising funds to begin start-ups.

Suggested Citation

  • Guillaume Andrieu & Benjamin Le pendeven & Gaël Leboeuf, 2021. "Equity Crowdfunding Success for Female Entrepreneurs: French Evidence," Economics Bulletin, AccessEcon, vol. 41(2), pages 417-431.
    • Handle: RePEc:ebl:ecbull:eb-20-00726
    as

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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Crowdfunding; Gender; Female entrepreneurship; Entrepreneurial Finance;
    All these keywords.

    JEL classification:

    • J1 - Labor and Demographic Economics - - Demographic Economics
    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior

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