IDEAS home Printed from https://ideas.repec.org/a/eee/jobuve/v12y2019ics235267341830088x.html
   My bibliography  Save this article

How much does the “same-gender effect” matter in VCs' assessments of entrepreneurs?

Author

Listed:
  • Voitkane, Aija
  • Johansson, Jeaneth
  • Malmström, Malin
  • Wincent, Joakim

Abstract

Our study uses cognitive mapping techniques to take into account how the same/opposite gender influences the cognitive evaluations of venture capitalists (VCs). Contrary to what has often been discussed in previous entrepreneurship literature, our results report women VCs evaluate women entrepreneurs more critically, and men VCs evaluate men entrepreneurs more critically. However, overall, the VCs' vaguer processing and lower rating of women's venturing compared to men's indicate a general structure of subordinating women's venturing compared to men's venturing. Ultimately, this contributes with an alternative view to explain what we see on the VC scene: women entrepreneurs are more likely to be rejected. We discuss implications of these results as well as implications for future study.

Suggested Citation

  • Voitkane, Aija & Johansson, Jeaneth & Malmström, Malin & Wincent, Joakim, 2019. "How much does the “same-gender effect” matter in VCs' assessments of entrepreneurs?," Journal of Business Venturing Insights, Elsevier, vol. 12(C).
    • Handle: RePEc:eee:jobuve:v:12:y:2019:i:c:s235267341830088x
    DOI: 10.1016/j.jbvi.2019.e00133
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S235267341830088X
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.jbvi.2019.e00133?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Matthew Lee & Laura Huang, 2018. "Gender Bias, Social Impact Framing, and Evaluation of Entrepreneurial Ventures," Organization Science, INFORMS, vol. 29(1), pages 1-16, February.
    2. Richard T. Harrison & Colin Mason & Donald Smith, 2015. "Heuristics, learning and the business angel investment decision-making process," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 27(9-10), pages 527-554, October.
    3. Enrique Díaz De Leó & Paul Guild, 2003. "Using repertory grid to identify intangibles in business plans," Venture Capital, Taylor & Francis Journals, vol. 5(2), pages 135-160, April.
    4. Andrew Burke & André Stel & Chantal Hartog & Abdel Ichou, 2014. "What determines the level of informal venture finance investment? Market clearing forces and gender effects," Small Business Economics, Springer, vol. 42(3), pages 467-484, March.
    5. Peter Ohman & Einar Hackner & Anna-Maria Jansson & Finn Tschudi, 2006. "Swedish auditors' view of auditing: Doing things right versus doing the right things," European Accounting Review, Taylor & Francis Journals, vol. 15(1), pages 89-114.
    6. Polzin, Friedemann & Sanders, Mark & Stavlöt, Ulrika, 2018. "Do investors and entrepreneurs match? – Evidence from The Netherlands and Sweden," Technological Forecasting and Social Change, Elsevier, vol. 127(C), pages 112-126.
    7. Maria Lucia Stefani & Valerio Vacca, 2013. "Credit access for female firms: evidence from a survey on European SMEs," Questioni di Economia e Finanza (Occasional Papers) 176, Bank of Italy, Economic Research and International Relations Area.
    8. Patricia G. Greene & Candida G. Brush & Myra M. Hart & Patrick Saparito, 2001. "Patterns of venture capital funding: Is gender a factor?," Venture Capital, Taylor & Francis Journals, vol. 3(1), pages 63-83, January.
    9. Becker-Blease, John R. & Sohl, Jeffrey E., 2007. "Do women-owned businesses have equal access to angel capital?," Journal of Business Venturing, Elsevier, vol. 22(4), pages 503-521, July.
    10. Susan Coleman & Alicia Robb, 2009. "A comparison of new firm financing by gender: evidence from the Kauffman Firm Survey data," Small Business Economics, Springer, vol. 33(4), pages 397-411, December.
    11. Candida Brush & Patricia Greene & Lakshmi Balachandra & Amy Davis, 2018. "The gender gap in venture capital- progress, problems, and perspectives," Venture Capital, Taylor & Francis Journals, vol. 20(2), pages 115-136, April.
    12. Susan Hanson & Megan Blake, 2009. "Gender and Entrepreneurial Networks," Regional Studies, Taylor & Francis Journals, vol. 43(1), pages 135-149.
    13. Claire Leitch & Friederike Welter & Colette Henry, 2018. "Women entrepreneurs’ financing revisited: taking stock and looking forward," Venture Capital, Taylor & Francis Journals, vol. 20(2), pages 103-114, April.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Johansson, Jeaneth & Malmström, Malin & Lahti, Tom & Wincent, Joakim, 2021. "Oh, it’s complex to see women here, isn’t it and this seems to take all my attention! A repertory grid approach to capture venture capitalists cognitive structures when evaluating women entrepreneurs," Journal of Business Venturing Insights, Elsevier, vol. 15(C).
    2. Indu Khurana & Daniel J. Lee, 2023. "Gender bias in high stakes pitching: an NLP approach," Small Business Economics, Springer, vol. 60(2), pages 485-502, February.
    3. Jörg Prokop & Dandan Wang, 2022. "Is there a gender gap in equity-based crowdfunding?," Small Business Economics, Springer, vol. 59(3), pages 1219-1244, October.
    4. Sharon Poczter & Melanie Shapsis, 2018. "Gender disparity in angel financing," Small Business Economics, Springer, vol. 51(1), pages 31-55, June.
    5. Barbara Orser & Susan Coleman & Yanhong Li, 2020. "Progress or pinkwashing: who benefits from digital women-focused capital funds?," Small Business Economics, Springer, vol. 55(2), pages 363-387, August.
    6. Elitzur, Ramy & Solodoha, Eliran, 2021. "Does gender matter? Evidence from crowdfunding," Journal of Business Venturing Insights, Elsevier, vol. 16(C).
    7. Avnimelech, Gil & Rechter, Eyal, 2023. "How and why accelerators enhance female entrepreneurship," Research Policy, Elsevier, vol. 52(2).
    8. Jetter, Michael & Stockley, Kieran, 2021. "Gender Match and the Gender Gap in Venture Capital Financing: Evidence from Shark Tank," IZA Discussion Papers 14069, Institute of Labor Economics (IZA).
    9. Brogaard, Jonathan & Gerasimova, Nataliya & Rohrer, Maximilian, 2024. "The effect of female leadership on contracting from Capitol Hill to Main Street," Journal of Financial Economics, Elsevier, vol. 155(C).
    10. Yang, Shu & Kher, Romi & Newbert, Scott L., 2020. "What signals matter for social startups? It depends: The influence of gender role congruity on social impact accelerator selection decisions," Journal of Business Venturing, Elsevier, vol. 35(2).
    11. Ewens, Michael, 2022. "Race and Gender in Entrepreneurial Finance," SocArXiv djf8z, Center for Open Science.
    12. Goran Calic & Moren Lévesque & Anton Shevchenko, 2024. "On why women-owned businesses take more time to secure microloans," Small Business Economics, Springer, vol. 63(3), pages 917-938, October.
    13. Sandra Correia & Miguel Sousa & Elísio Brandão, 2024. "What do we know about the choices of entrepreneurs before the equity crowdfunding campaign?," Small Business Economics, Springer, vol. 63(4), pages 1471-1501, December.
    14. Blount, Ian & Triana, Maria del Carmen & Richard, Orlando & Li, Mingxiang, 2023. "How women CEOs’ financial knowledge and firm homophily affect venture performance," Journal of Business Research, Elsevier, vol. 155(PA).
    15. Francesca Maria Cesaroni & Francesca Lotti & Paolo Emilio Mistrulli, 2013. "Female firms and banks� lending behaviour: what happened during the great recession?," Questioni di Economia e Finanza (Occasional Papers) 177, Bank of Italy, Economic Research and International Relations Area.
    16. Andrea Bellucci & Gianluca Gucciardi & Rossella Locatelli & Cristiana Schena, 2022. "Gender Gap in Business Angel financing," Mo.Fi.R. Working Papers 175, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
    17. Jiang, Yiqi & Jiang, Zhou & Chen, Zhijun, 2024. "Women entrepreneurship in China: A bibliometric literature review and future research agenda," Journal of Business Research, Elsevier, vol. 179(C).
    18. Isabel Martínez-Rodríguez & Consolación Quintana-Rojo & Pedro Gento & Fernando-Evaristo Callejas-Albiñana, 2022. "Public policy recommendations for promoting female entrepreneurship in Europe," International Entrepreneurship and Management Journal, Springer, vol. 18(3), pages 1235-1262, September.
    19. Emma Galli & Danilo Valerio Mascia & Stefania Patrizia Sonia Rossi, 2018. "Does Corruption Influence the Self-Restraint Attitude of Women-led SMEs towards Bank Lending?," CESifo Economic Studies, CESifo Group, vol. 64(3), pages 426-455.
    20. Hadar Gafni & Dan Marom & Alicia Robb & Orly Sade, 0. "Gender Dynamics in Crowdfunding (Kickstarter): Evidence on Entrepreneurs, Backers, and Taste-Based Discrimination," Review of Finance, European Finance Association, vol. 25(2), pages 235-274.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jobuve:v:12:y:2019:i:c:s235267341830088x. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: https://www.journals.elsevier.com/journal-of-business-venturing-insights .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.