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Informal investors in Chile: an exploratory study from a gender perspective

Author

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  • Gianni Romaní
  • Miguel Atienza
  • José Ernesto Amorós

Abstract

Informal investment represents one of the main sources to finance early-stage new ventures. Despite the progressive participation of women in informal investment, little is known about the characteristics of female informal investors, especially in developing countries. This study examines the gender differences of a sample of 613 informal investors in Chile. To this end we used the database from the Global Entrepreneurship Monitor Chile 2007--2008 and applied tests of differences in proportions and means for independent samples. The results show that there are significant gender differences in some socio-demographic variables, like education and work status, and also in the perception of good opportunities and the fear to failure. Additionally, women invest smaller amounts and expect lower returns than men do. Finally, women invest more than men in close family. Policy implications of these results are discussed.

Suggested Citation

  • Gianni Romaní & Miguel Atienza & José Ernesto Amorós, 2011. "Informal investors in Chile: an exploratory study from a gender perspective," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 13(1), pages 111-131, July.
  • Handle: RePEc:taf:jbemgt:v:13:y:2011:i:1:p:111-131
    DOI: 10.3846/16111699.2011.620141
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    Citations

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    Cited by:

    1. Aurora A. C. Teixeira & Halima Abdi Sharifu, 2017. "Female Entrepreneurship And Access To Bank Loans In Tanzania: A Double-Hurdle Model Approach," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 22(03), pages 1-29, September.
    2. Yousef S. Daoud & Shaker Sarsour & Ruba Shanti & Sanaa Kamal, 2020. "Risk tolerance, gender, and entrepreneurship: The Palestinian case," Review of Development Economics, Wiley Blackwell, vol. 24(3), pages 766-789, August.
    3. Györfy Lehel & Madaras Szilárd, 2020. "Influencing Factors of the Informal Investment in Central Europe," Economics and Business, Sciendo, vol. 34(1), pages 78-91, February.

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