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Equity Crowdfunding Success for Female Entrepreneurs: French Evidence

Author

Listed:
  • Guillaume Andrieu

    (Groupe Sup de Co Montpellier (GSCM) - Montpellier Business School)

  • Benjamin Le Pendeven

    (Audencia Recherche - Audencia Business School)

  • Gaël Leboeuf

    (COACTIS - COnception de l'ACTIon en Situation - UL2 - Université Lumière - Lyon 2 - UJM - Université Jean Monnet - Saint-Étienne)

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 create startups.

Suggested Citation

  • Guillaume Andrieu & Benjamin Le Pendeven & Gaël Leboeuf, 2021. "Equity Crowdfunding Success for Female Entrepreneurs: French Evidence," Post-Print hal-03227572, HAL.
    • Handle: RePEc:hal:journl:hal-03227572
    Note: View the original document on HAL open archive server: https://hal.science/hal-03227572
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    References listed on IDEAS

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