Department of Data Analytics and Digitalisation, Department of Finance, School of Business and Economics, Maastricht University, Maastricht, The Netherlands.
APG Asset Management, Amsterdam, The Netherlands.
PLoS One. 2024 Jul 10;19(7):e0305601. doi: 10.1371/journal.pone.0305601. eCollection 2024.
Crowdfunding is a growing source of finance for entrepreneurs. In this paper, we investigate the existence of a gender effect in the time needed to obtain a business loan through crowdfunding. Using data from three Dutch crowdfunding platforms, survival analysis of the time to completion for 934 business loan campaigns shows that female entrepreneurs have a 20% shorter campaign completion time compared to male entrepreneurs, whereas couples do not differ from males. This effect persists across the different platforms. Subsequent analysis shows that female entrepreneurs do not have the disadvantage they face in traditional lending channels when requesting funds through crowdfunding, and that herding behavior by investors benefits female entrepreneurs most.
众筹是企业家融资的一个增长来源。在本文中，我们研究了通过众筹获得企业贷款所需时间是否存在性别效应。使用来自三个荷兰众筹平台的数据，对 934 个企业贷款活动的完成时间进行生存分析表明，与男性企业家相比，女性企业家的活动完成时间缩短了 20%，而夫妻之间则没有差异。这种效应在不同的平台上都存在。随后的分析表明，女性企业家在通过众筹请求资金时，并没有像在传统贷款渠道中那样面临劣势，而投资者的跟风行为则使女性企业家受益最大。
