The authors analyse in their publication the question, if the use of some sources of financing depends on whether the management of a young business is female. Based on the IAB/ZEW Start-up Panel and supplementary interviews with female experts they have found that purely female-led businesses use bank loans less frequently than purely male-led and mixed-gender led businesses. In contrast, women-led businesses more frequently draw on public funding as well as friends and family, while venture capital is used more frequently by male-led businesses.
IfM-Materialien | 2025 The financing situation of young businesses - a gender specific analysis
Kay, R.; Nielen, S.; Bijedić-Krumm, T.; Butkowski, O.; Reiff, A. (2025): Zur Finanzierungssituation junger Unternehmen – eine genderspezifische Analyse, IfM Bonn: IfM-Materialien Nr. 309, Bonn.