Document Type

Article

Publication Date

11-2021

Abstract

The impacts of crises are never gender-neutral, and the COVID-19 pandemic is no exception. Using a brand-new dataset covering 24 countries, we document that women-led businesses are subject to a higher likelihood of closure and a longer closure duration than men-led businesses during the pandemic. Women business leaders are also more pessimistic about the future than men business leaders. The disadvantages suffered by women-led businesses widen in high gender inequality economies and developing economies. Our results further indicate that finance and labor factors are likely to be the major contributors to these disadvantages. We suggest that COVID-19′s policy response should not be gender-neutral.

Comments

© 2021 Elsevier Inc. All rights reserved. Original published version available at

Publication Title

Finance Research Letters

DOI

10.1016/j.frl.2021.102012

Included in

Finance Commons

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