Gender, external financing and firm performance
Evidence from Chinese private firms
Bibliographic Data
| ID | 12920847 |
|---|---|
| Authors | Lingyun Huang (0000-0002-7336-7079, Fuzhou University, corresponding author), Jiankun Liu (0000-0002-3064-8575, Harbin Engineering University), Zhigang Huang (0000-0002-8674-1074, Fuzhou University) |
| Year | 2023 |
| Volume | 39 |
| Issue | 3 |
| Pages | 370-387 |
| Publication date | 2023-10-18 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Gender in Management An International Journal (JOURNAL) |
| Journal identifiers | ISSN: 1754-2413 • E-ISSN: 1754-2421 |
| Publisher | Emerald Publishing Limited (PUBLISHER • GB) |
| DOI | 10.1108/gm-10-2021-0322 |
| OpenAlex | W4387742691 |
| Language | EN |
| Citations received | 2 |
| References cited | 42 |
Purpose The operational framework of external financing in the correlation between the gender of entrepreneurs and firm performance remains to be resolved. This study aims to investigate the mediating effect of external financing on gender-based disparities in private firm performance and to explore its heterogeneity within the Chinese context. Design/methodology/approach Based on national data from the 10th to 13th Chinese Private Enterprise Survey, this study used a bootstrap-based mediation effect model to analyze the role of external financing as a mediator in the relationship between entrepreneur gender and firm performance. Findings This study found that external financing is a constructive mediator between entrepreneur gender and firm performance. Heterogeneity analysis revealed that external financing plays a complementary mediation role in the impact of entrepreneur gender on performance in West China. In the tertiary industry, external financing acts as the sole mediator for the impact of gender on firm performance. Notably, this mediating effect is present in non-startups but not in startups. Practical implications The findings suggest that external financing can improve the firm performance of female entrepreneurs. Governments and policymakers should strengthen financial support for female entrepreneurs in West China, tertiary industry and non-startup enterprises. Originality/value This paper contributes to the literature on gender and corporate governance by shedding light on the mediating role of external financing in the relationship between the gender of business owners and firm performance
Business · China · Constructive · Context (archaeology · Corporate governance · Creativity · External financing · Information asymmetry · Internal financing · Mediation · Moderated mediation · Originality · Process (computing · Corporate Finance and Governance · Entrepreneurship Studies and Influences · Gender Diversity and Inequality · Finance
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| Unique citing works | 2 |
|---|---|
| Citations per year | 2 |
| Citation span | 2025 - 2026 (2) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 2 |