Female Entrepreneurs in Trouble: Do Their Bad Loans Last Longer?

41 Pages Posted: 27 Jul 2013

Date Written: June 21, 2013

Abstract

We investigate the duration of bad loans for a unique data set of sole proprietorships in Italy, finding that bad loans for female firms last longer. However, this result is mainly due to the fact that loans granted to female firms are less frequently written off than those to male ones, suggesting that for banks female firms might be more creditworthy than male firms. These findings are robust to censoring, alternative specifications of the distribution of bad loan duration and other bank-specific control variables.

Keywords: duration of bad loans, default status, survival analysis

JEL Classification: C41, G21, G33

Suggested Citation

Marcucci, Juri and Mistrulli, Paolo Emilio, Female Entrepreneurs in Trouble: Do Their Bad Loans Last Longer? (June 21, 2013). Bank of Italy Occasional Paper No. 185, Available at SSRN: https://ssrn.com/abstract=2298655 or http://dx.doi.org/10.2139/ssrn.2298655

Juri Marcucci (Contact Author)

Bank of Italy ( email )

Via Nazionale , 91
Rome, 00184
Italy
+39-06-4792-4069 (Phone)

Paolo Emilio Mistrulli

Bank of Italy ( email )

Via Nazionale 91
00184 Roma
Italy

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