Migrant Gender and the Venture Funding Impact of Remittances to Developing Countries

42 Pages Posted: 12 Aug 2019 Last revised: 4 Sep 2019

See all articles by Michael Cummings

Michael Cummings

University of Arkansas - Sam M. Walton College of Business

Paul M. Vaaler

University of Minnesota, Twin Cities - Law School and Carlson School of Management

Date Written: August 7, 2019

Abstract

There is substantial research on how women differ from men as new business (venture) founders, but little on how women may differ from men as venture funders. We respond with theory and evidence from an unconventional context: migrant remittances to developing countries. Analyses of remittances to 48 developing countries from 2001-2010 indicate that: 1) remittances increase home-country venture funding availability more when they come from diasporas with higher percentages of women; and 2) such gender-related effects are magnified for remittances to poorer developing countries where there is less gender inequality in employment opportunity and greater need for remittance-based venture investing.

Keywords: migrant remittances; gender; developing countries; venture funding

JEL Classification: F22, F23, F65, G24, J15, J16, M13, O16, O43

Suggested Citation

Cummings, Michael E. and Vaaler, Paul M., Migrant Gender and the Venture Funding Impact of Remittances to Developing Countries (August 7, 2019). Available at SSRN: https://ssrn.com/abstract=3434076 or http://dx.doi.org/10.2139/ssrn.3434076

Michael E. Cummings (Contact Author)

University of Arkansas - Sam M. Walton College of Business ( email )

Fayetteville, AR 72701
United States

Paul M. Vaaler

University of Minnesota, Twin Cities - Law School and Carlson School of Management ( email )

229 19th Avenue South
Minneapolis, MN 55455
United States
612-625-4951 (Phone)
612-626-1316 (Fax)

HOME PAGE: http://carlsonschool.umn.edu/faculty/paul-vaaler

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