Arbeitspapier
Female business owners pay higher interest rates on corporate loans
We analyze micro-level data from the Danish credit register and find that female business owners pay higher interest rates on corporate loans than male owners. The gender gap is partly explained by differences in firm and loan characteristics. However, an economically and statistically significant gap persists even after flexible machine learning techniques are applied to the data. While the gender gap most likely arises during the negotiation process, we do not find that it depends on market power or the extent to which banks use data-driven approaches to determine interest rates.
- Sprache
-
Englisch
- Erschienen in
-
Series: Danmarks Nationalbank Working Papers ; No. 179
- Klassifikation
-
Wirtschaft
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
Economics of Gender; Non-labor Discrimination
- Thema
-
Financial sector
changes in interest rates
credit risk
statistical methods
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Martinello, Alessandro Tang-Andersen
Mønsted, Bjarke
Matin, Rastin
Steffensen, Sigurd Anders Muus
Holm Laursen, Karen
- Ereignis
-
Veröffentlichung
- (wer)
-
Danmarks Nationalbank
- (wo)
-
Copenhagen
- (wann)
-
2021
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Martinello, Alessandro Tang-Andersen
- Mønsted, Bjarke
- Matin, Rastin
- Steffensen, Sigurd Anders Muus
- Holm Laursen, Karen
- Danmarks Nationalbank
Entstanden
- 2021
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