Female-Owned Firms in Latin America : Characteristics, Performance, and Obstacles to Growth
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World Bank, Washington, DC
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This paper examines the characteristics
and performance of female-owned firms in Latin America. Data
from firm surveys show that female-owned firms tend to be
smaller than male-owned firms in terms of employees, sales,
costs, and physical capital. Female-owned firms also have
lower profits than male-owned firms, but for larger firms
this difference disappears after controlling for labor and
capital inputs. Medium-size and large female-owned firms are
as productive as male-owned firms of the same size, although
micro and small female-owned firms are less productive than
male-owned firms. There is no evidence that the differences
between female and male-owned firms are due to differences
in access to finance or regulatory burdens. However, this
paper finds a negative correlation between child care and
household obligations and female-owned firm size and performance.
Palabras clave
entrepreneurship, farm ownership, firm ownership, female-owned, child care responsibilities