SYMPOSIUM: WOMEN, ETHNICITY, AND ENTREPRENEURSHIP: SOURCES OF FUNDING FOR NEW WOMEN-OWNED FIRMS Skip over navigation
LexisNexis® Browse Law Reviews and Treatises
Skip over navigation
Sign in with your lexis.com® ID to access the full text of this article.
-OR-
Order the full text of this article if you do not have a lexis.com® ID.
 
Price: 
US $22.00 (+ tax)
 
 

Copyright (c) 2010 Western New England Law Review Association, Inc.
Western New England Law Review

SYMPOSIUM: WOMEN, ETHNICITY, AND ENTREPRENEURSHIP: SOURCES OF FUNDING FOR NEW WOMEN-OWNED FIRMS

2010

Western New England Law Review

32 W. New Eng. L. Rev. 497

Author

Susan Coleman and Alicia Robb*

Excerpt



Introduction
 
In this Article we use data from the Kauffman Firm Survey 1 (KFS) to examine the financing sources and strategies for a large sample of new firms in the United States. Our results reveal that women-owned firms raised smaller amounts of capital to start than men. Women also went on to raise smaller amounts of capital in subsequent years. Finally, our findings reveal that women business owners relied heavily on internal rather than external sources of both debt and equity to finance their firms. This finding may reflect differences in motivation between women and men business owners, differences in their levels of risk aversion, or differences in access to external sources of financing.

I. The Importance of Women-Owned Firms
 
Small firms play a key role in the economic growth and vitality of the United States. The U.S. Small Business Administration (SBA) defines a small firm as one that has 500 or fewer employees. 2 Using this definition, 99% of all firms in the United States would be categorized as small businesses. 3 Data compiled by the SBA indicate that there were 26.8 million small firms in this country in 2006. 4 These firms generated over half of the gross domestic product and employed half of all private-sector employees. 5 In fact, small firms have been responsible for 60% to 80% of net new jobs. 6 Small firms are also an important source of innovation in the creation of new products, services, and technologies. 7
 
 
If you are interested in obtaining a lexis.com® ID and Password, please contact us at 1-(800)-227-4908 or visit us at http://www.lexisnexis.com/.
Search Documents
 
eg., Environmental Insurance Coverage Under the Comprehensive General Liability Policy
 
 
 
 

Lexis® Web - The only search engine that delivers free web content specifically from legal sites validated by LexisNexis® attorney editors and includes tools for faster research and more relevant results.

 
LexisNexis Store
Research Now - Go to lexis.com
Connect the Dots - Free 1 hour webcast
Share. Network. Discover. - Go to LexisNexis Communities