Gender, performance, and financial strategy: A dynamic capabilities perspective
Vol. Volume 18, Number 3 September/2013
Susan Coleman, Dafna Kariv
This article explores the impact of financial strategy, by gender, on firm performance using data from the Panel Study of Entrepreneurial Dynamics. Our findings revealed that financial strategies do have an impact on firm performance, and that women and men entrepreneurs use different financial strategies. Our findings also show no significant performance differences in female-owned versus male-owned firms in the earliest years of the firm, although significant differences did emerge in the later years. Finally, our findings attest to the dynamic and “cumulative” effect of financial strategy.