Differences between female-owned and majority male-owned businesses
The Small Business Branch of Innovation, Science and Economic Development has just published the report A Comparison of the Performance of Majority Female-Owned and Majority Male-Owned Small and Medium-Sized Enterprises.
Using the Survey on Financing and Growth of Small and Medium Enterprises 2011 and 2014, the report reveals some differences between majority female-owned and majority male-owned enterprises. For example, the ratio of authorized to requested debt financing was lower for majority female-owned SMEs than for majority male-owned SMEs and the interest rate on debt financing for majority female owned SMEs was higher than that for majority male-owned SMEs in 2011. This suggests that financial institutions considered requests for debt financing for majority female-owned SMEs to be more risky than for majority male-owned SMEs.
However, in 2014, findings suggest that requests for debt financing for majority female-owned and majority male-owned SMEs were viewed as being equally risky as the ratio of authorized to requested debt financing and the interest rate on debt financing were not significantly different.
You can access the full report on-line on the SME Research and Statistics website at the following address: