Please join Barney School of Business Dean Marty Roth in congratulating Susan Coleman, Professor of Finance, Barney School of Business, on her recent publication. Her book chapter “Financing High-Growth Women-Owned Firms in the United States: Challenges, Opportunities, and Implications for Public Policy” with Alicia Robb appears in The Routledge Companion to Global Female Entrepreneurship (2017) edited by Colette Henry, Teresa Nelson, and Kate Lewis.
Abstract: In this chapter we examine issues relating to access to capital for growth-oriented women-owned firms using data from the Kauffman Firm Survey (KFS), a large data set on more than 4,000 U.S. firms launched in 2004 and tracked over an eight year period. Our findings reveal that, even in the realm of growth-oriented entrepreneurship, women raise dramatically lower amounts of financial capital than men. Further, our results suggest that women face continued challenges in raising debt as well as external equity. In light of that, we discuss public policy measures that can help close the financing gap and address some of these challenges.