Gender differences in new venture financing: evidence from equity crowdfunding in Latin America

Abstract

PurposeThe purpose of this paper aims to understand whether gender disparity has an impact on the likelihood of obtaining equity crowdfunding financing in Latin America.Design/methodology/approachThe paper uses a unique database of 492 projects from different equity crowdfunding platforms in Latin America over a period of 2013–2017.FindingsResults indicate that the involvement of at least one woman in the board of firms seeking equity financing increases campaigns' success significantly. Team gender has no impact on the project's likelihood to experience overfunding.Originality/valueThe paper sheds light on women's access to crowdfunding financing in Latin America, not yet considered so far.