Abstract
Does the CEO’s gender matter to lenders? Using data from 2006 to 2015 for listed companies in China, we find reliable evidence that lenders charge firms led by female CEOs (She-E-Os) less for debt than they do from firms led by male. In addition, we find that the leadership structure of state-owned enterprises (SOEs) also matters to lenders because SOEs with female CEOs have lower cost of debt than do those with male CEOs. Our findings remain consistent after controlling for endogeneity issue.
Funding statement: This work was supported by the National Natural Science Foundation of China, Grant Number: 71472148
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Artikel in diesem Heft
- Research Articles
- Public Health Insurance and Prescription Medications for Mental Illness
- Inter-Ethnic Friendship and Hostility between Roma and non-Roma Students in Hungary: The Role of Exposure and Academic Achievement
- The Costs of Firm Exit and Labour Market Policies: New Evidence from Europe
- Parental Transfers, Intra-household Bargaining and Fertility Decision
- Do Firms Supported by Credit Guarantee Schemes Report Better Financial Results 2 Years After the End of Intervention?
- Estimating the Impact of Ride-Hailing App Company Entry on Public Transportation Use in Major US Urban Areas
- Announced or Surprise Inspections and Oligopoly Competition
- Terrorism and Firm Performance: Empirical Evidence from Pakistan
- The Curious Case of Farmer Credit Cards: Evidence from an Indian Policy Reform
- Population Policy, Demographic Change, and Firm Returns: Evidence from China
- Sorting into Contests: Evidence from Production Contracts
- She-E-Os and the Cost of Debt: Do Female CEOs Pay Less for Credit?