Female Small Business Owners in China: discouraged, not discriminated

Mustafa Caglayan, Oleksandr Talavera, Lin Xiong

Research output: Contribution to journalArticlepeer-review

3 Citations (Scopus)


Using a unique small business loan application dataset from a peer-to-peer (P2P) digital loan platform in China, we show that female entrepreneurs are more likely to be discouraged from applying for funds after a failed attempt compared to their male counterparts. Female discouragement persists at different regional development levels and is prominent among those who need finance for working capital. Although digitization of financial markets has made external funding more accessible to small business owners, disclosing more information during the application process would help those discouraged from posting a new funding application.
Original languageEnglish
Article number101649
JournalJournal of International Financial Markets, Institutions and Money
Early online date8 Sept 2022
Publication statusPublished - Sept 2022


  • China
  • Digitization
  • Discouraged borrowers
  • Fintech
  • Gender discrimination
  • Peer-to-peer (P2P) lending
  • Repeat rejections
  • Small business owners

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics


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