Female company owners pay higher interest rates

Analysis - June 2021 - No. 17

Authors Matin, Rastin; Mønsted, Bjarke; Martinello, Alessandro; Steffensen, Sigurd; Holm Laursen, Karen
Subject Financial sector; Statistical method; Credit risk; Change in interest rates
Type Analysis
Year 2021
Published 25 June 2021
Abstract icon Using microdata, the analysis demonstrates that female company owners pay higher interest rates on corporate loans than their male counterparts. The interest rate differential is both economically and statistically significant, and does not disappear when adjusting for relevant company and loan characteristics using sophisticated statistical methods.