Abstract

Women are the fastest growing group of entrepreneurs and share equal ownership in increasing numbers of enterprises. Numerous studies have examined separately how ownership involvement affects performance and how financing affects performance. However, few have studied gender differences over time in the overall relationship between ownership involvement in the family entrepreneurial venture, financing, and venture performance. I address this gap by studying differences in perception and commitment to the family entrepreneurial venture according to several measures, including the owner’s function in the business. The credit constraints of women entrepreneurs and venture underperformance also have been debated in recent literature. I extend this debate by including the intermingling of personal and business finances as a measure of ownership commitment to the venture. This helps address how women entrepreneurs’ different financing outcomes are influenced by financing choices. Across groups of created and acquired family ventures, this study contributes by examining gender differences in the relationship between aspects of ownership commitment and financing and their impact on various performance measures, including continuity of the family venture and declaration of bankruptcy.

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