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    Support for female entrepreneurs

    Survey evidence for why it makes sense

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    Author(s)
    European Investment Bank
    Collection
    Knowledge Unlatched (KU)
    Language
    English
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    Abstract
    Women’s economic empowerment has improved rapidly in the last century. Today, many women are not just fully engaged in the workplace; some lead international organisations, corporations and countries. But gender gaps, still prevalent in the European Union and other regions, are costly and imply foregone opportunities not only for women individually, but also for companies that do not fully leverage female talent, and for economies. After a century of impressive progress, overall economic opportunities for women are still lagging behind those of men. On average, women earn 13% less per hour in the European Union. Women are less often entrepreneurs and those that strive to grow their businesses or decide to lead companies face high barriers. Globally and across the European Union, we still have a way to go to achieve gender equality and empower women and girls, as stipulated by the UN Sustainable Development Goals and the European Pillar of Social Rights. Three surveys — the EIB Investment Survey (EIBIS) 2021, the EIBIS Startup and Scaleup Survey 2019 and the EBRD-EIB-World Bank Group Enterprise Survey — show that supporting female-led businesses makes good economic sense, as these companies generate wider economic, social and environmental benefits. Notably, support for female-led businesses can contribute to raising female labour force participation, thereby helping to reduce poverty risks. At the same time, framework conditions that make it easier for women to have professional careers, or establish and run a business successfully, are key to seeing more female-led businesses emerge and thrive.
    URI
    https://library.oapen.org/handle/20.500.12657/60333
    Keywords
    Business & Economics; Economics
    DOI
    10.2867/854252
    ISBN
    9789286153785, 9789286153785
    Publisher
    European Investment Bank
    Publisher website
    https://www.eib.org/en/publications/index.htm
    Publication date and place
    2022
    Grantor
    • Knowledge Unlatched
    Imprint
    European Investment Bank
    Classification
    Economics
    Rights
    https://creativecommons.org/licenses/by/4.0/
    • Harvested from KU

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    Credits

    • logo Scoss
    • logo EU
    • logo Scoss
    • This project received funding from the European Union's Horizon 2020 research and innovation programme under grant agreement No 683680, 810640, 871069 and 964352.

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