"This paper studies the aggregate effects of the existing differences between male and female-run firms in Latin America and the Caribbean (LAC). Using data from the World Bank Enterprise Survey and the International Labor Organization (ILO), we show that only about one-fourth of the total firms are run by women and that female-run firms are about three times smaller than male-run firms in LAC. We then extend the theoretical framework in Cuberes and Teignier (2016) to account for these facts and quantify their aggregate effects on productivity and income per capita. In our model, men and women are identical in all aspects except for the fact that some women face barriers to becoming entrepreneurs, which may be a function of their talent. The calibration of our model implies that the barriers that some women face to becoming firm managers depend positively on their managerial talent, which results in female-run firms being smaller than those managed by men in equilibrium. In our baseline simulation, we obtain an output per capita loss due to these gender gaps of 9.4 percent, all of which is due to misallocation of resources and the resulting fall in aggregate productivity. This loss is 1.3 times larger than the one obtained in a framework where barriers to entrepreneurship were assumed to be independent of talent."

"We seek to examine founder gender preferences in the context of equity crowdfunding, which represents a direct counterpart to traditional equity financing and which is a "higher-stakes" context than rewards-based crowdfunding. More specifically, we explore whether founder gender preferences, if they exist, vary based on the gender and the experience of the investor. Through a randomized field experiment, we find that inexperienced female investors are significantly more interested (138%) in ventures with female founders than those with male founders; however, we do not observe founder gender preferences among experienced female investors. For male investors, we do not observe differences in interest in investing based on founder gender or investor experience. We thus confirm that the gender gaps observed in traditional equity funding do not apply to equity crowdfunding. Further, we theorize that the mechanisms proposed in previous research in low-stakes crowdfunding decision contexts, such as the use of founder gender as a heuristic and participation in activism homophily, that drive female investors to prefer female founders may not apply to experienced investors in higher-stakes equity crowdfunding. The results from a follow-up survey of the study participants provide support for our theoretical arguments."

"This study is the first piece of detailed research on gender lens investing in Latin America and the Caribbean (LAC). It adds to other regional analyses of gender lens investing emerging in the last few years in Asia and in Europe (authored by the same team as this report at the ESADE Institute for Social Innovation). The specific objectives of the study are to: describe the opportunity for different gender lens investing strategies in LAC; highlight key case studies and current activities in LAC; and offer top-level recommendations for how different players can put gender lens investing into practice."

"We combine a Randomized Control Trial and a lab-in-the-field experiment to explore how participating in an 'entrepreneurship and gender' training affects the intra-household bargaining position of women. While male preferences dominate household decisions, the training attenuates the bargaining gap considerably. Inviting husbands to participate in the training does not further improve outcomes."

"We study gender and race in high-impact entrepreneurship using a tightly controlled randomized field experiment. We sent out 80,000 pitch emails introducing promising but fictitious start-ups to 28,000 venture capitalists and angels. Each email was sent by a fictitious entrepreneur with randomly assigned gender and race. Female entrepreneurs received 9% more interested replies than males pitching identical projects and Asians received 6% more than Whites. Our results suggest that investors do not discriminate against female or Asian entrepreneurs when evaluating unsolicited pitch emails and that future research on investor biases should focus on networks and in-person interactions."

"Investigating what characterizes women’s entrepreneurship and what type of enterprise development support they need sheds light on the importance of understanding what drives exclusion and inclusion in social, political and economic processes in societies. This paper aims to contribute to the debate by discussing the importance and practicalities of gender-aware WED. Gender-aware WED recognizes the gendered risks and uncertainties in which women operate their businesses and assists women in coping with these insecurities at home, in the community and in the business environment. In addition, it strives to create a level playing field by ensuring access to, and control over, resources and opportunities for all entrepreneurs, regardless of business type, industry choice, gender, age, health status, location or ethnicity."

"Small and medium-sized enterprises make up a large part of Sri Lanka's economy, with over one million SMEs accounting for approximately 75 percent of all businesses. These are found in all sectors of the economy and are estimated to contribute about 45 percent of total employment in Sri Lanka. Women's ownership of formal small and medium-sized enterprises is low, at around 25 percent of all SMEs, and most women business-owners struggle to transition away from informal micro-scale businesses, in part due to limited access to finance and lower business capacity of women entrepreneurs. This report presents a snapshot of the impacts of the COVID-19 pandemic on small and medium-sized enterprises (SME) across Sri Lanka, with a focus on the different impacts experienced by women-owned and managed businesses (WSME), as compared to those owned by men (MSME) and those owned jointly by a woman and a man (JSME)."

"Low female labor market participation is a problem many developed countries have to face. Beside activating inactive women, one possible solution is to support the re-integration of unemployed women. Due to female-specific labor market constraints (preferences for flexible working hours, discrimination), this is a difficult task, and the question arises whether active labor market policies (ALMP) are an appropriate tool to help. It has been shown that the effectiveness of traditional ALMPs – which focus on the integration in dependent (potentially inflexible) employment-is positive but limited. Starting their own business might give women more independence and flexibility to reconcile work and family and increase labor market participation. Based on long-term informative data, we find that start-up programs persistently integrate former unemployed women into the labor market, and the impact on fertility is less detrimental than for traditional ALMP programs."

"After hearing of the success of Fundación Chile, the governor of the Mexican state of Jalisco sought to recreate the foundation locally. The result is Fundación Jalisco, which seeks to import successful business models to small farmers in Jalisco. For its first project, the Fundación imported high-yield blueberry plants from the United States, started a nursery, and gave the plants to local farmers who were capable of growing them successfully. The farmers deliver their berry harvest to the foundation, which packages and sells it throughout Mexico and overseas in the United States and the United Kingdom. The venture has been highly profitable for all concerned, and the foundation is now seeking to diversify into value-added products such as olive oil and cheese. The foundation relies on a combination of state funding and private investment."

"This paper analyzes the kind of knowledge that facilitates hatching and leveraging of technologies through the incubation process. Four corporate incubator types can be distinguished according to their source and type of technology: fast-profit incubators, market incubators, leveraging incubators, and in-sourcing incubators. Applying the knowledge-based view of the firm, four modes of mainly tacit knowledge were identified in respect to the different incubator types: (1) entrepreneurial knowledge, (2) organizational knowledge, (3) technological knowledge, and (4) complementary market knowledge. Knowledge strategies include both the leveraging of internal knowledge as well as the in-sourcing of external knowledge for the firm through the corporate incubator. The research is based on an analysis of a European Commission dataset from a benchmarking survey of 77 incubators as well as 52 interviews in 25 large technology-driven corporations in Europe and the United States."