Study: Laws, culture restrict women’s entrepreneurship
Women still face gender-related constraints when starting a business, according to a study by the Asia-Pacific Economic Cooperation.
Laws that restrict women’s access to financing are one key barrier for female owners of small and medium-sized enterprises, according to the study, Bloomberg reports. Restrictive inheritance laws are a good example of this type of barrier. In some economies, women are still unable to apply for credit without authorization from their husbands.
Another issue facing female entrepreneurs is cultural and social norms that result in women having less time to devote to business because of the need to engage in household tasks, like child care. Having access to affordable formal child care would enable mothers to spend more time on paid work, including their own businesses, according to the study.
Read more about the study at Bloomberg.com.
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