Abstract:
Undercapitalization jeopardizes a business’s likelihood of survival. Sufficient capital at start-up and throughout operation is critical to a business’s success. Therefore, creating greater access to capital generates greater economic prosperity. Despite the importance of women-owned businesses to the economy, women-owned businesses are more likely than men-owned businesses to be undercapitalized. As such, women-owned businesses are less likely to realize the economic success of their male counterparts.