Financial crisis and female entrepreneurship: Evidence from South Korea

• Main Authors: LEE, Jungho, MYONG, Sunha
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2023
• Subjects: Asian Studies; Entrepreneurial and Small Business Operations; Finance; Industrial Organization
• Online Access: https://ink.library.smu.edu.sg/soe_research/2651; https://ink.library.smu.edu.sg/context/soe_research/article/3650/viewcontent/female_entrepreneurship_revised_paper.pdf
• Institution: Singapore Management University

We document a drastic increase in female-owned manufacturing firms in South Korea after the 1997 financial crisis. During the crisis, a major banking sector reform was conducted, and many underperforming bank branches were forced to close down. Using a geographical variation of bank branch closures...