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This study investigates the impact of female managers on firm performance in Guinea-Bissau using data
from 401 formal businesses. We find that female-managed firms are more likely to secure loans
compared to male-managed firms. We find no effect of female-managed firms on firm profits. We also
find that female-managed firms have lower productivity compared to their male-managed counterparts.
The findings suggest that whilst firms that have female managers benefit from a higher likelihood of
obtaining a loan, additional efforts are needed to support female entrepreneurs in effectively utilising
their resources to achieve better firm outcomes.
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Guinea-Bissau Africa Female managers Female entrepreneurship Gender Firm performance Profit Productivity Loan Formal enterprises Management
