2017
DOI: 10.1177/1042258717728028
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Don’t Pitch Like a Girl!: How Gender Stereotypes Influence Investor Decisions

Abstract: We consider the role that gender-stereotyped behaviors play in investors’ evaluations of men- and women-owned ventures. Contrary to research suggesting that investors exhibit bias against women, we find that being a woman entrepreneur does not diminish interest by investors. Rather, our findings reveal that investors are biased against the display of feminine-stereotyped behaviors by entrepreneurs, men and women alike. Our study finds that investor decisions are driven in part by observations of gender-stereot… Show more

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Cited by 248 publications
(217 citation statements)
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References 101 publications
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“…The topic of gender stereotypes about entrepreneurs attracts rich discussion and intense debate in academic and popular discourse (Balachandra, Briggs, Eddleston, and Brush ; Hechavarría et al ; Santos et al ). Research on the gendered nature of entrepreneurship, however, has generally been restricted to “a singular meaning” of entrepreneurial activity, largely overlooking “the rich, blooming heterogeneity of entrepreneurship across wide‐ranging contexts” (Welter et al , p. 316).…”
Section: Discussionmentioning
confidence: 99%
“…The topic of gender stereotypes about entrepreneurs attracts rich discussion and intense debate in academic and popular discourse (Balachandra, Briggs, Eddleston, and Brush ; Hechavarría et al ; Santos et al ). Research on the gendered nature of entrepreneurship, however, has generally been restricted to “a singular meaning” of entrepreneurial activity, largely overlooking “the rich, blooming heterogeneity of entrepreneurship across wide‐ranging contexts” (Welter et al , p. 316).…”
Section: Discussionmentioning
confidence: 99%
“…Cultural-cognitive institutions (such as suppliers, buyers, regulatory agencies, resource providers, or the media) shape the cognitive legitimacy of entrepreneurial new ventures; if accepted, they will have a higher probability of success. However, ifwhen pitching their ideas to potential customers and investorswomen fail to successfully convey the value of their product, the new venture's viability and survival chances will be seriously jeopardized, as investors are reluctant to accept women's legitimacy (Balachandra et al 2019). Additionally, a recent study by Kanze et al (2018) documents that investors ask promotion-focused questions to male entrepreneurs and prevention-focused questions to female entrepreneurs and, in this way, they induce corresponding responses and perpetuate disparities in funding outcomes (those asked promotion-focused questions raise significantly higher amounts of funding).…”
Section: Institutional Levelmentioning
confidence: 99%
“…This can happen even when others around them feel conflicted about doing so. research into the interpersonal interactions entrepreneurs must understand, navigate and navigate to build their ventures has been growing in recent years (e.g., Balachandra et al 2017;Chen, Yao, and Kotha 2009;Kanze et al 2018). Entrepreneurs who can master the appropriate interpersonal skills "in the moment" to make the right connections and articulate their value propositions are ones that suggest the entrepreneurial self-efficacy for being adaptable yet focused on an interpersonal level.…”
Section: Agreement and Building On Being Constructive During Conflictmentioning
confidence: 99%