Standards measures of female ownership and management of firms included in the World Bank
Enterprise Survey do not support the existence of a gender gap in access to finance in the Latin
American and Caribbean region. Nonetheless, more precise measures show that women-led businesses
are more likely to be financially constrained than other comparable firms. The evidence
presented herein suggests that this gender gap may be driven by taste-based discrimination.
This paper exploits a rich dataset that provides detailed information about female ownership
and management in firms, allowing for further understanding of gender gaps in access to finance.