Table 6.

Correlations between financial constraint and different finance sources

	Bank loan	Own resources	Friends and relatives	Suppliers credit	Equity and bond	Other
Female owned (N = 1812)
Correlation	− 0,126	0,116	0,055	− 0,137	− 0,008	− 0,046
Significance	0,000	0,000	0,019	0,000	0,729	0,052
Male owned (N = 2383)
Correlation	0,013	0,067	− 0,008	− 0,038	− 0,045	− 0,061
Significance	0,542	0,001	0,701	0,067	0,027	0,003
Total (N = 4195)
Correlation	− 0,035	0,088	0,017	− 0,080	− 0,030	− 0,054
Significance	0,022	0,000	0,260	0,000	0,052	0,001

Note: Correlation coefficients and their significance levels between the use of different finance sources (FS) and the finance constraint (FC) variable. Finance source variables are percentages of working capital financed from a given source. A negative correlation means that firms that report to have more serious problems with access to finance use less of the given finance source. Own resources = retained earnings + personal savings. Other is a residual category, which also includes loans from moneylenders