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Factors influencing women’s entrepreneurial success: A multi-analytical approach

Women entrepreneurs are significant contributors to the economic development of any country and their role becomes more vital in improving the economic condition of developing countries. This highlights the important role of women-owned small and medium enterprises (SMEs) and their entrepreneurial s...

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Detalles Bibliográficos
Autores principales: Feng, Jiaying, Ahmad, Zeeshan, Zheng, Wei
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Frontiers Media S.A. 2023
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9894095/
https://www.ncbi.nlm.nih.gov/pubmed/36743627
http://dx.doi.org/10.3389/fpsyg.2022.1099760
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author Feng, Jiaying
Ahmad, Zeeshan
Zheng, Wei
author_facet Feng, Jiaying
Ahmad, Zeeshan
Zheng, Wei
author_sort Feng, Jiaying
collection PubMed
description Women entrepreneurs are significant contributors to the economic development of any country and their role becomes more vital in improving the economic condition of developing countries. This highlights the important role of women-owned small and medium enterprises (SMEs) and their entrepreneurial success. Therefore, the current study extends the entrepreneurship literature by examining the effects of factors like personality traits (PT), motivation and commitment (MC), availability of financial resources (AFR), and government support (GS) on entrepreneurial success (ES) of women-owned SMEs. Using a purposive sampling technique data from 255 women-owned SMEs were collected. A multi-analytical approach was employed to analyze the data. The Structural equation modeling (SEM) results indicated that PT, MC, AFR, and GS have a direct effect of ES whereas MC also mediated the link between PT and ES, and the results reveal that in presence of MC the effects of PT on ES become more significant. SEM results revealed that PT and AFR are the most important factors related to entrepreneurial success. On the contrary, ANN analysis revealed that “motivation and commitment” is the most influencing factor. These findings can guide business practitioners and policymakers in the envisioned strategy formulation to encourage women entrepreneurs who can contribute to their country’s sustainable economic growth.
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spelling pubmed-98940952023-02-03 Factors influencing women’s entrepreneurial success: A multi-analytical approach Feng, Jiaying Ahmad, Zeeshan Zheng, Wei Front Psychol Psychology Women entrepreneurs are significant contributors to the economic development of any country and their role becomes more vital in improving the economic condition of developing countries. This highlights the important role of women-owned small and medium enterprises (SMEs) and their entrepreneurial success. Therefore, the current study extends the entrepreneurship literature by examining the effects of factors like personality traits (PT), motivation and commitment (MC), availability of financial resources (AFR), and government support (GS) on entrepreneurial success (ES) of women-owned SMEs. Using a purposive sampling technique data from 255 women-owned SMEs were collected. A multi-analytical approach was employed to analyze the data. The Structural equation modeling (SEM) results indicated that PT, MC, AFR, and GS have a direct effect of ES whereas MC also mediated the link between PT and ES, and the results reveal that in presence of MC the effects of PT on ES become more significant. SEM results revealed that PT and AFR are the most important factors related to entrepreneurial success. On the contrary, ANN analysis revealed that “motivation and commitment” is the most influencing factor. These findings can guide business practitioners and policymakers in the envisioned strategy formulation to encourage women entrepreneurs who can contribute to their country’s sustainable economic growth. Frontiers Media S.A. 2023-01-17 /pmc/articles/PMC9894095/ /pubmed/36743627 http://dx.doi.org/10.3389/fpsyg.2022.1099760 Text en Copyright © 2023 Feng, Ahmad and Zheng. https://creativecommons.org/licenses/by/4.0/This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is permitted, provided the original author(s) and the copyright owner(s) are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.
spellingShingle Psychology
Feng, Jiaying
Ahmad, Zeeshan
Zheng, Wei
Factors influencing women’s entrepreneurial success: A multi-analytical approach
title Factors influencing women’s entrepreneurial success: A multi-analytical approach
title_full Factors influencing women’s entrepreneurial success: A multi-analytical approach
title_fullStr Factors influencing women’s entrepreneurial success: A multi-analytical approach
title_full_unstemmed Factors influencing women’s entrepreneurial success: A multi-analytical approach
title_short Factors influencing women’s entrepreneurial success: A multi-analytical approach
title_sort factors influencing women’s entrepreneurial success: a multi-analytical approach
topic Psychology
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9894095/
https://www.ncbi.nlm.nih.gov/pubmed/36743627
http://dx.doi.org/10.3389/fpsyg.2022.1099760
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