Determinants of Success Factors of Women Entrepreneurs in Bangladesh- A Study Based on Khulna Region

Sarker, Sandip; Palit, Mollika

doi:10.5296/ber.v4i2.6337

Cited by 18 publications

(13 citation statements)

References 21 publications

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“…Women work hard to earn extra income for their family. This is supported by previous studies which documented that household income was a significant deciding factor for women to start their own businesses (Marshall & Oliver, 2005;Allen et al, 2007;Akehurst et al, 2012;Abu Bakar et al, 2013;Sarker & Palit, 2014).…”

Section: A Women Micro-entrepreneurs Profilesupporting

confidence: 75%

Sustainable Development of Women Micro-Entrepreneurs in Malaysia: Factors Affecting Adoption of Rotating Savings and Credit Association (ROSCA)

Azman¹,

Kassim²

2019

Proceedings of the 1st Aceh Global Conference (AGC 2018)

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Rotating savings and credit association (ROSCA) is a form of micro-credit scheme that enables the low-income group to have access to financial services. There is an increasing need for ROSCA especially by women micro-entrepreneurs since this group would normally face difficulties in obtaining financing from the banking institutions. ROSCA can be a sustainable financing tool for the women micro-entrepreneurs in sustaining their business as it enables the available resources to be used efficiently and responsibly. This study applies a qualitative analysis through in-depth interviews with 10 women involving in micro-enterprises that adopted the concept of ROSCA in Eastern regions of Malaysia, namely the Kelantan and Terengganu states. The results showed that ROSCA has enabled the women micro-entrepreneurs to resolve the issues relating to financial shortage in capital while doing business. The women micro-entrepreneurs are found to use ROSCA as an alternative to ensure a sustainable funding for their business, thus increasing financial inclusion in the economy. Keywords-ROSCA; Sustainable development; Women micro-entrepreneurs I. INTRODUCTION According to the UNDP (2014), an entrepreneur can be defined as a person who is alone or with one or two more partners starting or inheriting a business eager to take financial, administrative, social risks and responsibilities, and participating dayto-day management activities. In many countries, women participation in entrepreneurship is showing encouraging growth. Women entrepreneurship development is important in enhancing the economy (Hossain et al., 2009; Nasima and Alam, 2015), and it also increase the financial inclusion in the country. In the USA, for example, women represent around 38 percent of business owners, whereby in Louisana, more businesses are owned by women who stayed longer in business and contributed to the economic growth in USA (Mahajar and Mohd Yunus, 2013). In many countries in the Southeast Asia, in particular, women are dominating the micro-business activities and contributing positively to the family income and living standard. Even in the context of Islamic history, the involvement of women in business can be traced back during the Prophet Muhammad (PBUH) time where his wife was a good example of a successful businesswoman (Azmi et al., 2014). Furthermore, in the Holy Quran, verses An-Nisa; 24 and An-Nalh; 97 also support women to be involved in business if do not exceed the Islamic principles. Generally, women entrepreneurs can be defined as those women who start, own, operate, manage and take risk in their business (Thuaibah et al., 2007). Consequently, women entrepreneurship has become one of the prime topics among the policy-makers in the developing countries since 1980s (Hossain et al., 2009). In Nigeria, women's active participation in micro-enterprises such as agriculture, bakery and retailing has empowered them economically and enabled them to contribute significantly to overall economic development (Balagun, Bustaman and Johari, 2014). Eve...

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Section: A Women Micro-entrepreneurs Profilesupporting

confidence: 75%

Sustainable Development of Women Micro-Entrepreneurs in Malaysia: Factors Affecting Adoption of Rotating Savings and Credit Association (ROSCA)

Azman¹,

Kassim²

2019

Proceedings of the 1st Aceh Global Conference (AGC 2018)

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“…Global Entrepreneurship Monitor Report (2015) shows that more women are starting new businesses and the entrepreneurial gap between men and women in global economies has narrowed by 6 per cent within the last decade. Researchers identified access to finance, friendly government policies, perceiving doing business as prestigious and means of enhancing social status and developing network, access to technology, interpersonal skill, business feature, training and motivation, social security and freedom, assistance and easy regulation, family support and quality assurance among factors that influence women participation in entrepreneurship (Adesua & Lincoln, 2011; Jathial, Zaidi, Jariko, & Rajar, 2012; Okafor & Mordi, 2010; Sarker & Palit, 2014). Women entrepreneurs have more nuanced view of risk—they are more financial risk takers than men, display greater ambition to become serial entrepreneurs than their male counterparts, more-over, an increase in the number of women in business leadership positions is correlated with an increased business returns and payout ratios (Ewing Marion Kauffman Foundation, 2015).…”

Section: Review Of Literaturementioning

confidence: 99%

Psychological Factors that Influences Entrepreneurial Intention Among Women in Nigeria: A Study Based in South East Nigeria

Isiwu

Onwuka

2017

The Journal of Entrepreneurship

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The study examined psychological factors that influence women entrepreneurial intention in Nigeria. One hundred and seventeen (117) women were drawn within Enugu metropolis using purposive random sampling technique. Their ages ranged between 18 and 50 years, with a mean age of 22.07. Cross-sectional design was adopted. Job involvement (JI), self-efficacy, goal orientation and entrepreneurial intention scales were instruments used for data collection. Three hypotheses were tested. Step-wise multiple regressions were the main statistics used for data analysis. Results of the regression analysis showed that among the studied variables, only self-efficacy was a significant predictor of women participation in entrepreneurship (p < 0.01). The three dimensions of goal orientation, learning goal orientation, prove (performance-prove) orientation, and avoid (performance-avoid) orientation, were not significant predictors of women participation in entrepreneurship. Similarly, JI did not also significantly predict women participation in entrepreneurship. A good practical implication of the finding of this study is that women who develop high self-efficacy are more likely to be entrepreneurs and that strategies to build high self-efficacy among women are needed to make more women become entrepreneurs in order to enhance national/grass-root development. Limitations were made, while suggestions for further studies were stated.

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“…The same holds true in the context of Muslim women entrepreneurs where studies have found that human capital is an imperative variable for the success of their ventures in Bahrain (McIntosh and Islam, 2010) and Bangladesh (Sarker and Palit, 2014).Generally, entrepreneurs who possess with higher level of human capital have a comparative improvement which direct them to make better business decisions, implement innovative technologies and adapt to changes (Shrader andSiegel, 2007).…”

Section: Literature Reviewmentioning

confidence: 93%

Human Capital and Business Growth among Muslim Women Entrepreneurs in the Eastern Province of Sri Lanka

2019

IJRTE

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Human capital (HC) is regarded as an essential resource in predicting the growth of any business venture, which encompasses the continued existence of women owned or led business entities. Researching on the capability of HC of Muslim women entrepreneurs (MWEs)has since become a topic for discussion as Muslim women face inimitable challenges than the non-MWEs. This study aims to look at the impact of HC on business growth of MWEs in the Eastern region of Sri Lanka (EPSL). HC was measured using the dimensions of business education, business experience and business skills. A structured questionnaire was used to collect data from 280 MWEs who are engaged with their district chamber of commerce in the Eastern province using simple random sampling technique. Structural Equation Modeling with AMOS and SPSS 23.0 was used as the data analysis technique. The structural model showed that business experience and business skills had significant and positive relationships with business growth of MWEs, whereas business education did not significantly influence their business growth. In most of the families in the conservative Muslim community, females are often not permitted go out themselves alone and mix with their counterparts alone. Further, many families even do not allow their female children to pursue higher education and prefer them to go for early marriage instead. This situation can be observed in Sri Lankan Muslim families especially in the Eastern Province where the majority come from rural areas. MWEs, trade chambers and decision-making authorities may use this finding to gain insights and to develop strategies on HC to facilitate business growth of Sri Lankan MWEs.

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Determinants of Success Factors of Women Entrepreneurs in Bangladesh- A Study Based on Khulna Region

Cited by 18 publications

References 21 publications

Sustainable Development of Women Micro-Entrepreneurs in Malaysia: Factors Affecting Adoption of Rotating Savings and Credit Association (ROSCA)

Sustainable Development of Women Micro-Entrepreneurs in Malaysia: Factors Affecting Adoption of Rotating Savings and Credit Association (ROSCA)

Psychological Factors that Influences Entrepreneurial Intention Among Women in Nigeria: A Study Based in South East Nigeria

Human Capital and Business Growth among Muslim Women Entrepreneurs in the Eastern Province of Sri Lanka

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