The role of women entrepreneurship antecedents in supporting social and economic well-being
-
DOIhttp://dx.doi.org/10.21511/ppm.20(2).2022.36
-
Article InfoVolume 20 2022, Issue #2, pp. 438-447
- Cited by
- 937 Views
-
249 Downloads
This work is licensed under a
Creative Commons Attribution 4.0 International License
One way to support sustainable development is to put concern on women empowerment. The role of women in a society is essential, yet often treated unfairly. This study focuses on looking at the aspects that can determine the success of entrepreneurship as a form of women entrepreneurship. Additionally, the effect of women entrepreneurship on social and economic well-being is also investigated. The study took a quantitative approach and employed a survey method on a total of 406 members of Setia Bhakti Wanita cooperative in Indonesia. STATA 14 statistical software was used to analyze the data. The results of this study indicate that access to micro-loans has the highest impact on women entrepreneurship (path coefficient 0.43), followed by social environment support (path coefficient 0.32), and entrepreneurial education (path coefficient 0.13). Furthermore, women entrepreneurs have a more favorable impact on economic well-being (path coefficient 0.93), as evidenced by better access to health service, than social well-being (path coefficient 0.89) that is shown from better social relationship with the nearest community. This study offers solid evidence-based recommendations for women’s empowerment in Indonesia using proper entrepreneur organization channels.
Acknowledgment
The authors thank to Faculty of Economics and Business, Airlangga University, Indonesia and the Setia Bhakti Women Cooperative East Java Indonesia.
- Keywords
-
JEL Classification (Paper profile tab)I30, I31, M13
-
References47
-
Tables3
-
Figures2
-
- Figure 1. Research model
- Figure 2. Structural equation modeling result
-
- Table 1. Confirmatory factor analysis results
- Table 2. Goodness of fit
- Table 3. Regression weight structural equation modeling
-
- Agarwal, S., & Lenka, U. (2017). Why research needed in women entrepreneurship in India: a viewpoint. International Journal of Social Economics, 45(7), 1042-1057.
- Ahmad, M. (2011). The role of RDS in the development of women entrepreneurship under Islamic microfinance: a case study of Bangladesh. In M. Obidullah and H. Salma (Eds.), Islamic Microfinance for Micro and Medium Enterprises. Jeddah: IRTI and UBD.
- Akhter, J., & Cheng, K. (2020). Sustainable Empowerment Initiatives among Rural Women through Microcredit Borrowings in Bangladesh. Sustainability, 12(6), 2275.
- Akter, S. (2001). Rural women in micro credit programmes for poverty alleviation in Bangladesh-participants and constraints to their activities. Parikarama, 25(2), 7-19.
- Altman, M., & Lamontagne, L. (2004). Gender, human capabilities and culture within the household economy Different paths to socio-economic well-being? International Journal of Social Economics, 31(4), 325-364.
- Anggadwita, G., Luturlean, B. S., Ramadani, V., & Ratten, V. (2017). Socio-cultural environments and emerging economy entrepreneurship: Women entrepreneurs in Indonesia. Journal of Entrepreneurship in Emerging Economies, 9(1), 85-96.
- Atalay, D. (2015). Women’s collaboration for the enhancement of craft culture in contemporary Turkey. Craft Research, 6(2), 223-239.
- Bansal, S., & Singh, A.K. (2019). Examining the social and entrepreneurial development of women through Microfinance in Indian context. Journal of Management Development, 39(4), 407-421.
- Benz, M., & Frey, B. S. (2008). Being independent is a great thing: Subjective evaluations of self-employment and hierarchy. Economica, 75, 362-383.
- Bjornskov, C., & Foss, N. J. (2020) Well-being and entrepreneurship: Using establishment size to identify treatment effects and transmission mechanisms. PLoS ONE, 15(1), e0226008.
- Chant, S. (1997). Women-headed households: Poorest of the poor? Perspectives from Mexico, Costa Rica and the Philippines. IDS Bulletin, 28(3), 26-48.
- Churchill, G. A. (1979). A paradigm for developing better measures of marketing constructs. Journal of Marketing Research, 16(1), 64-73.
- Cornwall, A. (2016). Women’s empowerment: What works? Journal International Development, 28(3), 342-359.
- Dayson, C., Painter, J., & Bennett, E. (2020). Social prescribing for patients of secondary mental health services: emotional, psychological and social well-being outcomes. Journal of Public Mental Health, 19(4), 271-279.
- Diener, E. D., Lucas, R. E., Schimmack, U., & Helliwell, J. F. (2009). Well-being for Public Policy.Oxford: Oxford University Press.
- Elliott, C. S, Hayward, D. M., & Canon, S. (1998). Institutional framing: Some experimental evidence. Journal of Economic Behavior & Organization, 35(4), 455-464.
- Frumen, C. (2016). Why gender equality in doing business makes good economic sense. The world Bank. World Bank Blogs.
- Garikipati, S. (2013). Microcredit and Women’s Empowerment: Have We Been Looking at the Wrong Indicators? Oxford Development Studies, 41(sup1), S53-S75.
- Hameed, W., Mohammad, H. B., & Shahar, H. K. (2018a). Microfinance institute’s non-financial services and women-empowerment: The role of vulnerability. Management Science Letters, 8, 1103-1116.
- Hassan, A., & Saleem, S. (2017). An Islamic microfinance business model in Bangladesh Its role in alleviation of poverty and socio-economic well-being of women. Humanomics, 33(1), 15-37.
- Hatta, Z. A., & Sarkawi, J. T. (2011). Poverty Situation in Indonesia: Challenges and Progress of the Marginalized Group. Asian Social Work and Policy Review, 5(2), 92-106.
- Helliwell, J., & Putnam, R. (2004). The social context of well-being. The Royal Society, 359(1449), 1435-1446.
- ILO. (2007). Assessing the Enabling Environment for Women in Growth Enterprises: An AfDB/ILO Integrated Framework Assessment Guide. Geneva: International Labour Office.
- Jha, P., Makkad, M., & Mittal, S. (2017). Performance oriented factors for Women Entrepreneurs – A scale development perspective. Journal of Entrepreneurship in Emerging Economies, 10(2), 329-360.
- Kabeer, N. (2001). Conflicts over credit: Revaluating the empowerment potential of loans to women in rural Bangladesh. World Development, 29(1), 63-84.
- Kelly, D. J., Ali, A., Brush, C., Corbett, A. C., Majbouri, M., & Rogoff, E. G. (2012). Global entrepreneurship monitor. 2012 United States Report. Babson College and Baruch College.
- Keyes, C. (1998). Social well-being. Social Psychology Quarterly, 61(2), 121-140.
- Keyes, C., & Haidt, J. (2011). Flourishing: positive psychology and the life well lived. Washington DC: American Psychological Association.
- Luong, T. C. T, Jorissen, A., & Paeleman, I. (2019). Performance Measurement for Sustainability: Does Firm Ownership Matter. Sustainability, 11(16), 4436.
- Mahesh, V., Rao P. V. R., Kiran, K., & Condoor, S. (2020). Women Technology Parks: A novel solution for women entrepreneurship and empowerment through location specific technologies and waste material utilization. IOP Conference Series: Materials Science and Engineering, 872, 012018.
- Malhotra, A., & Schuler, S. R. (2005). Women’s empowerment as a variable in international development. In D. Narayan (Ed.), Measuring Empowerment: Cross-Disciplinary Perspectives (pp. 71-88). Washington, DC: The World Bank.
- Marks, N., & Shah, H. (2004). A well-being manifesto for a flourishing society. Journal of Public Mental Health, 3(4), 9-15.
- Mustaffa, C. S., & Asyiek, F. (2015). Conceptualizing Framework for Women Empowerment in Indonesia: Integrating the Role of Media, Interpersonal Communication, Cosmopolite, Extension Agent and Culture as Predictors Variables. Asian Social Science, 11(16), 225.
- Nunally, J., & Bernstein, I. (1994). Psychometric Theory (3rd ed.). NY: McGraw-Hill.
- Orhan, M., & Scott, D. (2001). Why women enter into entrepreneurship: an explanatory model. Women in Management Review, 16(5), 232-247.
- Park, S. M. (2017). The gendered impact of the National Pension Scheme on late-life economic well-being: evidence from the Korean retirement and income study. Quality in Ageing and Older Adults, 18(1), 3-19.
- Provencher, H., & Keyes, C. (2011). Complete mental health recovery: bridging mental illness with positive mental health. Journal of Public Mental Health, 10(1), 57-69.
- Putnam, R. (1993). Making democracy work: civic traditions in modern Italy. New Jersey: Princeton University Press.
- Rahmana, F., Sudjatmoko, A., & Farmania, A. (2020). The role of cooperative mediation in increasing the number of entrepreneurs: Case study of the DKI credit cooperative. Management Science Letters, 10, 1241-1250.
- Robitschek, C., & Keyes, C. L. M. (2009). Keyes’s Model of Mental Health with Personal Growth Initiative as a Parsimonious Predictor Article. Journal of Counseling Psychology, 56(2), 321-329.
- Rudhumbu, N., Du Plessis E., & Maphosa, C. (2019). Challenges and opportunities for women entrepreneurs in Botswana: revisiting the role of entrepreneurship education. Journal of International Education in Business, 13(2), 183-201.
- Staber, U. (2001). The structure of networks in industrial districts. International journal of Urban and Regional Research, 25(3), 537-552.
- Vasanthakumari. (2012). Economic empowerment of women through micro enterprises in Indi with special reference to promotional agencies. International Journal of Multidisciplinary Research, 2(1), 194-200.
- Wannamakok, W., & Chang, Y. (2020). Understanding nascent women entrepreneurs: an exploratory investigation into their entrepreneurial intentions. Gender in Management, 35(6), 553-566.
- Warr, P. (2005). Work, well-being, and mental health. In J. Barling, E. K. Kelloway, & M. R. Frone (Eds.), Handbook of Work Stress (pp. 547-573). Thousand Oaks, CA: Sage.
- Wijers, G. D. M. (2019). Inequality regimes in Indonesian dairy cooperatives: understanding institutional barriers to gender equality. Agriculture and Human Value, 36, 167-181.
- Zhu, L., Kara, O., & Zhu, X. (2018). A comparative study of women entrepreneurship in transitional economies: The case of China and Vietnam. Journal of Entrepreneurship in Emerging Economies, 11(1), 66-80.