Open AccessWoman’s entrepreneurship – female participation in loss-making SMEs
Author(s) -
Tatjana Janovac,
Verica Jovanoviæ,
Pavle Radanov,
Saša Virijeviæ Jovanoviæ
Publication year - 2021
Publication title -
zbornik radova ekonomskog fakulteta u rijeci
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.236
H-Index - 12
eISSN - 1846-7520
pISSN - 1331-8004
DOI - 10.18045/zbefri.2021.1.39
Subject(s) - entrepreneurship , female entrepreneurs , women entrepreneurs , fell , debt , business , demographic economics , sample (material) , small business , order (exchange) , small and medium sized enterprises , descriptive statistics , empirical research , finance , economics , geography , philosophy , chemistry , statistics , cartography , mathematics , chromatography , epistemology
The paper explores the ownership structure of small and medium-sized enterprises (SMEs), which fell into a debt crisis due to business failures, in order to indicate the differences between male and female entrepreneurs. We conducted the empirical research on a sample of 186 small and medium-sized loss-making enterprises in the Republic of Serbia. The results obtained by descriptive statistical analysis of the observed sampleshow that the participation of female companies among loss-making enterprises is considerably low. The ratio of companies owned by women and those owned by men was 18.8%: 81.2%. Furthermore, we have recorded a significant difference in the amounts of debt, indicating that female companies have significantly lower debt rates when compared to those owned by men. The findings of this research can be applied as a strategic framework for policymakers to encourage female entrepreneurship.