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The Impact of Financial Access, Cultural Norms, and Legal Frameworks on Female Entrepreneurship A Cross-Country Empirical Study

نوع الإرسال:مقالة بحثية أصلية

المؤلفون

Rim MENOUAR1;

1 Université Chouaib Doukkali, Maroc

المختصر

This paper examines the link between the availability of financial services and the appearance of women's business start-up in emerging markets, based on the Annual Report (2023) of the World Bank and the Global Entrepreneurship Monitor (GEM) 2023-2024. Female entrepreneurship is a significant contribution to the socio-economic development; thus, it stays one of the key challenges to women entrepreneurship in developing countries where women have a tough time getting a business on the road especially because of the shortage of access to financial services. This research is based on two main assumptions: H1 suggests that the number of women-owned businesses tends to increase with the accessibility of the financial services while H2 posits that cultural preferences and other sociological factors might moderate relation.
The study compares data from different countries to examine the connection between financial inclusion and the rate of female business startups. One of the clues presented in the World Bank's Findex Database (2023) is that availability of loans, savings, and insurance helps to enable more female entrepreneurship. Still, the results of the research show that homes of financial inclusion are intensified by the country's culture and society factors, in such regions where patriarchal norms and legal system are made with the intent of female business participation restriction. Many countries such as India, Egypt, and Sub-Saharan Africa have seen the necessity to solve both types of problems, financial and societal, to draw forth the full potential of female entrepreneurship.
In this research, we also support the literature by pinpointing the correlation of financial inclusion with socio-cultural reforms in nurturing the growth of women entrepreneurs. The policy measures recommended include both financial service-focused and societal gender-related changes that will help make the environment more hospitable to women entrepreneurs in developing countries.

المواضيع الرئيسية

Pharma

الكلمات المفتاحية

Access to financial services
Cultural norms
Emerging markets
Female business creation
Female entrepreneurship
financial inclusion
GEM 2023-2024
Societal factors
World Bank 2023.

رخصة

Journal License

هذا العمل مرخص بموجب رخصة Attribution 4.0 International

issue-coversheet

V1, issue 13

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المراجع

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