Women's empowerment through the development of women's entrepreneurship in the Republic of Serbia: a multivariate analysis

Vujadinović, Jelena (2024) Women's empowerment through the development of women's entrepreneurship in the Republic of Serbia: a multivariate analysis. In: nternational Scientific Conference "Challenges of Modern Economy and Society through the Prism of Green Economy and Sustainable Development" – CESGED 2024. Faculty of Economics and Engineering Management – FIMEK : Educational and Business Center for Development of Human Resources, Management and Sustainable Development, Novi Sad, pp. 253-265. ISBN 978-86-82408-23-9

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Abstract

Considering the significanceeconomic potential of women's
entrepreneurship, both in terms of furthering the progress of the economy
of the Republic of Serbia, and improving the position of women in the
market, analyzing the success factors of women's entrepreneurship is a
very important and current topic. The aim of this research is to analyze the
key factors for the development of women's entrepreneurship in the
Republic of Serbia, as well as to examine the causal relationship between
the development of women's entrepreneurship and the empowerment of
women. This paper contributes to the theoretical and practical knowledge
about women's entrepreneurship and their importance for the social and
economic development of the Republic of Serbia. In order to measure the
effects of women's entrepreneurship development andwomen's
empowerment, a total of 17 variables were created for different factors.
For the purposes of this research, a survey was conducted, and the
questionnaire was created to collect the perceptions of women
entrepreneurs in the Republic of Serbia regarding the following seven
factors: Institutional framework, Education and training, Access to
finance, Access to market facilities, Economic empowerment, Social status
and Development management. The study involved 78 women
entrepreneurs who were evenly geographically distributed from all parts
of the Republic of Serbia. The data were analyzed using the structural
equation modeling (SEM) technique.The number of significant factors was
identified using PLS-SEM software. The research results showed that there
is a statistically significant and positive correlation between the
development ofwomen's entrepreneurship and the empowerment of women
in the Republic of Serbia (0.889). Also, the results highlighted the Institutional Framework as a factor that has a significant and direct impact
on the development of women's entrepreneurship. This study proposes a set
of recommendations for policy makers in the Republic of Serbia.

Item Type:	Book Section
Additional Information:	COBISS.ID=151082505
Uncontrolled Keywords:	women's entrepreneurship, women’s empowerment, economic development, the Republic of Serbia
Research Department:	Macroeconomics
Depositing User:	Jelena Banovic
Date Deposited:	28 Aug 2024 09:23
Last Modified:	28 Aug 2024 09:23
URI:	http://35.240.28.64/id/eprint/2097
Author Links:	[error in script] No links available.

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