This empirical study investigates the bearing of access to entrepreneurial finance on the business performance of selected women-led start-ups in Metropolitan cities, including Zivame, Kaaryah, Shuttl, and Vahdam Teas. Women entrepreneurs often encounter unique challenges in securing funding, which significantly influences their ability to scale and sustain their businesses. The research explores the correlation between access to various forms of finance—such as venture capital, angel investors, and crowdfunding—and key performance indicators, including revenue growth, market expansion, and operational efficiency. The findings reveal that securing funding remains a significant hurdle, with a mean score of 3.41 indicating general agreement among participants regarding the difficulty of obtaining necessary financial resources. The perception that gender impacts access to financing is evident, with a mean score of 3.15, highlighting the greater challenges faced by women compared to their male counterparts. Respondents identified funding as essential for scaling operations, achieving a high mean score of 3.76, underscoring the critical role of financial resources in enabling business expansion and innovation. The positive influence of financial support on revenue growth (mean 3.40) and operational efficiency (mean 3.30) emphasizes the necessity of adequate funding in driving performance and enhancing the sustainability of women-led enterprises. Additionally, the analysis highlights the existence of gender biases and scrutiny affecting women entrepreneurs, reflected in mean scores of 3.55 and 3.30, respectively. This underscores a pervasive perception that gender-related obstacles hinder women’s entrepreneurial endeavors, resulting in significant underrepresentation in venture capital funding (mean 3.40). Correlation analysis shows low correlations among factors related to funding challenges, gender impact, and business performance, suggesting that while interrelated, their direct effects may be moderated by other variables. Regression analysis indicates that the amount of funding significantly influences revenue growth (coefficient = 0.35, p-value = 0.01) and market expansion (coefficient = 0.40, p-value = 0.005), underscoring the importance of securing adequate financial resources. This research emphasizes the urgent need for targeted interventions to address the funding challenges faced by women entrepreneurs. Policymakers, financial institutions, and support organizations must collaborate to create an inclusive financial ecosystem that recognizes and mitigates gender biases. By enhancing access to funding, fostering investor diversity, and providing tailored support for women-led enterprises, it is possible to unlock their potential, driving economic growth and promoting gender equity in entrepreneurship. This study highlights the critical intersection of gender, funding, and business performance, providing a foundation for further exploration and action in this vital area.

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Access to Entrepreneurial Finance and Business Performance: An Empirical Study of Selected Women-Led Start-Ups

  • Sarita Rana,
  • S. Mahabub Basha,
  • Froilan Mobo,
  • Mazharunnisa

摘要

This empirical study investigates the bearing of access to entrepreneurial finance on the business performance of selected women-led start-ups in Metropolitan cities, including Zivame, Kaaryah, Shuttl, and Vahdam Teas. Women entrepreneurs often encounter unique challenges in securing funding, which significantly influences their ability to scale and sustain their businesses. The research explores the correlation between access to various forms of finance—such as venture capital, angel investors, and crowdfunding—and key performance indicators, including revenue growth, market expansion, and operational efficiency. The findings reveal that securing funding remains a significant hurdle, with a mean score of 3.41 indicating general agreement among participants regarding the difficulty of obtaining necessary financial resources. The perception that gender impacts access to financing is evident, with a mean score of 3.15, highlighting the greater challenges faced by women compared to their male counterparts. Respondents identified funding as essential for scaling operations, achieving a high mean score of 3.76, underscoring the critical role of financial resources in enabling business expansion and innovation. The positive influence of financial support on revenue growth (mean 3.40) and operational efficiency (mean 3.30) emphasizes the necessity of adequate funding in driving performance and enhancing the sustainability of women-led enterprises. Additionally, the analysis highlights the existence of gender biases and scrutiny affecting women entrepreneurs, reflected in mean scores of 3.55 and 3.30, respectively. This underscores a pervasive perception that gender-related obstacles hinder women’s entrepreneurial endeavors, resulting in significant underrepresentation in venture capital funding (mean 3.40). Correlation analysis shows low correlations among factors related to funding challenges, gender impact, and business performance, suggesting that while interrelated, their direct effects may be moderated by other variables. Regression analysis indicates that the amount of funding significantly influences revenue growth (coefficient = 0.35, p-value = 0.01) and market expansion (coefficient = 0.40, p-value = 0.005), underscoring the importance of securing adequate financial resources. This research emphasizes the urgent need for targeted interventions to address the funding challenges faced by women entrepreneurs. Policymakers, financial institutions, and support organizations must collaborate to create an inclusive financial ecosystem that recognizes and mitigates gender biases. By enhancing access to funding, fostering investor diversity, and providing tailored support for women-led enterprises, it is possible to unlock their potential, driving economic growth and promoting gender equity in entrepreneurship. This study highlights the critical intersection of gender, funding, and business performance, providing a foundation for further exploration and action in this vital area.