Woman’s entrepreneurship – female participation in loss-making SMEs

Tatjana Janovac (), Verica Jovanoviæ (), Pavle Radanov () and Saša Virijeviæ Jovanoviæ ()
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Tatjana Janovac: University Business Academy, Serbia, Faculty of Applied Management, Economics and Finance, Jevrejska 24, Belgrade, Serbia
Verica Jovanoviæ: College of Economics and Administration, Imotska 1, Belgrade, Serbia
Pavle Radanov: University Business Academy, Serbia, Faculty of Applied Management, Economics and Finance, Jevrejska 24, Belgrade, Serbia
Saša Virijeviæ Jovanoviæ: University Business Academy, Serbia, Faculty of Applied Management, Economics and Finance, Jevrejska 24, Belgrade, Serbia

Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, 2021, vol. 39, issue 1, 39-58

Abstract: 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.

Keywords: SMEs; owners; female entrepreneurs; loss-making enterprises; capital (search for similar items in EconPapers)
JEL-codes: D24 J16 L26 (search for similar items in EconPapers)
Date: 2021
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