IDEAS home Printed from https://ideas.repec.org/a/avo/emipdu/v32y2023i2p391-408.html
   My bibliography  Save this article

The Role Of Education In Increasing Market And New Product Development Performance In The Context Of Female Entrepreneurship: The Case Of Croatia

Author

Listed:
  • Bojan Moric Milovanovic

    (Institute of Public Finance, Zagreb, Croatia)

Abstract

Female entrepreneurship is a rapidly expanding academic topic in the field of entrepreneurship. Many researchers claim that female entrepreneurship represents a new stream of economic growth because higher inclusion of women in entrepreneurial activities generates new jobs, enables the exploitation of new business opportunities, and provides new perspectives and solutions to managerial, organizational and business problems in general. Therefore, the purpose of this paper is to further explore the impact of gender, experience and education on the entrepreneurial performance. More specifically, by using the linear regression analysis the paper will explore direct and moderating effects of gender, experience and education on the market and new product development in the context of Croatian SMEs. The results of this study did not confirm any positive effects of gender, experience, or education on market development and new product development. Moreover, the results did not confirm the existence of moderation effects between gender and experience on market development, nor on new product development. On the other hand, this study produced a very interesting finding, that the relationship between education and market development, and education and new product development is moderated in such a way that it is stronger for women than for men. This means that business performance, in this case considered as market and new product development, is higher with the increase in level of education among female entrepreneurs. Therefore, these findings provide another layer of evidence to policy makers that tailor-made educational business programs are more than necessary and useful to prepare women for entrepreneurial projects, which in turn brings many benefits to the national economy and society as a whole.

Suggested Citation

  • Bojan Moric Milovanovic, 2023. "The Role Of Education In Increasing Market And New Product Development Performance In The Context Of Female Entrepreneurship: The Case Of Croatia," Economic Thought and Practice, Department of Economics and Business, University of Dubrovnik, vol. 32(2), pages 391-408, december.
    • Handle: RePEc:avo:emipdu:v:32:y:2023:i:2:p:391-408
    DOI: 10.17818/EMIP/2023/2.5
    as

    Download full text from publisher

    File URL: https://hrcak.srce.hr/index.php/clanak/448589
    Download Restriction: no
    File URL: https://libkey.io/10.17818/EMIP/2023/2.5?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Janice Byrne & Salma Fattoum & Maria Cristina Diaz Garcia, 2019. "Role Models and Women Entrepreneurs: Entrepreneurial Superwoman Has Her Say," Journal of Small Business Management, Taylor & Francis Journals, vol. 57(1), pages 154-184, January.
    2. Gry Agnete Alsos & Elisabet Ljunggren, 1998. "Does The Business Start-Up Process Differ By Gender? - A Longitudinal Study Of Nascent Entrepreneurs," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 6(04), pages 347-367.
    3. Elisa Ughetto & Mariacristina Rossi & David Audretsch & Erik E. Lehmann, 2020. "Female entrepreneurship in the digital era," Small Business Economics, Springer, vol. 55(2), pages 305-312, August.
    4. Kausik Chaudhuri & Subash Sasidharan & Rajesh Seethamma Natarajan Raj, 2020. "Gender, small firm ownership, and credit access: some insights from India," Small Business Economics, Springer, vol. 54(4), pages 1165-1181, April.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Naudé, Wim & Liebregts, Werner, 2020. "Digital Entrepreneurship Research: A Concise Introduction," IZA Discussion Papers 13667, Institute of Labor Economics (IZA).
    2. Per Davidsson, 2005. "Paul D. Reynolds: Entrepreneurship Research Innovator, Coordinator, and Disseminator," Small Business Economics, Springer, vol. 24(4), pages 351-358, May.
    3. Susan Müller & Alyssa Lara Kirst & Heiko Bergmann & Barbara Bird, 2023. "Entrepreneurs’ actions and venture success: a structured literature review and suggestions for future research," Small Business Economics, Springer, vol. 60(1), pages 199-226, January.
    4. Amon Simba & Mahdi Tajeddin & Léo-Paul Dana & Domingo E. Ribeiro Soriano, 2024. "Deconstructing involuntary financial exclusion: a focus on African SMEs," Small Business Economics, Springer, vol. 62(1), pages 285-305, January.
    5. Helene Ahl & Karin Berglund & Katarina Pettersson & Malin Tillmar, 2016. "From feminism to FemInc.ism: On the uneasy relationship between feminism, entrepreneurship and the Nordic welfare state," International Entrepreneurship and Management Journal, Springer, vol. 12(2), pages 369-392, June.
    6. Wee Chan Au & Siân Stephens, 2023. "I Am Not Just a Nurse: The Need for a Boundaried Ethic of Care in the Context of Prolific Relationality," Journal of Business Ethics, Springer, vol. 186(3), pages 493-510, September.
    7. Ferdinando Giglio, 2020. "Access to Credit and Women Entrepreneurs: A Systematic Literature Review," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 312-335.
    8. Saheli Bose, 2023. "The penalty of work from home: gender gap in productivity of unorganised manufacturing firms in India," Small Business Economics, Springer, vol. 60(1), pages 351-369, January.
    9. Saibal Ghosh, 2023. "Gender and discouraged borrowers: Evidence from India," Journal of International Development, John Wiley & Sons, Ltd., vol. 35(7), pages 1731-1752, October.
    10. Zhang, Dengjun & Wellalage, Nirosha Hewa & Fernandez, Viviana, 2022. "Environmental assurance, gender, and access to finance: Evidence from SMEs," International Review of Financial Analysis, Elsevier, vol. 83(C).
    11. Darden, Bryan B. & Kellermanns, Franz W. & Best, Emma L., 2022. "Entrepreneurial fear of failure: Transgender versus cis-gender entrepreneurs," Journal of Business Venturing Insights, Elsevier, vol. 18(C).
    12. Sanae Hobad & Laila Hobad & Abderrazzak Kabbouri, 2023. "Female entrepreneurship and social media in Morocco [L'entrepreneuriat féminin et les médias sociaux au Maroc]," Post-Print hal-03973512, HAL.
    13. Vanita Yadav & Jeemol Unni & Ravikiran Naik & Swati Dutta, 2022. "Gender Differentials in Entrepreneurship: Insights from a Multi-method Study," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 31(1), pages 30-64, March.
    14. Yalin Wang & Yaokuang Li & Juan Wu & Li Ling & Dan Long, 2023. "Does digitalization sufficiently empower female entrepreneurs? Evidence from their online gender identities and crowdfunding performance," Small Business Economics, Springer, vol. 61(1), pages 325-348, June.
    15. Allison, Lee & Liu, Yu & Murtinu, Samuele & Wei, Zuobao, 2023. "Gender and firm performance around the world: The roles of finance, technology and labor," Journal of Business Research, Elsevier, vol. 154(C).
    16. Mushtaq, Rizwan & Gull, Ammar Ali & Usman, Muhammad, 2022. "ICT adoption, innovation, and SMEs’ access to finance," Telecommunications Policy, Elsevier, vol. 46(3).
    17. Sheng Fang & Dean Xu & Lixin Colin Xu & Heba Shams, 2023. "Does FDI have a social demonstration effect in developing economies? Evidence based on the presence of women-led local firms," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 54(7), pages 1332-1350, September.
    18. Ferdinando Giglio, 2021. "Access to Credit and Women Entrepreneurs: A Systematic Literature Review," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 13(10), pages 1-12, September.
    19. Bejjani, Melissa & Göcke, Lutz & Menter, Matthias, 2023. "Digital entrepreneurial ecosystems: A systematic literature review," Technological Forecasting and Social Change, Elsevier, vol. 189(C).
    20. Msomi Thabiso Sthembiso & Olarewaju Odunayo Magret & Ngcobo Xolani, 2021. "Sustaining South African small and medium-sized enterprises through monetary access and Literacy in the COVID-19 ERA," Folia Oeconomica Stetinensia, Sciendo, vol. 21(2), pages 57-75, December.

    More about this item

    Keywords

    female entrepreneurship; education; performance; Croatia;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:avo:emipdu:v:32:y:2023:i:2:p:391-408. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Nebojsa Stojcic (email available below). General contact details of provider: https://edirc.repec.org/data/oedubhr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.