IDEAS home Printed from https://ideas.repec.org/a/eco/journ1/2016-03-42.html

Entrepreneurial Success through Microfinance Services among Women Entrepreneurs in Sri Lanka: A Pilot Study and Overview of the Findings

Author

Listed:
  • D. T. Kingsley Bernard

    (Department of Business Management, Sri Lanka Institute of Information Technology, Malabe, Sri Lanka,)

  • Low Lock Teng Kevin

    (Faculty of Accountancy and Management, Universiti Tunku Abdul Rahman, Jalan Sungai Long, Bandar Sungai Long, 43000 Kajang, Selangor, Malaysia,)

  • Aye Aye Khin

    (Faculty of Accountancy and Management, Universiti Tunku Abdul Rahman, Jalan Sungai Long, Bandar Sungai Long, 43000 Kajang, Selangor, Malaysia)

Abstract

Determining microfinance services which facilitate entrepreneurial success (ES) among women entrepreneurs who use such services remains a major issue in the microfinance sector. To address this gap, this study was designed to tap into microfinance services constructs as well as ES of women entrepreneurs within the conceptual model. The relevant questionnaire was piloted among 40 women through microfinance services in Sri Lanka. Based on theories, the measures which comprise microcredit, micro-saving, micro-insurance, business-support, skills development and dependent variable of the ES among women through micro finance were derived from the literature and expert opinion. These constructs were subject to reliability and validity tests to decide on the measures and items to be retained to represent microfinance services and ES in microfinance sector in Sri Lanka. The findings of the study will provide a good starting point to identify the suitable measurements. Further the study will pave way for a comprehensive study which can develop a diamond specification model for the financial sector in Sri Lanka.

Suggested Citation

  • D. T. Kingsley Bernard & Low Lock Teng Kevin & Aye Aye Khin, 2016. "Entrepreneurial Success through Microfinance Services among Women Entrepreneurs in Sri Lanka: A Pilot Study and Overview of the Findings," International Journal of Economics and Financial Issues, International Journal of Economics and Financial Issues, vol. 6(3), pages 1144-1150.
    • Handle: RePEc:eco:journ1:2016-03-42
    as

    Download full text from publisher

    File URL: http://www.econjournals.com/index.php/ijefi/article/download/2454/pdf
    Download Restriction: no
    File URL: http://www.econjournals.com/index.php/ijefi/article/view/2454/pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Khavul, Susanna & Chavez, Helmuth & Bruton, Garry D., 2013. "When institutional change outruns the change agent: The contested terrain of entrepreneurial microfinance for those in poverty," Journal of Business Venturing, Elsevier, vol. 28(1), pages 30-50.
    2. Sriram M S & Upadhyayula, Rajesh, 2002. "The Transformation of Microfinance in India: Experiences, Options and Future," IIMA Working Papers WP2002-12-01, Indian Institute of Management Ahmedabad, Research and Publication Department.
    3. Mark Schreiner & Héctor Horacio Colombet, 2001. "From Urban to Rural: Lessons for Microfinance from Argentina," Development Policy Review, Overseas Development Institute, vol. 19(3), pages 339-354, September.
    4. repec:wbk:wbpubs:28956 is not listed on IDEAS
    5. Garry D. Bruton & David Ahlstrom & Krzysztof Obloj, 2008. "Entrepreneurship in Emerging Economies: Where Are We Today and Where Should the Research Go in the Future," Entrepreneurship Theory and Practice, , vol. 32(1), pages 1-14, January.
    6. repec:wbk:wbpubs:14254 is not listed on IDEAS
    7. Garry D Bruton & Susanna Khavul & Helmuth Chavez, 2011. "Microlending in emerging economies: Building a new line of inquiry from the ground up," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 42(5), pages 718-739, June.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Waseem Ul Hameed & Muhammad Haseeb & Jawad Iqbal & Leonardus W. W. Mihardjo & Kittisak Jermsittiparsert, 2022. "Environmental disaster and women self‐sustainability—A survey study on microfinance female clientele in Pakistan," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 27(3), pages 3599-3622, July.

    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. Mary Juliet Nakabugo & Stephen Muathe & Evans Mwasiaji, 2023. "Conceptualizing Microfinance Services, Government Regulation and Performance in the Context of Coffee Entrepreneurs: A Theoretical Review," International Journal of Business and Management, Canadian Center of Science and Education, vol. 16(4), pages 1-1, February.
    2. Tobias, Jutta M. & Mair, Johanna & Barbosa-Leiker, Celestina, 2013. "Toward a theory of transformative entrepreneuring: Poverty reduction and conflict resolution in Rwanda's entrepreneurial coffee sector," Journal of Business Venturing, Elsevier, vol. 28(6), pages 728-742.
    3. Sun, Sunny Li & Liang, Hao, 2021. "Globalization and affordability of microfinance," Journal of Business Venturing, Elsevier, vol. 36(1).
    4. Sharon Alvarez & Jay Barney & Arielle Newman, 2015. "The poverty problem and the industrialization solution," Asia Pacific Journal of Management, Springer, vol. 32(1), pages 23-37, March.
    5. Sugato Chakravarty & Abu Zafar M. Shahriar, 2015. "Selection of Borrowing Partners in Joint Liability–Based Microcredit: Evidence from Framed Field Experiments in Bangladesh," Entrepreneurship Theory and Practice, , vol. 39(1), pages 129-144, January.
    6. Drori, Israel & Manos, Ronny & Santacreu-Vasut, Estefania & Shenkar, Oded & Shoham, Amir, 2018. "Language and market inclusivity for women entrepreneurship: the case of microfinance," Journal of Business Venturing, Elsevier, vol. 33(4), pages 395-415.
    7. Saul Estrin & Daniel Gozman & Susanna Khavul, 2018. "The evolution and adoption of equity crowdfunding: entrepreneur and investor entry into a new market," Small Business Economics, Springer, vol. 51(2), pages 425-439, August.
    8. Junyon Im & Sunny Sun, 2015. "Profits and outreach to the poor: The institutional logics of microfinance institutions," Asia Pacific Journal of Management, Springer, vol. 32(1), pages 95-117, March.
    9. Thomas H. Allison & Blakley C. Davis & Jeremy C. Short & Justin W. Webb, 2015. "Crowdfunding in a Prosocial Microlending Environment: Examining the Role of Intrinsic versus Extrinsic Cues," Entrepreneurship Theory and Practice, , vol. 39(1), pages 53-73, January.
    10. Steven Si & Xuebao Yu & Aiqi Wu & Shouming Chen & Song Chen & Yiyi Su, 2015. "Entrepreneurship and poverty reduction: A case study of Yiwu, China," Asia Pacific Journal of Management, Springer, vol. 32(1), pages 119-143, March.
    11. Bruton, Garry & Sutter, Christopher & Lenz, Anna-Katharina, 2021. "Economic inequality – Is entrepreneurship the cause or the solution? A review and research agenda for emerging economies," Journal of Business Venturing, Elsevier, vol. 36(3).
    12. Estrin, Saul & Gozman, Daniel & Khavul, Susanna, 2018. "The evolution and adoption of equity crowdfunding: entrepreneur and investor entry into a new market," LSE Research Online Documents on Economics 87351, London School of Economics and Political Science, LSE Library.
    13. Garry Bruton & Susanna Khavul & Donald Siegel & Mike Wright, 2015. "New Financial Alternatives in Seeding Entrepreneurship: Microfinance, Crowdfunding, and Peer–to–Peer Innovations," Entrepreneurship Theory and Practice, , vol. 39(1), pages 9-26, January.
    14. Jose Godinez & Denise R. Dunlap, 2021. "Frontier Markets and Sustainable Entrepreneurial Competences: An Exploratory Study of the Impact of a New Industry in Guatemala," Sustainability, MDPI, vol. 13(20), pages 1-21, October.
    15. Sutter, Christopher & Bruton, Garry D. & Chen, Juanyi, 2019. "Entrepreneurship as a solution to extreme poverty: A review and future research directions," Journal of Business Venturing, Elsevier, vol. 34(1), pages 197-214.
    16. Bruton, Garry D. & Ketchen, David J. & Ireland, R. Duane, 2013. "Entrepreneurship as a solution to poverty," Journal of Business Venturing, Elsevier, vol. 28(6), pages 683-689.
    17. Arp, Frithjof & Ardisa, Alvin & Ardisa, Alviani, 2017. "Microfinance for poverty alleviation: Do transnational initiatives overlook fundamental questions of competition and intermediation?," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 24(3), pages 103-117.
    18. Shahzad Khurram & Sandra Charreire Petit, 2017. "Investigating the Dynamics of Stakeholder Salience: What Happens When the Institutional Change Process Unfolds?," Journal of Business Ethics, Springer, vol. 143(3), pages 485-515, July.
    19. Hartarska, Valentina M. & Zhang, Jingfang & Nadolnyak, Denis A., 2023. "Scope Economies from Rural and Urban Microfinance Services," 2023 Annual Meeting, July 23-25, Washington D.C. 335439, Agricultural and Applied Economics Association.
    20. Dean A. Shepherd & Vinit Parida & Joakim Wincent, 2021. "Entrepreneurship and Poverty Alleviation: The Importance of Health and Children’s Education for Slum Entrepreneurs," Entrepreneurship Theory and Practice, , vol. 45(2), pages 350-385, March.

    More about this item

    Keywords

    ;
    ;
    ;

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

    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:eco:journ1:2016-03-42. 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: Monica Sinhat (email available below). General contact details of provider: https://econjournals.com/index.php/ijefi .

    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.