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The Determinants of Entrepreneurial Success: An Application to Micro-Enterprises Financed by Microcredit in France

Author

Listed:
  • Serge Valant Gandja

    (Department of Accounting-Finance-Economy, Kedge Business School, 680 Cours de la Liberation, 33405 Talence, France)

  • Marinette Kamaha

    (Department of Finance, EDC Business School, 74/80 Rue Roque de Fillol, 92800 Puteaux, France)

Abstract

Micro-enterprises are at the heart of industrialized countries’ political concerns, particularly in Europe. If the latter are the subject of such special attention, it is because of their important role in terms of economic growth. This study evaluated the factors of business success as a multidimensional and multifaceted construct that integrates three aspects: entrepreneurial continuity, economic success, and entrepreneur satisfaction. Together, we included these three aspects in an econometric analysis using an ordered Probit model. We propose, from a new angle, an understanding of the determinants of the sustainable performance of micro-enterprises, in this case, those financed by microcredit in France. Our results show that total success seems to be explained in particular by elements from financial and human capital, motivation, and entrepreneurial support.

Suggested Citation

  • Serge Valant Gandja & Marinette Kamaha, 2024. "The Determinants of Entrepreneurial Success: An Application to Micro-Enterprises Financed by Microcredit in France," IJFS, MDPI, vol. 12(3), pages 1-16, August.
    • Handle: RePEc:gam:jijfss:v:12:y:2024:i:3:p:79-:d:1454797
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    References listed on IDEAS

    as
    1. Jesmin Akhter & Kun Cheng, 2020. "Sustainable Empowerment Initiatives among Rural Women through Microcredit Borrowings in Bangladesh," Sustainability, MDPI, vol. 12(6), pages 1-19, March.
    2. Koloma, Yaya & Alia, Hayyan, 2014. "Gendered Impact of Microcredit in Mali: An Evaluation by Propensity Score Matching," MPRA Paper 110202, University Library of Munich, Germany.
    3. Dirk Oberschachtsiek, 2012. "The experience of the founder and self-employment duration: a comparative advantage approach," Small Business Economics, Springer, vol. 39(1), pages 1-17, July.
    4. 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.
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