IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v13y2021i9p4842-d543463.html
   My bibliography  Save this article

Determinants of Success of Businesses of Female Entrepreneurs in Taiwan

Author

Listed:
  • Lisa-Marie Schröder

    (Institute of International Management, University of Applied Sciences FH Joanneum, 8020 Graz, Austria)

  • Vito Bobek

    (Institute of International Management, University of Applied Sciences FH Joanneum, 8020 Graz, Austria)

  • Tatjana Horvat

    (Faculty of Management, University of Primorska, 6000 Koper, Slovenia)

Abstract

This paper deals with the topic area “female entrepreneurship,” and the research focuses on the determinants of female entrepreneurs’ business success and sustainability, together with their impact on Taiwan’s economic development. According to the Morgan Stanley Capital International (MSCI) and the Financial Times Stock Exchange (FTSE) classification, Taiwan can be considered an emerging economy. Various liberal and social theories and Hofstede’s cultural dimensions were analyzed to develop some hypotheses, including some relevant success factors connected to female entrepreneurship in Taiwan. The Global Entrepreneurship Monitor (GEM) and the Female Entrepreneurship Index (FEI) were relevant for the data analysis because the research was based on secondary data with 1098 observations, and a logistic regression model was performed. The factors of fear of failure and personal network correlated significantly to female entrepreneurs’ business success in Taiwan and the level of education had no significant correlation. Further research is recommended to include additional factors to achieve a higher accuracy of the model. A comparison of Taiwan with another region/country might also deliver some interesting insights.

Suggested Citation

  • Lisa-Marie Schröder & Vito Bobek & Tatjana Horvat, 2021. "Determinants of Success of Businesses of Female Entrepreneurs in Taiwan," Sustainability, MDPI, vol. 13(9), pages 1-23, April.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:9:p:4842-:d:543463
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/13/9/4842/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/13/9/4842/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Joo Yup Kim & Sang Hoon Nam, 1998. "The Concept and Dynamics of Face: Implications for Organizational Behavior in Asia," Organization Science, INFORMS, vol. 9(4), pages 522-534, August.
    2. Maria Minniti, 2010. "Female Entrepreneurship and Economic Activity," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 22(3), pages 294-312, July.
    3. Elvin Afandi & Majid Kermani & Fuad Mammadov, 2017. "Social capital and entrepreneurial process," International Entrepreneurship and Management Journal, Springer, vol. 13(3), pages 685-716, September.
    4. David G. Blanchflower, 2004. "Self-Employment: More may not be better," NBER Working Papers 10286, National Bureau of Economic Research, Inc.
    5. Yannis Georgellis & Howard Wall, 2005. "Gender differences in self-employment," International Review of Applied Economics, Taylor & Francis Journals, vol. 19(3), pages 321-342.
    6. Wei He & H. Kent Baker, 2007. "Small Business Financing: Survey Evidence in West Texas," Journal of Entrepreneurial Finance, Pepperdine University, Graziadio School of Business and Management, vol. 12(1), pages 27-54, Spring.
    7. Hans Landström & Gouya Harirchi & Fredrik Åström, 2011. "Entrepreneurship: Exploring The Knowledge Base," Working Papers on Innovation Studies 20111005, Centre for Technology, Innovation and Culture, University of Oslo.
    8. Cowling, Marc & Taylor, Mark, 2001. "Entrepreneurial Women and Men: Two Different Species?," Small Business Economics, Springer, vol. 16(3), pages 167-175, May.
    9. Rey-Martí, Andrea & Tur Porcar, Ana & Mas-Tur, Alicia, 2015. "Linking female entrepreneurs' motivation to business survival," Journal of Business Research, Elsevier, vol. 68(4), pages 810-814.
    10. Kevane, Michael & Wydick, Bruce, 2001. "Microenterprise Lending to Female Entrepreneurs: Sacrificing Economic Growth for Poverty Alleviation?," World Development, Elsevier, vol. 29(7), pages 1225-1236, July.
    11. Gary S. Hansen & Birger Wernerfelt, 1989. "Determinants of firm performance: The relative importance of economic and organizational factors," Strategic Management Journal, Wiley Blackwell, vol. 10(5), pages 399-411, September.
    12. Martha A. Reavley & Terri R. Lituchy, 2008. "Successful women entrepreneurs: a six-country analysis of self-reported determinants of success – more than just dollars and cents," International Journal of Entrepreneurship and Small Business, Inderscience Enterprises Ltd, vol. 5(3/4), pages 272-296.
    13. Philipp Koellinger & Maria Minniti & Christian Schade, 2013. "Gender Differences in Entrepreneurial Propensity," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 75(2), pages 213-234, April.
    14. Jui-Hsiung Chuang & Jiun-Hao Wang & Yu-Chang Liou & Szu-Yung Wang, 2018. "Exploring Relationship between Personality, Creativity and Entrepreneurship: Empirical Evidence from an Agricultural Students Survey in Taiwan," Journal of Administrative and Business Studies, Professor Dr. Usman Raja, vol. 4(6), pages 277-287.
    15. Meng-Lei Monica Hu & Yu-Hsi Yuan, 2020. "Constructing the Assessment Scale of Youth’s Restaurant Entrepreneurship Competency: The Case of Taiwan," SAGE Open, , vol. 10(1), pages 21582440199, January.
    16. Gregory Scott & Ian Chaston, 2013. "Open innovation in an emerging economy," Management Research Review, Emerald Group Publishing Limited, vol. 36(10), pages 1024-1036, September.
    17. Lo, Kuang-Ta & Pan, Jiun-Nan & Peng, Shi-Shu, 2020. "The role of gender and its potential channels to affect self-employment in Taiwan," Economic Modelling, Elsevier, vol. 89(C), pages 601-610.
    18. Siri A. Terjesen, 2016. "Conditions for high-potential female entrepreneurship," IZA World of Labor, Institute of Labor Economics (IZA), pages 255-255, April.
    19. Cooper, Arnold C. & Gimeno-Gascon, F. Javier & Woo, Carolyn Y., 1994. "Initial human and financial capital as predictors of new venture performance," Journal of Business Venturing, Elsevier, vol. 9(5), pages 371-395, September.
    20. Jiajia Chen & Xiaoqin Zhang & Shengjia Li, 2017. "Multiple linear regression with compositional response and covariates," Journal of Applied Statistics, Taylor & Francis Journals, vol. 44(12), pages 2270-2285, September.
    21. Landström, Hans & Harirchi , Gouya & Åström, Fredrik, 2011. "Entrepreneurship: Exploring the Knowledge Base," Papers in Innovation Studies 2011/8, Lund University, CIRCLE - Centre for Innovation Research.
    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. Ruijie Zhu & Guojing Zhao & Zehai Long & Yangjie Huang & Zhaoxin Huang, 2022. "Entrepreneurship or Employment? A Survey of College Students’ Sustainable Entrepreneurial Intentions," Sustainability, MDPI, vol. 14(9), pages 1-15, May.
    2. Sayed Saghaian & Hosein Mohammadi & Morteza Mohammadi, 2022. "Factors Affecting Success of Entrepreneurship in Agribusinesses: Evidence from the City of Mashhad, Iran," Sustainability, MDPI, vol. 14(13), pages 1-12, June.
    3. Jingjing Wu & Ildikó Rudnák, 2021. "Exploring the Impact of Studying abroad in Hungary on Entrepreneurial Intention among International Students," Sustainability, MDPI, vol. 13(17), pages 1-18, August.
    4. Hyewon Kong & Hyosun Kim, 2022. "Does National Gender Equality Matter? Gender Difference in the Relationship between Entrepreneurial Human Capital and Entrepreneurial Intention," Sustainability, MDPI, vol. 14(2), pages 1-14, January.

    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. Nadia Simoes & Nuno Crespo & Sandrina B. Moreira, 2016. "Individual Determinants Of Self-Employment Entry: What Do We Really Know?," Journal of Economic Surveys, Wiley Blackwell, vol. 30(4), pages 783-806, September.
    2. Ana Tur-Porcar & Alicia Mas-Tur & José Antonio Belso, 2017. "Barriers to women entrepreneurship. Different methods, different results?," Quality & Quantity: International Journal of Methodology, Springer, vol. 51(5), pages 2019-2034, September.
    3. Carolina Castagnetti & Luisa Rosti, 2011. "Who skims the cream of the Italian graduate crop? Wage employment versus self-employment," Small Business Economics, Springer, vol. 36(2), pages 223-234, February.
    4. Martin Obschonka & Eva Schmitt-Rodermund & Antonio Terracciano, 2014. "Personality and the Gender Gap in Self-Employment: A Multi-Nation Study," PLOS ONE, Public Library of Science, vol. 9(8), pages 1-11, August.
    5. Mohd Yasir Arafat & Javed Ali & Amit Kumar Dwivedi & Imran Saleem, 2020. "Social and Cognitive Aspects of Women Entrepreneurs: Evidence from India," Vikalpa: The Journal for Decision Makers, , vol. 45(4), pages 223-239, December.
    6. Kim, GiSeung, 2007. "The analysis of self-employment levels over the life-cycle," The Quarterly Review of Economics and Finance, Elsevier, vol. 47(3), pages 397-410, July.
    7. Víctor M. González-Sánchez & Antonio Martínez Raya & Susana de los Ríos-Sastre, 2020. "An Empirical Study for European Countries: Factors Affecting Economic Growth and Self-Employment by Gender," Sustainability, MDPI, vol. 12(22), pages 1-15, November.
    8. Mehmet Nasih TAĞ & Duygu HIDIROĞLU, 2020. "The Playing Field of Innovative Entrepreneurship: A Multilevel Analysis of Institutional Effects on Female Entrepreneurship," Sosyoekonomi Journal, Sosyoekonomi Society, issue 28(44).
    9. Jorge, Velilla, 2017. "Feminization of entrepreneurship in developing countries? Evidence from GEM data," MPRA Paper 79997, University Library of Munich, Germany.
    10. Marco Caliendo & Frank M. Fossen & Alexander Kritikos & Miriam Wetter, 2015. "The Gender Gap in Entrepreneurship: Not just a Matter of Personality," CESifo Economic Studies, CESifo Group, vol. 61(1), pages 202-238.
    11. Flèche, Sarah & Lepinteur, Anthony & Powdthavee, Nattavudh, 2021. "The importance of capital in closing the entrepreneurial gender gap: A longitudinal study of lottery wins," Journal of Economic Behavior & Organization, Elsevier, vol. 188(C), pages 591-607.
    12. Sergio A. Contreras, 2019. "Self-Employment in Times of Crisis: The Case of the Spanish Financial Crisis," Economies, MDPI, vol. 7(3), pages 1-14, August.
    13. Thomas Leoni & Martin Falk, 2010. "Gender and field of study as determinants of self-employment," Small Business Economics, Springer, vol. 34(2), pages 167-185, February.
    14. Mohd Yasir Arafat & Imran Saleem & Amit Kumar Dwivedi & Adil Khan, 2020. "Determinants of agricultural entrepreneurship: a GEM data based study," International Entrepreneurship and Management Journal, Springer, vol. 16(1), pages 345-370, March.
    15. Schulz, Matthias & Urbig, Diemo & Procher, Vivien, 2016. "Hybrid entrepreneurship and public policy: The case of firm entry deregulation," Journal of Business Venturing, Elsevier, vol. 31(3), pages 272-286.
    16. Maryia Akulava, 2012. "Choice of Becoming Self-Employed in Belarus: Impact of Monetary Gains," BEROC Working Paper Series 18, Belarusian Economic Research and Outreach Center (BEROC).
    17. Gazmend Qorraj, 2017. "Does Education Matter for Entrepreneurship Activities? The Case of Kosovo," International Journal of Management, Knowledge and Learning, International School for Social and Business Studies, Celje, Slovenia, vol. 6(1), pages 131-144.
    18. Ingrid Verheul & Martin Carree & Roy Thurik, 2009. "Allocation and productivity of time in new ventures of female and male entrepreneurs," Small Business Economics, Springer, vol. 33(3), pages 273-291, October.
    19. Fagerberg, Jan & Fosaas, Morten & Sapprasert, Koson, 2012. "Innovation: Exploring the knowledge base," Research Policy, Elsevier, vol. 41(7), pages 1132-1153.
    20. Montgomery, Mark & Johnson, Terry & Faisal, Syed, 2005. "What kind of capital do you need to start a business: financial or human?," The Quarterly Review of Economics and Finance, Elsevier, vol. 45(1), pages 103-122, February.

    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:gam:jsusta:v:13:y:2021:i:9:p:4842-:d:543463. 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: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    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.