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The influence of the factors on growth of women entrepreneurship in small and medium scale business enterprises: a case study of women entrepreneurship in Negombo

Author:

R. Sivashanker

University of Kelaniya, LK
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Abstract

Entrepreneurship is a process, which tends to innovate, initiate, promote and prolong the Socio- economic activities that benefit the individuals as well as group of individuals of a county. Creation of venture generates in employment opportunities, growth of aggregate production, poverty reduction and productivity of resources. Development of a nation necessitates optimum labour participation of males andfemale as well. In context of Sri Lanka 90% of the entities are sole trade  enterprises where 70% of the entities represent micro ventures. The ventures created through women entrepreneurs seem to be 25% and the active labour force of women encounters only 35% in Sri Lanka. It displays that, a few women tends to create ventures and to become as entrepreneurs. Therefore, the study focuses the significant factors that influence the female entrepreneurs in venture creation as the appreciation for their empowerment. Evaluating the most impressive factor, which supports venture creation, would be the major objective of the study. Negombo division has been used for the study through six different sectors where 60 micro ventures have sampled from 443 enterprises. Confirmatory factor analysis, structural model and chi square tests are used to testify the hypotheses through the factors such as entrepreneurial, selfefficacy, economic, and social network that imply both Internal and external factors on creation and existence of enterprises. Study identifies that entrepreneurial factors and economic factors are reflecting their positive relationship on growing trend of women entrepreneurship.
How to Cite: Sivashanker, R. (2020). The influence of the factors on growth of women entrepreneurship in small and medium scale business enterprises: a case study of women entrepreneurship in Negombo. Journal of Business Studies, 7(2), 42–61. DOI: http://doi.org/10.4038/jbs.v7i2.60
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Published on 30 Dec 2020.
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