3,287
Views
1
CrossRef citations to date
0
Altmetric
MANAGEMENT

The role of microfinance on women’s entrepreneurship development in Western Ethiopia evidence from a structural equation modeling: Non-financial service is the way forward

ORCID Icon &
Article: 2256079 | Received 30 Dec 2022, Accepted 03 Sep 2023, Published online: 27 Sep 2023

References

  • Adams, S., & Barthlomew, T. (2010). The impact of microfinance on Maize Farmers in Nkoranza (Brong Ahafo region of Ghana). Journal of Management Research, 2(2). 2(2. https://doi.org/10.5296/jmr.v2i2.289
  • Adera, A., & Abdisa, L. T. (2023). Financial inclusion and women’s economic empowerment: Evidence from Ethiopia. Cogent Economics & Finance, 11(2). https://doi.org/10.1080/23322039.2023.2244864
  • Akula, S. C., & Singh, P. (2022). Influence of microfinance on women entrepreneurship: The mediating role of women economic security and moderating role of previous work experience. Cuadernos de Economia, 45(127), 59–20. https://doi.org/10.32826/cude.v1i127.605
  • Babin, B. J., Hair, J. F., & Boles, J. S. (2008). Publishing research in marketing journals using structural equation modeling. Journal of Marketing Theory & Practice, 16(4), 279–286. https://doi.org/10.2753/MTP1069-6679160401
  • Baruah, P. B., & Bezbaruah, M. P. (2020). Financial access and business performance of urban unorganised sector enterprises: A study of Assam in Northeast India. Journal of Entrepreneurship, 29(1), 119–147. https://doi.org/10.1177/0971355719893502
  • Bel Hadj Miled, K. (2022). Microfinance and women entrepreneurship development: Evidence from Tunisia. SN Business & Economics, 3(1), 1–16. https://doi.org/10.1007/s43546-022-00381-5
  • Bentler, P. M. (1990). Comparative fit indexes in structural models. Quantitative Methods in Psychology, 107(2), 238–246. https://doi.org/10.1037/0033-2909.107.2.238
  • Beriso, B. S. (2021). Determinants of economic achievement for women entrepreneurs in Ethiopia. Journal of Innovation and Entrepreneurship, 10(1). https://doi.org/10.1186/s13731-020-00141-5
  • Bettoni, L., Santos, M., & Filho, G. O. (2023). The impact of microcredit on small firms in Brazil: A potential to promote investment, growth and inclusion. Journal of Policy Modeling, 45(3), 592–608. https://doi.org/10.1016/j.jpolmod.2023.04.005
  • Boateng, S., & Poku, K. O. (2019). Accessing finance among women-owned small businesses: Evidence from lower Manya Krobo municipality, Ghana. Journal of Global Entrepreneurship Research, 9(1). https://doi.org/10.1186/s40497-018-0128-0
  • Browne, M., & Cudeck, R. (1993). Alternative ways of assessing model fit; testing structural equation models. Sage.
  • Brush, C. G., & Cooper, S. Y. (2012). Female entrepreneurship and economic development: An international perspective. Entrepreneurship & Regional Development, 24(1–2), 1–6. https://doi.org/10.1080/08985626.2012.637340
  • Bruton, G. D., Khavul, S., & Chavez, H. (2011). Microlending in emerging economies: Building a new line of inquiry from the ground up. Journal of International Business Studies, 42(5), 718–739. https://doi.org/10.1057/jibs.2010.58
  • Bryne, B. (2010).Structural equation modeling with AMOS: Basic concepts, applications, and programming (2nd ed.). Routledge/Taylor & Francis Group.
  • Byrne, B. M. (2001). Structural equation modeling: Perspectives on the present and the future. International Journal of Testing, 1(3–4), 327–334. https://doi.org/10.1080/15305058.2001.9669479
  • Chauhan, K. A. (2016). Research Analytics: A practical approach to data analysis (1st ed.) (p. 365). Dreamtech Press. 978-93-5119-808-6.
  • Cheung, C. M. K., & Lee, M. K. O. (2010). A theoretical model of intentional social action in online social networks. Decision Support Systems, 49(1), 24–30. https://doi.org/10.1016/j.dss.2009.12.006
  • Chin, W. W., Peterson, R. A., & Brown, S. P. (2008). Structural equation modeling in marketing: Some practical reminders. Journal of Marketing Theory & Practice, 16(4), 287–298. https://doi.org/10.2753/MTP1069-6679160402
  • Cooper, D. C., & Schindler, P. S. (2008). Business research methods. American Society of Health-System Pharma-Cists.
  • Dabic, M., Daim, T., Bayraktaroglu, E., Novak, I., & Basic, M. (2012). Exploring gender differences in attitudes of university students towards entrepreneurship. International Journal of Gender and Entrepreneurship, 4(3), 316–336. https://doi.org/10.1108/17566261211264172
  • Dogan, G. (2004). Parameter and confidence interval estimation in system dynamics models. Proceedings of the 22nd International Conference of the System Dynamics Society, Oxford, UK (pp. 1–38).
  • Du Rietz, A., & Henrekson, M. (2000). Testing the female underperformance hypothesis. Small Business Economics, 14(1), 1–10. https://doi.org/10.1023/A:1008106215480
  • Elson, D. (2009). Gender equality and economic growth in the world bank world development report 2006. Feminist Economics, 15(3), 35–59. https://doi.org/10.1080/13545700902964303
  • Endalew, T. A. (2020). Determinants that influence the performance of women entrepreneurs in micro and small enterprises in Ethiopia. Journal of Innovation and Entrepreneurship, 9(24). https://doi.org/10.1186/s13731-020-00132-6
  • Etim, E., & Iwu, C. G. (2019). A descriptive literature review of the continued marginalisation of female entrepreneurs in sub-saharan Africa. International Journal of Gender Studies in Developing Societies, 3(1), 1. https://doi.org/10.1504/IJGSDS.2019.096755
  • Ferdousi, F. (2015). Impact of microfinance on sustainable entrepreneurship development. Development Studies Research, 2(1), 51–63. https://doi.org/10.1080/21665095.2015.1058718
  • Field, A. P. (2005). Is the meta-analysis of correlation coefficients accurate when population correlations vary? Psychological Methods, 10(4), 444–467. https://doi.org/10.1037/1082-989X.10.4.444
  • Fornell, C., & Larcker, D. F. (1981). Structural equation models with unobservable variables and measurement error: Algebra and statistics. Journal of Marketing Research, 18(3), 382–388. https://doi.org/10.1177/002224378101800313
  • Greene, P. G., Brush, C. G., Hart, M. M., & Saparito, P. (2001). Patterns of venture capital funding: Is gender a factor?. Venture Capital, 3(1), 63–83. https://doi.org/10.1080/13691060118175
  • Hair, J. F., Black, B., Babin, B., & Anderson, R. E. (2010). Multivariate data analysis (7th ed.). Pearson Prentice Hall.
  • Hair, J. F., Black, W. C., Babin, B. J., Anderson, R. E., & Tatham, R. L. (2014). Multivariate data analysis (7th ed.). Pearson Education Limited Harlow.
  • Henning, S., & Akoob, K. (2017). Motivational factors affecting informal women entrepreneurs in Northwest Province. The Southern African Journal of Entrepreneurship and Small Business Management, 9(1), 10. https://doi.org/10.4102/sajesbm.v9i1.91
  • Jalil, M. F. (2021). Microfinance towards micro-enterprises development in rural Malaysia through digital finance. Discover Sustainability, 2(1). https://doi.org/10.1007/s43621-021-00066-3
  • Khan, S. T., Bhat, M. A., & Sangmi, M. (2023). Impact of microfinance on economic, social, political and psychological empowerment: Evidence from Women’s Self-help Groups in Kashmir Valley, India. FIIB Business Review, 12(1), 58–73. https://doi.org/10.1177/2319714520972905
  • Khavul, S., Chavez, H., & Bruton, G. D. (2013). When institutional change outruns the change agent: The contested terrain of entrepreneurial microfinance for those in poverty. Journal of Business Venturing, 28(1), 30–50. https://doi.org/10.1016/j.jbusvent.2012.02.005
  • Khursheed, A. (2022). Exploring the role of microfinance in women’s empowerment and entrepreneurial development: A qualitative study. Future Business Journal, 8(1). https://doi.org/10.1186/s43093-022-00172-2
  • Kuzilwa, J. A. (2005). The role of credit for small business success. Journal of Entrepreneurship, 14(2), 131–161. https://doi.org/10.1177/097135570501400204
  • Ledgerwood, J. (2000). Microfinance handbook: An institutional and financial perspective. The World Bank.
  • MacCallum, R. C., & Hong, S. (1997). Power analysis in covariance structure modeling using GFI and AGFI. Multivariate Behavioral Research, 32(2), 193–210. https://doi.org/10.1207/s15327906mbr3202_5
  • Mashapure, R., Nyagadza, B., Chikazhe, L., Mazuruse, G., & Hove, P. (2023). Women entrepreneurship development and sustainable rural livelihoods in Zimbabwe. Arab Gulf Journal of Scientific Research. https://doi.org/10.1108/AGJSR-07-2022-0112
  • Mathur, N., Khandelwal, P., & Mathur, H. (2021). Significance of microfinance in entrepreneurship development: A study of South Rajasthan. In Entrepreneurship and regional development (pp. 25–39). Springer International Publishing. https://doi.org/10.1007/978-3-030-45521-7_2
  • Mauchi, F. N., Mutengezanwa, M., & Damiyano, D. (2014). Challenges faced by women entrepreneurs: A case study of Mashonaland central province. International Journal of Development and Sustainability, 3(3), 466–480. https://www.isdsnet.com/ijds-v3n3-5.pdf
  • Mengstie, B. (2022). Impact of microfinance on women’s economic empowerment. Journal of Innovation and Entrepreneurship, 11(1). https://doi.org/10.1186/s13731-022-00250-3
  • Meressa, H. A. (2020). Growth of micro and small scale enterprises and its driving factors: Empirical evidence from entrepreneurs in emerging region of Ethiopia. Journal of Innovation and Entrepreneurship, 9(1), 1–22. https://doi.org/10.1186/s13731-020-00121-9
  • Minai, M. S., Ibrahim, Y. B., Mohammad, H. B., & Yusuf, S. N. S. (2021). Achieving financial performance and social performance of microfinance institutions: Risk of mission drift. Academy of Strategic Management Journal, 20(6), 1–12. https://www.proquest.com/openview/9d241004661eae851d14402c4b541739/1?pq-origsite=gscholar&cbl=38745
  • Mkpado, M., & Arene, C. J. (2007). Effects of democratization of group administration on the sustainability of agricultural micro credit groups in Nigeria. International Journal of Rural Studies, 14(2), 1–9. https://citeseerx.ist.psu.edu/document?repid=rep1&type=pdf&doi=1d98808651dcb1d878e15a3555665130b7a1ea4e
  • Nunnally, J. C. (1978). Psychometric Theory (2nd ed.). Mcgraw hill book company. https://www.jstor.org/stable/2007941?origin=crossref
  • Pallant, J. (2020). SPSS Survival Manual. Routledge. https://doi.org/10.4324/9781003117452
  • Phakiti, A. (2018). Confirmatory factor analysis and structural equation modeling. In The Palgrave Handbook of Applied Linguistics Research Methodology (pp. 459–500). Palgrave Macmillan UK. https://doi.org/10.1057/978-1-137-59900-1_21
  • Porter, E. G., & Nagarajan, K. V. (2005). Successful women entrepreneurs as pioneers: Results from a study conducted in Karaikudi, Tamil Nadu, India. Journal of Small Business & Entrepreneurship, 18(1), 39–52. https://doi.org/10.1080/08276331.2005.10593331
  • Rehman, H., Moazzam, A., & Ansari, N. (2015). Role of microfinance institutions in women empowerment: A case study of Akhuwat, Pakistan. South Asian Studies, 30(1), 107–121. https://www.proquest.com/openview/07333efe7347e423c2f31837e3fcf7c2/1?pq-origsite=gscholar&cbl=276231
  • Sahu, T. N., Agarwala, V., & Maity, S. (2021). Effectiveness of microcredit in employment generation and livelihood transformation of tribal women entrepreneurs: Evidence from PMMY. Journal of Small Business & Entrepreneurship, 0, 1–22. https://doi.org/10.1080/08276331.2021.1928847
  • Salum, Z. (2014). The role of microfinance on entrepreneurial development: A case of dar es Salaam city. Mzumbe University.
  • Schreiber, J. B., Stage, F. K., King, J., Nora, A., & Barlow, E. A. (2006). Reporting structural equation modeling and confirmatory factor analysis results: A review. Journal of Educational Research, 99(6), 323–338. https://doi.org/10.3200/JOER.99.6.323-338
  • Sobhan, N., & Hassan, A. (2023). The effect of institutional environment on entrepreneurship in emerging economies: Female entrepreneurs in Bangladesh. Journal of Entrepreneurship in Emerging Economies. https://doi.org/10.1108/JEEE-01-2023-0028
  • Streiner, D. L. (2006). Building a better model: An introduction to structural equation modelling. The Canadian Journal of Psychiatry, 51(5), 317–324. https://doi.org/10.1177/070674370605100507
  • Tariq, S., & Sangmi, M.-U.-D. (2019). Impact of microfinance on women entrepreneurship. Oman Chapter of Arabian Journal of Business and Management Review, 8(1), 7–16. https://doi.org/10.12816/0052847
  • Temesgen, K. (2017). Review of microfinance and women empowerment in Ethiopia. American Journal of Finance, 2(6), 1–27. https://ajpojournals.org/journals/index.php/AJF/article/view/267/385
  • Thaher, L., Radieah, N., & Wan Norhaniza, W. (2021). The effect of microfinance services on women entrepreneurship: A case study in Jordan. The Journal of Asian Finance, Economics & Business, 8(5), 807–815. https://doi.org/10.13106/jafeb.2021.vol8.no5.0807
  • Verheul, I., Stel Van, A., & Thurik, R. (2006). Explaining female and male entrepreneurship at the country level. Entrepreneurship & Regional Development, 18(2), 151–183. https://doi.org/10.1080/08985620500532053
  • Verheul, I., & Thurik, R. (2001). Startup capital: “does gender matter? Small Business Economics, 16(4), 329–346. https://doi.org/10.1023/A:1011178629240
  • Vossenberg, S. (2013). Women entrepreneurship promotion in developing countries: What explains the gender gap in entrepreneurship and how to close it. Maastricht School of Management Working Paper Series, 8(1), 1–27.
  • Yousfani, K., Aslam, Y., Mahar, Q., & Kazi, H. (2019). The impact of microfinance on growth of women entrepreneurship in Pakistan. Journal of Entrepreneurship, Business and Economics, 7(1), 133–152. http://scientificia.com/index.php/JEBE/article/view/110
  • Zhang, Y., & Ayele, E. Y. (2022). Factors affecting small and micro Enterprise performance with the mediating effect of government support: Evidence from the Amhara region Ethiopia. Sustainability (Switzerland), 14(11), 6846. https://doi.org/10.3390/su14116846