Financial Inclusion, Leadership Abilities, Family Support, and Country of Origin Effects Empower Female Entrepreneurs

Abstract

Family support for business startups is crucial for household income. Country of origin effect and culture are vital in supporting women entrepreneurs. Empowering women promotes family and societal well-being, thereby facilitating business success. The study highlights the importance of a comprehensive understanding of the socio-cultural and economic factors that influence women's entrepreneurship and the cultural influence of the country of origin (COO). The study provides a strong foundation for developing enhanced policies and practices to foster the desired achievements. This study delves into the field of women's entrepreneurship, particularly emphasizing the impact of family support, leadership, financial inclusion, cultural subtleties, and gender bias on business effectiveness. This analysis highlights the benefits of adopting a female perspective in entrepreneurship and the COO effect by drawing on feminist theories. This study delves into the complex dynamics of culture and gender bias in mediating these interactions. The researchers collected data from 311 female entrepreneurs through a survey. The results of this study indicate that factors including country of origin culture, family support, financial inclusion, and leadership skills are strongly associated with the success of female entrepreneurs. In female entrepreneurship subjects, the intricate interaction between culture, the COO effect, and gender bias plays a mediating role, as illustrated by a comprehensive study conducted by Andrew Hayes. This study provides valuable insights into these multifaceted factors' subtle but influential indirect effects. All variables showed statistically significant effects, which means that these factors, combined with cultural and gender factors, can potentially enhance the success of female entrepreneurs. Further research may cover a broader range of variables and expand the sample size.