"WOMEN IN ENTREPRENEURSHIP: FINANCIAL STRATEGIES AND SUPPORT MECHANISMS - A REVIEW"
Dr. Sagorika Rakshit
Purpose-This paper aims to review and synthesize research on financial issues faced by women entrepreneurs over the past decade. It highlights key findings from the literature on women's entrepreneurial finance.
Design/Methodology/Approach-The review encompasses an analysis of 30 papers published between 2012 and 2022 in Scopus-indexed journals. It examines various aspects such as the year of publication, definitions of variables, research methodologies, relationships among variables, results, recommendations, and theoretical models of capital structure presented in the selected studies.
Analysis-The findings from the reviewed research are analyzed to draw meaningful insights and implications for understanding the financial challenges and opportunities for women entrepreneurs.
Findings-The review identifies a significant gender bias in entrepreneurial finance, revealing that women entrepreneurs often lack both the knowledge and skills necessary for success. Major challenges include limited access to financing, insufficient training leading to a lack of technical skills, inadequate awareness of financing sources and technical support, high market competition, marginalization, and a lack of understanding of effective marketing strategies.
Originality/Value-To the best of the authors' knowledge, this is the first comprehensive review of literature on financial issues specific to women entrepreneurs. The paper systematically synthesizes findings and offers a unique contribution to the field.
Paper Type: Literature review
Purpose-This paper aims to review and synthesize research on financial issues faced by women entrepreneurs over the past decade. It highlights key findings from the literature on women's entreprene...