JWEE

Notes from the Editor-in-Chief

2025-06-04T11:17:10+00:00

Digital Financial Literacy and Entrepreneurial Resilience of Women Entrepreneurs: A Moderated Model of Overconfidence

2025-06-04T11:17:10+00:00

Resilience has been known as an essential element in sustaining women’s entrepreneurship in MSMEs in developing countries. This study aims to investigate the influence of digital financial literacy on entrepreneurial resilience and the impact of overconfidence in this relationship on female entrepreneurs in Indonesia. A total of 494 women entrepreneurs from MSME participated in this cross-sectional survey. Before examining the proposed relationships, CFA was used to evaluate the quality of the measurements. While controlling for demographic characteristics, the impacts of digital financial literacy, overconfidence, and their interactions are assessed using multiple regression analysis and the PROCESS Macro Ver. 4.2 for SPSS. The results emphasize the significance of digital financial literacy and overconfidence in enhancing the resilience of women entrepreneurs. Furthermore, the findings indicate that entrepreneurs with high overconfidence are more adept at leveraging their digital financial literacy to foster greater resilience.

Empowering Women in Agribusiness: A Fuzzy VIKOR Approach to Personnel Selection

2025-06-04T11:17:11+00:00

This study addresses the challenges of personnel selection in modern management, particularly focusing on women's roles in agribusiness - a critical sector for economic stability and sustainability. The research method used in the paper was multi-criteria decision-making, or fuzzy logic, in selecting the most suitable candidate as one of the basic goals of work. In these cases, it is necessary to apply fuzzy decision-making logic, which would reduce the existing uncertainty in the selection process. Research shows that including women in the agricultural sector can significantly enhance productivity and innovation, key for maintaining market competitiveness. Also, the application of the Fuzzy VIKOR method identified Candidate 5 as the optimal choice, demonstrating the method’s effectiveness in multi-criteria decision-making. The importance of the research is the existence of a good basis for further research on this topic in other areas, as well as in the further development of multi-criteria decision-making methods that are used for these purposes.

Empowering Women in Serbian Rural Areas with Entrepreneurial Initiatives

2025-06-04T11:17:12+00:00

Entrepreneurial initiatives represent an important tool for the economic empowerment of women in rural areas, allowing them to generate additional sources of income, reduce poverty rates, and improve their social integration. This research analyzes the role of entrepreneurial initiatives in empowering women in rural areas of Serbia, with a particular focus on their economic and social aspects. The direct economic effects of entrepreneurial initiatives, such as generating additional income and creating new jobs, are key aspects of economic empowerment for women in rural communities. At the same time, women entrepreneurship in rural areas can serve as a tool to mitigate migration and promote more balanced regional development. For the purposes of this research, a survey method was used, and the study was conducted on a sample of 73 women living in rural areas of the Republic of Serbia from July to September 2024. The data was analyzed using SPSS software. The results of this research indicate significant economic and social benefits of entrepreneurial initiatives, which contribute to the economic independence and social empowerment of women in rural areas but also highlight challenges such as limited access to finances, education, and training. This research emphasizes the need for greater support from local and state institutions, as well as the importance of networking among women entrepreneurs to enhance their access to resources and markets.

Economic and Demographic Drivers of Women Entrepreneurs in the Indonesian Textile Market

2025-06-04T11:17:13+00:00

Women who actively participate in micro, small, and medium-sized enterprises (MSMEs) can gain empowerment, reduce economic disparities, and improve their living conditions, encouraging more women to become involved in economic activities. This study aims to compare the role of women entrepreneurs in the textile sector, examining demographic and economic aspects that influence the turnover of women entrepreneurs in Klewer Market, Surakarta, and Beringharjo, Yogyakarta. The study included 300 sellers, and the data was processed using multiple linear regression, which was then further evaluated utilizing mosaic display orange data mining. The study's findings indicate that demographic and economic factors influencing the turnover of women entrepreneurs differ in both areas. Women entrepreneurs with substantial money, high-quality education, and self-actualization through women's empowerment are deemed more competitive in terms of sales turnover. Gender equality through women's empowerment is the fifth goal of the Sustainable Development Goals, which can be achieved through active support and collaboration to attain independent and transformative competitiveness.

Financial Inclusion: Boosting Green Practices and Innovation for Female Vendors Well-Being

2025-06-04T11:17:14+00:00

This paper examines the factors that influence the quality of life of women street vendors in Serang City, focusing on the contributions of environmentally friendly practices, entrepreneurial innovativeness, and financial inclusion. 100 participants were randomly selected and interviewed using structured questionnaires. Descriptive statistics provided insights into the respondents' profiles, while Structural Equation Modeling with Partial Least Squares (SEM-PLS) was used to analyze the relationships between the study variables. The results show that green practices have a significant positive impact on the well-being of women street vendors. Entrepreneurial innovation also proved to be a crucial factor that had a positive impact on their well-being. Green practices were found to promote entrepreneurial innovation, directly creating a reinforcing dynamic. Furthermore, a positive correlation was found between financial inclusion and well-being. It also played a mediating role by reinforcing the impact of green practices and entrepreneurial innovation on participants' well-being. In conclusion, the study shows that promoting green practices, entrepreneurial innovation and improving access to financial resources are important strategies to improve the quality of life of women street vendors in Serang City. These findings underscore the importance of integrated interventions to promote sustainable livelihoods and economic empowerment of women in the sector.

Empowering Female Leadership for Enhanced Innovation Performance of Companies in Vietnam

2025-06-04T11:17:16+00:00

This study examines the relationship between female board representation and firm innovation within Vietnam's private sector. It applies panel data from the World Bank Enterprise Survey for the years 2009, 2015, and 2023 to examine how having women on company boards influences innovation at the firm level. It employs a bivariate probit model and considers distinct characteristics of firms and industries. The findings reveal a significant positive association between female board representation and innovation, particularly in the initial stages of female board membership. However, the impact of female ownership on innovation is more complex, with higher levels of female ownership potentially leading to increased risk aversion. Additionally, firm size, growth, industry affiliation, and export orientation are identified as key determinants of innovation. This study contributes to the growing literature on gender diversity and innovation by providing empirical evidence from the Vietnamese context. It offers actionable insights for Vietnamese policymakers aiming to enhance private sector innovation and competitiveness by promoting gender diversity in corporate governance.

Scoping Review of the Impact of Financial Literacy Empowerment on the Growth of Female Entrepreneurship in Nigeria

2025-06-04T11:17:17+00:00

The growth of female entrepreneurship is crucial to Nigeria's socio-economic development but is hindered by limited access to financial knowledge and resources. This study conducted a scoping review to examine the impact of financial literacy empowerment on the growth and success of female entrepreneurs in Nigeria. Using the Google Scholar database, a search spanning January 2019 to August 2024 identified 1,600,260 articles. After applying inclusion criteria, 97 articles were screened by abstract, and 17 were subjected to full-text review, with six ultimately selected for analysis. The review systematically identifies barriers to financial literacy among Nigerian women and evaluates the effectiveness of financial literacy programs. Findings indicate that enhanced financial literacy improves business management, facilitates access to financing, and drives business growth among female entrepreneurs. Tailored financial education programs addressing the specific needs of Nigerian women were identified as particularly effective. The study underscores the importance of policy interventions and support systems to create an enabling environment for female entrepreneurship through financial literacy initiatives. This review provides critical insights into the role of financial literacy in empowering female entrepreneurs. It highlights the need for future research and practical strategies to sustain entrepreneurial growth in Nigeria.

Fostering Entrepreneurial Spirit: Impact of Incubation Activities on Female Students’ Entrepreneurial Intention

2025-06-04T11:17:18+00:00

Women around the world continue to inspire in various professions and careers. Women's entrepreneurship is one such sphere that is rapidly expanding around the globe. With women's entrepreneurial activity reaching levels comparable to men and showing higher engagement at an early age—the entrepreneurial intentions of female students are a crucial area of research. The objective of this study is to ascertain the impact of entrepreneurial incubation on the entrepreneurial intention of female students in selected higher education institutions. The well-being of female students is important not only to their personal development and success but also to the collective success and reputation of an educational institution. The study employs descriptive research design and a stratified random sampling technique. The sample includes 250 female students from five NAAC and NIRF accredited colleges in the state of Tamil Nadu, and the data collected are analyzed statistically based on various tools like exploratory factor analysis, multiple correlation, regression analysis, and SEM. Results from the research recommends that entrepreneurial incubation activities need to be cultivated in every educational institution to nurture entrepreneurial intention among female students. This study attempts to establish the correspondence between various incubation activities and entrepreneurial intentions of female students in multiple institutions of higher education in Tamil Nadu.

Women’s Economic Empowerment in Kazakhstan: Institutional Trust, Economic Participation, and Sociocultural Barriers

2025-06-04T11:17:19+00:00

The paper explores institutional trust, women's participation in the economy and politics in both urban and rural areas of Kazakhstan, considering regional differences between these areas. The research is quantitative in its approach that combines both Latent Class Analysis (LCA), which explains latent attitudinal categories, with Change-Point Analysis to determine key turning points in Gender Inequality Index (GII) over a 16-year time series from 2008 to 2023. The study finds a high level of gender perspective disparity between urban and rural areas in Kazakhstan, in addition to essential changes in gender inequality levels. The results show that institutional trust plays a vital role in shaping women's participation in the economic sphere, with a lower level of trust correlated with a decrease in labor force involvement and career growth. In addition, two key turning points in gender development have also been identified in 2019 and 2022, which are linked with government reform as well as socioeconomic alterations.

Gender Perspectives on SME International Trade and Revenue in the Digital Era: Evidence from Serbia

2025-06-04T11:17:21+00:00

International trade drives expansion and development, significantly contributing to national productivity and job creation. The aim of this research is to investigate four groups of factors that act as independent variables and their impact on the export performance of SMEs as the dependent variable. This study examines critical elements shaping the global trade success of small businesses and medium-sized enterprises, with export revenue as the dependent variable. A sample of 342 Serbian enterprises, primarily exporters, was surveyed through an online questionnaire conducted at the end of 2024, in collaboration with the Serbian Association of Employers. The survey targeted business owners and managers, who provided their assessments using a Likert scale on 12 statements related to four predefined research variables, focusing on factors influencing SME export propensity, with a particular emphasis on gender. The findings, with contingency table analysis, indicate that internal factors, such as the implementation of new technologies and organizational adaptability, exert the greatest influence on export performance, along with all external factors examined. Additionally, company size was found to have a significant impact on export revenue. Regarding gender, the study assessed the role of female-owned SMEs and found that they are less likely to engage in export activities. The results align with existing academic literature, suggesting that female-owned SMEs face systemic disadvantages due to smaller firm size, limited managerial capacity, resource constraints, and insufficient market knowledge. Consequently, gender was not identified as a significant direct determinant of SME export performance and revenue. These research findings contribute to the literature on SME internationalization, digitalization, organizational change, gender issues, and women's entrepreneurship. Furthermore, they offer valuable insights for feminist economic studies and policy discussions aimed at supporting female entrepreneurs.

Technological innovation versus Gender Equality

2025-06-04T11:17:23+00:00

Women remain significantly underrepresented in the leadership of agricultural organizations. Simultaneously, increasing environmental pressures and global efforts to achieve the Sustainable Development Goals (SDGs) create new opportunities to restructure agribusiness operations and promote women’s leadership. This study analyzes data from over five hundred dairy enterprises in the Visegrad Group countries (Czech Republic, Hungary, Poland, and Slovakia, sourced through ORBIS) to identify management features that foster female leadership within this European context. Principal Component Analysis revealed that a higher number of female directors and shareholders is associated with enhanced women’s leadership. These features are most common in medium-sized enterprises. In contrast to these findings, current EU initiatives promoting gender equality in European agriculture target start-ups and small businesses. However, statistical analysis indicates that leadership in small enterprises is less strongly influenced by gender dynamics. Meanwhile, emerging innovations in dairy production could further strengthen larger companies, potentially diminishing the role of women-led smaller enterprises. To counterbalance this shift, future policies should actively promote gender diversity in corporate boards to ensure equitable leadership opportunities across all business sizes while simultaneously strengthening support for small businesses, regardless of gender.