Financial Self-Efficacy on Women Entrepreneurs Success

Abstract

It is noticed that the role of women entrepreneurs in contributing economy aspect in developing countries is significant. In Indonesia, business development running by women is potentially as a main driven factor of women empowerment process and social transformation, which finally can bring positive impact on decreasing the poverty level. This study was made as an explanatory research to argue the influence of education, age, working experience, business age, number of employee, and financial self-efficacy on the success of women entrepreneurs. The population was all women entrepreneurs in East Java, Indonesia. The sample was taken through random sampling method The result shows that age of women entrepreneurs and age of business are able to influence the success of SME's while education, working experience, and the number of employee do not impact significantly. The last analysis shows a positive and significant impact between financial self-efficacy and the success of SMEs.