The role of women entrepreneurship antecedents in supporting social and economic well-being

Abstract

One way to support sustainable development is to put concern on women empowerment. The role of women in a society is essential, yet often treated unfairly. This study focuses on looking at the aspects that can determine the success of entrepreneurship as a form of women entrepreneurship. Additionally, the effect of women entrepreneurship on social and economic well-being is also investigated. The study took a quantitative approach and employed a survey method on a total of 406 members of Setia Bhakti Wanita cooperative in Indonesia. STATA 14 statistical software was used to analyze the data. The results of this study indicate that access to micro-loans has the highest impact on women entrepreneurship (path coefficient 0.43), followed by social environment support (path coefficient 0.32), and entrepreneurial education (path coefficient 0.13). Furthermore, women entrepreneurs have a more favorable impact on economic well-being (path coefficient 0.93), as evidenced by better access to health service, than social well-being (path coefficient 0.89) that is shown from better social relationship with the nearest community. This study offers solid evidence-based recommendations for women’s empowerment in Indonesia using proper entrepreneur organization channels.