Determinants of Women Business Growth: Evidence from Micro and Small Scale Enterprises in Hawassa City Administration, Sidama Regional State, Ethiopia

Abstract

Increasing number of women-owned business enterprises has left its mark on the global economy by generating job opportunities, improves women's economic empowerment, gender equality in business, and sustainable economic growth. So studying the topic determinants of women business growth is burning issue that attracted the attention of researcher across the world. To this end, the purpose of this study was to identify factors affecting women operated business growth with reference to MSEs in Hawassa city. In order to achieve this objective, the researchers have used explanatory type research design and quantitative research approach in which six hypotheses have been tested. Primary data has been collected using structured questionnaires. Based on the regressions result, this study revealed that access to finance, access to land, access to technology, communication skill, training and increase in tax amount has statistically significant effect on growth of women operated MSEs in Hawassa city. Also access to land was the best predictor of women business growth and lack of training was the least predictor of women business growth in the study area. Based on the finding of the study, the researchers concluded the growth of women micro and small scale enterprises was significantly influenced individual, organizational and environmental factors incorporated in the model.

Digital Transformation Affecting Sustainable Development: A Case of Small and Medium Enterprises during the Covid-19 Pandemic

“…Because the above studies surveyed multinational companies, financial groups, and large-scale corporations in developed countries. As such, state-supported housing policies can promote competitiveness, sustainable businesses, and job creation through local and regional approaches based on support for specific disadvantaged regions by providing investment incentives in sectors as part of a broader development agenda [19,20]. These programs will likely be necessary for nurturing the economy and fostering the creation and growth of sustainable businesses.…”

“…These programs will likely be necessary for nurturing the economy and fostering the creation and growth of sustainable businesses. A particular approach to promoting and developing participatory companies from central and local support policies in the regional economic development community [19,21]. Applying the state support policy element to the study of how this factor affects the sustainable development of enterprises is suitable for the business situation in Vietnam.…”

“…Stakeholder relationships are increasingly recognized as essential to small business development [30,31]. From the above theoretical model, workforce factors (employees) such as improving employee morale, participation, and commitment, attracting and keeping a variety of talented people, and finding solutions to the challenges of an aging workforce [8,19]. The authors draw out the labor force factor and its impacts on the sustainable development of small and medium enterprises in Vietnam.…”

“…Today's manufacturing businesses devote much time and resources to environmental performance improvement. This is important because it allows the processing business to contribute to eco-sustainability by applying quality comprehensive environmental management processes or redesigning products and processes, production technology, and a unique digital transformation [19,30]. Digital transformation for the prevention of environmental pollution.…”