“…As a result of it, despite relatively high managerial potential related to the fact that already in 1990s women constituted more than 53% of all university students (Statistical Office of the Republic of Serbia, 2004), the share of female entrepreneurs was relatively low. After 2015, in the aftermath of the privatization, the average share of highly educated women in different industries was almost 49.47% (Stošić et al, 2015), whereas the share of female entrepreneurs reached almost 26%, close to the average of the OECD countries. Do our findings have economic significance?…”