“…Thus, the literature on this subject is extensive with studies at business, industrial, and regional levels (Damanpour et al, 2009; McCann & Ortega-Argilés, 2015). In this context, it’s increasingly difficult to ignore the importance of women’s role in economic activities, as in recent years they have become more and more prominent in the professional sphere (Ojeda-López et al, 2019), as globalization has made them more visible in the world of work (Sarada Ramesh, 2013). Although women have made a great effort to grow their businesses in the labour market (Sarfaraz et al, 2014; Zeb & Ihsan, 2020), in general, they seem to be more risk-averse (Langowitz & Minniti, 2007; Nissan et al, 2012).…”