Profitability and Constraints Analysis of Women Entrepreneurs in Lagos State, Nigeria

Otunaiya, A. O.; Ambali, Omotuyole Isiaka; Idowu, A. O.

doi:10.19026/ajbm.5.5811

Cited by 7 publications

(7 citation statements)

References 3 publications

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“…It symbolizes the medium for demonstrating meaningful genderawareness and analysis in the study of women-owned enterprises (Joona, 2018;Leung & Ashe, 2011). The need for gender sensitivity is notably higher in the developing countries, which are primarily patriarchal societies, where women entrepreneurs are primarily responsible for household chores that they frequently combine with their entrepreneurial activities (Lincoln, 2012;Ogundana et al, Forthcoming;Olawepo & Fatulu, 2012;Otunaiya et al, 2013). This implies that motherhood, in the developing world, is a crucial factor in studying women's entrepreneurship.…”

Section: Motherhoodmentioning

confidence: 99%

Women entrepreneurship in developing economies: A gender-based growth model

Ogundana

Simba

Dana

et al. 2021

Journal of Small Business Management

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Women entrepreneurship research in the developing world relies on theoretical perspectives derived elsewhere. Hence, understanding the original business-development approaches adopted by women entrepreneurs in developing economies remains elusive. Accordingly, we collected and analyzed rich data generated through 31 in-depth interviews and artifacts of Nigerian women entrepreneurs in the garment manufacturing business. Our analysis revealed distinct constructs that account for their business-development activities. It shows money (access and utilization), market (customer intelligence), and management (nonformal education and experience) as crucial enterprise development components in women entrepreneurship. Motherhood (household responsibilities), meso-and macro-environments (socioeconomic and cultural factors) not only affected business development but also inhibited women entrepreneurs' access and utilization of money, management, and markets and shaped their business development actions. Theoretical and practical implications for entrepreneurship research and policy development initiatives in the developing world are offered. KEYWORDS Gender-based growth model; growth determinants; women entrepreneurshipWomen entrepreneurs in West Africa generally operate their businesses within an institutional environment characterized by corruption, lack of government transparency, incoherent policies, bureaucracy and inefficiency, excessive red tape, disproportionate taxes, and poor infrastructures (Dana, 2018; Ogundana, Forthcoming). The legal and judicial systems in many West African countries suffer from the (a) absence of law and criminal sanctions explicitly addressing sexual harassment in business; (b) lack of legislation that ensures that married women and men have equal property ownership rights; and (c) presence of laws requiring married women to obey their husbands (World Bank, 2013). African culture, religion, and family systems generally assume that women are subordinate to men. Accordingly, women carry the CONTACT Oyedele Martins Ogundana

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Section: Motherhoodmentioning

confidence: 99%

Women entrepreneurship in developing economies: A gender-based growth model

Ogundana

Simba

Dana

et al. 2021

Journal of Small Business Management

View full text Add to dashboard Cite

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“…Also, lack of assets, control over access to capital, and gender discrimination impact negatively on women's economic empowerment (Gayathridevi, 2014). A serious challenge that has endangered the expansion of female entrepreneurial businesses in the developing countries for many years is that women do not enjoy the same opportunities as men (Otunaiya, A. Ambali, O. & Idowu, 2013).…”

Section: Challenges Of Women Entrepreneurshipmentioning

confidence: 99%

“…& Idowu, 2013). There is great discrimination in socio-cultural values and traditions embedded, particularly in the policy and legal environment, as well as institutional support mechanisms (Otunaiya et al, 2013). There are also, Poverty, religion (Pudah system) limited educational exposure, Early/child marriage, cultural ethnicity.…”

Section: Challenges Of Women Entrepreneurshipmentioning

confidence: 99%

21st Century Challenges Confronting Women Entrepreneurs in Southwest Nigeria

Aladejebi

2020

ABR

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Women Entrepreneurs play a significant role in the global economy in this 21 st Century. The purpose of this study is to examine the specific challenges faced by women entrepreneurs in the southwestern states of Nigeria. Data were collected from businesses owned by women who reside within the six state capitals of Southwestern states of Nigeria. The cities are Lagos, Abeokuta, Ibadan, Oshogbo, Akure, and Ado-Ekiti. Similar big cities within each state were surveyed to increase the number of respondents for state capitals where a small number of questionnaires were retrieved. Out of Seven hundred and twenty (720) questionnaires distributed, Five hundred and two (502) questionnaires were viable using the SPSS package. The questionnaire contained two sections. Section 1 for general information. Section 2 contained questions relating to motivational factors and the challenges faced by these women entrepreneurs, which, in their opinion, constitutes barriers to the successes of their businesses. The main challenges facing women entrepreneurs today in South West Nigeria are lack of adequate training, access to start-up capital, and poor family support.

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“…The statement "There are more loan applications from male entrepreneurs than from female" had the highest mean (4.12). This position is corroborated by empirical research conducted by Otunaiya et al;(2013) that women prefer to finance their business with personal savings and assistance from their spouses. Also, according to Ademola and Adegoke (2017), one of the conclusions that can be drawn from their research is that most women entrepreneurs do not source externally for their business finance.…”

Section: Characteristicsmentioning

confidence: 72%

“…Empirical research conducted by Otunaiya et al;(2013) showed that Personal Savings and assistance from a spouse, 46.7% and 31.7%, respectively, formed the highest sources of funding for female entrepreneurs in Lagos state. They found out that only 2 percent of female entrepreneurs in Lagos source funds from banks.…”

Section: Empirical Reviewsmentioning

confidence: 99%

Gender-Based Entrepreneurial Access to Bank Credit: Myth or Reality

Aladejebi¹,

Abiodun²

2021

theijbm

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Gender-Based Entrepreneurial Access to BankCredit: Myth or Reality IntroductionGender investigative research in entrepreneurship has gained increased interest as it helps educators and policymakers to improve the participation of females in the entrepreneurial process (Malmstrom, Johansson & Wincent, 2017). In a market economy, the availability of and accessibility to finance is a major factor in the creative development and survival of any firm (Andrés, Gimeno, & Cabo, 2019). The term entrepreneurship is directly linked to those people who generate or seize opportunities and, from this, develop an organized economic activity, creating value for themselves and society (Carreira et al., 2015). Literature generally indicates entrepreneurship is a male-denominated field (Muntean & Ozkazanc-Pan, 2015).Entrepreneurship is an important pathway for boosting women's economic participation. It offers opportunities for self-employment but can also help meet another global challenge requiring concerted solutions: job creation in the wider economy (World Bank, 2018). Women's entrepreneurship activity rates are greater than men's in only a small number of countries around the world, including Madagascar,

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Profitability and Constraints Analysis of Women Entrepreneurs in Lagos State, Nigeria

Cited by 7 publications

References 3 publications

Women entrepreneurship in developing economies: A gender-based growth model

Women entrepreneurship in developing economies: A gender-based growth model

21st Century Challenges Confronting Women Entrepreneurs in Southwest Nigeria

Gender-Based Entrepreneurial Access to Bank Credit: Myth or Reality

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