Abstract
This article generalizes arguments and counter-arguments within the scientific discussion regarding the determination of the influence of gender proxies of sustainable entrepreneurship on country's innovative development. Systematization of the scientific findings on the above-mentioned problems proves that there is a lack of empirical studies aimed at familiar issues, which, in turn, proves the necessity of further theoretical and empirical search in this sphere. Thus, it was developed a scientific and methodical approach based on the combination of correlation and panel data regression analysis in order to test the hypothesis about gender determinants' influence on a country's innovative development. In order to test this hypothesis it was developed a scientific and methodological approach that consists of several stages: 1) correlation analysis in order to eliminate multicollinearity problem between control variables; 2) analysis of dataset descriptive statistics; 3) realization of the panel data regression analysis and characteristics of its results. This research is realized within the Stata 12/SE software. The country sample consists of 9 countries (Czech Republic Estonia, Hungary, Latvia, Lithuania, Poland, Slovak Republic, Slovenia, and Ukraine). Period of observation – 2008-2018. Panel data regression analysis results help to reveal that there are no significant relationships between gender proxies of sustainable entrepreneurship and country innovative development. Specifically, it was revealed that an increase in 1 % of female labor force participation leads to 0.9 points increase of Global Innovation Index with 99 % confidence probability; an increase of GINI Index in 1 % results in an increase of Global Innovation Index in approximately 0.5 points with 90 % confidence probability, while female labor force basic education and female unemployment have no statistically significant impact on it. This leads us to the conclusion that the gender perspective of sustainable entrepreneurship should be developed in a more rapid manner in order to transform it into a vital mechanism of a country's innovative and sustainable development. Keywords: gender aspects, innovative economic growth, innovative state management, panel data analysis, sustainable entrepreneurship.
Highlights
Business performance and efficiency were measured through financial indicators without considering social and environmental aspects
It was revealed that an increase in 1% of female labour force participation leads to 0.9 points increase of Global Innovation Index with 99% confidence probability
Germinal stages of sustainable entrepreneurship development were only associated with environmental issues and solving of ecological problems
Summary
Business performance and efficiency were measured through financial indicators without considering social and environmental aspects. The development of economic relationships at national and supranational levels together with the appearance of new economic concepts and approaches pushed business entities to the new stage of its development. Business success and prosperity highly depend on commercial indicators and social involvement, environmental responsibility, labour conditions and compensations, corporate culture, business ethics, and gender equality. At germinal stages of sustainable entrepreneurship concept development, it was mainly associated with environmental issues, but later social and gender aspects become more and more important. The modern sustainable enterprise is environmentally-friendly and actively involved in the local community and national social projects, provides sufficient labour conditions and compensations for employees, creates a positive emotional climate, builds up a corporate culture, and develops its business framework on competitive, fair and ethical background, etc. The modern profile of sustainable entrepreneurship is quite multidimensional
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