Abstract
Modern social development trends, as well as globalization and internationalization, require significant changes in entrepreneurship, with a tendency of increasing involvement of women in business. The main focus of the paper is to determine the significance of different motives that influence women in the Republic of Serbia for entrepreneurship, depending on their age, education, marital status, length of entrepreneurial experience and number of employees. Empirical research was conducted on a sample of 162 female entrepreneurs in the territory of the Republic of Serbia. The data were analyzed using factor analysis, Mann-Whitney U and Kruskal-Wallis test. The research results indicate that the motivation for entrepreneurship can be grouped into two areas. Non-parametric tests have found that there are differences in the significance of different motivations for women entrepreneurs of different age, education level, marital status, length of service and number of employees. The results of the research confirm that women entrepreneurs differ in terms of motives for entrepreneurship.
Highlights
Entrepreneurship as an idea is as old as human society and is not exclusively an economic phenomenon
In order to achieve the strategic goals of improving competitiveness and innovation of small business sector in the Republic of Serbia, the female entrepreneurial activity is recognized as part of the overall entrepreneurial activity that should be encouraged
The earliest studies of female entrepreneurial activity were oriented to description of the psychological characteristics of women entrepreneurs and their motivation to perform entrepreneurial activities (Stevenson, 1986 Brush, 1992)
Summary
Entrepreneurship as an idea is as old as human society and is not exclusively an economic phenomenon It relates to all aspects of human behavior and action, where creativity, innovation, new ideas, and problem-solving are needed, in order to meet human needs. Increasing the scope and importance of female entrepreneurial activity is one of the most prominent characteristics of modern entrepreneurship. Affirming its importance for improving the economic status of women, as well as for the overall socio-economic progress of society, the female entrepreneurial activity becomes the actual theoretical and empirical phenomenon. In order to achieve the strategic goals of improving competitiveness and innovation of small business sector in the Republic of Serbia, the female entrepreneurial activity is recognized as part of the overall entrepreneurial activity that should be encouraged. The sample comprised 162 female entrepreneurs, all of them owners of small and medium-sized enterprises in the Republic of Serbia and engaged in the production and processing of agri-food products
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