Abstract
In the last decade, female entrepreneurship has been identified as one of the most important unutilised sources of economic growth. Entrepreneurial intention of women has become a key element in establishing a new business. The factors influencing entrepreneurial intention of women, particularly in developing countries, have attracted curiosity lot of attention. The purpose of the study is to examine the relationship between demographic variables, personal attitude, subjective norm, perceived behavioural control, and entrepreneurial intentions of women in Federation of Bosnia and Herzegovina. A total of 216 questionnaires were collected from women in two big cities in Bosnia: Tuzla and Sarajevo. Relationships between the variables were evaluated using factor analysis, reliability, correlations, descriptive statistics, and regression. The findings show a positive and significant influence of personal attitude and perceived behavioural control on entrepreneurial intention.
Highlights
Entrepreneurship is the most important instrument for stimulating a nation’s economic growth and development
The findings show that subjective norms (SN) has a positive influence on personal attitude (PA) and perceived behavioural control (PBC) but it does not significantly affect entrepreneurial intention (EI)
The results of this study imply that there are higher probabilities to increase the entrepreneurial intentions of women who managed to form more positive perceptions about entrepreneurship throughout their lives
Summary
Entrepreneurship is the most important instrument for stimulating a nation’s economic growth and development. There is a raising awareness that women entrepreneurs are the new generators of sustainable growth (GEM, 2012). Numerous stakeholders have noticed that they are the ‘rising stars of the economies’, ‘the way forward’, and ‘the untapped source of economic growth and development’ (Vossenberg, 2013; Ahl, 2006; Pearson, 2007). Estimates show that by 2020, 870 million women will enter the economic mainstream for the first time, which might affect productivity and GDP growth rates by as much as 34% and 25% increase respectively in some countries (World Bank, 2011). Female entrepreneurship is still identified as an important unutilised source of economic growth
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