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Article

Determinants of Success of Businesses of Female Entrepreneurs in Taiwan

1
Institute of International Management, University of Applied Sciences FH Joanneum, 8020 Graz, Austria
2
Faculty of Management, University of Primorska, 6000 Koper, Slovenia
*
Author to whom correspondence should be addressed.
Academic Editors: Marc A. Rosen, Rebeka Kovačič Lukman and Damjan Krajnc
Sustainability 2021, 13(9), 4842; https://doi.org/10.3390/su13094842
Received: 8 February 2021 / Revised: 6 April 2021 / Accepted: 8 April 2021 / Published: 26 April 2021
(This article belongs to the Special Issue Sustainable Consumption and Production)
This paper deals with the topic area “female entrepreneurship,” and the research focuses on the determinants of female entrepreneurs’ business success and sustainability, together with their impact on Taiwan’s economic development. According to the Morgan Stanley Capital International (MSCI) and the Financial Times Stock Exchange (FTSE) classification, Taiwan can be considered an emerging economy. Various liberal and social theories and Hofstede’s cultural dimensions were analyzed to develop some hypotheses, including some relevant success factors connected to female entrepreneurship in Taiwan. The Global Entrepreneurship Monitor (GEM) and the Female Entrepreneurship Index (FEI) were relevant for the data analysis because the research was based on secondary data with 1098 observations, and a logistic regression model was performed. The factors of fear of failure and personal network correlated significantly to female entrepreneurs’ business success in Taiwan and the level of education had no significant correlation. Further research is recommended to include additional factors to achieve a higher accuracy of the model. A comparison of Taiwan with another region/country might also deliver some interesting insights. View Full-Text
Keywords: entrepreneurship; Global Entrepreneurship Monitor; female; Taiwan; logistic regression model; business success entrepreneurship; Global Entrepreneurship Monitor; female; Taiwan; logistic regression model; business success
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MDPI and ACS Style

Schröder, L.-M.; Bobek, V.; Horvat, T. Determinants of Success of Businesses of Female Entrepreneurs in Taiwan. Sustainability 2021, 13, 4842. https://doi.org/10.3390/su13094842

AMA Style

Schröder L-M, Bobek V, Horvat T. Determinants of Success of Businesses of Female Entrepreneurs in Taiwan. Sustainability. 2021; 13(9):4842. https://doi.org/10.3390/su13094842

Chicago/Turabian Style

Schröder, Lisa-Marie, Vito Bobek, and Tatjana Horvat. 2021. "Determinants of Success of Businesses of Female Entrepreneurs in Taiwan" Sustainability 13, no. 9: 4842. https://doi.org/10.3390/su13094842

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