Empowering Women Entrepreneurs: Unveiling the Influence of Entrepreneurial Competencies and Social Networking on Women Entrepreneurs Performance

Abstract

Objective – This research was motivated by data from the Coordinating Ministry for Economic Affairs of the Republic of Indonesia in 2022 that stated the number of MSMEs continues to increase from year to year, even reaching 99% of the total number of existing business sectors and the data from Central Statistics Agency (BPS) along with a survey by Bank Indonesia that indicate approximately 64.5% or around 37 million MSMEs in Indonesia are run by women. Methodology/Technique – Previous studies on women entrepreneurs’ performance had limitations regarding sectors considered and variables. Thus, this study analyzed factors that influenced women entrepreneurs in Java Island. This research has contributed original insights into the factors influencing the performance of women entrepreneurs, particularly within the Micro, Small, and Medium Enterprises (MSMEs) sector, encompassing a broader scope of analysis. This study is quantitative research on 295 respondents and was analyzed by SmartPls 4.0 Software. Findings – The study found that while entrepreneurial skills had some influence on entrepreneurial competencies and women entrepreneurs’ performance, the significance was limited. Novelty – Furthermore, social networking significantly influenced women entrepreneurs’ performance, but social networking had not significantly influenced meditating variable. Ultimately, entrepreneurial competencies had not significantly influenced women entrepreneurs’ performance. Type of Paper: Empirical JEL Classification: G02, G19. Keywords: Women entrepreneurs' performance, social networking, entrepreneurial skills, entrepreneurial competencies. Reference to this paper should be made as follows: Angrenani, A.D; Mentari, R; Hermawan, X.L; Rohman, A. (2024). Empowering Women Entrepreneurs: Unveiling the Influence of Entrepreneurial Competencies and Social Networking on Women Entrepreneurs Performance, J. Fin. Bank. Review, 8(4), 17 – 26. https://doi.org/10.35609/jfbr.2024.8.4(2)