Investigating the impact of Financial Barriers, Regulatory Landscape and Societal Backing on Women-Led Enterprises in India: An Empirical Investigation Using PLS-SEM

Abstract

The aim of our study is to develop and authenticate three factors, i.e. Financial Barriers, Regulatory Landscape and Societal Backing that influence Women-Led Enterprises in India. We developed a conceptual research model based on extensive review of literatures, and we collected the data from 158 business women residing across various parts in India. We generated the items after validity, reliability and we conducted our analysis with IBM SPSS 26 software. The scale finally developed was authenticated and the data was analysed through PLS-SEM. The results show that Financial Barriers, Regulatory Landscape and Societal Backing are the main factors that influence Women-Led Enterprises in India. Business women in India consider determination, risk-taking ability, independence, self-confidence, responsibility, courage, patience, and carefulness as vital attribute for being an entrepreneur. The findings of our study indicate that there are a number of factors that impact women-led businesses and that these factors can significantly affect their businesses, which is useful for companies and government officials who want to reduce the risks associated with starting up and preventing failures. This research enhances our understanding of the diverse elements impacting businesses led by women in developing nations such as India. Moreover, it offers practical insights that can aid in the formulation of policies aimed at fostering female entrepreneurship.