The Effect of Education on Women Entrepreneurs' Success: Evidence from Vietnam's Economy
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| Title: | The Effect of Education on Women Entrepreneurs' Success: Evidence from Vietnam's Economy |
|---|---|
| Language: | English |
| Authors: | Orhan Kara (ORCID |
| Source: | International Society for Technology, Education, and Science. 2023. |
| Availability: | International Society for Technology, Education, and Science. 944 Maysey Drive, San Antonio, TX 78227. Tel: 515-294-1075; Fax: 515-294-1003; email: istesoffice@gmail.com; Web site: http://www.istes.org |
| Peer Reviewed: | Y |
| Page Count: | 15 |
| Publication Date: | 2023 |
| Document Type: | Speeches/Meeting Papers Reports - Research |
| Descriptors: | Females, Entrepreneurship, Educational Attainment, Small Businesses, Family Relationship, Friendship, Reputation, Marketing, Ethics, Success, Community Involvement, Work Ethic, Money Management, Recordkeeping, Accuracy, Credit (Finance), Foreign Countries |
| Geographic Terms: | Vietnam |
| Abstract: | The purprose of this paper is to investigate the effect of education on women entrepreneurs' success : factors in Vietnam. We used the survey instrument developed by H.M. Chu, which has been adopted in several small business studies. To determine the role and importance of education on the success of entrepreneurs, an ordered logit model is applied to the data gathered from women entrepreneurs participated in the study. Our ordered logit model revealed that number of years in this business, support of family and friends, marketing factors such as sale promotion, good customer service, location, ability to manage personnel, and reputation for honesty were the statistically significant success factors. Good customer service has the largest impact on the success of Vietnamese women entrepreneurs, which is followed by reputation for honesty, ability to manage personnel, the level of family support, and the number of years in current business. Finally, hard work, community involvement, maintenance of accurate records of sales and expenses, and access to capital were other factors that high impact on entrepreneurs' business success. The estimated coefficient for education is 0.03524, which gives 1.0359 odds ratio, this indicates that completing a higher level of education increases success level by 1.0359 times, implying a positive effect of education for Vietnamese women entrepreneurs. [For the full proceedings, see ED656038.] |
| Abstractor: | As Provided |
| Entry Date: | 2024 |
| Accession Number: | ED656096 |
| Database: | ERIC |
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