The Impact of Female Entrepreneurs’ Individual Factors on New Venture Success in Developing Countries

초록

This empirical study aims to test the impact of female entrepreneurs’ individual factors on new venture success and examine how socio-economic factors of property rights, business freedom and attitudes toward entrepreneurship moderate the main relationships, using the Global Entrepreneurship Monitor (GEM) surveys for eight developing countries in the years of 2008-2013. The results indicate that individual factors of entrepreneurial role model, entrepreneurial skills and household income have a positive influence on venture success, while fear of failure has a negative impact, as expected. The results also present that property rights fully moderate the main relationships.