{"title":"Female Managers, Informal Enterprises, and Their Perceived Financial Performance in Togo","authors":"Akouvi Gadedjisso-Tossou, Jean-Pierre Gueyie, Mawuli Kodjovi Couchoro","doi":"10.1080/15228916.2022.2070387","DOIUrl":null,"url":null,"abstract":"<p><b>ABSTRACT</b></p><p>This paper examines the determinants of financial performance as perceived by Togolese female managers operating in the informal sector. The analysis is conducted using the partial least squares methodology based on data collected from 208 female-managed enterprises throughout Togo. The results indicate that business environment constraints, stereotypes toward females’ managerial abilities, female entrepreneur’s risk appetite, and being part of a network are associated positively and significantly with perceived financial performance, while difficult access to finance and cultural factors influence it negatively and significantly. Furthermore, the age of the enterprise is a significant determinant of the perceived financial performance. The positive effect of the business environment constraints is contrary to our expectations. This may be explained by the number of enterprises operating informally.</p>","PeriodicalId":46981,"journal":{"name":"Journal of African Business","volume":"66 1","pages":""},"PeriodicalIF":2.1000,"publicationDate":"2022-04-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of African Business","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1080/15228916.2022.2070387","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"BUSINESS","Score":null,"Total":0}
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Abstract
ABSTRACT
This paper examines the determinants of financial performance as perceived by Togolese female managers operating in the informal sector. The analysis is conducted using the partial least squares methodology based on data collected from 208 female-managed enterprises throughout Togo. The results indicate that business environment constraints, stereotypes toward females’ managerial abilities, female entrepreneur’s risk appetite, and being part of a network are associated positively and significantly with perceived financial performance, while difficult access to finance and cultural factors influence it negatively and significantly. Furthermore, the age of the enterprise is a significant determinant of the perceived financial performance. The positive effect of the business environment constraints is contrary to our expectations. This may be explained by the number of enterprises operating informally.
期刊介绍：
Journal of African Business is the official journal of the Academy of African Business and Development, the largest network of professionals committed to advancement of business development in African nations. JAB strives to comprehensively cover all business disciplines by publishing high quality analytical, conceptual, and empirical articles that demonstrate a substantial contribution to the broad domain of African business. Regardless of the research context, tradition, approach, or philosophy, manuscripts submitted to JAB must demonstrate that the topics investigated are important to the understanding of business practices and the advancement of business knowledge in or with Africa. Particularly, JAB welcomes qualitative and quantitative research papers. JAB is not, however, limited to African-based empirical studies. It searches for various contributions, including those based on countries outside Africa that address issues relevant to African business. Targeted toward academics, policymakers, consultants, and executives, JAB features the latest theoretical developments and cutting-edge research that challenge established beliefs and paradigms and offer alternative ways to cope with the endless change in the business world. Covered areas: Accounting; Agribusiness Management and Policy; Business Law; Economics and Development Policy; Entrepreneurship and Family Business; Finance; Global Business; Human Resource Management; Information and Communications Technology (ICT); Labor Relations; Marketing; Management Information Systems (MIS); Non-Profit Management; Operations and Supply Chain Management; Organizational Behavior and Theory; Organizational Development; Service Management; Small Business Management; Social Responsibility and Ethics; Strategic Management Policy; Technology and Innovation Management; Tourism and Hospitality Management; Transportation and Logistics
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