Formative Factors for Entrepreneurial Motivation of Women Entrepreneurs of Jammu and Kashmir in India: A Case of Binary Logistic
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Abstract
Various dimensions of entrepreneurship are being explored, among women and men, of both developing and developed nations. Innovative entrepreneurship has acquired an indispensable place in the regional development of the nations, but subsistence entrepreneurship is widespread in developing nations like India. It is even prevalent, where innovative entrepreneurship is not common. Hence, the determinants of entrepreneurial motivation also vary at both levels of entrepreneurship.
This study uses binary logistic regression to explore the impact of various independent variables on the motivation of the 405 women entrepreneurs of the state of Jammu & Kashmir in India. The empirical analysis reveals that only eight out of fifteen variables used are significant in motivating women entrepreneurs. Hence, we propose a model to incorporate insignificant factors, innovativeness and risk-taking into the formative factors of entrepreneurial motivation to upgrade the scenario of entrepreneurship from mere subsistence to innovative so as to ensure regional development.
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