EFFECTS OF FINANCIAL SOURCES AND SOCIO-CULTURAL FACTORS ON PERFORMANCE OF WOMEN-OWNED MANUFACTURING ENTERPRISES IN KISUMU CITY COUNTY, KENYA

Autor/innen

  • Julia Adongo Otieno Postgraduate Student, Kenyatta University, Kenya
  • Nelson Wawire Professor of Economics, Kenyatta University, Kenya

DOI:

https://doi.org/10.46827/ejefr.v7i4.1592

Schlagwörter:

financial sources, socio-cultural factors, women-owned enterprises, performance

Abstract

Women-owned enterprises play a significant role in contributing to a country's Gross Domestic Product (GDP) by creating employment opportunities. However, the manufacturing sector in Kisumu City County, has witnessed poor performance, coupled with less than 10 percent of the women participating in this sector. Despite this poor performance and low participation rate, there has been limited exploration into the factors influencing the performance of women exclusively within this sector. Therefore, the study aimed to determine the effects of financial sources and socio-cultural factors on the performance of women-owned manufacturing enterprises. The study employed a descriptive research design. Data was gathered through a questionnaire administered to 48 women selected using a simple random sampling technique. Descriptive and inferential statistics were applied to analyze the data using Excel and STATA Software. The results of multiple regression analysis established that women who secured funding from banks during shortages and initial capital depicted high performance. Additionally, factors such as household size, spousal decision-making regarding property utilization, and spousal control over the enterprise earnings had a negative effect on the performance of women-owned manufacturing enterprises in this County. Top of FormThe study recommends that policies need to be formulated to finance informal sectors such as Chamas where the majority of women prefer to increase the amount of loan accessed. Additionally, women should acquire more advanced entrepreneurial skills that are instrumental in making independent decisions and having better control over productive resources without utterly relying on their spouses.

 

JEL: L60; M10

 

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Autor/innen-Biografien

  • Julia Adongo Otieno, Postgraduate Student, Kenyatta University, Kenya

    Julia Adongo Otieno holds a Bachelor's Degree in Economics and Finance from Kenyatta University and is currently pursuing her Master's studies at Kenyatta University, specializing in finance. Julia has actively engaged in research with the Kenyatta Women Economic Empowerment Hub, focusing on establishing effective strategies to encourage women's participation in the manufacturing sector. She is the primary author of a forthcoming publication titled "Financial Access and Taxation on the Performance of Women-owned Enterprises in the Manufacturing Sector in Kenya." She is passionate about conducting research aimed at providing evidence-based solutions to societal problems. Her interest revolves around finance, economics, and investment research analysis.

  • Nelson Wawire, Professor of Economics, Kenyatta University, Kenya

    Prof. Nelson H. W. Wawire holds a PhD (Economics), MA (Economics), and a Bachelor of Education (Economics and Business Studies). He is a Professor of Economics at the Department of Applied Economics, Kenyatta University. He has over 30 years of experience in teaching, research, and consultancy work with a concentration on Macroeconomics, Public Sector Economics, Research Methods, Project Evaluation, and gender research. He provides high-level policy training, review, advisory technical facilitation, and training support to Kenyatta University, Governments, and academia. He has consulted/researched for international organizations such as LINPICO, UNCRD, The World Bank, the Government of Liberia, UNECA, OSSREA, AERC, UNESCO, AfDB, African Economic Forum, Barclays Bank of Kenya Limited, and local ones such as IPAR, KIPPRA, and CRA. He has been a co-editor for various International Journals and policy notes and reviews. He has been involved in reviewing and developing degree programs at Kenyatta University and AERC.

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Veröffentlicht

2023-10-31

Ausgabe

Bd. 7 Nr. 4 (2023)

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