The Determinants of Entrepreneurial Success: An Application to Micro-Enterprises Financed by Microcredit in France

Micro-enterprises are at the heart of industrialized countries’ political concerns, particularly in Europe. If the latter are the subject of such special attention, it is because of their important role in terms of economic growth. This study evaluated the factors of business success as a multidimensional and multifaceted construct that integrates three aspects: entrepreneurial continuity, economic success, and entrepreneur satisfaction. Together, we included these three aspects in an econometric analysis using an ordered Probit model. We propose, from a new angle, an understanding of the determinants of the sustainable performance of micro-enterprises, in this case, those financed by microcredit in France. Our results show that total success seems to be explained in particular by elements from financial and human capital, motivation, and entrepreneurial support.

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Publication Details

Journal
International Journal of Financial Studies
Published
2024-08-12
DOI
https://doi.org/10.3390/ijfs12030079
Primary Topic
Microfinance and Financial Inclusion
Type
article
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0.00
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article

The Determinants of Entrepreneurial Success: An Application to Micro-Enterprises Financed by Microcredit in France

Marinette Kamaha, Serge Valant Gandja
International Journal of Financial Studies
Microfinance and Financial Inclusion
article

The Determinants of Entrepreneurial Success: An Application to Micro-Enterprises Financed by Microcredit in France

Marinette Kamaha, Serge Valant Gandja
article en

Abstract

Micro-enterprises are at the heart of industrialized countries’ political concerns, particularly in Europe. If the latter are the subject of such special attention, it is because of their important role in terms of economic growth. This study evaluated the factors of business success as a multidimensional and multifaceted construct that integrates three aspects: entrepreneurial continuity, economic success, and entrepreneur satisfaction. Together, we included these three aspects in an econometric analysis using an ordered Probit model. We propose, from a new angle, an understanding of the determinants of the sustainable performance of micro-enterprises, in this case, those financed by microcredit in France. Our results show that total success seems to be explained in particular by elements from financial and human capital, motivation, and entrepreneurial support.

International Journal of Financial StudiesVol. 12(3)
Kedge Business School (FR)
Decent work and economic growth
Openalex Percentile: Top 84%
Microfinance and Financial Inclusion
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The Determinants of Entrepreneurial Success: An Application to Micro-Enterprises Financed by Microcredit in France — Marinette Kamaha, Serge Valant Gandja · International Journal of Financial Studies (2024) | TGRS Research Map | TGRS