Women entrepreneurs in Indonesia's culinary sector: a study on entrepreneurial orientation and financial capability

This study investigates the impact of entrepreneurial orientation, adaptive capacity, and social networks on the financial capability of small-scale culinary businesses (SCBs) owned by women in Riau, Indonesia. Given the crucial role women play in driving the local economy, understanding these factors is essential for enhancing their financial success. Using a sample of 355 SCBs, the study employs the resource-based view, entrepreneurial orientation framework, dynamic capability theory, and social capital theory to analyse how these elements interact. The results, derived from structural equation modelling (SEM), reveal that entrepreneurial orientation significantly enhances financial capability. This relationship is further strengthened by adaptive capacity and effective social networks. These findings highlight the importance of fostering entrepreneurial and adaptive capacities and leveraging social networks to improve financial outcomes for women entrepreneurs in the culinary sector. By addressing gaps in financial capability and providing strategic insights, this research offers valuable guidance for policymakers and stakeholders aiming to support women-owned businesses.