Female Managers, Informal Enterprises, and Their Perceived Financial Performance in Togo

Female Managers, Informal Enterprises, and Their Perceived Financial Performance in Togo

Author: 
Gadedjisso-Tossou, Akouvi
Place: 
Oxon
Publisher: 
Taylor and Francis
Date published: 
2023
Record type: 
Responsibility: 
Gueyie, Jean-Pierre, jt. author
Couchoro, Mawuli Kodjovi, jt. author
Journal Title: 
Journal of African Business
Source: 
Journal of African Business, Vol. 25 No. 1, 2024 pp. 115-141
ISSN: 
1522-9076 Online: 1522-8916
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.

Language: 
Country focus: 

CITATION: Gadedjisso-Tossou, Akouvi. Female Managers, Informal Enterprises, and Their Perceived Financial Performance in Togo . Oxon : Taylor and Francis , 2023. Journal of African Business, Vol. 25 No. 1, 2024 pp. 115-141 - Available at: https://library.au.int/frfemale-managers-informal-enterprises-and-their-perceived-financial-performance-togo