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

Authors: Okta Karneli; Harlen; Yusni Maulida; Muammar Revnu Ohara; Pratiwi Dwi Suhartanti

Addresses: Universitas Riau, Kampus Bina Widya KM. 12,5, Simpang Baru, Kec. Tampan, Kota Pekanbaru, Riau 28293, Indonesia ' Department of Economics, Faculty of Economics and Business, Universitas Riau, Kampus Bina Widya KM. 12,5, Simpang Baru, Kec. Tampan, Kota Pekanbaru, Riau 28293, Indonesia ' Faculty of Economics and Business, Universitas Riau, Kampus Bina Widya KM. 12,5, Simpang Baru, Kec. Tampan, Kota Pekanbaru, Riau 28293, Indonesia ' Department of Information Systems, Faculty of Computer Science, Universitas Lancang Kuning, Riau, Jl. Yos Sudarso No.KM. 8, Umban Sari, Kec. Rumbai, Kota Pekanbaru, Riau 28266, Indonesia ' Institut Bisnis dan Teknologi Kalimantan, Jl. Brigjen Hasan Basry No. 9-11, Kota Banjarmasin, Kalimantan Selatan, Indonesia; Department of Management, Faculty of Economics and Business, Universitas Gadjah Mada, Jl. Sosio Humaniora No.1, Bulaksumur, Caturtunggal, Depok, Sleman Regency, Special Region of Yogyakarta, Indonesia

Abstract: 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.

Keywords: women entrepreneurs; entrepreneurial orientation; financial capability; adaptive capacity; social network; small-scale culinary businesses; SCBs; Indonesia; structural equation modelling; SEM.

DOI: 10.1504/IJESB.2025.145581

International Journal of Entrepreneurship and Small Business, 2025 Vol.55 No.5, pp.1 - 28

Received: 20 Jun 2024
Accepted: 22 Jul 2024
Published online: 07 Apr 2025 *