Entrepreneurial capabilities of female entrepreneurs in Chilean MSEs

Abstract

Currently, it is recognized that women’s entrepreneurial capabilities are essential to driving female entrepreneurship, a key phenomenon in promoting gender equality and women’s economic empowerment. In addition, it is important to highlight the fundamental role of micro and small enterprises (MSEs) in the socioeconomic development of countries, as they generate employment and opportunities for entrepreneurship. In this context, this article aims to analyze the entrepreneurial capabilities of women entrepreneurs in Chilean MSEs. With this purpose, a survey was conducted with 119 participants selected through intentional sampling, whose data was collected through a structured survey (Entrepreneurial Capacity Test of the Red Alfa) and examined through descriptive correlational statistical analysis, average comparison tests, and categorical regression with optimal scaling (CATREG). The findings show that Chilean businesswomen have high entrepreneurial capabilities, highlighting altruism, creativity and innovation, and self-confidence. However, they have deficien-cities in capacities related to risk-taking. In addition, significant differences were found according to socioeconomic factors (education and income). It was also revealed that leadership is crucial for the development of entrepreneurial capabilities (relative importance). In conclusion, the study provides valuable information for the development of policies and strategies by state agencies aimed at improving the entrepreneurial capabilities necessary to strengthen female entrepreneurship and smaller businesses led by women in the medium and long term.