Policy and Ecosystem Pathways to Inclusive Women-Led Digital Venture Growth

Muhammad  Abiyan Hilal; Diana Puspitasari

doi:10.69725/jipi.v2i2.334

Authors

Muhammad Abiyan Hilal Department of Management, Faculty of Economics and Business, Dian Nuswantoro University, Semarang, Indonesia, 50131
Diana Puspitasari Department of Management, Faculty of Economics and Business, Universitas Dian Nuswantoro, Kota Semarang, Indonesia, 50131

DOI:

https://doi.org/10.69725/jipi.v2i2.334

Keywords:

Women entrepreneurship, Digital ventures, Policy intervention, Entrepreneurial ecosystem, Gender inclusion, Venture growth

Abstract

Purpose – We can determine how sustainable business performance is in a female-led digital entrepreneurship ecosystem by focusing on resource access, digital capabilities, and the socio-institutional context, all at the same time.
Design/methodology/approach – The interconnected drivers of resources, barriers, and context in determining sustainable entrepreneurship outcomes are analysed in this manuscript using a structural equation modelling strategy.
Findings – The results show that access to financing, ecosystem support, and digital capabilities are important in improving sustainable business performance, whereas gender-based social norms and work-family role pressures act as barriers. The transformation of entrepreneurial resources into performance impacts is further strengthened by institutional trust and policy clarity, with the negative effects of structural barriers being mitigated. At the same time, the positive effects of resources are reinforced by entrepreneurial thinking that is focused on opportunities, while social and role constraints are negated. The interaction between external resources, institutional context, and internal entrepreneurial cognition is suggested as the source of sustainable business performance, rather than isolated determinants.
Originality/value – This article contributes to entrepreneurship and sustainability studies by combining feminist, institutional, and digital capability perspectives within an integrated resource–barrier model that explicitly recognises context moderation mechanisms.
Research implications – This contribution has implications for forward-looking theory in sustainable and inclusive entrepreneurship. It also has implications for designing policies and support systems. These encourage the development of women-led enterprises in emerging entrepreneurial contexts.

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Author Biographies

Muhammad Abiyan Hilal, Department of Management, Faculty of Economics and Business, Dian Nuswantoro University, Semarang, Indonesia, 50131

Muhammad Abiyan Hilal is an undergraduate student in the Department of Management, Faculty of Economics and Business, Dian Nuswantoro University, Semarang, Indonesia. His primary academic and research interests lie in corporate finance, specifically focusing on capital structure, dividend policy, and their impact on firm value in the capital market. He is currently conducting research that examines the mediating role of profitability in the relationship between capital structure, dividend policy, and stock returns in Indonesian listed banking companies for the 2022–2024 period..
Diana Puspitasari , Department of Management, Faculty of Economics and Business, Universitas Dian Nuswantoro, Kota Semarang, Indonesia, 50131

Diana Puspitasari, S.E., M.M. is a lecturer in the Department of Management, Faculty of Economics and Business, Universitas Dian Nuswantoro, Indonesia. Her academic expertise includes financial management, macroeconomic policy analysis, and applied econometrics. She has published in nationally and internationally indexed journals and actively supervises research in monetary economics and financial risk management. Her research emphasizes the integration of macroeconomic theory with empirical analysis to support evidence-based policy and managerial decision-making.

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