An Empirical Analysis of the Influence of Human, Social, and Financial Capital on the Performance of Women Entrepreneurs in Osogbo, Osun State, Nigeria

Abstract

Women entrepreneurs face unique challenges in economic growth,
innovation, and job creation, including social, financial, cultural, and
institutional barriers. These barriers limit access to resources like
financing, networks, and mentorship. This study investigates the
influence of financial, social, and human capital on women
entrepreneurs' performance in the Osogbo metropolis, Osun state. A
survey research design was employed, with a sample of 184 female
entrepreneurs in Osogbo metropolis were selected through purposive
sampling. Data were analyzed using descriptive and inferential statistical
techniques. The regression analysis identified financial capital as the
most statistically significant predictor of business performance among
female entrepreneurs (p < 0.05). Human capital was found to have a
significant negative relationship with business performance (p < 0.05),
suggesting that there may be skill mismatches or inefficiencies in how
human resources are utilized. Additionally, social capital did not
significantly affect business performance (p > 0.05). These findings
conclusion highlight the importance of financial capital in driving
business success for female entrepreneurs, pointing to challenges
associated with human capital that warrant further investigation.
Therefore, the study recommends that the government implement
targeted entrepreneurship training, mentorship programs, and skills
development initiatives to enhance the effective utilization of human
capital among female entrepreneurs.