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Empirical Study of Need-driven and Opportunity-driven Women Entrepreneurship in the state of Alabama

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Existing literature suggests a dichotomy that need-driven entrepreneurs are more impacted by availability of financing than opportunity-driven entrepreneurs. This study empirically investigates the expected linkage between availability of financing and intention to start a business for need-driven and opportunity-driven women entrepreneurs in the state of Alabama. The results from a survey of 1200 women intending to start a business in Alabama reveal that the strength of the linkage between availability of financing and intention to start a business varies with the entrepreneurial archetype. I conclude the study with implications for women entrepreneurs, policy makers and for future research.

Author(s):

Ravi Chinta    
Auburn University at Montgomery
United States