Title: Impact of dimensions of financial literacy and business innovation on the performance of women entrepreneurs

Authors: Neetu Juneja; Shweta Nanda; Raj Kumar Singh; Harjit Singh

Addresses: Amity College of Commerce and Finance, Amity University, Noida, India ' Amity International Business School, Amity University, Noida, India ' School of Management, Graphic Era Hill University, Dehradun, India ' Symbiosis Centre for Management Studies Noida, Symbiosis International University, Pune, India

Abstract: The study aims to investigate the impact of dimensions of financial literacy and business innovation on the performance of women entrepreneurs. In recent years, the number of women doing business has increased, and several agencies are also working on increasing their participation. The study collected empirical data from 427 female entrepreneurs in India through purposive sampling technique. The survey was conducted using a structured questionnaire adopted from literature. Findings suggest that women's financial literacy is judged by their financial capital, capabilities, and support received from various agencies. Financial literacy leads to business innovation and results in an increase in business performance. Financial literacy provides financial freedom to the women entrepreneur to play in the market with confidence. Further, the digitalisation of business with innovation increases women entrepreneurs' business performance. Additionally, digitalisation alone with only financial literacy has an insignificant impact on business performance.

Keywords: financial literacy; financial support; business innovations; women entrepreneur; business performance.

DOI: 10.1504/IJWI.2025.144324

International Journal of Work Innovation, 2025 Vol.6 No.1, pp.71 - 90

Received: 27 Sep 2023
Accepted: 03 Oct 2023
Published online: 07 Feb 2025 *

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