Ivana Vucetic – Innovation Centre of the Faculty of Mechanical Engineering in Belgrade, Kraljice Marije 16, Belgrade, Serbia
Snezana Kirin – Innovation Centre of the Faculty of Mechanical Engineering in Belgrade, Kraljice Marije 16, Belgrade, Serbia
Sanja Popovic-Pantic – Institute Mihajlo Pupin, Volgina 15, Belgrade, Serbia
Keywords:Β Β Β Β Β Β Β Β Β Β Β Β Female entrepreneurship;
Female education;
Serbia;
Sustainable development
Abstract: The business world is rapidly changing adopting new technolΒogies and business models. It affects entrepreneurship, which is one of the most important factors of sustainable development. In recent years, the imΒportance of female entrepreneurship has increased, because more and more women have started to get involved in entrepreneurial activities. Among the main factors influencing female entrepreneurship are education, which gives women the knowledge to succeed as entrepreneurs, and finance, which enΒables women to start their businesses. In order for entrepreneurship to be sucΒcessful, it is of great importance to constantly improve business, which imΒplies constant investment in education and training, and stable income as the source of further investment in business growth. This paper aims to investiΒgate the importance of female education for successful female entrepreneurΒship and sustainable development in Serbia, by examining the correlation beΒtween the education level and: the annual income, and the investment in lifeΒlong learning.


9th International Scientific ERAZ Conference β ERAZ 2023 β Selected Papers: KNOWLEDGE BASED SUSTAINABLE DEVELOPMENT, hybrid β online, virtually and in person, Prague, Czech Republic, June 1, 2023
ERAZ Selected Papers published by: Association of Economists and Managers of the Balkans – Belgrade, Serbia
ERAZ conference partners: Faculty of Logistics, University of Maribor, Maribor (Slovenia); University of National and World Economy β UNWE, Sofia (Bulgaria); Center for Political Research and Documentation (KEPET), Research Laboratory of the Department of Political Science of University of Crete (Greece); Institute of Public Finance β Zagreb (Croatia); Faculty of Tourism and Hospitality Ohrid, University of St. Kliment Ohridski from Bitola (North Macedonia)
ERAZ Conference 2023 Selected Papers: ISBN 978-86-80194-73-8, ISSN 2683-5568, DOI: https://doi.org/10.31410/ERAZ.S.P.2023
Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission.Β
Suggested citation
Vucetic, I., Kirin, S., & Popovic-Pantic, S. (2023). Female Education and Entrepreneurship in the Service of Sustainable Development in Serbia. In V. Bevanda (Ed.), ERAZ Conference – Knowlegde Based Sustainable Development: Vol 9. Selected Papers (pp. 135-145). Association of Economists and Managers of the Balkans. https://doi.org/10.31410/ERAZ.S.P.2023.135
References
Allahar, H. (2015). Female Entrepreneurship: The Experience of Latin America and the CaribΒbean. European academic research, 2(10), 12739-12762.
BaboviΔ, D., & KoΔoviΔ De Santo, M. (2023). Female Entrepreneurship in the Creative EconoΒmy. JWEE, 109-127. https://doi.org/10.28934/jwee23.pp109-127
BaboviΔ, M., VladisavljeviΔ, M., VukotiΔ, O., SteviΔ, M., ObradoviΔ, J., VelkoviΔ, T., & ΔvoriΔ, J. (2022). PreduzetniΕ‘tvo ΕΎena u Srbiji – deset godina kasnije. Srbija: UN Women.
BΓΌhler, M., Vollmer, L., & Wimmer, J. (2023). Female education and social change. Journal of Economic Growth. https://doi.org/10.1007/s10887-023-09232-w
Cesaroni, F. M., & Paoloni, P. (2016). Are family ties an opportunity or an obstacle for women entrepreneurs? Empirical evidence from Italy. Palgrave Communications, 2(1). https://doi.org/10.1057/palcomms.2016.88
Coronel-Pangol, K., Paule-Vianez, J., & Orden-Cruz, C. (2023). Conventional or alternative fiΒnancing to promote entrepreneurship? An analysis of female and male entrepreneurship in developed and developing countries. International Entrepreneurship and Management Journal. https://doi.org/10.1007/s11365-023-00906-w
Deng, W., Liang, Q., Li, J., & Wang, W. (2021). Science mapping: a bibliometric analysis of feΒmale entrepreneurship studies. Gender in Management: An International Journal, 36(1), 61-86. https://doi.org/10.1108/gm-12-2019-0240
Deshpande, A. (2021). Women entrepreneurship: second inning at career. Shodh Sarita JourΒnal, 8(29), 93-97.
Ebrahimi, R., Choobchian, S., Farhadian, H., Goli, I., Farmandeh, E., & Azadi, H. (2022). InvesΒtigating the effect of vocational education and training on rural womenβs empowerment Humanities and Social Sciences Communications, 9(1). https://doi.org/10.1057/s41599-022-01187-4
Ferigra Stefanovic, A. (2021). EU gender country profile for Serbia. Retrieved from https://www.rodnaravnopravnost.gov.rs/sites/default/files/202111/EU%20Gender%20CounΒtry%20Profile%20for%20Serbia.pdfΒ
Gawel, A. (2013). Female entrepreneurship in Poland. Economics and Business Review, 13(1), 115-130. https://doi.org/10.18559/ebr.2013.1.817Β
Gawel, A. (2021). The Gender-based attainment of education and female entrepreneurship: The European Perspective. Entrepreneurship and Sustainability Issues, 8(4), 403-417. https://doi.org/10.9770/jesi.2021.8.4(24)Β Β
Kannappan, S. (2022). Promoting Women Entrepreneurship: A Systematic Review On The Challenges. Webology, 19(2), 1792-1806.
Keric, C. (2017). Power of Procurement: How To Source From Women-Owned Businesses CorΒporate β Guide to Gender β Responsive Procurement. New York, New York: UN Women.
Khajuria, N. (2021). Development of Women Entrepreneurship in India. International JourΒnal for Research in Engineering Application & Management, 6(10), 206-212. https://doi.org/10.35291/2454-9150.2021.0034Β Β
Khyareh, M. M. (2018). Determinants of female entrepreneurship in Iran: An institutional apΒproach. Ekonomski anali, 63(216), 111-129. https://doi.org/10.2298/eka1816111kΒ
Martinez Cerda, L., & Sanchez Macias, A. (2022). Mexican Female Entrepreneurship: What is missing? A Glance to Women Entrepreneurship Hardships. National Social Science JourΒnal, 72(243), 63-70.
Mashapure, R., Madzimure, G. P. K., Msipah, N., Dandira, M., & Kandjinga, E. (2021). Women Entrepreneurship and Sustainable Rural Livelihoods. International Journal of Research and Scientific Innovation (IJRSI), 8(2), 64-73.
Mukhtar, D. (2022). Institutional Theory in Woman Entrepreneurship. The Seybold Report JourΒnal, 17(8), 1794-1800.Β https://doi.org/10.5281/zenodo.7031187Β
PopoviΔ-PantiΔ, S. (2014). An analysis of female entrepreneurship and innovation in Serbia in the context of EU competitiveness. Ekonomski Anali, 59(200), 61-90. https://doi.org/10.2298/EKA1400061PΒ
PopoviΔ-PantiΔ, S., Kirin, S., & VuΔetiΔ, I. (2023). The Sustainability Analysis of Women-owned Businesses Examined Through the Impact of Selected Variables on Dimensions of InΒnovation Capacity. Journal of Womenβs Entrepreneurship and Education, Special issue βStrengthening opportunities and solutions for women entrepreneurs in Asia and EuΒropeβ, 128-148. https://doi.org/10.28934/jwee23.pp128-145Β
PopoviΔ-PantiΔ, S., SemenΔenko, D., & VasiliΔ, N. (2020). Digital technologies and the finanΒcial performance of female SMEs in Serbia: The mediating role of innovation. Ekonomski Anali, 65(224), 53-81. https://doi.org/10.2298/EKA2024053PΒ
PopoviΔ-PantiΔ, S., SemenΔenko, D., & VasiliΔ, N. (2022). Economic Inclusion of Women EntreΒpreneurs During Covid-19 in Serbia, Montenegro and Bosnia and Herzegovina. In: BartΒlett, W., UvaliΔ, M. (Eds.) Towards Economic Inclusion in the Western Balkans. New PerΒspectives on South-East Europe (pp. 249-277). Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-031-06112-7_11Β Β
Pruett, M. (2023). Confidence and Character: The Future of Womenβs Entrepreneurship EducaΒtion? Journal of Womenβs Entrepreneurship and Education, Special issue, 1-15. https://doi.org/10.28934/jwee23.pp1-15Β Β
RadoviΔ MarkoviΔ, M., Lindgren, C., Grozdanic, R., Markovic, D., & Salamzadeh, A. (2012, OcΒtober 8-9). Freedom, Individuality and Womenβs Entrepreneurship Education [Conference presentation]. Entrepreneurship Education – A Priority for the Higher Education InstituΒtions, Bucharest, Romania. https://ssrn.com/abstract=2164216Β
RadoviΔ MarkoviΔ, M., NikitoviΔ, Z., Somborac, B., PenjiΕ‘eviΔ, A., & VujiΔiΔ, S. (2022). InteΒgration of Gender Aspects into Development of Knowledge Management System in The Entrepreneurial Organizations in Serbia. JWEE(1-2), 154-169. https://doi.org/10.28934/jwee22.12.pp154-169Β
Raman, R., Subramaniam, N., Nair, V. K., Shivdas, A., Achuthan, K., & Nedungadi, P. (2022). Women Entrepreneurship and Sustainable Development: Bibliometric Analysis and Emerging Research Trends. Sustainability, 14(15), 9160. https://doi.org/10.3390/su14159160Β
SEECEL. (2014). Women Entrepreneurs Indicators: Developing 2nd generation, South East EuΒropean Centre for Entrepreneurial Learning, Zagreb.
Skelton, C. (1993). Women and Education. Introducing Womenβs Studies, 324-349. https://doi.org/10.1007/978-1-349-22595-8_14Β
StankoviΔ, S., VujiΔiΔ, S., & RadoviΔ-MarkoviΔ, M. (2023). Using Structural Equation ModeΒling in the Analysis of the Relationship Between Internal and External Factors and Women Entrepreneursβ Success. JWEE(1-2), 167-187. https://doi.org/10.28934/jwee23.12.pp167-187Β
StoΕ‘iΔ, D. (2016). Aspects of the business success important to female entrepreneurs in urban areas of the Republic of Serbia: A pilot study. Ekonomski Anali, 61(208), 121-136. https://doi.org/10.2298/eka1608121sΒ Β
Tominc, P., & Rebernik, M. (2006). Significantly different β yet alike: Male and female earΒly-stage entrepreneurship in three European post-socialist countries. DruΕ‘tvena isΒtraΕΎivanja, 16(3), 426-443.
Tovmasyan, G. (2022). Promoting female entrepreneurship in tourism for sustainable develΒopment. Marketing and Management of Innovations, 1(1), 18-36. https://doi.org/10.21272/mmi.2022.1-02Β
VuΔetiΔ, I., & Kirin, S. (2022). Innovation capacities as the key to survival β a case study in Serbia. Balkans Journal of Emerging Trends in Social Sciences, 5(2), 115-124.Β https://doi.org/10.31410/Balkans.JETSS.2022.5.2.115-124Β