|
They are entrepreneurs by choice, not by necessity. They are more educated, prefer to work with other women, and are concerned about the well-being of their employees. However, they face numerous limitations: they tend to be less productive, smaller in size, and significantly dependent on family capital for initial investments, which constrains their willingness to invest and innovate. Nonetheless, when dependence is placed on financial capital—through incentives and bank credit for startups—there is a 33% enhancement in productivity and by +40% if training is added. These are some of the characteristics of women-led businesses highlighted in a report produced by Unioncamere (the Italian Union of Chambers of Commerce, Industry, Crafts, and Agriculture) in collaboration with the Tagliacarne Study Center and Sicamera (an Italian Chambers of Commerce agency). The analysis is part of the National Plan for Female Entrepreneurship, which is handled by Invitalia (the Italian National Development Agency) in partnership with Unioncamere on behalf of the Ministry of Business and Made in Italy, and funded by European funding through Next Generation EU. The 1.3 million enterprises led by women in Italy last year (+0.4% compared to 2014) are a fundamental driver of increased female labor market involvement. Indeed, women account for more than half of the workforce in women-owned enterprises (54% against 39% in non-women-owned businesses). Female entrepreneurs, who have greater levels of education than their male counterparts (25% have a university degree versus 21% have a bachelor's degree), largely opt to establish their own firm for self-fulfillment (37%). This incentive leads to businesses that place a higher value on quality and human resource development. This is especially obvious when evaluating the attention provided to employees: 28% of female-owned enterprises take steps to balance work and personal life, a figure that rises to 40% when led by a university-educated owner. Finally, despite their smaller average size, female-owned enterprises have a strong tendency to invest, particularly in tangible assets (machines, ICT equipment) and organizational modernization.
|