The Impact Of Geographic Location, Industry Type, Number Of Employees And Years In Business On The Economic Success Of Minority Women Entrepreneurs

Abstract

The topic of entrepreneurship is central in both scholarly and public policy discussions of minority businesses, yet few studies have examined the factors leading to economic success for minority women entrepreneurs. This paper partially addresses the oversight by analyzing Dun and Bradstreet data on businesses owned by Asian, Hispanic, Native American, Indian and Black women, focusing on the relationship between sales volume (the dependent variable) and number of employees, years in business, race and industry type (the independent variables). The results from this paper add a new dimension to this line of research, building on previous studies that document the growing significance of entrepreneurship among minority women. The results show that there is indeed an impact on sales volume by number of employees, years in business, race and industry type.