Jurnal Ekonomi, Manajemen, Akuntansi dan Keuangan
Vol. 7 No. 2 (2026): April

Multivariate Factor Analysis on The Influence Of Women's Leadership On MSME Business Success

Fahrizal Gema Akbar (SEKOLAH TINGGI TEKNOLOGI WASTUKANCANA PURWAKARTA)
Hardi Elfandi (SEKOLAH TINGGI TEKNOLOGI WASTUKANCANA PURWAKARTA)
Rian Setiawan (SEKOLAH TINGGI TEKNOLOGI WASTUKANCANA PURWAKARTA)
Osep Hijuzaman (SEKOLAH TINGGI TEKNOLOGI WASTUKANCANA PURWAKARTA)



Article Info

Publish Date
20 Jan 2026

Abstract

Women’s leadership has gained increasing attention as a strategic factor in enhancing business performance; however, comprehensive empirical evidence in Indonesia remains limited. This study aims to examine the influence of women’s leadership on business success in Indonesia using a multivariate approach. Specifically, it identifies the leadership styles that most strongly contribute to key business performance indicators, including revenue growth, operational efficiency, and business sustainability. In addition, this study investigates the mediating roles of innovation, decision-making quality, team communication, and employee motivation, as well as the moderating effects of access to capital, organizational culture, digital literacy, and business networks on the relationship between women’s leadership and business success. This research employs a quantitative approach using Structural Equation Modeling–Partial Least Squares (SEM-PLS) based on data collected from women-led enterprises across various business sectors and firm sizes in Indonesia. The results indicate that women’s leadership has a significant direct effect on organizational performance, while its effect on business success is mainly indirect through innovation capability, effective decision-making, and strong team communication and motivation. Furthermore, access to capital, supportive organizational culture, and digital literacy strengthen the impact of women’s leadership on business outcomes, with variations observed across sectors and company sizes. The study concludes that the effectiveness of women’s leadership in driving business success is strongly shaped by organizational mechanisms and contextual business environments.

Copyrights © 2026






Journal Info

Abbrev

jurnalemak

Publisher

Subject

Economics, Econometrics & Finance Other

Description

Jurnal Emak: Jurnal Ekonomi, Manajemen, Akuntansi dan Keuangan is a peer-reviewed journal. Ekombis invites academics and researchers who do original research in the fields of economics, management, and accounting, including but not limited to: Economics Monetary Economics, Finance, and Banking ...