Role Of Women In Financial Management And Decision Making In Small And Medium Enterprises (Smes)

Abstract

This research explores the role of women in financial management and decision-making within Small and Medium Enterprises (SMEs), highlighting the significant but underutilized potential of female leadership in enhancing organizational performance and financial strategies. Despite progressive societal shifts towards gender equality, women remain underrepresented in financial leadership roles, particularly in SMEs. The study utilizes a mixed-methods approach, employing both quantitative and qualitative analyses of data gathered from 60 respondents across various sectors. Findings indicate that female leadership is positively correlated with improved risk management, innovation, and financial outcomes. However, barriers such as lack of mentorship, gender biases, and work-life balance issues persist, hindering further integration of women into these roles. The study underscores the need for SMEs and policymakers to advance gender diversity practices to leverage the unique perspectives and capabilities women bring to financial decision-making.