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Enviromental Governance, Local Wisdom, and Financial Sustainability: Empowering Women Entrepenueurs in South Sumatera

Year: 2025

Type: article

Abstract: Indonesia's economic growth has been significantly driven by women entrepreneurs in SMEs, which are vital for job creation and income generation. However, these enterprises face challenges in scaling and sustainability, influenced by social, environmental, economic, and governance factors. This study explores the mediating role of local wisdom in village environmental governance for the financial sustainability of women-led SMEs in South Sumatera, using the Triple Bottom Line (TBL) framework. A survey-based approach collected data from women entrepreneurs in formal and informal sectors, analyzed using Partial Least Squares (PLS) with Smart-PLS software. Findings reveal that local wisdom positively impacts financial sustainability through environmental governance, reinforcing the TBL’s emphasis on economic, social, and environmental balance. The study underscores the role of women entrepreneurs in fostering sustainable business practices and contributes to green entrepreneurship literature, calling for further research on sustainability-driven entrepreneurship in Indonesia.

Source: JRAK

DOI: 10.23969/jrak.v17i2.22164

Authors: Isni Andriana, Ahmad Maulana Ahmad Maulana, Badia Perizade Badia Perizade, Umi Kalsum Umi Kalsum, Kemas Thamrin, Namira Rifanka

Institution: Sriwijaya University

Language: English

Topic: Entrepreneurship Studies and Influences

Subfield: Management of Technology and Innovation

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Decent work and economic growth, No poverty, Industry, innovation and infrastructure, Gender equality, Responsible consumption and production

Open Access status: diamond

OpenAlex ID: W4409609616

FWCI: 1.223

Cites:

Cited by: 1

Related to: 10