Psychological and sociological determinants of entrepreneurial intentions and behaviors

Antončič, Boštjan (author), Auer Antončič, Jasna (author)

Research concerned with the personality of entrepreneurs entails an important part of the research into the management of small and medium-sized enterprises and entrepreneurship. This research has added new knowledge about the role of entrepreneurs’ personality characteristics, their family entrepreneurial background, and the local supportive entrepreneurial background in entrepreneurial start-up intentions and behaviors. Hypotheses and a model were developed and verified using structural equation modeling and regression analysis considering data from a sample of entrepreneurs and students. This research revealed that several personality and sociological factors can be important for entrepreneurship when it comes to starting a business. The most important were the Big Five personality factors openness, extraversion, and non-agreeableness and, to a smaller extent, emotional stability (non-neuroticism), and conscientiousness. The second-most important group of factors were the specific motivational characteristics entrepreneurial self-efficacy, internal locus of control, and risk-taking propensity. Sociological factors were much less important than psychological elements for establishing business.

• Language: English
• Keywords: business efficiency, personality characteristics, sociological background, small enterprises, medium-sized enterprises, entrepreneurs, entrepreneurship, start-ups
• Work type: Article
• Typology: 1.01 - Original Scientific Article
• Organization: EF - School of Economics and Business
• Publication status: Published
• Publication version: Version of Record
• Year: 2023
• Number of pages: 10 str.
• Numbering: Vol. 14, art. 1076768
• PID: 20.500.12556/RUL-146439
• UDC: 005.3
• ISSN on article: 1664-1078
• DOI: 10.3389/fpsyg.2023.1076768
• COBISS.SI-ID: 140555011
• Publication date in RUL: 01.06.2023

Record is a part of a journal

• Title: Frontiers in psychology
• Shortened title: Front. psychol.
• Publisher: Frontiers Media
• ISSN: 1664-1078
• COBISS.SI-ID: 519967513

Licences

• License: CC BY 4.0, Creative Commons Attribution 4.0 International
• Link: http://creativecommons.org/licenses/by/4.0/
• Description: This is the standard Creative Commons license that gives others maximum freedom to do what they want with the work as long as they credit the author.

Secondary language

• Language: Slovenian
• Keywords: srednja podjetja, zagonsko podjetje, podjetnik, uspešnost poslovanja