The Relationship Between Personality and Entrepreneurship, Entrepreneurial Success and Transformational Leadership: Moderation by Business Start
Although previous research has indicated that personality traits are related with entrepreneurial activity and success by using the Five-Factor model, it has also shown that these relationships need to be examined at a deeper level of personality traits. Thus, the aim of this study was to investigate whether entrepreneurs would differ in their personality from the average population on an aspect level by using the Five-Factor Aspect Scale. Further, what personality aspects relate to entrepreneurial success and the moderating influence of the way entrepreneurs started in a business. Successful entrepreneurship was measured in terms of business performance and leadership skills. Results showed that entrepreneurs score higher on industriousness, intellect, enthusiasm, assertiveness, and compassion and lower on withdrawal and politeness. Industriousness was the only aspect found that is positively linked to business performance. This relation was weaker when entrepreneurs inherited a family business. In terms of leadership skills, a transformational way of leading was positively related to intellect and negatively with orderliness. Theoretical and practical implications are discussed.
Faculteit der Sociale Wetenschappen