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The Big Five Personality Of The Sme Manager And Their Company’S Performance

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  • JASNA AUER ANTONCIC

    (University of Primorska, Faculty of Management, Koper, Slovenia)

  • BOSTJAN ANTONCIC

    (University of Ljubljana, Faculty of Economics, Ljubljana, Slovenia)

  • DARJA KOBAL GRUM

    (University of Ljubljana, Faculty of Arts, Ljubljana, Slovenia)

  • MITJA RUZZIER

    (University of Primorska, Faculty of Management, Koper, Slovenia)

Abstract

This study addresses a certain research issue: how do the Big Five personality traits of managers of small and medium-sized enterprises (SMEs) impact the business performance of companies? A representative random sample of managers of SMEs in Slovenia was used for data collection through survey research. Hypotheses and the model were tested using structural equation modeling. A valuable contribution is made in the form of a new model of Big Five personality induced SME growth, profitability and new value creation. Openness of managers can be predictive of growth and new value creation of their companies, with the new value creation impact especially expressed in female-managed companies. Conscientiousness may not be crucial for performance, except for new value creation in females where this relationship can be negative. Extraversion can predict the growth and profitability. Agreeableness can have negative effects on all performance elements. Neuroticism can be predictive of growth and profitability. Practitioners must be aware of the importance of managers’ Big Five personality traits for SME performance. Where possible, managers may like to develop their levels of openness, extraversion, non-agreeableness and neuroticism.

Suggested Citation

  • Jasna Auer Antoncic & Bostjan Antoncic & Darja Kobal Grum & Mitja Ruzzier, 2018. "The Big Five Personality Of The Sme Manager And Their Company’S Performance," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 23(04), pages 1-23, December.
    • Handle: RePEc:wsi:jdexxx:v:23:y:2018:i:04:n:s1084946718500218
    DOI: 10.1142/S1084946718500218
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    Cited by:

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    2. Zheng, Xiaotian & Zhou, Youcheng & Iqbal, Sajid, 2022. "Working capital management of SMEs in COVID-19: role of managerial personality traits and overconfidence behavior," Economic Analysis and Policy, Elsevier, vol. 76(C), pages 439-451.
    3. Thanh Ngo & Tu DQ Le & Dat T Nguyen & Tin H Ho, 2023. "Determinants Of Bank Performance: Revisiting The Role Of Ceo’S Personality Traits Using Graphology," Bulletin of Monetary Economics and Banking, Bank Indonesia, vol. 26(2), pages 289-310, May.

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