Personality traits and business environment for entrepreneurial motivation

The influences of personality traits and business barriers on entrepreneurial behaviour have been studied by numerous researchers. However, the mechanisms by which changes in institutional contexts and personality traits affect individuals' entrepreneurial motivation have not received enough at...

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Published inAdministrative sciences Vol. 12; no. 4; pp. 1 - 18
Main Authors Zarnadze, Giorgi, Dika, Ines, Çera, Gentjan, Ribeiro, Humberto Nuno Rito
Format Journal Article
LanguageEnglish
Published Basel MDPI 01.12.2022
MDPI AG
Subjects
business barriers
Czechia
Efficiency
entrepreneurial motivation
Entrepreneurs
Entrepreneurship
Environmental conditions
Hungary
Infrastructure
Literature reviews
Motivation
Personality
Personality traits
Serbia
Startups
Czech Republic
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Summary:The influences of personality traits and business barriers on entrepreneurial behaviour have been studied by numerous researchers. However, the mechanisms by which changes in institutional contexts and personality traits affect individuals' entrepreneurial motivation have not received enough attention from researchers. This paper aims to fill this gap in the literature by examining the joint effects of personality traits and business barriers on one's motivation to engage in entrepreneurial activity. A structured questionnaire was developed to capture the above linkages. To measure the latent variables, factor and reliability analyses were utilised. To examine the relationships, a regression analysis was performed on a unique dataset of respondents from three counties: Czechia, Hungary, and Serbia. The results show that personality traits positively influence motivation towards entrepreneurship. Furthermore, external barriers (ecological and technological issues), and infrastructure factors positively affect entrepreneurial motivation. From an academic viewpoint, personality traits and motivation to engage in entrepreneurial activity can be nourished by education, highlighting the role of universities in this regard. Our paper's findings should trigger the interest of policymakers who aim to introduce new instruments or change the existing ones (designing policies) to boost entrepreneurship.
ISSN:2076-3387
2076-3387
DOI:10.3390/admsci12040176