Personality and Motives for Self-Employment
Abstract: Introduction: Personality is one of the dominant intrinsic determinants in understanding human behavior, including the economic actors. Although considerable research has examined the typical characteristics of entrepreneurs, scholars have mostly neglected the binary motives for self-emplo...
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| Format: | Article |
| Language: | English |
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Hogrefe Publishing Group
2024-12-01
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| Series: | European Journal of Psychology Open |
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| Online Access: | https://econtent.hogrefe.com/doi/10.1024/2673-8627/a000065 |
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| author | Abu H. Ayob Hazrul Izuan Shahiri Hamizah Abd Hamid Wan Kamal Mujani |
| author_facet | Abu H. Ayob Hazrul Izuan Shahiri Hamizah Abd Hamid Wan Kamal Mujani |
| author_sort | Abu H. Ayob |
| collection | DOAJ |
| description | Abstract: Introduction: Personality is one of the dominant intrinsic determinants in understanding human behavior, including the economic actors. Although considerable research has examined the typical characteristics of entrepreneurs, scholars have mostly neglected the binary motives for self-employment. This research examines the relationship between the Big Five personality traits and opportunity-versus-necessity entrepreneurship. In particular, we study how Openness to Experience, Conscientiousness, Extroversion, Agreeableness, and Neuroticism are related to the propensity for being opportunity (creative) entrepreneurs as opposed to necessity (routine) entrepreneurs. Methods: This study employed probit regression to examine the relationship between the Big Five personality traits and opportunity versus necessity entrepreneurship. Specifically, we test the hypotheses using World Values Survey Wave 6 data among 3,859 individuals in 20 countries. Results: After controlling for other demographic and institutional factors, we found that opportunity entrepreneurs are more open but less conscientious and less agreeable than necessity entrepreneurs. Conclusion: From this, we learn that entrepreneurs’ personalities are heterogeneous based on their motive for self-employment. |
| format | Article |
| id | doaj-art-c1f7fa3750a04bcc8231b3a6ed87be1c |
| institution | Kabale University |
| issn | 2673-8627 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Hogrefe Publishing Group |
| record_format | Article |
| series | European Journal of Psychology Open |
| spelling | doaj-art-c1f7fa3750a04bcc8231b3a6ed87be1c2025-01-09T13:30:23ZengHogrefe Publishing GroupEuropean Journal of Psychology Open2673-86272024-12-0183416117210.1024/2673-8627/a000065Personality and Motives for Self-EmploymentAbu H. Ayob0Hazrul Izuan Shahiri1Hamizah Abd Hamid2Wan Kamal Mujani3Faculty of Economics and Management, National University of Malaysia, Bangi, Selangor, MalaysiaFaculty of Economics and Management, National University of Malaysia, Bangi, Selangor, MalaysiaFaculty of Economics and Management, National University of Malaysia, Bangi, Selangor, MalaysiaFaculty of Islamic Studies, National University of Malaysia, Bangi, Selangor, MalaysiaAbstract: Introduction: Personality is one of the dominant intrinsic determinants in understanding human behavior, including the economic actors. Although considerable research has examined the typical characteristics of entrepreneurs, scholars have mostly neglected the binary motives for self-employment. This research examines the relationship between the Big Five personality traits and opportunity-versus-necessity entrepreneurship. In particular, we study how Openness to Experience, Conscientiousness, Extroversion, Agreeableness, and Neuroticism are related to the propensity for being opportunity (creative) entrepreneurs as opposed to necessity (routine) entrepreneurs. Methods: This study employed probit regression to examine the relationship between the Big Five personality traits and opportunity versus necessity entrepreneurship. Specifically, we test the hypotheses using World Values Survey Wave 6 data among 3,859 individuals in 20 countries. Results: After controlling for other demographic and institutional factors, we found that opportunity entrepreneurs are more open but less conscientious and less agreeable than necessity entrepreneurs. Conclusion: From this, we learn that entrepreneurs’ personalities are heterogeneous based on their motive for self-employment.https://econtent.hogrefe.com/doi/10.1024/2673-8627/a000065Big Five personalitypersonalityself-employmentnecessity entrepreneurshipopportunity entrepreneurship |
| spellingShingle | Abu H. Ayob Hazrul Izuan Shahiri Hamizah Abd Hamid Wan Kamal Mujani Personality and Motives for Self-Employment European Journal of Psychology Open Big Five personality personality self-employment necessity entrepreneurship opportunity entrepreneurship |
| title | Personality and Motives for Self-Employment |
| title_full | Personality and Motives for Self-Employment |
| title_fullStr | Personality and Motives for Self-Employment |
| title_full_unstemmed | Personality and Motives for Self-Employment |
| title_short | Personality and Motives for Self-Employment |
| title_sort | personality and motives for self employment |
| topic | Big Five personality personality self-employment necessity entrepreneurship opportunity entrepreneurship |
| url | https://econtent.hogrefe.com/doi/10.1024/2673-8627/a000065 |
| work_keys_str_mv | AT abuhayob personalityandmotivesforselfemployment AT hazrulizuanshahiri personalityandmotivesforselfemployment AT hamizahabdhamid personalityandmotivesforselfemployment AT wankamalmujani personalityandmotivesforselfemployment |