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| Type | Working Paper |
| Scope | Discipline-based scholarship |
| Title | Born to create and lead? The role of cognitive skills and personality traits for entrepreneurship and management |
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| Authors |
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| Language |
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| Institution | University of Zurich |
| Series Name | URPP Equality of Opportunity Discussion Paper Series |
| Number | 39 |
| Number of Pages | 30 |
| Date | 2023 |
| Abstract Text | Founders exert large influence over their business ventures. Their cognitive skills and personality could explain management decisions and firm performance. Existing research suggests that while founders are selected on highly remunerated human capital, they often perform poorly in managing companies. There is little evidence for the mechanism behind this pattern. We investigate the role of cognitive and personality traits in determining who becomes an entrepreneur and how they manage their companies. We test for the presence of conflicting traits that both drive selection into founding and hinder managerial performance. Using comprehensive longitudinal data from Finnish administrative records combined with unique military data on cognitive skills and personality scores covering 80% of the male population, we first document how entrepreneurs stand out as intelligent and extroverted risk-takers. We confirm these findings in an event study on easing of financial constraints. Furthermore, we explore the descriptive and causal relationships between owner disposition and HR policy. This project has the potential to broaden our understanding of entrepreneurship dynamics and can inform the design of policies to encourage entrepreneurship. |
| Official URL | https://www.urpp-equality.uzh.ch/dam/jcr:0669aaf7-ce89-4596-8eb1-5165da552ee3/39_Born%20to%20Create%20and%20Lead%20The%20Role%20of%20Cognitive%20Skills%20and%20Personality%20Traits%20for%20Entrepreneurship%20and%20Management.pdf |
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| Other Identification Number | merlin-id:24415 |
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