The influence of CEO personality traits on firm performance and growth
Autor(a) principal: | |
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Data de Publicação: | 2022 |
Tipo de documento: | Dissertação |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10400.14/41052 |
Resumo: | Small and Medium-sized Enterprises constitute the backbone of the Portuguese economy, being of invaluable importance. These companies are the focus of my study, which aims to assess the impact of CEO personality on firm performance and growth. To achieve this, a survey-based approach was followed to measure the influence of the big five personality traits (conscientiousness, neuroticism, openness to experience, extraversion and agreeableness) of a sample of recruited CEOs, on several performance metrics. Results showed that neuroticism is the only CEO personality trait significantly correlated with firm performance (on an inverse basis), while both neuroticism and conscientiousness show significant influence on company growth. Neither of the other traits are related to performance nor growth. It is worth mentioning that his dissertation was significantly influenced by Covid-19, which affected the performances of most companies in question, and by the process of collecting CEO responses, which was of extreme difficulty and led to a low response count. This study contributes to further create knowledge in an underdeveloped area, one that has extreme importance as it has been proven that CEO personality affects company performance, meaning that it has to be considered when companies choose their leaders. As CEO effects have been studied in detail in the academic literature, most papers have focused on their influence in firm strategy, employee motivation, leadership, culture setting, among others. However, personality, by affecting the way CEOs think, feel and act, should be more and more assessed to account for the effects it has on performance. |
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The influence of CEO personality traits on firm performance and growthSMECEOBig five personality traitsFirm performanceFirm growthPequenas e médias empresasCinco grandes fatores da personalidadeDesempenho empresarialEvolução da performance empresarialDomínio/Área Científica::Ciências Sociais::Economia e GestãoSmall and Medium-sized Enterprises constitute the backbone of the Portuguese economy, being of invaluable importance. These companies are the focus of my study, which aims to assess the impact of CEO personality on firm performance and growth. To achieve this, a survey-based approach was followed to measure the influence of the big five personality traits (conscientiousness, neuroticism, openness to experience, extraversion and agreeableness) of a sample of recruited CEOs, on several performance metrics. Results showed that neuroticism is the only CEO personality trait significantly correlated with firm performance (on an inverse basis), while both neuroticism and conscientiousness show significant influence on company growth. Neither of the other traits are related to performance nor growth. It is worth mentioning that his dissertation was significantly influenced by Covid-19, which affected the performances of most companies in question, and by the process of collecting CEO responses, which was of extreme difficulty and led to a low response count. This study contributes to further create knowledge in an underdeveloped area, one that has extreme importance as it has been proven that CEO personality affects company performance, meaning that it has to be considered when companies choose their leaders. As CEO effects have been studied in detail in the academic literature, most papers have focused on their influence in firm strategy, employee motivation, leadership, culture setting, among others. However, personality, by affecting the way CEOs think, feel and act, should be more and more assessed to account for the effects it has on performance.As Pequenas e Médias Empresas constituem o principal suporte da economia portuguesa, sendo dotadas de uma importância incomensurável. Estas empresas são o foco do meu estudo, cujo propósito é analisar o impacto da personalidade dos CEOs no desempenho e evolução da performance empresarial. Com este objetivo em mente, realizei uma abordagem baseada num questionário, por mim desenvolvido, que serviu para medir o impacto dos Cinco Grandes Fatores da Personalidade (amabilidade, conscienciosidade, neuroticismo, abertura à experiência e extroversão) de uma amostra de CEOs, em várias métricas de desempenho. Os resultados mostram que o neuroticismo é o único fator de personalidade dos CEOs que correlaciona com o desempenho empresarial, embora inversamente, enquanto ambos neuroticismo e conscienciosidade impactam significativamente a melhoria da performance ao longo do tempo. Nenhum outro fator foi considerado significativo. De salientar que esta dissertação foi bastante influenciada pelo Covid-19, que afetou as empresas em análise e trouxe bastante incerteza, assim como por um reduzido número de respostas de CEOs, que, de salientar, são de bastante difícil contacto. Este estudo contribui para a contínua criação de conhecimento numa área subdesenvolvida que, por influenciar contratações de líderes empresariais e estar relacionada com o desempenho empresarial, é bastante importante. Apesar do estudo de CEOs ser um tópico bastante desenvolvido na academia, a maior parte dos estudos foca-se em áreas que não a personalidade - estratégia, motivação, liderança, cultura, entre outros. Ao influenciar a maneira de pensar, sentir e agir e ao influenciar a performance, a personalidade devia ser mais utilizada nestes estudos.Mendonça, CristinaVeritati - Repositório Institucional da Universidade Católica PortuguesaMalafaia, Joaquim Luís Simões2023-05-08T08:32:39Z2022-10-262022-092022-10-26T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10400.14/41052TID:203133854enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-07-12T17:46:38Zoai:repositorio.ucp.pt:10400.14/41052Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T18:33:44.159574Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
The influence of CEO personality traits on firm performance and growth |
title |
The influence of CEO personality traits on firm performance and growth |
spellingShingle |
The influence of CEO personality traits on firm performance and growth Malafaia, Joaquim Luís Simões SME CEO Big five personality traits Firm performance Firm growth Pequenas e médias empresas Cinco grandes fatores da personalidade Desempenho empresarial Evolução da performance empresarial Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
title_short |
The influence of CEO personality traits on firm performance and growth |
title_full |
The influence of CEO personality traits on firm performance and growth |
title_fullStr |
The influence of CEO personality traits on firm performance and growth |
title_full_unstemmed |
The influence of CEO personality traits on firm performance and growth |
title_sort |
The influence of CEO personality traits on firm performance and growth |
author |
Malafaia, Joaquim Luís Simões |
author_facet |
Malafaia, Joaquim Luís Simões |
author_role |
author |
dc.contributor.none.fl_str_mv |
Mendonça, Cristina Veritati - Repositório Institucional da Universidade Católica Portuguesa |
dc.contributor.author.fl_str_mv |
Malafaia, Joaquim Luís Simões |
dc.subject.por.fl_str_mv |
SME CEO Big five personality traits Firm performance Firm growth Pequenas e médias empresas Cinco grandes fatores da personalidade Desempenho empresarial Evolução da performance empresarial Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
topic |
SME CEO Big five personality traits Firm performance Firm growth Pequenas e médias empresas Cinco grandes fatores da personalidade Desempenho empresarial Evolução da performance empresarial Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
description |
Small and Medium-sized Enterprises constitute the backbone of the Portuguese economy, being of invaluable importance. These companies are the focus of my study, which aims to assess the impact of CEO personality on firm performance and growth. To achieve this, a survey-based approach was followed to measure the influence of the big five personality traits (conscientiousness, neuroticism, openness to experience, extraversion and agreeableness) of a sample of recruited CEOs, on several performance metrics. Results showed that neuroticism is the only CEO personality trait significantly correlated with firm performance (on an inverse basis), while both neuroticism and conscientiousness show significant influence on company growth. Neither of the other traits are related to performance nor growth. It is worth mentioning that his dissertation was significantly influenced by Covid-19, which affected the performances of most companies in question, and by the process of collecting CEO responses, which was of extreme difficulty and led to a low response count. This study contributes to further create knowledge in an underdeveloped area, one that has extreme importance as it has been proven that CEO personality affects company performance, meaning that it has to be considered when companies choose their leaders. As CEO effects have been studied in detail in the academic literature, most papers have focused on their influence in firm strategy, employee motivation, leadership, culture setting, among others. However, personality, by affecting the way CEOs think, feel and act, should be more and more assessed to account for the effects it has on performance. |
publishDate |
2022 |
dc.date.none.fl_str_mv |
2022-10-26 2022-09 2022-10-26T00:00:00Z 2023-05-08T08:32:39Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/masterThesis |
format |
masterThesis |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10400.14/41052 TID:203133854 |
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http://hdl.handle.net/10400.14/41052 |
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TID:203133854 |
dc.language.iso.fl_str_mv |
eng |
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eng |
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info:eu-repo/semantics/openAccess |
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openAccess |
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application/pdf |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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