Personality Traits as Predictors to Entrepreneurial Self-Efficacy with Gender and Family Background as Moderators

Abstract

A model of personality traits toward entrepreneurial self-efficacy were assessed with personality traits as the independent variable, gender and family background of the entrepreneurs as moderators and entrepreneurial self-efficacy as the dependent variable. Survey questionnaires were distributed to entrepreneurs through Google Form (n=150) and collected by interview (n=150) of which 215 were returned, and 188 of these were valid. The responses were analysed using SmartPLS 2.0 to build the causal model. The results indicated that personality traits of openness, relational, and decisive significantly predicted entrepreneurial self-efficacy. Secondly, gender of entrepreneurs significantly moderated the relationship between personality traits of neutral and entrepreneurial self-efficacy. Lastly, the family background of entrepreneurs significantly moderated the relationship between personality trait of analytical and entrepreneurial self-efficacy. Future research framework might be expanded to include entrepreneurial intention, entrepreneurs’ education specialization, financial background and support from parents.