The influence of the personality traits and sociodemographic CEO characteristics on performance of SMEs: evidence from Chile

Correa, María Alejandra Inostroza; Espinosa, Christian

doi:10.1108/arla-08-2021-0163

Cited by 6 publications

(8 citation statements)

References 79 publications

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“…These findings should be considered valuable to the literature in at least three respects. First, we analyze the relationship between CEO gender and SME performance in the context of an emerging economy in Latin America (Espinosa-Méndez and Inostroza Correa, 2022; Inostroza and Espinosa-Méndez, 2022) in contrast to papers investigating North America, Europe and Asia. SMEs in developed and emerging economies differ in important respects (Cubillo, 1997) and, though literature on this subject is growing (Ndiaye et al.…”

Section: Discussionmentioning

confidence: 99%

“…The sample consisted of 185 Chilean SMEs, with data collected for the year 2017, employing an original database created by one of the authors (Espinosa-Méndez and Inostroza Correa, 2022; Inostroza and Espinosa-Méndez, 2022). The CEO was administered a survey to collect information on both the company (including accounting information) and their personal sociodemographic characteristics, personality traits and decision-making styles.…”

Section: Data Variables and Methodsmentioning

confidence: 99%

“…, 2004). Although personality traits in the context of Chilean SMEs have been previously found to be very weakly related to SME performance (Inostroza and Espinosa-Méndez, 2022), we considered it preferable to include additional attitude-related variables as control measures. Table 1 shows descriptive data for the variables used in this study.…”

Section: Data Variables and Methodsmentioning

confidence: 99%

“…In addition, we controlled for CEO personality traits, measured through the use of the 60-item NEO FFI Revised Personality Inventory (Costa and McCrae, 1992) which has proven to be an efficient, reliable and factorially valid measure for research on Spanish-speaking individuals (Manga et al, 2004). Although personality traits in the context of Chilean SMEs have been previously found to be very weakly related to SME performance (Inostroza and Espinosa-M endez, 2022), we considered it preferable to include additional attitude-related variables as control measures. Table 1 shows descriptive data for the variables used in this study.…”

Section: Control Variablesmentioning

confidence: 99%

See 3 more Smart Citations

Gender and decision-making styles in male and female managers of Chilean SMEs

Inostroza,

Sepúlveda Velásquez,

Ortúzar

2023

ARLA

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PurposeThis article aims to analyze how gender and decision-making styles of Chief Executive Officers (CEOs) of Small and Medium Enterprises (SMEs) impact the financial performance of the firms they manage.Design/methodology/approachData were obtained for 2017 for 185 SMEs in Chile, an emerging economy, including firm information, CEO's sociodemographic characteristics and CEOs' decision-making styles. Generalized Least Squares (GLS) models were estimated to explain the influence of gender and decision-making styles on firm performance, controlling for a series of covariates. To test whether gender moderates the effect of decision-making styles on firm performance, interaction terms were included. Furthermore, models were subject to several robustness procedures, with no significant differences in results.FindingsThe authors find evidence of significant relationships for both gender and the avoidant style. Likewise, the authors find evidence of interaction effects between gender and decision-making styles, particularly between gender and the dependent style.Originality/valueFindings contribute to prior research by analyzing the relationship between CEO gender and SME performance in the context of a Latin American emerging economy; by providing evidence of the impact of decision-making styles on the financial performance of SMEs; and by examining how a specific decision-making style, namely the dependent style, operates differently according to CEO gender, shedding some light on its ambiguous character as described by prior research. For policymakers and authorities, findings indicate the importance of incorporating women to SMEs and supporting their way towards higher management.

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Section: Discussionmentioning

confidence: 99%

Section: Data Variables and Methodsmentioning

confidence: 99%

Section: Data Variables and Methodsmentioning

confidence: 99%

Section: Control Variablesmentioning

confidence: 99%

See 2 more Smart Citations

Gender and decision-making styles in male and female managers of Chilean SMEs

Inostroza,

Sepúlveda Velásquez,

Ortúzar

2023

ARLA

Self Cite

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“…Leadership, OC and organizational performance (OP) are mature concepts in the literature (Ahmad et al, 2022). However, findings on SME contexts still need to be generalizable or enriched in a Latin American environment (Inostroza and Espinosa-M endez, 2022;Norena-Chavez and Romani Torres, 2024) since some recent studies published in relevant journals that analyzed the three variables interaction came from African or Asian developing countries (Nxele and Hoque, 2022;Phuc Nguyen et al, 2023;Sakulkijkarn and Khanthong, 2022;Zafar and Mehmood, 2019).…”

Section: Literature Reviewmentioning

confidence: 99%

The mediating role of organizational culture between transformational leadership and organizational performance in SMEs

Peña,

Caruajulca

2024

ARLA

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PurposeConsidering the entrepreneurship nature and the high number of small and medium enterprises (SMEs) in the Latin American region, this study seeks to empirically test the relationship between organizational culture (OC), transformational leadership (TF) and organizational performance (OP) to support their long-term survival.Design/methodology/approachUnder a post-positivism paradigm, quantitative approach and correlational scope, this research analyzed the interrelationship between OC, TF and OP across Peruvian SMEs. Confirmatory factor analysis (CFA) and structural equation modeling (SEM) were used to test the hypotheses based on the responses of 276 SMEs’ top executives from the commerce, services, manufacturing, construction and agriculture industries.FindingsOC fully mediates the relationship between TL and OP. Although TF solely does not drive OP, the mediating effect of OC is crucial for SMEs’ long-term survival, especially considering their contribution to employment, poverty reduction and GDP in developing countries. Entrepreneurial transformational leaders inspire their followers to achieve goals, strive to develop individual skills, transmit confidence and leave aside their own interests to focus on the common goal of growing their entrepreneurship competitively.Originality/valueThe three variables under analysis have been applied to large companies and SMEs. However, this research enriches previous findings, highlighting the necessity for an adequate OC derived from an entrepreneur with TL, contributing to the survival of SMEs, whose results are critical for developing countries’ economies.

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Gender diversity in management and corporate financial performance: A systematic literature review

Gaio,

Lucas,

Junior

et al. 2024

Corp Soc Responsibility Env

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With many studies on the participation of women in management positions, a systematic review of gender diversity and its impact on the financial performance of companies over the last 20 years is in demand. To this end, we conducted a literature review of 370 articles, 359 of which were empirical studies published in the most relevant journals of Finance and Business Administration. As a result of the analysis, the characteristics of the research, the main authors, the journals, the theories used, and the relationships between variables were identified. The results show that most research points to evidence of a positive relationship between female participation and financial performance under different aspects (e.g., return, risk, cost of capital, fraud, etc.). This study contributes to the academic debate on the relationship between gender diversity and firm performance. In addition to this review, we outline a theoretical framework and present future research agendas.

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The influence of the personality traits and sociodemographic CEO characteristics on performance of SMEs: evidence from Chile

Cited by 6 publications

References 79 publications

Gender and decision-making styles in male and female managers of Chilean SMEs

Gender and decision-making styles in male and female managers of Chilean SMEs

The mediating role of organizational culture between transformational leadership and organizational performance in SMEs

Gender diversity in management and corporate financial performance: A systematic literature review

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