A study of individual and market level factors to estimate key determinants of financial success among solopreneurs

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F25%3A43927618" target="_blank" >RIV/62156489:43110/25:43927618 - isvavai.cz</a>

Výsledek na webu

<a href="https://doi.org/10.1038/s41598-025-21807-8" target="_blank" >https://doi.org/10.1038/s41598-025-21807-8</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1038/s41598-025-21807-8" target="_blank" >10.1038/s41598-025-21807-8</a>

Jazyk výsledku

angličtina

Název v původním jazyce

A study of individual and market level factors to estimate key determinants of financial success among solopreneurs

Popis výsledku v původním jazyce

This study investigates how personality traits, age, risk propensity, and structural factors influence the long-term financial success of solopreneurs, defined as solo-founded ventures typically characterized by the absence of a dedicated workforce during the early years of operation. Using data from 4,470 solo-founded ventures in the German Institute for Employment Research/Centre for European Economic Research start-up panel, we model sustained profitability over the first 7 years as a binary outcome and test seven hypotheses grounded in trait, decision-making, and resource-based theories. The regression results show that two psychological traits - Openness and Conscientiousness - significantly increase the likelihood of long-term profitability (odds ratio OR = 1.616; OR = 1.279). Preference for low-risk projects (OR = 1.607) and being age LESS-THAN OR EQUAL TO 50 years (OR = 2.126) further enhance success odds. Conversely, general risk attitude, gender, sector affiliation, and research and development involvement show no significant effects. The results challenge assumptions about sectoral or innovation-based advantages and emphasize the significance of psychological variables in solopreneurship. This study contributes to a multidimensional understanding of entrepreneurial success and supports the development of evidence-based support strategies tailored to individual trait-context combinations.

Název v anglickém jazyce

A study of individual and market level factors to estimate key determinants of financial success among solopreneurs

Popis výsledku anglicky

This study investigates how personality traits, age, risk propensity, and structural factors influence the long-term financial success of solopreneurs, defined as solo-founded ventures typically characterized by the absence of a dedicated workforce during the early years of operation. Using data from 4,470 solo-founded ventures in the German Institute for Employment Research/Centre for European Economic Research start-up panel, we model sustained profitability over the first 7 years as a binary outcome and test seven hypotheses grounded in trait, decision-making, and resource-based theories. The regression results show that two psychological traits - Openness and Conscientiousness - significantly increase the likelihood of long-term profitability (odds ratio OR = 1.616; OR = 1.279). Preference for low-risk projects (OR = 1.607) and being age LESS-THAN OR EQUAL TO 50 years (OR = 2.126) further enhance success odds. Conversely, general risk attitude, gender, sector affiliation, and research and development involvement show no significant effects. The results challenge assumptions about sectoral or innovation-based advantages and emphasize the significance of psychological variables in solopreneurship. This study contributes to a multidimensional understanding of entrepreneurial success and supports the development of evidence-based support strategies tailored to individual trait-context combinations.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50103 - Cognitive sciences

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2025

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Scientific Reports

ISSN

2045-2322

e-ISSN

2045-2322

Svazek periodika

15

Číslo periodika v rámci svazku

27 October

Stát vydavatele periodika

GB - Spojené království Velké Británie a Severního Irska

Počet stran výsledku

16

Strana od-do

37340

Kód UT WoS článku

001603740100008

EID výsledku v databázi Scopus

2-s2.0-105019983845