The mediating impact of personality traits on entrepreneurial intention of women in Northern Montenegro

Abstract

Entrepreneurs are imperative for the long-term economic growth of any country. By taking different factors in considerations, researchers are trying to discover how important entrepreneurial intention is. This paper examines the three most important groups of factors affecting entrepreneurial intention of women in the north region of Montenegro. The study uses path analysis to understand the impact of personal background, personality traits, and environmental factors on entrepreneurial intention of women. According to the framework of the study, personal background and environmental factors have an impact on entrepreneurial intention of women through personality traits. The relationships between variables were evaluated using factor analysis, reliability, descriptive statistics, correlations, and regression in this study. The research is based on a sample of 202 women in Northern Montenegro. The study demonstrates that personality traits have a mediating influence between business experience, family support, government support, entry barriers to business, and entrepreneurial intention of women.