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Influence of entrepreneurs' personality and personal characteristics on new venture performance: A fuzzy-set qualitative comparative analysis

Entrepreneurs’ personality and personal characteristics are both important for the success or failure of a new venture. We analyzed data from 120 entrepreneurs using fuzzy-set qualitative comparative analysis to investigate the joint effects of innovativeness, risk taking, need for achievement, educational attainment, proactiveness, and work engagement on new venture performance. Findings indicate that high performance in a new venture does not depend solely on entrepreneurs’ personality or personal characteristics but, rather, emerges from their joint effect. We identified seven configurations of new venture high performance, which will provide valuable references for both practitioners and researchers.