The influence of leadership personality on profitability and firm investment in human capital: The case of Vietnamese SMEs

Vu Phuong Anh Do and Quang Tuyen Bui

Finance Research Letters, 2022, vol. 47, issue PA

Abstract: The current study adds to the literature by examining for the first time the impact of leadership personality on small and medium enterprises (SMEs)' profitability and employee benefits in Vietnam. This study finds that managers with more innovative, internal locus of control, and risk-loving traits are more likely to earn higher profitability and invest in human capital. The findings suggest that by providing training in business skills to owners and managers, human resource specialists may help establish the optimal setting for leadership behaviors that encourage innovation and profitability in SMEs.

Keywords: Personality; SMEs; Employee benefits; Firm profitability; Vietnam (search for similar items in EconPapers)
JEL-codes: D81 J24 L25 L26 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:47:y:2022:i:pa:s1544612322002161

DOI: 10.1016/j.frl.2022.102960

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