An investigation by the University of Coimbra found that psychological characteristics of managers of Portuguese small and medium-sized enterprises have a significant impact on the financial decisions of these companies. The study analyzed the relationship between personality traits and financial management policies.
The researchers concluded that the concept of 'mindfulness' - full awareness - directly influences liquidity and debt policies in SMEs. Managers with higher levels of mindfulness tend to make more balanced and thoughtful financial decisions.
The study involved the analysis of managers of small and medium-sized enterprises in Portugal, establishing a link between mental health and business financial behavior. This research emerges in the context of the growing importance of SMEs for the Portuguese economy.
The results suggest that training in psychological skills can improve companies' financial management, potentially reducing risks of excessive debt and treasury problems in national small and medium-sized enterprises.
