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Banking and Conservatisms that should be Abandoned

Author

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  • Uscumlic, Milenko
  • Petkovic, Goran S.
  • Arsic-Trajkovic, Maja

Abstract

This paper examines the economic, psychological and social-behavioral theories of the banking in order to determine the characteristics of a successful entrepreneur. The major contribution of economic theories of the banking is better understanding of the entrepreneur and his/her role in economic development. The psychological characteristic theory banking argues that successful entrepreneurs possess certain personality traits that mark them out as special, and tries to determine and to evaluate these special traits. The social-behavioral theories stress the influence of experience, knowledge, social environment and ability to learn on the entrepreneur's success as well as his/her personality traits. Neither of the examined theories of entrepreneur gives a satisfactory explanation of the banking success, but taken as a whole, they can explain key factors of entrepreneur's success. The banking success comes about as a result of his/her personality traits, ability to learn from experience and ability to adjust to his/her environment.

Suggested Citation

  • Uscumlic, Milenko & Petkovic, Goran S. & Arsic-Trajkovic, Maja, 2010. "Banking and Conservatisms that should be Abandoned," Ekonomika, Journal for Economic Theory and Practice and Social Issues, Society of Economists Ekonomika, Nis, Serbia, vol. 56(1), March.
    • Handle: RePEc:ags:sereko:288578
    DOI: 10.22004/ag.econ.288578
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    Keywords

    Financial Economics;

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