Access to resources and entrepreneurial well-being: A self-efficacy approach
•We examine the well-being of entrepreneurs during the new business development stage.•We employ an experimental-vignette study of 258 subjects to test a serial mediation model.•Accessibility of resources leads to entrepreneurial well-being through an entrepreneurial self-efficacy mechanism.•Increas...
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| Published in | Journal of business research Vol. 120; pp. 203 - 212 |
|---|---|
| Main Authors | , , , |
| Format | Journal Article |
| Language | English |
| Published |
Elsevier Inc
01.11.2020
Elsevier B.V |
| Subjects | |
| Online Access | Get full text |
| ISSN | 0148-2963 1873-7978 |
| DOI | 10.1016/j.jbusres.2020.08.015 |
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| Abstract | •We examine the well-being of entrepreneurs during the new business development stage.•We employ an experimental-vignette study of 258 subjects to test a serial mediation model.•Accessibility of resources leads to entrepreneurial well-being through an entrepreneurial self-efficacy mechanism.•Increased entrepreneurial well-being triggers increased persistence with startup activities.
In this study, we examine an important predictor and outcome associated with well-being for entrepreneurs: access to resources and persistence. Drawing on social-cognitive theory, we contend that access to resources helps people feel confidence in abilities to be successful entrepreneurs, resulting in greater well-being during venture development. We push the model further by hypothesizing that well-being is positively related to persistence in venture creation activities. Employing an experimental, vignette-based approach, we test the model by asking 258 subjects to consider how prospective entrepreneurs respond to varying contexts of resource accessibility (low vs. high) in terms of their self-efficacy, well-being, and persistence. Results of serial mediator regression analysis support the hypothesized model such that greater access to resources is associated with higher levels of multiple indicators of well-being such as happiness, life satisfaction, and psychological well-being through a self-efficacy mechanism. We also find that entrepreneurial persistence increases through this mechanism. |
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| AbstractList | •We examine the well-being of entrepreneurs during the new business development stage.•We employ an experimental-vignette study of 258 subjects to test a serial mediation model.•Accessibility of resources leads to entrepreneurial well-being through an entrepreneurial self-efficacy mechanism.•Increased entrepreneurial well-being triggers increased persistence with startup activities.
In this study, we examine an important predictor and outcome associated with well-being for entrepreneurs: access to resources and persistence. Drawing on social-cognitive theory, we contend that access to resources helps people feel confidence in abilities to be successful entrepreneurs, resulting in greater well-being during venture development. We push the model further by hypothesizing that well-being is positively related to persistence in venture creation activities. Employing an experimental, vignette-based approach, we test the model by asking 258 subjects to consider how prospective entrepreneurs respond to varying contexts of resource accessibility (low vs. high) in terms of their self-efficacy, well-being, and persistence. Results of serial mediator regression analysis support the hypothesized model such that greater access to resources is associated with higher levels of multiple indicators of well-being such as happiness, life satisfaction, and psychological well-being through a self-efficacy mechanism. We also find that entrepreneurial persistence increases through this mechanism. |
| Audience | Trade Academic |
| Author | Marshall, David R. Markin, Erik Meek, William R. Swab, R. Gabrielle |
| Author_xml | – sequence: 1 givenname: David R. surname: Marshall fullname: Marshall, David R. email: dmarshall1@udayton.edu organization: Department of Management and Marketing, University of Dayton, 300 College Park, Dayton, OH 45469, United States – sequence: 2 givenname: William R. surname: Meek fullname: Meek, William R. email: wmeek1@udayton.edu organization: Department of Management and Marketing, University of Dayton, 300 College Park, Dayton, OH 45469, United States – sequence: 3 givenname: R. Gabrielle surname: Swab fullname: Swab, R. Gabrielle email: rswab@towson.edu organization: Department of Management, Towson University, 8000 York Rd, Towson, MD 21252, United States – sequence: 4 givenname: Erik surname: Markin fullname: Markin, Erik email: erik.markin@msstate.edu organization: Department of Management, Mississippi State University, 114 McCool Hall, MS, 39762, United States |
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| Keywords | Well-being Entrepreneurial persistence Entrepreneurship Self-efficacy |
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