RICH with well-being: An entrepreneurial mindset for thriving in early-stage entrepreneurship
Department
Michael A. Leven School of Management, Entrepreneurship and Hospitality
Document Type
Article
Publication Date
1-1-2021
Abstract
Entrepreneurs enjoy high well-being, yet they report factors that typically reduce well-being. We examined well-being of early-stage entrepreneurs across two studies. Using self-determination theory (SDT), we theorize that entrepreneurs’ autonomy, job security, and resource-induced coping heuristic (RICH) have direct and interacting effects that shape their environment toward enhancing well-being. Results largely support our hypotheses. Interaction effects highlight that entrepreneurial well-being environments are conditional on the interplay of SDT-related factors. Three-way interactions showed the RICH buffered negative effects of low autonomy and job security on job satisfaction and financial well-being.
Journal Title
Journal of Business Research
Journal ISSN
01482963
Volume
124
First Page
571
Last Page
580
Digital Object Identifier (DOI)
10.1016/j.jbusres.2020.10.036