Creative Entrepreneurs’ Well-Being, Opportunity Recognition and Absorptive Capacity: Self-Determination Theory Perspective

Chen Ming-Huei (), Tseng Min () and Teng Min-Jun ()
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Chen Ming-Huei: Asia University, Department of Business Administration, 500 Lioufeng Rd., Wufeng Dist., Taichung City 41354, Taiwan
Tseng Min: National Chung Hsing University, Graduate Institute of Technology Management, 145 Xingda Rd., Taichung 402, Taiwan
Teng Min-Jun: National Tsing Hua University, Institute of Technology Management, 101, Section 2, Kuang-Fu Road, Hsinchu 300, Taiwan

Entrepreneurship Research Journal, 2020, vol. 10, issue 1, 15

Abstract: Recognizing the right opportunities is a key capability in the entrepreneurial process, and creative entrepreneurs’ well-being at work can strengthen their inherent motivation to absorb external knowledge for desirable outcomes. Well-being at work is pleasant judgments of positive attitudes or pleasant experiences, but previous research mainly regarded well-being as an outcome variable. Therefore, this study considers the role of well-being as a mediator conceptualized in physical, psychological, and social well-being dimensions in the opportunity recognition process. Based upon the self-determination theory, this study examines how creative entrepreneurs’ motivation, including creative thinking, self-efficacy, and relatedness, influences their well-being and further affects opportunity recognition. Results from a sample of 234 creative entrepreneurs in Taiwan show that well-being positively mediates the effect of relatedness on opportunity recognition capabilities and absorptive capacity. Moreover, creative thinking and self-efficacy are associated with relatedness, and further with well-being. The key findings suggest that well-being plays a critical role to stimulate motivation for further capability building. This study extends the self-determination theory by linking entrepreneurial motivation with well-being in the entrepreneurial opportunity seeking process.

Keywords: creative entrepreneur; well-being; self-determination theory; opportunity recognition; absorptive capacity (search for similar items in EconPapers)
Date: 2020
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DOI: 10.1515/erj-2018-0171

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