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Access to resources and entrepreneurial well-being: A self-efficacy approach

David R. Marshall, William R. Meek, R. Gabrielle Swab and Erik Markin

Journal of Business Research, 2020, vol. 120, issue C, 203-212

Abstract: 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.

Keywords: Entrepreneurship; Self-efficacy; Well-being; Entrepreneurial persistence (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jbrese:v:120:y:2020:i:c:p:203-212

DOI: 10.1016/j.jbusres.2020.08.015

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