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RICH with well-being: An entrepreneurial mindset for thriving in early-stage entrepreneurship

Stephen E. Lanivich, Andrew Bennett, Stacey R. Kessler, Nancy McIntyre and Adam W. Smith

Journal of Business Research, 2021, vol. 124, issue C, 571-580

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.

Keywords: Autonomy; Financial well-being; Job satisfaction; Job security; Resource-induced coping heuristic; Self-determination theory (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jbrese:v:124:y:2021:i:c:p:571-580

DOI: 10.1016/j.jbusres.2020.10.036

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