Should I stay or should I go? The impact of entrepreneurs’ loneliness on business exit intentions through entrepreneurial passion

Fei Zhu, Wei Yu, Shea X. Fan and Jason Gabriel Jonathan

Journal of Business Venturing Insights, 2023, vol. 19, issue C

Abstract: Loneliness is a serious source of suffering for entrepreneurs. Although the negative impact of loneliness on entrepreneurs' well-being has been studied, the mechanism through which loneliness affects entrepreneurial outcomes is less known. In this research, instead of examining the negative consequences of loneliness as related to well-being, we focus on its impact on entrepreneurs' business exit intentions. In particular, we identify entrepreneurial passion as one mediating mechanism through which entrepreneurs' loneliness influences business exit intentions. One time-lagged survey using a sample of entrepreneurs from the United Kingdom and an additional survey using a sample of Indonesian entrepreneurs show that high levels of entrepreneurs' loneliness increase their business exit intentions through reducing entrepreneurial passion. Our findings advance research on entrepreneurs' loneliness by identifying a new mechanism and extending its impact from entrepreneurs’ well-being-related outcomes to a business-related outcome.

Keywords: Entrepreneurs' loneliness; Entrepreneurial passion; Business exit; Self-regulation theory (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jobuve:v:19:y:2023:i:c:s235267342200066x

DOI: 10.1016/j.jbvi.2022.e00368

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