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What Are the Recipes of an Entrepreneur’s Subjective Well-Being? A Fuzzy-Set Approach for China

Zihan Yang, Xu Cai, Yujia Jiang, Guobiao Li, Guojing Zhao (), Peng Wang () and Zhaoxin Huang ()
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Zihan Yang: College of Innovation and Entrepreneurship Education, Wenzhou Medical University, Wenzhou 325035, China
Xu Cai: College of Innovation and Entrepreneurship Education, Wenzhou Medical University, Wenzhou 325035, China
Yujia Jiang: College of Innovation and Entrepreneurship Education, Wenzhou Medical University, Wenzhou 325035, China
Guobiao Li: College of Innovation and Entrepreneurship Education, Wenzhou Medical University, Wenzhou 325035, China
Guojing Zhao: College of Innovation and Entrepreneurship Education, Wenzhou Medical University, Wenzhou 325035, China
Peng Wang: College of Politics and Public Administration, Shandong Youth University of Political Science, Jinan 250103, China
Zhaoxin Huang: College of Innovation and Entrepreneurship Education, Wenzhou Medical University, Wenzhou 325035, China

IJERPH, 2022, vol. 20, issue 1, 1-19

Abstract: Entrepreneurs face more pressure and challenges than ordinary workers, which has a serious impact on their physical and mental health. Therefore, the research focus has gradually shifted from objective indicators of entrepreneurial performance to exploration of entrepreneurs’ subjective well-being. However, previous studies were often limited to a net effect analysis of a single dimension under symmetric thinking in quantitative research. Therefore, this study uses fuzzy-set qualitative comparative analysis (fsQCA) to analyze the configuration path of entrepreneurs’ physical and mental health at the individual level, social capital at the collective level, and subjective well-being from the perspective of configuration. The sample was of 279 effective entrepreneurs from the 2017 China General Social Survey (CGSS). Four types of entrepreneurs were found to improve their high well-being profiles: optimistic efficiency-driven, trust efficiency-driven, strong psychology-driven, and weak relationship-driven. Research shows that the interaction between physical and mental health and social capital jointly affects the subjective well-being of entrepreneurs. The research findings reinforce the need for attention to the physical and mental health of entrepreneurs, which are conducive to their active participation in social life. Additionally, establishing weak relationship-oriented interpersonal networks and accumulating social resources to further achieve higher subjective well-being is required.

Keywords: entrepreneurs; subjective well-being; physical and mental health; social capital; FsQCA (search for similar items in EconPapers)
JEL-codes: I I1 I3 Q Q5 (search for similar items in EconPapers)
Date: 2022
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