Well-Being and Entrepreneurship Intention: An Empirical Study of New Perspectives

Nicolás Contreras-Barraza, Eduardo Acuña-Duran, Juan Carlos Oyanedel, Guido Salazar-Sepúlveda, Alejandro Vega-Muñoz and Antonio Ariza-Montes
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Nicolás Contreras-Barraza: Facultad de Economía y Negocios, Universidad Andres Bello, Viña del Mar 2531015, Chile
Eduardo Acuña-Duran: Facultad de Economía y Negocios, Universidad Andres Bello, Viña del Mar 2531015, Chile
Juan Carlos Oyanedel: Facultad de Educación y Ciencias Sociales, Universidad Andres Bello, Santiago 8370035, Chile
Guido Salazar-Sepúlveda: Departamento de Ingeniería Industrial-Facultad de Ingeniería, Universidad Católica de la Santísima Concepción, Concepción 4090541, Chile
Alejandro Vega-Muñoz: Public Policy Observatory, Universidad Autónoma de Chile, Santiago 7500912, Chile
Antonio Ariza-Montes: Social Matters Research Group, Universidad Loyola Andalucía, 414004 Córdoba, Spain

Sustainability, 2022, vol. 14, issue 7, 1-15

Abstract: The research aims to examine the relationships between the constructs of entrepreneurial intention according to the theory of planned behavior (TPB) model and subjective well-being (SW). The model used considers the works proposed by Liñán and Chen and Oyanedel, Vargas, and Paez, and a questionnaire was applied to 1043 people in an urban population of the three main regions of Chile using multivariate statistical methods for its analysis (structural equation models). The proposed hypotheses are that subjective well-being towards entrepreneurship has a direct and positive effect on entrepreneurial intention (H1), personal attitude towards entrepreneurship has a direct and positive effect on entrepreneurial intention (H2), perceived behavioral control towards entrepreneurship has a direct and positive effect on entrepreneurial intention (H3), and subjective norm towards entrepreneurship has a direct and positive effect on entrepreneurial intention (H4). The results indicate that subjective well-being on entrepreneurial intention shows indirect effects mediated by subjective norm, contributing to the theoretical development concerning well-being incidence on entrepreneurial behavior, providing theoretical elements that can serve as a basis for further strengthening the understanding of the relationships between personal well-being, economic growth, and the harmonious relationship with the environment.

Keywords: behavior studies; entrepreneurship; theory of planned behavior; entrepreneurial attitude; perceived subjective social norms; perceived behavioral control; well-being (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:14:y:2022:i:7:p:3935-:d:780273

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