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

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

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.

Suggested Citation

  • Marshall, David R. & Meek, William R. & Swab, R. Gabrielle & Markin, Erik, 2020. "Access to resources and entrepreneurial well-being: A self-efficacy approach," Journal of Business Research, Elsevier, vol. 120(C), pages 203-212.
    • Handle: RePEc:eee:jbrese:v:120:y:2020:i:c:p:203-212
    DOI: 10.1016/j.jbusres.2020.08.015
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