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

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

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.

Suggested Citation

  • Lanivich, Stephen E. & Bennett, Andrew & Kessler, Stacey R. & McIntyre, Nancy & Smith, Adam W., 2021. "RICH with well-being: An entrepreneurial mindset for thriving in early-stage entrepreneurship," Journal of Business Research, Elsevier, vol. 124(C), pages 571-580.
    • Handle: RePEc:eee:jbrese:v:124:y:2021:i:c:p:571-580
    DOI: 10.1016/j.jbusres.2020.10.036
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    References listed on IDEAS

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