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

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

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.

Suggested Citation

  • Zhu, Fei & Yu, Wei & Fan, Shea X. & Jonathan, Jason Gabriel, 2023. "Should I stay or should I go? The impact of entrepreneurs’ loneliness on business exit intentions through entrepreneurial passion," Journal of Business Venturing Insights, Elsevier, vol. 19(C).
    • Handle: RePEc:eee:jobuve:v:19:y:2023:i:c:s235267342200066x
    DOI: 10.1016/j.jbvi.2022.e00368
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    References listed on IDEAS

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