IDEAS home Printed from https://ideas.repec.org/a/eee/jobuve/v21y2024ics2352673424000015.html
   My bibliography  Save this article

Entrepreneurship and subjective wellbeing in China: Exploring linkages and potential channels

Author

Listed:
  • Koomson, Isaac
  • Zhang, Quanda
  • Prakash, Kushneel

Abstract

We analyse the effect of entrepreneurship on subjective wellbeing in China. To do so, we use four waves of the nationally representative China Family Panel Studies (CFPS) longitudinal survey data. Employing a suite of quasi-experimental analytical procedures, we find that being an entrepreneur increases subjective wellbeing in China. Our estimates suggest that being an entrepreneur results in a 0.46 standard deviation higher subjective wellbeing than not being an entrepreneur. This finding is robust to different quasi-experimental methods. We also find that entrepreneurship enhances subjective wellbeing more among males and rural residents. Results on mediation analysis suggests that social and economic status are important channels through which entrepreneurship influences subjective wellbeing.

Suggested Citation

  • Koomson, Isaac & Zhang, Quanda & Prakash, Kushneel, 2024. "Entrepreneurship and subjective wellbeing in China: Exploring linkages and potential channels," Journal of Business Venturing Insights, Elsevier, vol. 21(C).
    • Handle: RePEc:eee:jobuve:v:21:y:2024:i:c:s2352673424000015
    DOI: 10.1016/j.jbvi.2024.e00449
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S2352673424000015
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.jbvi.2024.e00449?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Prakash, Kushneel & Awaworyi Churchill, Sefa & Smyth, Russell, 2022. "Are you puffing your Children's future away? Energy poverty and childhood exposure to passive smoking," Economic Modelling, Elsevier, vol. 114(C).
    2. Johan P. Larsson & Per Thulin, 2019. "Independent by necessity? The life satisfaction of necessity and opportunity entrepreneurs in 70 countries," Small Business Economics, Springer, vol. 53(4), pages 921-934, December.
    3. Awaworyi Churchill, Sefa & Smyth, Russell, 2019. "Transport poverty and subjective wellbeing," Transportation Research Part A: Policy and Practice, Elsevier, vol. 124(C), pages 40-54.
    4. Samuelson Appau & Sefa Awaworyi Churchill & Russell Smyth & Quanda Zhang, 2022. "Social Capital Inequality and Subjective Wellbeing of Older Chinese," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 160(2), pages 541-563, April.
    5. Kumar, Santosh & Nahlen, Bernard, 2023. "Intergenerational persistence of health: Evidence from India," Economics Letters, Elsevier, vol. 224(C).
    6. Blanchflower, David G & Oswald, Andrew J, 1998. "What Makes an Entrepreneur?," Journal of Labor Economics, University of Chicago Press, vol. 16(1), pages 26-60, January.
    7. Zhang, Quanda & Awaworyi Churchill, Sefa, 2020. "Income inequality and subjective wellbeing: Panel data evidence from China," China Economic Review, Elsevier, vol. 60(C).
    8. Alberto Alesina & Ekaterina Zhuravskaya, 2011. "Segregation and the Quality of Government in a Cross Section of Countries," American Economic Review, American Economic Association, vol. 101(5), pages 1872-1911, August.
    9. David G. Blanchflower, 2004. "Self-Employment: More may not be better," NBER Working Papers 10286, National Bureau of Economic Research, Inc.
    10. Hossain, Mahbub & Asadullah, M. Niaz & Kambhampati, Uma, 2019. "Empowerment and life satisfaction: Evidence from Bangladesh," World Development, Elsevier, vol. 122(C), pages 170-183.
    11. Yiu, Daphne W. & Wan, William P. & Ng, Frank W. & Chen, Xing & Jun Su,, 2014. "Sentimental Drivers of Social Entrepreneurship: A Study of China's Guangcai (Glorious) Program," Management and Organization Review, Cambridge University Press, vol. 10(1), pages 55-80, March.
    12. Wolfe, Marcus T. & Patel, Pankaj C., 2018. "Satisfaction guaranteed? Life satisfaction, institutional factors, and self-employment," Journal of Business Venturing Insights, Elsevier, vol. 9(C), pages 45-52.
    13. Canfei He & Jiangyong Lu & Haifeng Qian, 2019. "Entrepreneurship in China," Small Business Economics, Springer, vol. 52(3), pages 563-572, March.
    14. Jana Lenze & Stephan Klasen, 2017. "Does Women’s Labor Force Participation Reduce Domestic Violence? Evidence from Jordan," Feminist Economics, Taylor & Francis Journals, vol. 23(1), pages 1-29, January.
    15. Ryff, Carol D., 2019. "Entrepreneurship and eudaimonic well-being: Five venues for new science," Journal of Business Venturing, Elsevier, vol. 34(4), pages 646-663.
    16. C. Praag & Peter Versloot, 2007. "What is the value of entrepreneurship? A review of recent research," Small Business Economics, Springer, vol. 29(4), pages 351-382, December.
    17. Martin Binder & Alex Coad, 2013. "Life satisfaction and self-employment: a matching approach," Small Business Economics, Springer, vol. 40(4), pages 1009-1033, May.
    18. Kei Kajisa, 2007. "Personal Networks and Nonagricultural Employment: The Case of a Farming Village in the Philippines," Economic Development and Cultural Change, University of Chicago Press, vol. 55(4), pages 669-707, July.
    19. Jeffrey M. Wooldridge, 2015. "Control Function Methods in Applied Econometrics," Journal of Human Resources, University of Wisconsin Press, vol. 50(2), pages 420-445.
    20. Alexander S. Kritikos, 2024. "Entrepreneurs and their impact on jobs and economic growth," IZA World of Labor, Institute of Labor Economics (IZA), pages 1-8.2, October.
    21. Cheng, Zhiming & Tani, Massimiliano & Wang, Haining, 2021. "Energy poverty and entrepreneurship," Energy Economics, Elsevier, vol. 102(C).
    22. Arthur Lewbel, 2012. "Using Heteroscedasticity to Identify and Estimate Mismeasured and Endogenous Regressor Models," Journal of Business & Economic Statistics, Taylor & Francis Journals, vol. 30(1), pages 67-80.
    23. Daphne W. Yiu & William P. Wan & Frank W. Ng & Xing Chen & Jun Su, 2014. "Sentimental Drivers of Social Entrepreneurship: A Study of China's Guangcai (Glorious) Program. 社会创业与情操驱动力：中国光彩事业研究," Management and Organization Review, The International Association for Chinese Management Research, vol. 10(1), pages 55-80, March.
    24. Kushneel Prakash & Sefa Awaworyi Churchill & Russell Smyth, 2022. "Petrol prices and obesity," Health Economics, John Wiley & Sons, Ltd., vol. 31(7), pages 1381-1401, July.
    25. Quanda Zhang & Alberto Posso, 2019. "Thinking Inside the Box: A Closer Look at Financial Inclusion and Household Income," Journal of Development Studies, Taylor & Francis Journals, vol. 55(7), pages 1616-1631, July.
    26. Isaac Koomson & Sefa Awaworyi Churchill & Musharavati Ephraim Munyanyi, 2022. "Gambling and Financial Stress," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 163(1), pages 473-503, August.
    27. Isaac Koomson & Sefa Awaworyi Churchill, 2021. "Ethnic Diversity and Food Insecurity: Evidence from Ghana," Journal of Development Studies, Taylor & Francis Journals, vol. 57(11), pages 1912-1926, November.
    28. Awaworyi Churchill, Sefa & Smyth, Russell & Farrell, Lisa, 2020. "Fuel poverty and subjective wellbeing," Energy Economics, Elsevier, vol. 86(C).
    29. Koomson, Isaac & Orkoh, Emmanuel & Ahmad, Shabbir, 2023. "Non-farm entrepreneurship, caste, and energy poverty in rural India," Energy Economics, Elsevier, vol. 127(PA).
    30. Koomson, Isaac & Danquah, Michael, 2021. "Financial inclusion and energy poverty: Empirical evidence from Ghana," Energy Economics, Elsevier, vol. 94(C).
    31. Zhang, Quanda & Appau, Samuelson & Kodom, Peter Lord, 2021. "Energy poverty, children's wellbeing and the mediating role of academic performance: Evidence from China," Energy Economics, Elsevier, vol. 97(C).
    32. Bacq, Sophie & Hertel, Christina & Lumpkin, G.T., 2022. "Communities at the nexus of entrepreneurship and societal impact: A cross-disciplinary literature review," Journal of Business Venturing, Elsevier, vol. 37(5).
    33. Prince Maxwell Etwire & Isaac Koomson & Edward Martey, 2022. "Impact of climate change adaptation on farm productivity and household welfare," Climatic Change, Springer, vol. 170(1), pages 1-27, January.
    34. repec:iza:izawol:journl:y:2014:p:8 is not listed on IDEAS
    35. Stephan, Ute & Tavares, Susana M. & Carvalho, Helena & Ramalho, Joaquim J.S. & Santos, Susana C. & van Veldhoven, Marc, 2020. "Self-employment and eudaimonic well-being: Energized by meaning, enabled by societal legitimacy," Journal of Business Venturing, Elsevier, vol. 35(6).
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Yanyan Sheng & Chenlu Ye & Yiping Sun & Diederich Bakker, 2024. "The impact of human capital and social capital on entrepreneurship entry: the threshold of human capital-social capital coupling," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-11, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Koomson, Isaac & Awaworyi Churchill, Sefa, 2022. "Employment precarity and energy poverty in post-apartheid South Africa: Exploring the racial and ethnic dimensions," Energy Economics, Elsevier, vol. 110(C).
    2. Ute Stephan & Andreas Rauch & Isabella Hatak, 2023. "Happy Entrepreneurs? Everywhere? A Meta-Analysis of Entrepreneurship and Wellbeing," Entrepreneurship Theory and Practice, , vol. 47(2), pages 553-593, March.
    3. Inessa Love & Boris Nikolaev & Chandra Dhakal, 2024. "The well-being of women entrepreneurs: the role of gender inequality and gender roles," Small Business Economics, Springer, vol. 62(1), pages 325-352, January.
    4. Awaworyi Churchill, Sefa & Koomson, Isaac & Munyanyi, Musharavati Ephraim, 2023. "Transport poverty and obesity: The mediating roles of social capital and physical activity," Transport Policy, Elsevier, vol. 130(C), pages 155-166.
    5. Prakash, Kushneel & Awaworyi Churchill, Sefa & Smyth, Russell, 2022. "Are you puffing your Children's future away? Energy poverty and childhood exposure to passive smoking," Economic Modelling, Elsevier, vol. 114(C).
    6. Binder, Martin & Blankenberg, Ann-Kathrin, 2021. "Self-employment and subjective well-being," University of Göttingen Working Papers in Economics 411, University of Goettingen, Department of Economics.
    7. Xiaoyu Yu & Xiaotong Meng & Laura Stanley & Franz W. Kellermanns, 2024. "Self-employment and life satisfaction: The contingent role of formal institutions," Small Business Economics, Springer, vol. 63(1), pages 135-163, June.
    8. Kofinti, Raymond Elikplim & Koomson, Isaac & Paintsil, Jones Arkoh & Ameyaw, Edward Kwabena, 2022. "Reducing children's malnutrition by increasing mothers' health insurance coverage: A focus on stunting and underweight across 32 sub-Saharan African countries," Economic Modelling, Elsevier, vol. 117(C).
    9. Nie, Peng & Li, Qiaoge & Sousa-Poza, Alfonso, 2021. "Energy poverty and subjective well-being in China: New evidence from the China Family Panel Studies," Energy Economics, Elsevier, vol. 103(C).
    10. Isaac Koomson & Raymond Elikplim Kofinti & Esther Laryea, 2024. "Financial inclusion and multidimensional child poverty," Review of Economics of the Household, Springer, vol. 22(1), pages 237-260, March.
    11. Nikolova, Milena, 2018. "Self-Employment Can Be Good for Your Health," GLO Discussion Paper Series 226, Global Labor Organization (GLO).
    12. Zhang, Quanda & Appau, Samuelson & Kodom, Peter Lord, 2021. "Energy poverty, children's wellbeing and the mediating role of academic performance: Evidence from China," Energy Economics, Elsevier, vol. 97(C).
    13. Lin, Boqiang & Okyere, Michael Adu, 2022. "Are people energy poor because of their prosocial behavior? Evidence from Ghana," Energy, Elsevier, vol. 239(PE).
    14. Ackermann, Klaus & Awaworyi Churchill, Sefa & Smyth, Russell, 2023. "High-speed internet access and energy poverty," Energy Economics, Elsevier, vol. 127(PB).
    15. Nikolova, Milena, 2019. "Switching to self-employment can be good for your health," Journal of Business Venturing, Elsevier, vol. 34(4), pages 664-691.
    16. Cheng, Zhiming & Guo, Liwen & Smyth, Russell & Tani, Massimiliano, 2022. "Childhood adversity and energy poverty," Energy Economics, Elsevier, vol. 111(C).
    17. Bukari, Chei & Broermann, Shanaz & Okai, Davidson, 2021. "Energy poverty and health expenditure: Evidence from Ghana," Energy Economics, Elsevier, vol. 103(C).
    18. Fry, Jane M. & Farrell, Lisa & Temple, Jeromey B., 2022. "Energy poverty and retirement income sources in Australia," Energy Economics, Elsevier, vol. 106(C).
    19. Awaworyi Churchill, Sefa & Smyth, Russell, 2022. "Local area crime and energy poverty," Energy Economics, Elsevier, vol. 114(C).
    20. Ute Stephan & Przemysław Zbierowski & Ana Pérez-Luño & Dominika Wach & Johan Wiklund & Marisleidy Alba Cabañas & Edgard Barki & Alexandre Benzari & Claudia Bernhard-Oettel & Janet A. Boekhorst & A, 2023. "Act or Wait-and-See? Adversity, Agility, and Entrepreneur Wellbeing across Countries during the COVID-19 Pandemic," Entrepreneurship Theory and Practice, , vol. 47(3), pages 682-723, May.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jobuve:v:21:y:2024:i:c:s2352673424000015. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: https://www.journals.elsevier.com/journal-of-business-venturing-insights .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.