IDEAS home Printed from https://ideas.repec.org/a/gam/jijerp/v19y2022i12p6966-d833055.html
   My bibliography  Save this article

More Prosocial, More Ephemeral? Exploring the Formation of a Social Entrepreneur’s Exit Intention via Life Satisfaction

Author

Listed:
  • Jianing Dong

    (International Business School Suzhou, Xi’an Jiaotong-Liverpool University, Suzhou 215123, China
    Management School, University of Liverpool, Liverpool L69 3BX, UK)

  • Xiao Wang

    (International Business School Suzhou, Xi’an Jiaotong-Liverpool University, Suzhou 215123, China
    Management School, University of Liverpool, Liverpool L69 3BX, UK)

  • Xuanwei Cao

    (International Business School Suzhou, Xi’an Jiaotong-Liverpool University, Suzhou 215123, China
    Management School, University of Liverpool, Liverpool L69 3BX, UK)

  • David Higgins

    (Management School, University of Liverpool, Liverpool L69 3BX, UK)

Abstract

This study was designed to test if satisfaction with health and personal financial wellbeing mediates the relationship between prosocial motivations and exit intentions among social entrepreneurs. Using a sample of 317 social entrepreneurs, the partial least square structural equation modeling (PLS-SEM) revealed that prosocial motivation decreased the financial satisfaction of entrepreneurs, which increased their exit intentions. However, health satisfaction did not have a mediating effect on the relationship between prosocial motivation and exit intention. Moreover, adopting the multi-group analysis (MGA) technique, we found that the negative impact of prosocial motivation on financial satisfaction was stronger for males than for females, suggesting male entrepreneurs were more likely to experience lower financial satisfaction caused by prosocial motivation than female entrepreneurs. There was no evidence that gender moderated the relationship between prosocial motivation and health satisfaction.

Suggested Citation

  • Jianing Dong & Xiao Wang & Xuanwei Cao & David Higgins, 2022. "More Prosocial, More Ephemeral? Exploring the Formation of a Social Entrepreneur’s Exit Intention via Life Satisfaction," IJERPH, MDPI, vol. 19(12), pages 1-17, June.
  • Handle: RePEc:gam:jijerp:v:19:y:2022:i:12:p:6966-:d:833055
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1660-4601/19/12/6966/pdf
    Download Restriction: no

    File URL: https://www.mdpi.com/1660-4601/19/12/6966/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Zahra, Shaker A. & Gedajlovic, Eric & Neubaum, Donald O. & Shulman, Joel M., 2009. "A typology of social entrepreneurs: Motives, search processes and ethical challenges," Journal of Business Venturing, Elsevier, vol. 24(5), pages 519-532, September.
    2. Angus Deaton, 2008. "Income, Health, and Well-Being around the World: Evidence from the Gallup World Poll," Journal of Economic Perspectives, American Economic Association, vol. 22(2), pages 53-72, Spring.
    3. Lee, Craig & Hallak, Rob, 2018. "Investigating the moderating role of education on a structural model of restaurant performance using multi-group PLS-SEM analysis," Journal of Business Research, Elsevier, vol. 88(C), pages 298-305.
    4. Ute Stephan & Lorraine M Uhlaner & Christopher Stride, 2015. "Institutions and social entrepreneurship: The role of institutional voids, institutional support, and institutional configurations," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 46(3), pages 308-331, April.
    5. Robert Fairlie & Alicia Robb, 2009. "Gender differences in business performance: evidence from the Characteristics of Business Owners survey," Small Business Economics, Springer, vol. 33(4), pages 375-395, December.
    6. Gupta, Parul & Chauhan, Sumedha & Paul, Justin & Jaiswal, M.P., 2020. "Social entrepreneurship research: A review and future research agenda," Journal of Business Research, Elsevier, vol. 113(C), pages 209-229.
    7. Zoltan J. Acs & David B. Audretsch & Pontus Braunerhjelm & Bo Carlsson, 2005. "Growth and Entrepreneurship: An Empirial Assessment," Papers on Entrepreneurship, Growth and Public Policy 2005-32, Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group.
    8. Bacq, Sophie & Alt, Elisa, 2018. "Feeling capable and valued: A prosocial perspective on the link between empathy and social entrepreneurial intentions," Journal of Business Venturing, Elsevier, vol. 33(3), pages 333-350.
    9. Melissa S. Cardon & Maw–Der Foo & Dean Shepherd & Johan Wiklund, 2012. "Exploring the Heart: Entrepreneurial Emotion is a Hot Topic," Entrepreneurship Theory and Practice, , vol. 36(1), pages 1-10, January.
    10. Powell, Gary N. & Eddleston, Kimberly A., 2013. "Linking family-to-business enrichment and support to entrepreneurial success: Do female and male entrepreneurs experience different outcomes?," Journal of Business Venturing, Elsevier, vol. 28(2), pages 261-280.
    11. Justo, Rachida & DeTienne, Dawn R. & Sieger, Philipp, 2015. "Failure or voluntary exit? Reassessing the female underperformance hypothesis," Journal of Business Venturing, Elsevier, vol. 30(6), pages 775-792.
    12. Cacciotti, Gabriella & Hayton, James C. & Mitchell, J. Robert & Allen, David G., 2020. "Entrepreneurial fear of failure: Scale development and validation," Journal of Business Venturing, Elsevier, vol. 35(5).
    13. van Praag, B. M. S. & Frijters, P. & Ferrer-i-Carbonell, A., 2003. "The anatomy of subjective well-being," Journal of Economic Behavior & Organization, Elsevier, vol. 51(1), pages 29-49, May.
    14. S. Bacq & F. Janssen, 2011. "The multiple faces of social entrepreneurship: A review of definitional issues based on geographical and thematic criteria," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 23(5-6), pages 373-403, June.
    15. Diana M. Hechavarría & Siri A. Terjesen & Amy E. Ingram & Maija Renko & Rachida Justo & Amanda Elam, 2017. "Taking care of business: the impact of culture and gender on entrepreneurs’ blended value creation goals," Small Business Economics, Springer, vol. 48(1), pages 225-257, January.
    16. Wennberg, Karl & Wiklund, Johan & DeTienne, Dawn R. & Cardon, Melissa S., 2010. "Reconceptualizing entrepreneurial exit: Divergent exit routes and their drivers," Journal of Business Venturing, Elsevier, vol. 25(4), pages 361-375, July.
    17. Ruth Bridgstock & Fiona Lettice & Mustafa F. Özbilgin & Ahu Tatli, 2010. "Diversity management for innovation in social enterprises in the UK," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 22(6), pages 557-574, October.
    18. Michael H. Morris & Susana C. Santos & Donald F. Kuratko, 2021. "The great divides in social entrepreneurship and where they lead us," Small Business Economics, Springer, vol. 57(3), pages 1089-1106, October.
    19. Vishal K. Gupta & Daniel B. Turban & S. Arzu Wasti & Arijit Sikdar, 2009. "The Role of Gender Stereotypes in Perceptions of Entrepreneurs and Intentions to Become an Entrepreneur," Entrepreneurship Theory and Practice, , vol. 33(2), pages 397-417, March.
    20. Silvia Dorado, 2006. "Social Entrepreneurial Ventures: Different Values So Different Process Of Creation, No?," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 11(04), pages 319-343.
    21. Sharir, Moshe & Lerner, Miri, 2006. "Gauging the success of social ventures initiated by individual social entrepreneurs," Journal of World Business, Elsevier, vol. 41(1), pages 6-20, February.
    22. Saul Estrin & Tomasz Mickiewicz & Ute Stephan, 2013. "Entrepreneurship, Social Capital, and Institutions: Social and Commercial Entrepreneurship across Nations," Entrepreneurship Theory and Practice, , vol. 37(3), pages 479-504, May.
    23. Lindblom, Arto & Lindblom, Taru & Wechtler, Heidi, 2020. "Dispositional optimism, entrepreneurial success and exit intentions: The mediating effects of life satisfaction," Journal of Business Research, Elsevier, vol. 120(C), pages 230-240.
    24. Punita Bhatt Datta & Robert Gailey, 2012. "Empowering Women through Social Entrepreneurship: Case Study of a Women's Cooperative in India," Entrepreneurship Theory and Practice, , vol. 36(3), pages 569-587, May.
    25. Florian Ladstaetter & Andreas Plank & Andrea Hemetsberger, 2018. "The merits and limits of making do: bricolage and breakdowns in a social enterprise," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 30(3-4), pages 283-309, March.
    26. Prentice, Catherine & King, Brian E.M., 2013. "Impacts of personality, emotional intelligence and adaptiveness on service performance of casino hosts: A hierarchical approach," Journal of Business Research, Elsevier, vol. 66(9), pages 1637-1643.
    27. Kibler, Ewald & Wincent, Joakim & Kautonen, Teemu & Cacciotti, Gabriella & Obschonka, Martin, 2019. "Can prosocial motivation harm entrepreneurs' subjective well-being?," Journal of Business Venturing, Elsevier, vol. 34(4), pages 608-624.
    28. Seelos, Christian & Mair, Johanna, 2005. "Social entrepreneurship: Creating new business models to serve the poor," Business Horizons, Elsevier, vol. 48(3), pages 241-246.
    29. Martin Binder & Alex Coad, 2013. "Life satisfaction and self-employment: a matching approach," Small Business Economics, Springer, vol. 40(4), pages 1009-1033, May.
    30. Ronit Yitshaki & Fredric Kropp, 2016. "Entrepreneurial passions and identities in different contexts: a comparison between high-tech and social entrepreneurs," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 28(3-4), pages 206-233, March.
    31. Martin Carree & Ingrid Verheul, 2012. "What Makes Entrepreneurs Happy? Determinants of Satisfaction Among Founders," Journal of Happiness Studies, Springer, vol. 13(2), pages 371-387, April.
    32. Gupta, Vishal K. & Goktan, A. Banu & Gunay, Gonca, 2014. "Gender differences in evaluation of new business opportunity: A stereotype threat perspective," Journal of Business Venturing, Elsevier, vol. 29(2), pages 273-288.
    33. R. Marshall, 2011. "Conceptualizing the International For-Profit Social Entrepreneur," Journal of Business Ethics, Springer, vol. 98(2), pages 183-198, January.
    34. Maija Renko, 2013. "Early Challenges of Nascent Social Entrepreneurs," Entrepreneurship Theory and Practice, , vol. 37(5), pages 1045-1069, September.
    35. Steven A. Brieger & Siri A. Terjesen & Diana M. Hechavarría & Christian Welzel, 2019. "Prosociality in Business: A Human Empowerment Framework," Journal of Business Ethics, Springer, vol. 159(2), pages 361-380, October.
    36. Brigitte Hoogendoorn & Peter Zwan & Roy Thurik, 2019. "Sustainable Entrepreneurship: The Role of Perceived Barriers and Risk," Journal of Business Ethics, Springer, vol. 157(4), pages 1133-1154, July.
    37. Smith, Wendy K. & Gonin, Michael & Besharov, Marya L., 2013. "Managing Social-Business Tensions: A Review and Research Agenda for Social Enterprise," Business Ethics Quarterly, Cambridge University Press, vol. 23(3), pages 407-442, July.
    38. Eric Adom Asante & Emmanuel Affum-Osei & Barbara Danquah, 2020. "Aspiring to Be a Social Entrepreneur: Does Prosocial Motivation Matter?," Management for Professionals, in: Joan Marques & Satinder Dhiman (ed.), Social Entrepreneurship and Corporate Social Responsibility, chapter 4, pages 47-61, Springer.
    39. Russell L. Purvis & V. Sambamurthy & Robert W. Zmud, 2001. "The Assimilation of Knowledge Platforms in Organizations: An Empirical Investigation," Organization Science, INFORMS, vol. 12(2), pages 117-135, April.
    40. Paul Tracey & Nelson Phillips & Owen Jarvis, 2011. "Bridging Institutional Entrepreneurship and the Creation of New Organizational Forms: A Multilevel Model," Organization Science, INFORMS, vol. 22(1), pages 60-80, February.
    41. Johanna Mair & Julie Battilana & Julian Cardenas, 2012. "Organizing for Society: A Typology of Social Entrepreneuring Models," Journal of Business Ethics, Springer, vol. 111(3), pages 353-373, December.
    42. Kautonen, Teemu & Kibler, Ewald & Minniti, Maria, 2017. "Late-career entrepreneurship, income and quality of life," Journal of Business Venturing, Elsevier, vol. 32(3), pages 318-333.
    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. Kaushik, Vineet & Tewari, Shobha & Sahasranamam, Sreevas & Hota, Pradeep Kumar, 2023. "Towards a precise understanding of social entrepreneurship: An integrated bibliometric–machine learning based review and research agenda," Technological Forecasting and Social Change, Elsevier, vol. 191(C).

    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. Jianing Dong & Xiao Wang & Xuanwei Cao & David Higgins, 2022. "More Prosocial, More Ephemeral? The Role of Work-Related Wellbeing and Gender in Incubating Social Entrepreneurs’ Exit Intention," IJERPH, MDPI, vol. 19(7), pages 1-21, March.
    2. Gupta, Parul & Chauhan, Sumedha & Paul, Justin & Jaiswal, M.P., 2020. "Social entrepreneurship research: A review and future research agenda," Journal of Business Research, Elsevier, vol. 113(C), pages 209-229.
    3. Adélie Ranville & Marcos Barros, 2022. "Towards Normative Theories of Social Entrepreneurship. A Review of the Top Publications of the Field," Journal of Business Ethics, Springer, vol. 180(2), pages 407-438, October.
    4. Paola Bernardi & Alberto Bertello & Canio Forliano & Ludovico Bullini Orlandi, 2022. "Beyond the “ivory tower”. Comparing academic and non-academic knowledge on social entrepreneurship," International Entrepreneurship and Management Journal, Springer, vol. 18(3), pages 999-1032, September.
    5. Holger Patzelt & Dean A. Shepherd, 2024. "A fatigue model of social venturing," Small Business Economics, Springer, vol. 63(3), pages 1065-1088, October.
    6. Pradeep Kumar Hota, 2023. "Tracing the Intellectual Evolution of Social Entrepreneurship Research: Past Advances, Current Trends, and Future Directions," Journal of Business Ethics, Springer, vol. 182(3), pages 637-659, January.
    7. Sahasranamam, Sreevas & Nandakumar, M.K., 2020. "Individual capital and social entrepreneurship: Role of formal institutions," Journal of Business Research, Elsevier, vol. 107(C), pages 104-117.
    8. Kaushik, Vineet & Tewari, Shobha & Sahasranamam, Sreevas & Hota, Pradeep Kumar, 2023. "Towards a precise understanding of social entrepreneurship: An integrated bibliometric–machine learning based review and research agenda," Technological Forecasting and Social Change, Elsevier, vol. 191(C).
    9. Pradeep Kumar Hota & Balaji Subramanian & Gopalakrishnan Narayanamurthy, 2020. "Mapping the Intellectual Structure of Social Entrepreneurship Research: A Citation/Co-citation Analysis," Journal of Business Ethics, Springer, vol. 166(1), pages 89-114, September.
    10. 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.
    11. Shepherd, Dean A. & Seyb, Stella & Williams, Trenton A., 2023. "Empathy-driven entrepreneurial action: Well-being outcomes for entrepreneurs and target beneficiaries," Journal of Business Venturing, Elsevier, vol. 38(2).
    12. Ruchita Pangriya, 2019. "Hidden aspects of social entrepreneurs’ life: a content analysis," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 9(1), pages 1-19, December.
    13. Sahasranamam, Sreevas & Nandakumar, M.K. & Pereira, Vijay & Temouri, Yama, 2021. "Knowledge capital in social and commercial entrepreneurship: Investigating the role of informal institutions," Journal of International Management, Elsevier, vol. 27(1).
    14. Choi, Nia & Majumdar, Satyajit, 2014. "Social entrepreneurship as an essentially contested concept: Opening a new avenue for systematic future research," Journal of Business Venturing, Elsevier, vol. 29(3), pages 363-376.
    15. Singaram, Raja & Radu-Lefebvre, Miruna & Gartner, William B., 2023. "Gordian knot uncut: Understanding the problem of founder exit in social ventures," Journal of Business Venturing Insights, Elsevier, vol. 19(C).
    16. EuiBeom Jeong & Hanna Yoo, 2022. "A systematic literature review of women in social entrepreneurship," Service Business, Springer;Pan-Pacific Business Association, vol. 16(4), pages 935-970, December.
    17. Philipp Kruse, 2021. "Exploring International and Inter-Sector Differences of Social Enterprises in the UK and India," Sustainability, MDPI, vol. 13(11), pages 1-18, May.
    18. Ana Fernández-Laviada & Carlos López-Gutiérrez & Andrea Pérez, 2020. "How Does the Development of the Social Enterprise Sector Affect Entrepreneurial Behavior? An Empirical Analysis," Sustainability, MDPI, vol. 12(3), pages 1-15, January.
    19. Steven A. Brieger & Dirk Clercq & Timo Meynhardt, 2021. "Doing Good, Feeling Good? Entrepreneurs’ Social Value Creation Beliefs and Work-Related Well-Being," Journal of Business Ethics, Springer, vol. 172(4), pages 707-725, September.
    20. Bonfanti, Angelo & De Crescenzo, Veronica & Simeoni, Francesca & Loza Adaui, Cristian R., 2024. "Convergences and divergences in sustainable entrepreneurship and social entrepreneurship research: A systematic review and research agenda," Journal of Business Research, Elsevier, vol. 170(C).

    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:gam:jijerp:v:19:y:2022:i:12:p:6966-:d:833055. 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: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    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.