Work

Keep it positive: Exploring the relationship between stress, positive affect, wellbeing, and success of entrepreneurs

Year: 2022

Type: article

Abstract: Entrepreneurs' wellbeing is of unprecedented importance given their crucial role in national economies in terms of job creation and innovation. In this research, we used a mixed methods approach to investigate the direct and indirect mechanisms by which entrepreneurs' wellbeing mediates the effects of stress on perceived entrepreneurial success. We theorize that entrepreneurs experience work-related stress and that the level of perceived wellbeing mediates the relationship between the entrepreneurs' stress and perceived success. We also hypothesize moderation effects by dispositional positive affect. We find that stress has direct negative effects on entrepreneurs' wellbeing and perceived success. However, an experience of positive affect significantly weakens the negative effects of stress by broadening and building entrepreneurs' cognitions. Drawing from our theoretical and empirical findings, we discuss implications for theory and practice in the domain of entrepreneurs' wellbeing.

Source: Frontiers in Psychology

DOI: 10.3389/fpsyg.2022.970797

Authors: Mateja Drnovšek, Alenka Slavec Gomezel

Institution: University of Ljubljana

Language: English

Topic: Entrepreneurship Studies and Influences

Subfield: Management of Technology and Innovation

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: gold

Estimated APC paid: $2,950