Browsing by Author "Naudé, Wim"
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Item Entrepreneurship and subjective well-being: Does the motivation to start-up a firm matter?(2021) Amorós, José Ernesto; Cristi, Oscar; Naudé, WimAlthough there have been many studies on the subjective well-being of entrepreneurs, these have compared entrepreneurs’ well-being with those of non-entrepreneurs, or with economic and firm performance, or attempted to identify the determinants their subjective well-being. So far there have been only limited attempts to compare the subjective well-being of differently motivated entrepreneurs. This paper is an attempt to contribute filling this gap. We explore the relationship between the motivation for entering into entrepreneurship and subjective well-being. We use data from the Global ntrepreneurship Monitor in 70 countries covering 159,274 individuals. Using a two-stage probit least squares estimator to test the relationship between motivation and subjective well-being, with particular concern for the direction of causality, we find that necessity-motivated entrepreneurs report well-being levels similar to opportunity-motivated entrepreneurs. We also find that in countries where necessity entrepreneurship is more prevalent (typically developing countries), lower rates of entrepreneurial entry will be associated with higher reported subjective well-being of the necessity-motivated entrepreneurs. The upshot of our findings is that entrepreneurship, even if motivated by necessity, contributes to subjective well-being.Item Reorienting entrepreneurship policy to tackle Chile's economic and social crisis: a rapid response(2019) Muñoz, Pablo; Naudé, Wim; Williams, Nick; Williams, Trenton; Frias, RodrigoChile is experiencing its worst economic and social crisis in decades, which is adversely impacting entrepreneurs and SMEs. Chile’s Economic Development Agency is seeking to support recovery efforts by reorienting its entrepreneurship programs and ecosystem support capacity. What makes the reorientation especially challenging is the need to ensure all actions are sensitive to the causes of the social unrest, where arguably extant entrepreneurship policy has played a role. Theory and evidence in entrepreneurship literature seem insufficient to inform immediate actions. In this rapid response paper, we leverage and translate research on ecosystem democracy, spontaneous venturing and entrepreneurship-enabled social cohesion to inform decision-making and contribute to the development of policy solutions. We propose an entrepreneurship policy reorientation model, including interventions during and post crisis, potentially capable of minimizing the effects of the crisis and changing the orientation of future support.Item Surfeiting, the appetite may sicken: entrepreneurship and happiness(01/03/2014) Naudé, Wim; Amorós, José Ernesto; Cristi, OscarDo the presence and nature of entrepreneurship impact on national happiness, and are nations with happy citizens better for entrepreneurs to start new businesses? To provide tentative answers we survey the literature on entrepreneurship and subjective well-being and use various data sources to uncover the first evidence of the relationship between entrepreneurship and happiness at the country level. We find that opportunitymotivated entrepreneurship may contribute to a nation’s happiness but only to a certain point, at which the effects of happiness begin to decline. Moreover, our results suggest that a nation’s happiness affects earlystage opportunity-driven entrepreneurial activity.