Entrepreneurship and subjective well-being: Does the motivation to start-up a firm matter?

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dc.contributor.authorAmorós, José Ernesto
dc.contributor.authorCristi, Oscar
dc.contributor.authorNaudé, Wim
dc.date.accessioned2021-12-01T21:29:00Z
dc.date.available2021-12-01T21:29:00Z
dc.date.issued2021
dc.description.abstractAlthough 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.es
dc.identifier.citationAmorós, José Ernesto; Cristi, Oscar; Naudé, Wim (2021). Entrepreneurship and subjective well-being: Does the motivation to start-up a firm matter?. Journal of Business Research.es
dc.identifier.urihttps://doi.org/10.1016/j.jbusres.2020.11.044es
dc.identifier.urihttp://hdl.handle.net/11447/5165
dc.language.isoenes
dc.subjectWell-beinges
dc.subjectNecessity-driven entrepreneurshipes
dc.subjectMotivationes
dc.subjectGlobal Entrepreneurship Monitores
dc.subjectLatin Americaes
dc.titleEntrepreneurship and subjective well-being: Does the motivation to start-up a firm matter?es
dc.typeArticlees
dcterms.sourceJournal of Business Researches

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