2022
DOI: 10.1177/10422587211072799
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Happy Entrepreneurs? Everywhere? A Meta-Analysis of Entrepreneurship and Wellbeing

Abstract: Entrepreneurship can be fulfilling and enhance wellbeing, but also highly stressful and diminish wellbeing. This meta-analytical review synthesizes 319 effect sizes from 94 studies and 82 countries to establish whether individuals derive greater wellbeing from working for themselves or for someone else. The answer is partly positive in favor of entrepreneurship but depends on the components of wellbeing under investigation (positive wellbeing or negative wellbeing/mental illbeing) and the institutional context… Show more

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Cited by 101 publications
(78 citation statements)
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References 214 publications
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“…As a professional activity, entrepreneurial behavior is defined by unique job characteristics, and entrepreneurial activity can be emotionally draining (Stephan et al, 2022 ; Williamson et al, 2021 ). Entrepreneur activities relate to creating and discovering business opportunities, acquiring and managing resources, and making quick decisions in highly uncertain situations (Patzelt & Shepherd, 2011 ).…”
Section: Conservation Of Resources Theory Of Stress Response and Entr...mentioning
confidence: 99%
“…As a professional activity, entrepreneurial behavior is defined by unique job characteristics, and entrepreneurial activity can be emotionally draining (Stephan et al, 2022 ; Williamson et al, 2021 ). Entrepreneur activities relate to creating and discovering business opportunities, acquiring and managing resources, and making quick decisions in highly uncertain situations (Patzelt & Shepherd, 2011 ).…”
Section: Conservation Of Resources Theory Of Stress Response and Entr...mentioning
confidence: 99%
“…This study has also implications for policymakers who seek to encourage entrepreneurship in rural areas and understand what factors affect entrepreneurs’ well-being and persistence. Recent research suggests that policymakers can enhance both the number and well-being of start-ups leading them through strengthening the rule of law ( Stephan et al, 2022 ). The results confirm the view that entrepreneurial passion will be an important parameter in the well-being and persistence configuration.…”
Section: Practical Implicationsmentioning
confidence: 99%
“…They believe that an entrepreneur’s well-being has important consequences for business and entrepreneurs personally value their well-being. Therefore, researchers have investigated well-being as an entrepreneurial outcome and have focused on factors and mechanisms that can influence entrepreneurs’ mental health in recent years ( Stephan et al, 2022 ). Nonetheless, robust theories have not been well developed for studying the factors underpinning entrepreneurs’ well-being yet and there is not a full understanding of its antecedents and outcomes ( Shir et al, 2019 ; Lanivich et al, 2021 ).…”
Section: Introductionmentioning
confidence: 99%
“…The development-oriented compensation, that promotes employment through entrepreneurship, is the effective way to solve the long-term livelihood of land-lost farmers (Han et al, 2017;Bao et al, 2020). Individuals derive greater wellbeing from working for themselves or for someone else (La Guardia et al, 2000;Stephan et al, 2022). Entrepreneurship is a strategic approach to solve the problems of unemployment and counter the unemployment and employment discrimination (Mosher and Trubek, 2003).…”
Section: Introductionmentioning
confidence: 99%