The Influence of COVID-19 on Entrepreneur's Psychological Well-Being

Xu, Zhengda; Jia, Heqi

doi:10.3389/fpsyg.2021.823542

Cited by 12 publications

(14 citation statements)

References 76 publications

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“… Xu et al (2021) take small and micro entrepreneurs as research objects, discovering that economic pressure, uncertainty, operation-related pressure and social pressure are main sources of pressure. Xu and Jia (2022) find that the past performance of a start-up will reinforce the negative impact of the COVID-19 pandemic on the mental health of entrepreneurs through a tracking survey of 303 entrepreneurs in start-ups. The above studies mainly analyze the factors affecting the mental health of entrepreneurs under the background of the COVID-19 pandemic.…”

Section: Introductionmentioning

confidence: 91%

“…In addition, considering that entrepreneurs have different threat perception and anxiety under different performance pressures, this paper takes EPP as a moderator variable. By introducing ETP and EPP as mediator and moderator variables, and incorporating pressure and TP into the same research model, extends the previous model that only considers the moderating role of past performance, proposed by Xu and Jia (2022) , and the model proposed by Cypryanska and Nezlek (2020) , which only considers the mediating role of TP . The results of this study will help provide a new theoretical analysis insight for the related research on how the COVID-19 pandemic affects entrepreneurs’ psychology, and further deepen researchers to understand the mechanism of EA under the COVID-19 pandemic, providing inspirations for reducing EA.…”

Section: Introductionmentioning

confidence: 98%

“…The outbreak of the COVID-19 pandemic has exerted influence over economic development ( Mckibbin and Fernando, 2021 ), threatening the survival and development of EFs ( Hoang et al, 2022 ), and those entrepreneurs who play an important role in business development. Under the background of the currently poor entrepreneurial environment ( Ramadani et al, 2022 ), in addition to the health risks of the COVID-19 pandemic, entrepreneurs are also threatened by economic shocks, the decline in business revenues and bankruptcies incurred by industry downturns, which affect their well-being ( Xu and Jia, 2022 ). Under the influence of the COVID-19 pandemic, the entrepreneurs of EFs often face more severe financial pressure and uncertainty ( Backman et al, 2021 ), which is not conducive to entrepreneurs to make the right decision for the sake of the long-term development of EFs .…”

Section: Introductionmentioning

confidence: 99%

“…First and foremost, it is different from the researches based on the conservation of resource theory ( Torres et al, 2021 ; Xu and Jia, 2022 ; Lathabhavan, 2022a ), stressor-detachment model ( Backman et al, 2021 ), stress event theory and job demand-resource model ( Torres et al, 2021 ), to explore the impact of COVID-19 pandemic on entrepreneurial psychology. In this paper, the cognitive appraisal theory and the event system theory are introduced into the existing research, and the COVID-19 pandemic is measured from three dimensions including novelty, disruption and criticality.…”

Section: Introductionmentioning

confidence: 99%

“…Furthermore, the boundary condition of the COVID-19 pandemic event’s strength affecting EA through ETP gets explored and clarified. Most previous studies have regarded TP as an antecedent variable of anxiety mood ( Cypryanska and Nezlek, 2020 ; Paredes et al, 2021 ), and performance as a result variable ( Mota et al, 2022 ) or a moderator variable ( Xu and Jia, 2022 ). Based on the cognitive appraisal theory and the impact of the COVID-19 pandemic, this paper considers the COVID-19 pandemic as an independent variable of anxiety, and takes the mediating effect of ETP into account.…”

Section: Introductionmentioning

confidence: 99%

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How does COVID-19 pandemic affect entrepreneur anxiety? The role of threat perception and performance pressure

Hong-chuan²,

Liu³

et al. 2022

Front. Psychol.

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The entrepreneurial firms may be more vulnerable to the COVID-19 pandemic, and the entrepreneurs of entrepreneurial firms are also threatened by the revenues decline and business failure, which vehemently affect their well-being. The mental health of the entrepreneur decides whether the entrepreneurial firms can make the right decision, which is related to the healthy development of the entrepreneurial firms. Based on the event system theory and the cognitive appraisal theory, this paper aims to explore the effect of COVID-19 pandemic on the entrepreneur anxiety, and the threat perception and performance pressure are introduced to investigate the mediating mechanism and boundary of this effect. Using the simple random sampling to obtain questionnaire survey data, 168 entrepreneurs of entrepreneurial firms have participated in the empirical study, and the research results are as follows. First, the COVID-19 pandemic significantly positively affects entrepreneur anxiety. Second, the entrepreneur threat perception plays a mediating role between the COVID-19 pandemic and the entrepreneur anxiety, which means the COVID-19 pandemic can enhance the external threat perception of entrepreneurs, and then affect the entrepreneur anxiety. Third, the positive effect of the COVID-19 pandemic on the entrepreneur anxiety is strengthened by the entrepreneur performance pressure, while the positive effect of entrepreneur threat perception on entrepreneur anxiety is weakened by the entrepreneur performance pressure. The above findings are helpful to explore the mechanism of the COVID-19 pandemic and other critical crisis events on entrepreneurs’ mental health from the new perspective of cognitive appraisal theory and event system theory, filling the research gaps between the COVID-19 pandemic and entrepreneur anxiety. Besides, this study broadens the applied range of the cognitive appraisal theory and the event system theory in the fields of crisis situations and entrepreneur research, and enriches the research outputs. Furthermore, this study will help provide a new theoretical analysis insight for the related research on how the COVID-19 pandemic affects entrepreneurs’ psychology, and further deepen researchers to understand the mechanism of entrepreneur anxiety under the COVID-19 pandemic, providing theoretical inspirations for reducing entrepreneur anxiety. What’s more, this study finds that individual pressure can affect their cognitive appraisal, which means that future research should take the pressure influential mechanism into consideration in the process of exploring “external stimulus--cognitive appraisal--emotional response,” further expanding the theoretical model of cognitive appraisal proposed from the perspective of pressure.

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Section: Introductionmentioning

confidence: 91%

Section: Introductionmentioning

confidence: 98%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 3 more Smart Citations

How does COVID-19 pandemic affect entrepreneur anxiety? The role of threat perception and performance pressure

Hong-chuan²,

Liu³

et al. 2022

Front. Psychol.

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Assessing the impact of COVID-19 on economic recovery: role of potential regulatory responses and corporate liquidity

Lin

Liu

2023

Environ Sci Pollut Res

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We use a variety of organization-level datasets to examine the effectiveness and efficiency of the nations for the coronavirus epidemic. COVID-19 subsidies appear to have saved a significant number of jobs and maintained economic activity during the first wave of the epidemic, according to conclusions drawn from the experiences of EU member countries. General allocation rules may yield near-optimal outcomes in favor of allocation, as firms with high ecological footprints or zombie firms have lower access to government financing than more favorable, commercially owned, and export-inclination firms. Our assumptions show that the pandemic has a considerable negative impact on firm earnings and the percentage of illiquid and non-profitable businesses. Although they are statistically significant, government wage subsidies have a modest impact on corporate losses compared to the magnitude of the economic shock. Larger enterprises, which receive a lesser proportion of the aid, have more room to increase their trade liabilities or liabilities to linked entities. In contrast, according to our estimations, SMEs stand a greater danger of insolvency.

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Does Psychological crisis matter for college students: Role of digitalization and employment

2023

Environ Sci Pollut Res

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The Influence of COVID-19 on Entrepreneur's Psychological Well-Being

Cited by 12 publications

References 76 publications

How does COVID-19 pandemic affect entrepreneur anxiety? The role of threat perception and performance pressure

How does COVID-19 pandemic affect entrepreneur anxiety? The role of threat perception and performance pressure

Assessing the impact of COVID-19 on economic recovery: role of potential regulatory responses and corporate liquidity

Does Psychological crisis matter for college students: Role of digitalization and employment

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