“…Second, while prior TSR has operationalized well-being in terms of financial well-being (Guo et al , 2013; Losada-Otalora et al , 2018; Mende and van Doorn, 2015), quality of life (Gong et al , 2016; Sweeney et al , 2015) and happiness (Hsieh et al , 2018), such measures pertain to hedonic well-being, focusing on life satisfaction, pleasure and happiness (Kahneman et al , 1999; Ryan and Deci, 2001). In contrast, the present research study examines the psychological and social aspects of well-being, also known as eudaimonic well-being (Ryan and Deci, 2001; Sharma et al , 2017), which has received relatively little attention.…”