Empathy-driven entrepreneurial action: Well-being outcomes for entrepreneurs and target beneficiaries

Shepherd, Dean A.; Seyb, Stella; Williams, Trenton A.

doi:10.1016/j.jbusvent.2023.106290

Cited by 10 publications

(3 citation statements)

References 176 publications

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“…In the first kind of imbalance mentioned above, because of their high EMP, individuals can have a deep understanding of society's needs and challenges (Bacq & Alt, 2018). They genuinely care about having a positive impact and connecting with the communities they aim to serve (Shepherd et al, 2023). However, they do not believe in their ability to make a social impact as they possess low SES (Bui et al, 2023).…”

Section: Imbalance Between Empathy and Social Entrepreneurial Self-ef...mentioning

confidence: 99%

“…While prior research has underscored the significance of EMP in influencing individuals' intentions to engage in SE, there remains a notable gap in our understanding of its impact on SEI (Packard & Burnham, 2021;Shepherd et al, 2023;Ukil et al, 2023). Existing studies have revealed that although many individuals form a high level of EMP, only a small proportion turn this into the intention to start a social business (Lacap et al, 2018;Sousa-Filho et al, 2020).…”

Section: Introductionmentioning

confidence: 99%

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How empathy and social entrepreneurial self-efficacy interact to affect social entrepreneurial intention: A polynomial regression with response surface analysis

Le,

Pham,

Nguyen

2023

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Research background: Previous studies have argued that empathy (EMP) is an important factor that enhances individuals’ intention to engage in social business. However, the effect of this factor on social entrepreneurial intention (SEI) is unclear (Ukil et al., 2023). Also, although numerous studies have explored the individual impacts of EMP and social entrepreneurial self-efficacy (SES) on SEI, there is a notable scarcity of research that delves into the combined influence of these two predictor variables on the intention to engage in social business. Purpose of the article: This study proposes that EMP does not only individually affect, but also interacts with other factors to influence the intention to start a social business. Therefore, this study aims to investigate how EMP and SES interact to promote SEI. Methods: Based on a survey dataset of 409 respondents in Vietnam, this study employed polynomial regression with response surface analysis to examine the complementary, balance, and imbalance effects of EMP and SES on SEI. Findings & value added: This study's results suggest complementary effects between EMP and SES on SEI. Specifically, this study finds that when EMP and SES are balanced at higher levels, SEI is higher, and when their imbalance increases in either direction, SEI is lower. In addition, this study finds that the degree of SEI is higher when individuals have high SES with low EMP compared to the other way round. The findings of this study enhance our understanding of the complexity of motivation and how it affects SEIs, revealing the complex interaction between EMP and SES in shaping these intentions within a multidimensional motivational framework.

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Section: Imbalance Between Empathy and Social Entrepreneurial Self-ef...mentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

How empathy and social entrepreneurial self-efficacy interact to affect social entrepreneurial intention: A polynomial regression with response surface analysis

Le,

Pham,

Nguyen

2023

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“…Emotions, including but not limited to anxiety, fear, excitement, and enthusiasm, are seen to have a significant impact on motivating individuals to take entrepreneurial action (Shepherd et al, 2023). A deep understanding of how these emotions interact with the decision-making process can provide a more comprehensive insight into the complexities involved in entrepreneurial steps.…”

Section: Introductionmentioning

confidence: 99%

The Impact of Psychological Factors in Decision-Making to Start and Develop Entrepreneurial Initiatives

Yani

2024

J.Tender

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There is a global increase in interest in entrepreneurship among individuals from diverse backgrounds. This phenomenon is fuelled by various factors, including economic, technological, and cultural changes. However, psychological factors also have a significant influence in shaping entrepreneurial intention and behaviour. This research aims to examine the impact of psychological factors in decision-making to start and develop entrepreneurial initiatives. The research method is a qualitative literature review that takes data from Google Scholar for the period 2006 to 2023. The study results show that the impact of psychological factors in decision-making to start and develop entrepreneurial initiatives is significant. Individual motivation, risk perception, tolerance for uncertainty, self-confidence, ability to manage stress, and social support are some of the key psychological factors that influence the entrepreneurial decision-making process. Understanding the complex interactions between these factors is key to developing a better understanding of entrepreneurial motivation and behaviour.

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A fatigue model of social venturing

Patzelt,

Shepherd

2024

Small Bus Econ

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Empathy-driven entrepreneurial action: Well-being outcomes for entrepreneurs and target beneficiaries

Cited by 10 publications

References 176 publications

How empathy and social entrepreneurial self-efficacy interact to affect social entrepreneurial intention: A polynomial regression with response surface analysis

How empathy and social entrepreneurial self-efficacy interact to affect social entrepreneurial intention: A polynomial regression with response surface analysis

The Impact of Psychological Factors in Decision-Making to Start and Develop Entrepreneurial Initiatives

A fatigue model of social venturing

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