Perceived Entrepreneurial Stress and Entrepreneurial Resilience; The Mediating Role of the Well-Being of Entrepreneurs and Moderating Role Perceived Online Social Support

Abstract

This study investigated the effect of perceived entrepreneurial stress on entrepreneurial resilience with the well-being of an individual entrepreneur in mediating role and perceived online social support moderating this relationship. Using survey data collected from 204 entrepreneurs in two major towns in Kenya, considered entrepreneurial hubs were analyzed. To uncover this relationship, confirmatory factor analysis was conducted to test the discriminant validity of the measurement model. Hierarchical multiple regression was used to test four hypotheses in seven models to estimate direct, indirect and interaction effects. The results showed that perceived entrepreneurial stress and the well-being of individual entrepreneurs are significantly negatively related; this study also found out that the well-being of individual entrepreneurs and entrepreneurial resilience are positively related. For moderation effect, perceived online social support positively moderated the relationship between the well-being of individual entrepreneurs and entrepreneurial resilience. Finally, to test the indirect effect, bootstrapping analysis was used to identify mediation effects. The bootstrapping indirect test results revealed that the well-being of individual entrepreneurs mediates the relationship between perceived entrepreneurial stress and entrepreneurial resilience. This study outlines online communities as an avenue where entrepreneurs can access online social support that can facilitate entrepreneurial resilience during crises and to foster resilience among entrepreneurs despite adversity, entrepreneurs need to consider making a culture of seeking and providing social support online to fellow entrepreneurs and online communities.

Relationship Between Perceived Social Support With a Motivation and Mental Well-Being of Aspiring Entrepreneurs

“…A -0.97 correlation is a strong negative correlation, whereas a 0.10 correlation is a weak positive correlation. A +0.10 correlation is weaker than -0.74, and a -0.98 correlation is stronger than +0.79 (Kipkosgei, 2022). Our data represents the value of r of Perceived Social Support and Mental Well-Being as 0.368.…”

Relationships between well-being, resilience, leadership, and perceived success in SME owners-managers of Ecuador

“…This scale differs from other Entrepreneurial well-being questionnaires in that it focuses on measuring wellbeing with life in general and with life because of having developed an entrepreneurship. In order to design this questionnaire, several research studies were consulted and the items most relevant to this research were selected [49][50][51][52][53][54] . The reliability of the questionnaire was calculated and showed a McDonald's ωt and Cronbach's α of 0.911.…”

Entrepreneurial Resilience: A Case Study on University Students

“…In this respect, in the initial instructions for completing the scale, the following indication was introduced for the completion of the items: “As an entrepreneurial person I consider that…”. In this way, participants responded to the SR-14 from an entrepreneurial perspective, as in other studies on resilience and entrepreneurship [ 89 ]. These criteria ensure the validity of the choice of SR-14 for this study.…”

“…". In this way, participants responded to the SR-14 from an entrepreneurial perspective, as in other studies on resilience and entrepreneurship [89]. These criteria ensure the validity of the choice of SR-14 for this study.…”

“…The participants in the quantitative phase gave their written informed consent. Once the data from the RS-14 scale had been collected, the data were emptied and the subjects were classified according to the level of resilience of the total scores obtained on the RS-14 scale into: very high (90-99), high (80)(81)(82)(83)(84)(85)(86)(87)(88)(89), normal (70)(71)(72)(73)(74)(75)(76)(77)(78)(79), low (60)(61)(62)(63)(64)(65)(66)(67)(68)(69) and very low (50)(51)(52)(53)(54)(55)(56)(57)(58)(59). In the qualitative phase, the 25 participants with the highest scores on the RS-14 scale were selected.…”