Proactive Coping as the Moderator of Hope and Subjective Well-Being Among Micro, Small, and Medium Enterprises Actors During Pandemic

Abstract

The outbreak of Coronavirus Disease (COVID-19) around the world had impacted negatively on global economic. Many countries had entered recession due to the imposition of lockdowns to prevent the spread of COVID-19, including Indonesia which had imposed Large-Scale Social Restrictions (LSSR). As a result, many Micro, Small and Medium Enterprises (MSME) actors were affected by this issue and impacted with many losses in their business, even many MSME actors were threatened with bankruptcy. This problem could certainly impact the Subjective Well-Being (SWB) of MSME actors. In fact, SWB has many useful benefits for MSME actors to maintain and develop their business in current situation. Several ways that could be applied to develop SWB were to have hope and implement proactive coping. When the goals of MSME actors could be achieved, this could increase the SWB of MSME actors. This study aimed to examine the role of proactive coping as a moderator between hope and SWB. Participants in this study included 221 MSME actors in Jakarta who have been running their business for at least one year. The results showed that both hope and proactive coping can have a significant role on SWB with an effect of 29.7%. However, proactive coping did not have moderating effect on the relationship between hope and SWB.

Hospitality graduates’ career intentions during COVID-19: evidence from Malaysia

“…In reality, SWB provides a number of advantages that might help MSME operators sustain and grow their business current present environment. Having hope and using proactive coping were two methods that may be used to develop SWB (Purnama & Sahrani, 2021). Individuals' attempts to acquire diverse resources that can assist personal growth, attain hard goals, and create new possibilities are referred to as proactive coping.…”

“…It also stated that many business leaders were more concerned about a prolonged pandemic since it may result in more serious issues, such as increased layoffs, increased poverty, and the failure of more MSMEs to survive. If people are unable to solve their problems, it will produce negative emotions and make them feel unsatisfied and unhappy with their lives (Purnama & Sahrani, 2021). Feelings of discontent and sadness in life can reduce an individual's subjective well-being.…”