Abstract
How can entrepreneurs protect their wellbeing during a crisis? Does engaging agility (namely, opportunity agility and planning agility) in response to adversity help entrepreneurs safeguard their wellbeing? Activated by adversity, agility may function as a specific resilience mechanism enabling positive adaption to crisis. We studied 3162 entrepreneurs from 20 countries during the COVID-19 pandemic and found that more severe national lockdowns enhanced firm-level adversity for entrepreneurs and diminished their wellbeing. Moreover, entrepreneurs who combined opportunity agility with planning agility experienced higher wellbeing but planning agility alone lowered wellbeing. Entrepreneur agility offers a new agentic perspective to research on entrepreneur wellbeing.
Original language | English (US) |
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Pages (from-to) | 682-723 |
Number of pages | 42 |
Journal | Entrepreneurship: Theory and Practice |
Volume | 47 |
Issue number | 3 |
DOIs | |
State | Published - May 2023 |
Keywords
- COVID-19 pandemic
- adversity
- agility
- crisis
- entrepreneurship
- life satisfaction
- resilience
- stress
- subjective vitality
- wellbeing
ASJC Scopus subject areas
- Business and International Management
- Economics and Econometrics